No limit, the ecb unveils a 750 billion euro bond buying plan to sue the markets. Christine lagarde throws the full weight of the central bank behind the single currency. The greenback becomes the haven of choice as u. S. Futures selloff again. Liquidity evaporates in the fx markets on fears of a lockdown in london. Stimulus from every angle, global fiscal support soars to trillions of dollars. I count almost 4 trillion of support. The rba cuts rates. Until the one hour start of cash equity trading in europe, and it looks like the wheels are starting to turn in little more risk on. Futures in europe are higher, they were lower minutes ago. Coming back as we see asian markets closed. S p futures still down 1. 6 , nowhere near the limit they bounced off of earlier. U. S. Futures also showing smaller losses than previously, as all this stimulus comes out. We are hearing talk of one trillion from the u. S. , 800 billion from the ecb. It adds up to about 4 trillion from Central Banks and go
Now. Maria we want to check Global Markets this morning, european indices all over the place this morning following the u. S. Central Bank Stimulus package. London shut down, some of the mass transit lines in an effort to contain virus. Ftse 100 is down 12 points right now. Dax index in germany right now up 21. In asia overnight it was red across the board. Take a look. Korea getting hard hit down better than 8 overnight in korea hitting levels not seen since 2009 even as coronavirus cases are dropping in korea. As you see the other majors are also weaker. Lets check the oil markets now. Seeing a rebound this morning after 18year low. As you see oil prices bouncing 250 a barrel at 22. 87 a barrel. Yield on the 10year treasury hovering above 1 . Yields are bouncing once again 1. 92 on 10year. Investors certainly gearing up for another wild day this morning in terms of volatility. Lets check futures. We are expecting another tripledigit decline. The nasdaq is down 35 and s p 500 weaker b
The Vice President is the governments point person. Plus, is jack dorseys job on the line . An activist investor with a sizable stake in twitter is pushing for changes. First, some ominous news in the u. S. More deaths here stateside. Despite that, the market is going green. Cindy . Es it look like it in sydney. Paul it going pretty well. Markets reacting on promises of support from Central Banks. A strong rally, higher by 3. 5 . Futures pointing higher, better than 1 as well. Alsoi futures and kospi stronger. The yen has weakened. The boj will do what it can to support markets. The aussie dollar still has a 65 handle. It is reserve bank of australia decision day and the consensus now is that the rba is likely to cut the cash rate to half of 1 . Lets take a closer look at what happened here. Stocks surging. Ending up over 4 with investors hoping that Central Banks will be coming to the rescue. For more, we are joined by Abigail Doolittle in new york. What is driving the optimism . Abig
Manus a warm welcome to daybreak europe. The numbers have dropped on hsbc. Job cuts. Share buybacks have been abandoned. A hugest impression is restructuring with a kitchen over 7 billion. That is a reality check on growth. Cost cuts are aggressive. And the reaction in hong kong not great, dropping as much as 3. 2 . The buyback and the plan to suspend those could be part of that. You talked about the 7. 3 billion charge and the bank still looking for a permanent ceo. That was Something Else we were looking out for. There were some changes in personnel but not at the very top. And cost cuts. Says it has hsbc yet to factor in the impact of that virus. Manus the fact that they have ripped the heart out of the Share Buyback which is one of the reasons why you believe that quinn can turn the business around. He has not been anointed or appointed. They are prevaricating. The goodwill impairment comes down to 4 billion in the investment essentially, they want to reallocate some of the freed u
More trouble for uber admitting the first time for its risks to business over the coronavirus. It is tuesday, march 3 and Worldwide Exchange begins right now. Good morning and welcome to the show im brian chu. With me the entire hour, cnbc contributor car contributor Carrie Firestone the dow is coming off the biggest point gain snapping the losing streak in hopes of snapping from around the world comments from the bank of japan, European Central bank, International Monetary fund are giving buyers reason to buy. One stock hit hardest was up very big yesterday apple shares surging after an upgrade in the gain. Those shares up in the premarket as well this morning, stock futures are in the green in volatile trade if things stand the way they are, the dow would open around 100 points the nasdaq around 26 points. At one point, we had indicated down more than 200 points early in the session several factors you can see here down that level. Australias central bank cutting the key benchmark to