Well get to him in a moment as well lets begin with our gang today. Jim, ill kick it to you first as we look at the markets here, it is this legit is this move of the last couple of days something to truly bank on you know i always want to give you a direct answer but this one i got to give you a solid, i dont know. Maybe im playing it both ways, scott. Ive got 8 cash which means im 92 invested after a move like yesterday, i wonder should i put it to work i think we retest the lows based on the degree of uncertainty than the 8 cash will be be such valuable currency to me buying to me what will be well below market or fair value prices that the mistake im willing to make is hold that 8 cash and not invest it right now. You must have a feeling of whether or not you think were going back to the lows are you feeling you want to move away from that because of what happened yesterday and this follow through today ill be totally honest with you, yes yes, i am. On the back of a positive change
Had any symptoms himself, and his wife is now feeling better. An emergencyg for 5 billion loan from the International Monetary fund to help fight the spread of the coronavirus. Its the first time iran has asked for the imf help since the 1960s. Reported cases in iran soared by more than 1000 in the last 24 hours. Now topping 10,000. More than 400 people have died, including several top iranian officials. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im shery ahn. Amanda live in toronto, im amanda lang. Welcome to bloomberg markets. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories we are following from around the world. Equity markets plummet. The stoxx 600 recording its worst day on record, plunging more than 11 . In the u. S. , the s p 500 plunging more than 8 at its lo
That decline we saw yesterday. U. S. Equity futures are bouncing back a little bit. S p futures indicated up if you are looking at the treasury yield the 10year looks to be yielding 39 the twoyear down at 4. 4 . The 10year, if you are trying to behalf full, that is something you point to we are down watching the close for some type of stability, it went down 2,200 or 2,100 even if it rebounded yesterday, you were hoping for a strong close. Fridays, theyve been okay. You would think maybe there would be a selloff the past two fridays thus far not been that way. Well see if things are different. We are talking a lot off camera and on camera all the closings you were talking about. That was unbelievable yesterday. I was watching a big east game i was losing and they canceled the game at half time. They canceled march madness. You saw everything, broadway and everything i was worried about the c word yesterday a crash yes that c word. I dont even like talking about 1987 that is pretty clos
Has been a tumultuous quarter. Plus, a rough quarter for ipo shares of ab inbev and Bernie Sanders corporate tax, the 2020 president ial hopeful out with a new plan calling for a tax on companies that pay their ceos way more than their workers it has been a roller coaster ride for stocks in the Third Quarter as we enter the final trading session of q3. Dow and nasdaq aiming for a Third Straight quarterly gain. Mike, awe kn mike, as we know, we went into the month thinking big, bad and scary. I think thats actually the story for the quarter too, the market held itself together and preserved these levels it was at, just about at old highs. Without really a ton turning for the better the way you can look at it is the cost of two and maybe a third fed rate cut was not that steep in the way of suffering through really bad growth or any real stress in the Financial System just yet. So but it does feel tenuous, feels as if the market is sort of maximized what it had to work with to get to thi
Nobody had the responsibility to deal with emerging threats before they caused damage to our economy. That is why we created the Financial Stability Oversight Council as part of dodd frank. Fsoc filled that void. It serves as an advanced warn ing system to identify and address posed by large complex companies, products and activities before they threaten the economy. The counsel has ensured that for the first time that our financial regulators are working collaboratively to identify and respond to emerging threats to Financial Stability, and with their february announcement outlining enhanced engagement and opportunities for public input, theyve doubled their efforts to engage with the industry and congress in a transparent matter. We have taken important steps to prevent another Economic Disaster from happening including making our large banks resilient. Leveraged and liquidity standards. Covering oversight gaps in our Financial System. Designating complex interconnected nonbanks for