We will talk about the potential threats to National Security. No refunds. Airlines may be refunding customers, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the Global Economy as the coronavirus widens. Italy went into lockdown and u. S. Virus cases spiked. The dow jones entered a bear market wednesday, the s p tumbling into their market into bear market territory after President Trump announced a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. That talkedch, about how much companies would lose on the downturn and uber and lyft shares fell on the reality that customers are sheltering in place. Wednesday i asked Wedbush Securities dan ives for his take on the volatility. Dan you need to put goal post around in terms of demand. When i look at the core names, a lot of t
President trump has yet to detail any stimulus plans to stem a potential economic slowdown. Big tech names also feeling the pain. Uber and lyft plummeting amid concerns Everyone Wants to shelter in place. Lets get straight to Abigail Doolittle in new york. Give us the big picture on the pain. Abigail truly a brutal day for markets in the u. S. And frankly, around the world on these coronavirus fears, what the impact will be on the global economy, especially now it is being called a pandemic. Before we know the true scope in the u. S. , look at the decline for the major averages. Dow in a their market. S p 500 flirting with that territory. Investors want out of stocks. They get they cannot take the risk. Finished downy slightly at one point higher. That could do with the fact that they are offering around stimulus, something we are waiting for more details on later today. Lets go into the bloomberg terminal and look at what is happening right now for global growth. 4 e are the china dow
Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
Welcome to the program its 2300. 00 g. M. T. And a ceasefire brokered by russia and turkey and syria is no them in the province seems to be holding for now at least the breakthrough was reached after 6 hours of talks between russias president Vladimir Putin and his turkish counterpart reza typer the one in moscow the 2 back opposing sides of the syrian conflict well theyve agreed to establish a 12 kilometer wide Security Code all along it lives and for highway which connects the government stronghold of the takia with syrias largest city aleppo have also agreed in a joint patrol along that motorway later this month when a Syrian Government offensive in libyas pushed nearly a 1000000 civilians towards turkeys border and its not clear how and when theyll be able to return to their homes. Steps and begins our coverage now from moscow it was clear from the start that this was going to be a tough meeting the partnership between put an end to one which was carefully nurtured in the past appe