With the hopes of going ahead. The Federal Reserve move made a turnaround. That led to selloff yesterday. Dow industrials down 582 points, nasdaq down 18 and s p lower by 67. Reports that u. S. Airlines are looking into voluntary shut down of passenger flights across the country this morning. We will take about it. Ceo of boeing David Calhoun joined me later this morning on asking for bailout, suspending dividend and foregoing his own pay and shuts down. Im going to have a report for you jpmorgan says theres a trillion dollars wait to go flow waiting to flow into stocks. President Boris Johnson putting people in lockdown and banning meetings of more than 2 people. Take a look at asian markets here. South korea doubling coronavirus package. Kospi index off 8 and a half percent overnight. More bad news on the chinese economy to report. Latest survey from china warning economy could shrink to 10 to 11 . Thats just the First Quarter for china. Take a look at 10year treasury rise and settin
I am Francine Lacqua in london. These are your markets, doing a little bit great after the week we had last week. The ftse gaining some 2. 2 . A risk on bit more of move. I would caution everyone that these are on thoughts that the central bank would step in, and it is not because of threats that the coronavirus is getting any better. Lets get to the bloomberg first word news in new york city. Number of deaths of coronavirus around the world is over 3000. New york city has reported its quarantined to her manhattan apartment after contracting the virus and iran. Whennor cuomo says it was not if the virus made its way to new york. Aking a hit in february after spread of the coronavirus. Pmi plunged to a record low of 40. 3. The official reading also reached a record low of 35. 7. Chinas economy is gradually returning to work. 70 of at 60 to capacity last week up from about 50 two weeks ago. In the u. S. , former Vice President joe biden has won the South Carolina primary. It puts him clo
A voluntary certification that only applies to the textile industry lukewarm response prompted human rights organizations and trade unions to call for a lot to cover the supply chains of all German Companies for lynn is now looking into legislation legislation requiring companies to prove they have been no human rights abuses or environmental infractions at any point in the supply Chain Companies breaking the law would be fined but many are semis are not at all happy about the additional red tape. Factory fire in delhi this weekend left 43 people dead and many engines the fashion industry is becoming increasingly associated with such incidents Safety Standards and regularly ignored and buildings are often riddled with fire hasnt 120000000 people worldwide work in the textile sector mostly in asia and africa. Many children its common to work 12 hour shifts 6 days a week for a pittance but that could soon end a new bill may require German Companies to force suppliers to comply with minim
A voluntary set of occasion that only applies to the textile industry lukewarm response prompted human rights organizations and trade unions to call for a lot to cover the supply chains of all German Companies or lynn is now looking into legislation legislation requiring companies to prove they have been no human rights abuses or environmental infractions at any point in the supply Chain Companies breaking the law would be fined but many a semi is not at all happy about the additional red tape. Factory fire in delhi this weekend left 43 people dead and many engines the fashion industry is becoming increasingly associated with such incidents Safety Standards and regularly ignored and buildings are often riddled with fire hazards 120000000 people worldwide work in the textile sector mr in asia and africa and. Many children its common to work 12 hour shifts 6 days a week for a pittance but that could soon and a new bill may require German Companies to force suppliers to comply with minimu
A minimum wage and implement safety rules but as already mentioned this is a voluntary set of occasion that only applies to the textile industry lukewarm response prompted human rights organizations and trade unions to call for a lot to cover the supply chains of all German Companies for lynn is now looking into legislation legislation requiring companies to prove they have been no human rights abuses or environmental infractions at any point in the supply Chain Companies breaking the law would be fined but many a semi is not at all happy about the additional red tape. Factory fire in delhi this weekend left 43 people dead and many engines the fashion industry is becoming increasingly associated with such incidents Safety Standards and regularly ignored and buildings are often riddled with fire hazards 120000000 people worldwide work in the textile sector mostly in asia and. And many children its common to work 12 hour shifts 6 days a week for a pittance but that could soon end a new b