Combat the outbreak as france closes schools. New york city declares a state of emergency as the death toll approaches 5000. Investors fear that emergency packages will not be enough to stave off a recession. That showed in european and u. S. Sessions yesterday. Saw their worst day of all time. Wall street showed its biggest crash since 1987. Here is a look at just how bad it was. Drops, the likes of which i have never seen, on individual equity indexes. The dax is down 12 . The ftse in milan is down almost 17 in a oneday session. It seemed to all be sparked by Donald Trumps travel ban and then made worse by the ecb decision. Jones look at the dow industrial average, the most famous global index. Circuit breakers were set off again yesterday and this was the biggest drop. Since 1987. Nts the s p 500 is down 9. 5 , as was the nasdaq. Doterms of price action, we see a bounceback in terms of futures. You see ftse futures are up more than 3 . The 10 year yield is gaining a little bit in te
Velocity to the dollar and cash, it only have i never seen it, would say biblical times but i was not around for that. Francine i will have plenty more on that. Lets get to bloomberg first word news. Viviana we begin in china for the First Time Since january the nation reporting new cases of the coronavirus in the single digits. A month ago china reported almost 15,000 cases in one day. It is a sign of viral outbreak may be coming under control. Still the disease is spreading in the u. S. And europe. Italy has more than 15,000 cases and over 1000 deaths. The u. S. Is now up to 1500 infected. A state of emergency declared in new york city last night. To capitol hill and how House Speaker nancy pelosi saying she is near an agreement with the Trump Administration on a coronavirus bill. For paid sicking leave and more aid for those who will lose their jobs. Policy hopes to have a deal today. Investors looking to the Federal Reserve. The fed unleashing a trillion dollars but failed to help
Language not all of this gets me they go but you need to interrupt its the same thing you want to do their story. Ends her fighting and reliable information for margaret. A very warm welcome to news from the world of arts and culture lets have a look at whats coming up today. A brazilian drug free who suffered homophobia in brazil but found a new home in germany. And the biggest ever exhibition in germany of impressionist paintings by claude monet of the barbary museum in pulp stone. Botts we begin the Film Festival which is said to be the largest public Film Festival in the world with over 400. 00 movies to choose from this year today were going to have a look at new films which feature of this great city as a backdrop nearly 30 years after reunification then is still undergoing great change this of course fascinates filmmakers because the city has so many different sides to it. Dark. Colorful. Minimalist disreputable. Lins many facets make it an exciting place for directors to shoot
Adaptation of a flea do cleans classic novel shows the dark underbelly of the german capital. Noir the cult was turned on to it. Is if you dont go see. The film cooney takes place in the multicultural neighborhood of course found its a coming of age story screening in the belly knowledges generation 14 plus section and it makes the citys colorful beating heart come alive. Blogger mr toward a lot of the community here that switzerland is no place for the cancer stricken actor so then he and his sister are drawn back to it used to be west berlin to the legendary shall do nothing to lead roles are played by nina hoss and last idea whose careers are closely intertwined with berlin stages that makes my little sister a kind of homecoming for these german actors. And their family wednesdays. Isnt toas i should intervene. With a bank thats held a love affair between industrial diver customers and city historian dina starts. And maybe its meant to stick. And. Its urban history of both and under
Out. But right now, just one quick s p indicated up about 18 points that would also put the s p at question for you, target missed and raised questions about this. Was that a target specific an interday record problem . It looks like holiday sales were the nasdaq up about 55 also pretty good. Yeah. Putting it at an interday and target was able to maintain record the futures all comfortably margins. Meaning, they ran out of above that right now inventory on some issues they werent overstocked on some of those things. I dont think it was a problem the yield right now in the with the consumer. Walmart did well, right walmart had good numbers amazon had good numbers. 10year below 1. 87 . I think its problem. Welcome back, everybody. Take a look at the futures emblematic of problems they had the dow, the nasdaq and s p 500 in a few areas specifically china premier speaking out all set to open at new intraday electronics and tois not growing as much as they thought. Levels well see you tomor