The biggest global coordinated effort since 2018 to save the Global Economy from the coronavirus. Were seeing it react pretty dramatically in the Commodity Prices right now. Look at the dow, were back up 766 points. Crude is up over 5 . Gold got smashed last week on margin calls, it is coming up 30 inhouse. That is pretty incredible run after a big blowout last week. The reason theyre buying gold, if all Central Banks start easing policy, gold might be a safe haven play t wasnt a safe haven play when we were worried about global recession but those odds seem to be going down as Global Central Bank starts to take action. Interestingly enough, last week commodities really got crushed. Grain prices, cattle prices, food prices across the globe, worried that people wouldnt have a lot of money to pie a lot of food. Those prices are coming back. Really a mood change from Opening Sunday night. We got more bad news from the coronavirus and more bad news thing is getting out of control, we open
Greekturkey border. It is real, boats be encountered after the third election in less than a year. Party has aanyahus leader but is falling short of the majority needed to form a government. With nearly all the votes counted, luck to let it away. Followed by the centrist blue and white party. Netanyahu is set to stand trial on corruption charges in two weeks. Global news, 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Live from welcome to bloom. Stories wee top are following from around the world. Stocks rebounding after yesterdays selloff. Betting on a concerted effort by the largest economy to tacko fall a lot from the coronavirus. Health stocks leading the way in the u. S. Stocks getting a left after a strong showing from joe biden in the primaries. The bank of canada following the u. S. Says coming into trade this morning with half a percent at the coronavirus darkens the Economic Out
Across the board, after stocks posted strong gains last week and barons writing over the weekend the dow hitting 30,000 could be just around the corner, five years you head of schedule ahead of schedule. Super bowl liv set, the chiefs taking on the 49ers in miami after two action packed games yesterday. We have highlights plus the moments that are going viral. A hard exit, prince harry breaks his silence after Buckingham Palace announces that he and his wife Meghan Markle will withdraw from royal duties. His emotional speech later this hour. Mornings with maria begins with right now. You can jump right had in. In. Let the music pull you in. Jump right in. And it started with dagen weve got a big show this morning. Joining the conversation, michael lee strategy founder, mike lee, first time on the panel. Is it . Second. Dagen second. I wasnt here for the first time. First time with dagen. Dagen Kelly Janes Torrance and lee carter, author of persuasion, good to he se see y. A regular her
Jury will come to order. Senator brown has been delayed a bit but im going to go ahead because as i think most people realize we had to readjust the time of the hearing to accommodate the fact that both have been called on the floor at 1030. That means senators will really need to stick to their five minutes and even then we may not get through for everyone and i apologize. I will stick around for 15 or 20 minutes into the first boat so we can go as long as we possibly can. I will wave my questions. I wont waive my introductory misstatement and i will start with that right now. Welcome, chairman powell today the Federal Reserve chairman Jerome Powell update the command Monetary Policy development in the state of the us economy. Us economy continues to expand in 2019 exceeding 2 growth for the Third Straight year as the American People enjoyed to the longest continued economic expansion in american history. The labor market is strong with the labor force at an alltime high of 164 millio
Debut four months ago. Who is this . Why are they so . Why so many questionmarks on the graphics we find out the answer to all of those. Riddler. Exactly lets start the program with the big stock story and market story really of the day. And that is apple. A stark warning on revenue gue are due to the impact of what else, the coronavirus. The iphone manufacturer tumbling today but finishing well off lows go to josh liptak. With more on what apple said and the reaction josh. Thats right, brian apple finished in the red today but maybe not hit as hard as some expect. Many analysts weighing in and concluding its a shortterm challenge. Meaning they think the demand for apple products simply shifts from the march quarter to future quarters there is still a lot of uncertainty and questions. How long does in outbreak really continue how long before chinese consumers feel its safe to go back out and shop . Remember apples only has 7 out of 42 stores reopening even those with limited hours appe