1380. Of the reported cases, medical staff being infected. More than 1700 have been infected with the virus as of february 11 as hospitals are grappling to treat the upright with short supplies. In beijing, we are seeing local media reporting that people returning to the city have been instructed to go on home court for 14 days to be observed. This is a human tragedy. At the same time there economic repercussions. What are the supply chain consequences . Sophie the Fiat Chrysler decision to halt at a serbian plant, that due to the shortage of parts from china. That is another example of the knock on effect of the Global Supply chain. That follows on the likes of renaud and g. M. Operations being affected. We are seeing a slow restart of operations. Power demand not picking up as was hoped for after the government called on companies to quicken the pace of reopening at their plant. We do have that in focus. David really appreciate all of your reporting from hong kong. That is sophie kam
Moving news from all around the world from frankfurt, to london, taiwan, our bloomberg two iowa, our bloomberg voices are on the ground. Commodities leading the charge for the quarter. Here for more is bloombergs sonali basak. Income net interest coming in above analyst expectations is a great thing for bank of america because it shows the bank is doing what a bank should do. That is loan growing, deposits growing. Investment banking mergers and acquisition fell short than expectations, but we are seeing that across the board. We want to see confidence among corporate clients now that we know consumers are holding steady. Alix what were some of the worries through the quarter . Sonali the expenses were up, but bank of america was a costcutting story. Something we are hearing from all of the banks is the propensity to keep investing because the cycle is getting competitive at this moment. Alix thank you very much. Now i want to go to the latest on trade. President trump is ready to sign
Wanting that big walgreens boost buyout. Article one of the worst performers. 500 gaining in that late rally over the last 20 minutes or so. Pushing into the green. All three indexes are up by at least 1 . The nasdaq leading the way. Lets check in with our reporters across the different Asset Classes to see what theyve been monitoring as we head towards the close. Get us started. Euros downook at the on the day but also going into its second weekly decline, that is hitting the lowest point since 2017. Positive on the day. Thats declining with weekly decline is crucial. Some analysts worrying maybe this could be a signal of the year hitting parity with the dollar with something we havent seen really coming off concerns around Economic Growth in europe but also some ecb easing. The key is going into next week which that data suggests we will watch the Consumer Confidence data as well as manufacturing pmis. Was tracking gold prices and coronavirus concerns are sending gold Prices Higher.
Estimates by about 0. 30. Revenue was also better than estimated, and they see revenue up, so that stock jumping in the premarket. Time now for global exchange, where we bring you todays market moving news from around the world. From hong kong to brussels, des moines, iowa and new york, our bloomberg forces are on the ground with the latest top stories. Chinese growth and imports beat expectations. With us from hong kong is in the curran. Is enda walk us through the numbers. Numbers. Ty good a couple of factors behind these good trade numbers, sentiment was much better in the month of december and late last year in advance of the trade agreement that is going to be signed this week. There was an element of front running of the orders because in Chinese New Year falls january. A base effect gives the numbers a bit of a polish, but also importantly, china found new markets even as it suffered from tariffs on its goods going into , and even into europe. Nd Southeast Asia total chinese exp
The twostens spread is up 31 basis today. Been a while since weve been that wide on the spread. A far cry from the negative numbers we saw earlier in the year. A little bit of weakness today for the british pound. We are waiting for Boris Johnson to speak to lawmakers in parliament. Has gotten several upgrades. There are still some analysts cautious about the fundamentals, but generally, that type of a gooddata is seen as outlook. In europe, we are seeing a mixed bag with carmakers again, kind of in trouble today. They are dragging down the dax. We also have a couple of french carmakers lower after the deal with fiat yesterday. We will get into Boris Johnsons plans in a few minutes. The stoxx europe is all told, flat. At 22 basisield points right now. That is the most positive we have seen it in negative territory for quite some months. Later this hour, we will be watching Prime Minister Boris Johnson speaking in parliament after laying out his legislative priorities earlier, with a fo