End into the weekend, major curve flattening. Francine yes, major curve flattening. We will analyze that during surveillance. For first word news in new york city, here is viviana hurtado. Hi, viviana. Viviana the coronavirus epidemic has entered a new phase in cases outside of china is quickly are quickly multiplying. South korea and japan closing in on 100 cases. China, though, still the center of the crisis. Roughly 75,000 infections have been reported, but the new number of cases declining. Intelligence officials reporting the u. S. Congress russia is trump to get donald reelected. The president was angered by the disclosure, reportedly claiming the democrats will use it against him. Donald trump said he will not immediately pardon his former associate an ally, roger stone, still, if courts do not overturn his conviction, President Trump said he will intervene in the case. Mr. Stone was charged for lying to congress and witness tampering. Wells fargo, bloomberg learning it is set t
A fairly strong currency move this week. Time now for global exchange. We bring you todays market moving news from all around the world. From hong kong to london, frankfurt and new york come our bloomberg voices are on the ground with this mornings top stories. In asia, the coronavirus continues to spread, with south africa reporting a surge in was also inand that south korea. Joining us is stephen engle. Give us the latest. Stephen you have another revision out of china as they get previously unreported cases out of five different prisons in three provinces. You have those supposedly isolated clusters adding to the total again. They revealed the numbers and then added more. In some cases, more than 200 ands in chengdu province another in hubei province. More provinces could report outbreaks as well in those supposedly isolated ecosystems like prisons. As well, we are seeing additional clusters in other parts of asia, not just china. You are seeing a surge in cases of another 52 in sou
Change. Gold continuing to rise. Guy curve flattening a big piece of the landscape. Eurodollar spiking on the back of pmi data, i think the weakest number since 2013. I think we dont get ism until the week after next in the United States. Eurodollar with a 1. 08 handle. We just had a 1. 07 handle earlier in the session. Wasgerman tenyear significantly on offer. Pmi data out of europe much better than anticipated, so we have seen a turnaround when it comes to the german tenyear. 0. 7 s in europe down 0. 6 , depending on which market you pick. We are and again negative week in europe for equities. Vonnie coronavirus outbreak also accelerates outside of china. Japan seeing outbreaks with no direct links to china, and the preliminary markets perching markets purchasing managers indicating in february. Deputyinel is with us, cio from state street global advisors. 0. 5 thise yield down year alone. What is it telling you that the s p 500 is very close to a record, and bond yields are at recor
And global domination. Tesla is one step closer to opening a massive factory in europe Winning Court approval where it eventually plans to make 500,000 cars a year. U. S. Stocks sank friday amidst renewed concerns over the coronavirus. Tech Companies Hit hard. With more, i want to get to taylor riggs in the newsroom. What happened . Taylor the s p 500 was off about 1 . Of thearing the brunt losses, off 2 . Apple and alibaba off 3 . Investors are pulling their chips off the table heading into the weekend with the nervousness we are seeing about the coronavirus. Teche last five days, clearly the worst performer off about 2 or double what the s p 500 lost this week. The tech sector losses led by nvidia. They get 1 4 of their revenue from china. I want to put the losses into perspective. Losses for chipmakers were off three pointer percent. For the day, 3 . Worsthardly one of the days they have had. A bad week, but we have had worse. Investors did not want to go into the weekend with a lot
A make up factory near berlin but a court has ordered it to Halt Operations after a petition by environmentalist. Its a pleasure to have you along to everyone well we begin with a surprise ruling that was made today in turkey were a court has acquitted 9 Civil Society activists accused of overthrowing seeking to overthrow rather turkeys government in the 2013 gezi park protests while many in the court expected the court to hand down a guilty verdict instead judges ordered the defendants Immediate Release and as you can see here a people emerging from the court triumphant relieved there. Or many high profile defendants in this case the included businessman also monk a volatile and actor director Mehmet Ali Bora critics of call the trial an attempt to silence opposition in turkey the gezi park protests began over the governments plans to redevelop a small park in central istanbul but they turned into nationwide protests against the Government Back then Prime Minister red chip tayyip erdo