Check, the fed is announcing some coordinated central bank swap line enhancements. We saw them a couple of days ago increase it for a variety of Central Banks. Now those swap lines will have further detail and enhanced swap lines. Absolutely. This is missioncritical right now, figuring out how we get dollars to everybody that needs them is the most important thing, it seems, at the moment, when it comes to financial markets. That is going to certainly help. My question today, does a weaker dollar indicate that the funding stress and design for dollars is beginning to ease off a little bit . We will get an announcement from the chancellery of the exchequer on further measures to help out the u. K. Economy. Similar move when it comes to the 10 year. In terms of stocks, we are seeing a bid finally returning to stocks, and finally enough, i think it is worth paying attention to the fact that we are getting some of the cyclicals in particular catching a bid today. You can see the travel and
The United Nations Migration Agency is reporting what it calls a grim milestone regarding debts and migrants who tried to cross the mediterranean. Officials estimate 20,000 people have died since 2014. That includes the presumed drowning of more than 90 people after a small boat overturned after leaving libya last month. And the disappearance of a ship that set off from algeria. 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 vonnie quinn. Amanda live in toronto, im amanda lang. Welcome to bloomberg markets. We are now joined by our bloomberg and bnn bloomberg audiences. Here are the top stories we are following from around the world. Investors fear Major Economic fallout from the coronavirus. Worldwide of infections from the virus topping 100,000, putting more pressure on Global Leaders to respond. Youll
European central bank announced a 750000000000. 00 euro package to mitigate the Economic Impact of the coronavirus meanwhile oil rebounded more than 20 percent after reaching the lowest level in 18 years this was the best day on record for oil there of course huge year to date losses still here there is so much to get the lets bring in who must cohost christiane who joins us from Los Angeles Christy what is happening in markets today. Well brant the 1st sentiment every morning still seems to be to sell everything although this morning was the 1st time in a week that there was no overnight limit up or down trying to hold in the s. And p. Futures perhaps it is the case that systematic funds now have little left to sell nearly 2600 of the 3100 and why ac. Names are currently on the short sell restricted list and were now approaching quad witching friday tomorrow which has historically resulted in increased volatility so the question is what did that people sell into well at the center of
This is a boom bust the one business show you cant afford to miss unbends one and im 50 im liking 10 coming back on my end doesnt seem to be going anywhere and that is creating a new set of fears on waffles and around the world. The last few weeks have demonstrated just how quickly a new vine is going to spread around the word cozy why does it do you and disruption well how the latest plan doesnt have a measure of the mathematically a long time and money trying to make it like economic growth. Is rising prospers an independent nation is an example to every day should all over the world and one of the most outstanding achievements of our century. And the u. S. Is asking france for a safe haven for u. S. Companies in order to help them avoid a European Digital tax so what is that about and isnt the digital tax for u. S. Companies going to have a live report so much to get to on this very busy day so lets get started and we begin with the coronavirus which is sending shock waves once agai
In italy iran and in south korea here are the latest numbers on the virus as of monday there have been 409. 00 new cases of the virus and 150. 00 new deaths that brings the total to 77150. 00 confirmed cases in china with the death toll of 2592 in terms of china in the majority of the new cases 398 were in the who by province and that includes all but one death its also important to know that many thousands of people have already recovered from the corona virus which again mostly places at risk the elderly and the very young as is common with these kinds of things among those countries though that we were just talking about italy is now looking to take more drastic steps after a 6 person has died there italian authorities on monday get this they shut down schools universities and museums across the countrys north they also banned public and private gatherings including soccer matches and cultural events in venice ended its annual carnival early and Catholic Church leaders. Announce the