Welcome to bloomberg daybreak europe. Volkswagen saying it is almost impossible to make a reliable forecast on coronavirus. It says to succeed in overcoming the coronavirus crisis, vw will succeed in overcoming it. 2020 will be a very difficult year. The coronavirus poses challenges. It is almost impossible to make a reliable forecast on the coronavirus. You can translate that third to equity markets that through to equity markets. 1987. Drop since we have had three backtoback days of moves at 9 . How do you trade a market like this . Investable . In 24 hours, we have gone from limit down to limit up. Is this just a bear market ounce in u. S. Futures bounce in u. S. Futures. You are seeing green in japan but right elsewhere, like china red elsewhere, like china for example. A little bit of a retreat in the yen. Dont want to say that it is risk on, but a bit of a different picture from what we were seeing yesterday. Yousef absolutely. Treasuries were trading a little bit lower. This com
Mondays losses on the dow eclipse the first day of the wall street crash in the great depression, as the ceo of nasdaq says it is critically important to keep markets open. Macron callsuel for unity in the battle against the coronavirus. The e. U. Closes its borders, as im a trump admits the u. S. Could enter a recession. Unknown, volkswagen says the economic fallout from the pandemic is impossible to predict, as car plants across europe are shut down. Anna good morning everybody. A grizzly monday on wall street following a 100 basis point cut from the fed after an emergency meeting, the dow fell almost 13 , the biggest plunge since 1987. Oil hit its lowest level in over four years. President trump says the coronavirus may cause economic disruption against the summer and it could send the u. S. Economy into recession. Pointing, u. S. Futures up and european features also pointing to gains. The s p has fallen or risen by 4 last six days, an incredible record of volatility. And, lets loo
Okay should be and we also have the white sandy of course everybody in the bay area and across the country in the world should be doing this in order to help slow the spread of the coronavirus and we do have breaking news this morning just in to the kron 4 news room. Corona virus related deaths in the bay areas now 25 is 4 more deaths were reported just this morning in San Mateo County. Heres a look at the numbers. Santa clara county now with 375 cases, 16 people have died. As we mentioned 100s, 65 cases in San Mateo County with now 5 deaths, San Francisco county has 152 cases and one death to the east bay now where Contra Costa County has 86 cases and one death. Alameda county with 124 cases and 2 deaths in the north bay marine county has 53 cases that are 24 cases and Solano County 34 cases and one death in Sonoma County and napa county has 3 cases. Wifi help is on the way for people impacted by coronavirus overnight the senate reached a deal with the white house that would send mone
Welcome. Im Morgan Brennan on cnbc and st. Patricks day. Breaking news. That is wall street. Stock futures surging. Well off their highs hitting limit up levels overnight as President Trump said in a tweet last night, quote, the United States will be power fully supporting those Industries Like airlines and others particularly affected by the chinese virus. We will be stronger than ever before limit up means we turn attention to the etfs that are tracking to get a better sense of where they are opening this morning the die, the dow etf is up 2 . Off the gains we saw earlier the s p 500 etf, the spider, is up about 2 . The qqq trust is up about 3. 3 coming off that worse day for both the dow and the s p since 1987 and the nasdaq and the russell 2000, worst daily drop ever breaking overnight, the eight largest u. S. Banks announced they will be jointly taking funds from the Federal Reserve all of this after all the major average posted the worst day since black monday drop of 1987. The d
Nosediving 3. 97 . At one point it looked like we would go to war and we were actually lucky, lucky it was only down that much because if things dont break right, were going to be experiencing a lot of weeks that are worse than the depths of the great recession. Why . Were fighting a twofront war in this country. We need to beat the coronavirus, a scourge thats unrelentless easy to catch and requires hospitalization, far more than we can actually provide. At the same time we need to preserve the economy, an economy in many ways is no longer open for business there are 100 million workers who could potentially lose their jobs if we dont shut down covid19 soon. Peoples life savings are going to be pulverized as companies suspend dividends and people sell like a mouse in a fear of an unrelenting panic because they need cash, need cash right now. Its like a slow grind financial hell apocalypse. The plummeting of oil isnt helping either we need to get crude back over 30 or the last of the p