Governments handling of the pandemic and the alleged corruption of the Prime Minister. A pm here in moscow a very warm welcome from everyone at all to International Banks your company as we take a look at the biggest stories of the day starting with the u. K. Which has suspended its extradition treaty with hong kong its part of the continuing fallout over chinas new National Security or british rule makers fear that if suspect the son to hong kong they would later be transferred to Mainland China. Consulted with the home secretary the justice secretary and the attorney general and the government has decided to suspend the extradition treaty and immediately. Well weve seen the u. K. Responding of course to National Security or why the Chinese Government and the u. K. Saying that theyre concerned that some of the definitions of some of the parts of not law could impact people who have been actually 200. 00 cong as part of the treaty for example the more seeks to redefine terrorism it see
On the walls check out my twitter feed. See all the ridiculous speculative names people hope ill mention or pump same deal, no earnings, but right on stocks. These are textbook signs of what we call froth. Thats what this is. Its froth and you know what . All the froth got crushed today. Dow plunging 517 points, s p plummeting 117 , nasdaq nose diving 1. 55 not bad for an amateur so whats become too riskier let me give you an example last night kind of cool. We had novavax on, hottest stock on the market. Vaccine developer working on something for covid19 the stock runs from 18 to 40 in two days i cant recommend Something Like that thats this, you know, novavax is this, okay. Good guys, but it doesnt matter it actually managed to rally today. Maybe novavax wins the vaccine rate if they dont, the stock is going to get eviscerated id rather have you in something thats diversified glaxo, pfizer, j j same for biotech stocks. Anything related to ebola, flu, except regeneron they have little
Industrials down 114, s p down 17, nasdaq down 20. By the way, the nasdaq sixday win streak is in jeopardy but who knows what could happen in the final hour. Thats why youve got to stay with us. Health insure ors caught flatfooted by the pandemic but its particularly frustrating for the aflac duck. The supplemental coverage giant was already well into preparing last year for a crisis, just not this crisis. First on fox business, aflacs chairman and ceo dan amos is here on how the Company Plans to get the stock flying north again. They say you cant fight city hall but billionaire visionary elon musk is doing just that and even risking perhaps an arrest in order to get his tesla factory back to manufacturing his popular electric vehicles. We are live in california with up to the minute details on this lockdown showdown. Plus, the guys who gave up their big city lifestyle to start over down on the goat farm might just hold one of the keys to you safely returning to the economy. How their
Why dont they need this is a no fly zone incident i dont know what else but how the might of the us i mean does. The know the. Office weve gone drinks time will tell me. Dont. Tell me. Its. Very im certain. Things. Will go up and the baby had a fever of 38. 00 so point 30. 00 were hoping that so. That it will all be ok. This is a boom bust the one business show you cant afford to miss im sorry montel stale in washington coming up markets continue to 3rd up more and but is this just a bump or a sign of Better Things to come. The World Oil Prices continue to cover around historical lows the u. S. May have to make some oil todd. Of their own that i am a god like you and for social distancing in warehouses but privacy and Health Concerns for their workers continue to have a show today for less and ive read it. Lockdowns across the globe show signs they are indeed working while the crown a virus continues to change the world with a global that toll now at more than 80700 nearly with more th
The meeting and it is still on. Manus a warm welcome to bloomberg europe. Zurich for a in couple of days. Wobbling. Omewhere is as Martha Malone says you are asleep at the wheel, opec. Is rate cuts the right policy response . Nejra and how long can that little rounds last bounce last . Are you moving from survival to strategy . Manus the dollar seems to have taken a new lead. Take a look at the dollar, down for the fourth day in a row. Deutsche bank says it is time to sell currency. The biggest slide to. Dropping over 1 . Deutsche bank, 100 basis points by the end of the year. Goldman sachs, 100 points by the middle of the year. The oil market has a b ounce. For the 10 year Government Bond yield the probability of the fed going to the zero yield, i bring you back to 2008. The Options Market says it is unlikely you will get there. Somebody is right. Somebody is wrong. Good morning. Asiapacificci index. Turning negative after the report says the draft doese g7 meeting, the call not speci