Peak fatality rates could come in the next two weeks. Haidi brent crude is at its lowest price in trading since late 2002. The australian markets have just opened. Lets get straight to Sophie Kamaruddin. Sophie shares opening lower in sydney. We are seeing and struggling australian in vectors australian economy goes into hibernation. It should strengthen gdp 10 this quarter. As for new zealand, 14 quarterly contraction in the Second Quarter before rebounding as officials wrap up. Buying Corporate Bonds from tuesday. Off more than 2 . Nikkei futures in chicago under pressure. Analysts believe the economy is already in recession. Japanese Prime Minister shinzo to fund the biggest ever stimulus package. Futures sinking more than 2 . Worries about Economic Growth and dwindling demand also playing out in the oil market. Wti testing 20. Flipping back, President Trump is still speaking at the white house, where earlier he said he would extend the guidelines for americans to distance themselve
Here are the numbers 1. 15 and 1. 4 yep, im talking about the plummeting yield on the benchmark tenyear treasury where you only get 1. 15 return. And 1. 4 thats the apparent rate of the dreaded coronavirus. At least thats what we think it is whi while bond yields keep falling, now 1. 4 number is much better than 2 number weve been worried about with the outbreak. Which along with the treasuries this very afternoon is why the market was able to rebound today. S skyrocketi skyrocketing 1,294 the s p 500 surnling 4. 6 . The nasdaq 4. 49 okay i dont want to be simplistic here but this market is ridiculously volatile it is controlled by fear thats the physical fear of getting sick, the fear of a slowdown in commerce as people are becoming reluctant to go outside and the impact of that fear which is causing investors to hide money in safe haven treasuries which are giving now yield. That is driving the prices up and yields down. Now we have seen the most minute changes in treasury yields pro
The worlds greatest rainforest is under increasing threat. Illegal logging, mining and land grabbing has led to vast areas of rainforest being lost. It is a huge store of carbon that is vital for tackling climate change, but the brazilian government of president bolsonaro has so far denied the problem, but that may now change. Environment minister Ricardo Salles will meet governors of amazon states today to discuss tactics to counter deforestation. In the 12 months tojuly, 2019, deforestation soared almost 30 . More than 3,700 Square Kilometres of forest has been deforested this year, an area about a fifth the size of wales orjust over 500 thousand football pitches. While deforestation mainly has been caused by illegal logging, mining and cattle farming, a new threat is posed by increasing demand for land for palm oil plantations. However the president of brazil, jair bolsonaro, believes other countries had overblown the situation. Translation the situation. At times, certain countries
Record. Manus it is daybreak europe. The words of the Vice President of the United States of america now open up a new salvo in the trade wars. Those words are the president has made it clear it is going to be very hard for us to do a deal with china. Geopolitics and human rights is the new escalation in trade wars. Nejra it is interesting, the timing of these two stories coming through both having an impact on the markets in terms of the hong kong bill and how that could have an impact on the negotiations. They are going to go back to that may template in terms of rolling back tariffs. We know how much hope there was ahead of that only to be thwarted later on. Highrises of the beijing. We have come here specifically to host some pretty good interviews. The roster is pretty high quality. It is the Bloomberg News Economy Forum. We will speak to the Standard Chartered ceo and the ubs group ceo. We are going to catch up with the Goldman Sachs chairman and ceo david solomon. The former whi
Climbed down. David both hong kong and Mainland China have come out in opposition of that senate bill which passed this morning, risk off as you can see here, 8 10 of 1 on the nikkei 225. Talking 25,000 for this one as well. China kospi down 1 , hind sang giving up about 230 points at the a sx 200 leading across the region, 1. 3 . Rishaad banks are under a lot of pressure. Also looking up what is going on elsewhere, other Asset Classes in play at the moment. The 10 year yield is unchanged in china, even as we got that caught. The 10 year yield is four basis points down in the u. S. It was only about a week ago we were talking and questioning whether we would get 2 . One thing adding a bit of negativity is the snp active afters, 3 10 of 1 lower a choppy session in the u. S. , retailers really dragging things down, the snp lower all of nasdaq did hit a record high. Cnh is to tenths of 1 lower. Su keenan has your update on first word news. u. K. Prime minister Boris Johnson Opposition Lea