Matt stocks and freefall. The s p 500 sees its worst session since 2011 and the fastest stock Market Correction ever. 5 trillion in Global Market cap are erased in a week. Virus fears intensify. Cases and south korea to knock 2000 cases in south korea top 2000. Jp morgan joints citigroup and Goldman Sachs in slashing estimates for u. S. Companies, and crude slumps. Oil set for its worst week since 20 11 as well as opecs secretarygeneral says there is a renewed commitment for joint action. A report says saudi arabia wants producers to agree on additional cuts of one Million Barrels a day. Just under an hour away from what could be a bloody day of trading. Futures that i looked at were the worst since at least 2016 on the stoxx 600. Anna good morning. Is this what fear looks like . Markets down by more than 4 . You will see how much scary looking red there is on that screen. Futures in europe down by more than 4 on the cac, as you can see, and expect them to see significant losses. U. S.
All of the sectors are lower. One of those stocks is Newmont Mining because gold is higher as a safe haven, up 1. 3 now, well above the 1600 an ounce ma rk. Clearly an ominous environment right now. Earlier this week, we had swings day,. 2 and plus 1 in one so it is not unusual to see these swings today. The other assets i wanted to point to, dollaryen. We are seeking we are seeing a weaker dollar. Very interesting move in the currencies, and obviously that will continue throughout the session. If we have the s p 500, i can show you that the stocks that are lower are primarily once vonnie live from new york, im again the travel companies, the airlines. American airlines down seven vonnie quinn. Guy from london, im guy point 5 . The moves to the downside are very big. Johnson. Welcome to bloomberg markets. Vonnie lets check in on the united down. Royal caribbean lower. State street lower. First word news. A note out from an analyst on heres viviana hurtado. Viviana rates for 30 year u.
The most successful ceos on wall street and beyond busy. What one big box is telling analysts amid panic buying its friday, march 6, 2020 and Worldwide Exchange begins right now. Good morning welcome to the show. Joining me the entire hour, Citi Private Bank global strategist who will write down all of the headlines for us now to this mornings top stories and breaking news. Wall street is once again licking its wounds after a wild day of trading yesterday a wiswing of more than 3 . Just four days, up 1,300, up again. You can see the dow is indicated again down 515 points. It is important, weve seen about 200 points in deceleration levels all of this coming off yesterdays moves. All the major averages are in socalled correction territory those were record highs. Those moves are happening with the treasury yields and benchmark hitting its lowest level in history listen to what double lines told us yesterday i think we are pretty low right now. I think maybe well get to 80 basis points i
Well as its Strong Customer base there apple had already been facing challenges in china before the outbreak in 2019 the company made sales of 44000000000. 00 in the country a fall of 12 percent from 2018 and the relative value of the Chinese Market for apple has been declining in recent years in 2015 the country accounted for 25 percent of apples total revenue that has fallen steadily last years figure accounted for just 17 percent. If it is not contained the corona Virus Outbreak could dramatically increase apples difficulties the company has already said that worldwide i phone supply will be temporarily constrained due to the air brake. Well chinese officials are increasingly concerned about the Economic Impact the crisis is having big events in china and elsewhere have been called off due to the threat of the corona virus among them or of china 2020 the countrys most important motor show in beijing last week the mobile World Congress in barcelona was cancelled as all the big names
Well as its Strong Customer base there apple had already been facing challenges in china before the outbreak in 2019 the company made sales of 44000000000. 00 in the country a fall of 12 percent from 2018 and the relative value of the Chinese Market for apple has been declining in recent years in 2015 the country accounted for 25 percent of apples total revenue has fallen steadily last years figure accounted for just 17 percent. If it is not contained the corona Virus Outbreak could dramatically increase apples difficulties the company has already said that worldwide i phone supply will be temporarily constrained due to the air brake. Well chinese officials are increasingly concerned about the Economic Impact the crisis is having big events in china and elsewhere have been called off due to the threat of the corona virus among them china 2020 the countrys most important motor show in beijing last week the mobile World Congress in barcelona was cancelled as all the big names withdrew as