Reporter for an update on the shutdown continues to tighten across europe spain imposes almost total lockdown telling residents remain inside their homes its the 2nd worst hit country in europe after italy. Markets remain troubled by the pandemic risk trading is briefly halted at the New York Stock Exchange after stocks opened down some 10 percent european and asian markets are also cascading despite monetary interventions. Plus there is anger in berlin as the Trump Administration tries to secure exclusive rights to a german produced future coronavirus fact see well hear from our science correspondent about how soon a vaccine might be available if tests are successful. Im serious almost got to thank you for joining. Yes europes open borders are starting to close germany has joined a growing list of e. U. Countries to at least partially shut out its neighbors in a bit to halt the spread of the coronavirus now berlin has announced controls on its borders with switzerland and austria in t
After italy. Markets remain troubled by the pandemic risk germanys dax opened down 5 percent asian markets also continue their fall despite monetary intervention. Plus anger in berlin as the Trump Administration tries to secure exclusive rights to a german produced future of corona virus vaccine well talk to our science correspondent about how soon a vaccine might be available if the tests are successful. Im sumi so much kind of good to have you with us europes open borders are beginning to close germany has joined a growing list of countries to at least partially shut out its neighbors in a bid to halt the spread of the corona virus now berlin has announced controls on its borders with the switzerland and austria and luxembourg and also what denmark in the north new restrictions are also being imposed along the french german border. Gridlock on the french german border these cars have been waiting for at least 30 minutes to end to germany the certainty of sending back any vehicle whic
In europe, also watching what has been happening there, you will also see just like yesterday europe is down across the board. The biggest declines coming from france and london. The cac off 1. 6 among the big market themes, momentum stocks outperform, some momentum factor er, etf up on pace for the best ever launch since 2016 we are going to have a technical analysts on. I was distracted i asked the analyst whether it works like this with the outliar. They insist, no matter what, they did bounce off the level. The ones they mention. It hit exactly and bounced off it we have bleakly here lets say this, we manage 6 billion of assets. We want that to go up. It is risk management. We need p emto worry. We have a lot of them around today. Including me burgon county, the first presumptive case of coronavirus. Energy is in a bare market off from its high in april industrials also in correction territory. Gold on pace for its best performance. Looking at prices this morning, youll see they ar
Market rs doing because they did see a significant bounce around about midday when the president said he would be addressing the nation at 3 00 p. M. And with it came the eck peckation that he would declare a state of emergency. That took us off the lows of the session. Were splitting the difference it was up 1339s at the high, 85 and currently 865 points lots to discuss. Straight to eamon javers who is outside the white house. Eamon, what are the key things we might be expecting from this from the president well one of the things were going to be looking for is whether he makes any mention of the bill na that nancy pelosi said hes going to pass as early as this afternoon in terms of dealing with the virus a Senior Administration official told me that the white house still objects to several provisions in that measure will the president embrace it or discard it thats a key question. Lori ann is reporting that Steven Mnuchin was on the phone with speaker of the house nancy pelosi shortl
Looked like both the house and senate would be out next week and it would be difficult to get anything done fiscally in terms of legislation before next week. The timeline is getting pushed out. Because of that we lost all of our gains. 3 gains in some cases. Then we had some mike pence strategy from the meeting with insurers. At that meeting mike pence said there would be no surprises, there would be 4 million test sent out and there would be no copay. Insurers would waive copays. That gives the markets the idea we are going to get an accurate and quick assessment of those infected and those passing it on. We also heard President Trump Pay Lip Service to the fact that they were looking at the cruise industry and Airline Industry and that has stocks bouncing. The s p 500 up almost 1 . The 10 year yield, 60 basis points. Jim vogel out with some good levels saying there was a cluster around 55 and buying is concentrated in certain areas. It is trading within a 21 basis point range. The y