A 1. 07 handle. On the stoxx 600 we are up 0. 7 , near session highs. Vonnie china now makes moves to stimulate the economy, including possible bailouts for hardhit industries. Continuing to shape our schedule and we are seeing strong demand. I do think we will have to take some additional provisions. Demand is holding up. We are shipping all of our product. Prices have held up. We will see reduction from next week onward in china we will see production from next week onward in china. We are diversifying source of supply, supply chains. Asia is a growing market. We are not abandoning it. Vonnie for details now, lets get to rishaad salamat, coanchor of Bloomberg Markets asia. People have been lost here. Is a human tragedy, but it has got corporate victims as well. Hna g last few minutes, roup, which went throughout a spelling spree in the last decade, it looks like the coronavirus may be the tipping point. Moment, looking at purchasing this company and taking control of it, even though
Iraqi state is now most of the invasion from iraq in the collapse of the iraqi state when extremists who were held by the americans set free. The British Government suspends when extremists who were held by the americans set free but the British Government suspends shale gas fracking due to Environmental Concerns about the opposition called a preelection gas fracking due to Environmental Concerns about the opposition calls it a preelection stunt and demands a permanent. And demands of. Thousands rally and. Thousands rally and she lay over failing Public Services and the growing inequality. The latest on the for failing Public Services and the growing inequality. The latest on these stories you can head to our team dot com stay with us. Now though for the financial news. Stories you can head to our team. Though for the financial news. There imax kind of this. Time there imax kind of this is the kaiser report the worlds economy is rolling toward bifurcation as a report the worlds economy
Maria big show this morning, joining the conversation fox business Dagen Mcdowell, benchmark capital kevin kelly and forbes media chairman steve forbes is here. Good to be with you. Maria a lot happening on the china front, futures indicating a lower decline, lawer move at the start of trading, dow industrials down 91 points, s p declining 8 points and the nasdaq lower by 16 as tensions between u. S. And china ramp up. Here is the latest, washington added 28 companies to an export blacklist over their role in that countrys crackdown on the Muslim Minority group, beijing warning of retaliation to stay tune, highlevel trade talks to begin on thursday, the president weighing on a potential for a smaller agreement yesterday watch. I would much prefer a big deal, i think thats what we are shooting for, maybe, who knows, probably unlikely. So i would say you heard the story here first, 1 Million People in china who have muslim religion, they have been rounded up now for months, a lot of peop
Possible doj probe. Besthile had bunch had the hedge funds have the best first decades. And paring back growth plans for groundingr with the of the boeing 747 max grounds on into next year. We have aircraft on order for december 2020. If it gets delayed much beyond september, we may have to slow down our growth rate for 2020. Manus a warm welcome to daybreak europe. A message to the dollar traders. If you think the fed doesnt want to fight with the market, thats what jay powell wanted to convey, were not going to dislocate your dovish view because were worried about the world, so the dollar on a tradeweighted basis is the strongest since 2002. Pushback definitively against the 50 basis point cut which a number of houses would say would send a panic signal to the market. Pimco says the fate of the dollar, whether its ready to roll over is whether its a sustained cycle. Lets look at the bond market, im looking at the longer end of the curve. Forasis points priced in july. 71 basis point
We heard from jay powell. We will hear from him again today. The eurodollar, 1. 1278. There is a lot going on, not only about trade. Official taxes that france will vote on. There is a mood on what happened to euro depending on what we get from the ecb minutes that will be released after midday. We will watch for that and any movement on currency. Coming up, we speak with the sao paulo governor, he is joao doria. Plus we will speak to sheriff brown about u. S. Politics. Lets get to the work first word news. Deutsche bank is now being probed u. S. Justice department as an expanded investigation. The u. S. Is reportedly taking a closer look at a former Goldman Sachs executive who later worked at the german bank. Authorities havent accused which a bank of wrongdoing. Another federal probe, the u. S. Investigating frances plan to tax tax giants. Socalled 301 investigation is the same tool donald trump used to impose tariffs on china. Korear japan nor south has much political incentive to c