Markets i treasuries as well. The aussie 10 year yield down 16 basis points and money rush into the end. Oil in a bit of a freefall once again. Brent crude down more than 6. 5 . We areke below 20 and watching indonesia here in particular just coming online. The stock index drops re. 5 . Once again, we are seeing a lot of these em volatilities, back once again. We are watching the pboc after that interesting move to cut the seven day repo rate by 20 basis points so they are joining in on the stimulus ways. Lets get more on this with david ingles coming forward. We are watching u. S. Futures in particular continue to head lower. Lets start with the 7 billion injection into the system. I mean, quite a bit. David yes. A couple of things i guess to get out there. You dont normally see a reduction of this magnitude from the pboc. You also have to consider the fact that we know the economy is not doing well and in fact, the latest forecasts now suggest quarter on quarter, you take the median.
A 2nd and a run up the next hour on the way to what his backers are doing well right now while backing down from one of the nations biggest media conglomerates just got bigger were going to break down which company has now swallowed up Spanish Language Network Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a mega church about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting the virus its not clear how she became infected. Well now south korean officials have a
While backing down from one of the nations biggest media conglomerates just got bigger were going to break down which company has now swallowed up Spanish Language Network Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a megachurch about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting that virus its not clear how she became infected but now south korean officials have announced that they will test all 215000 members of that church south koreas number of confi
Organization is warning countries that the coronavirus is literally knocking at their door. And i said yeah they should you get i mean i just wanted out of my situation i was going to try to get assuming you dont go down the road what are you going to school but im going to do that you will have. The same people close and i generally find a city just you know that old saying are going to die already down towards the people who are going to get out of it if you do theres some of that sort. Of for his part President Trump is now asking congress for 2400000000. 00 to battle the coronavirus and to help coal markets the president says the u. S. Has its situation under control. I think its going to be under control and i think i can speak for our country for our country is. Under control but again we do business with a lot of other countries we take care we work with other countries who are in other countries to be happy healthy and well theyve got to be happy healthy and well its very simpl
Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a mega church about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting the virus its not clear how she became infected but now south korean officials have announced that they will test all 215000 members of that church south koreas number of confirmed infections has risen to 893 the largest number outside of china meanwhile iran is claiming that only 12 people have died from the virus. In that country that claim tho