News of the collapse in oil prices will take you now live to hong kong for the latest. On the corona virus is spreading rapidly inside some of the worlds most congested jails in the philippines. As coronavirus cases in the United States increase President Trump says hes now planning to suspend all immigration in a tweet he said it was necessary to stop the outbreak and protect american jobs trump previously suspended travel from europe china and other nations john hendren has more now from chicago and why trump may have announced the plan the way he did. The president issued this tweet in the dark of night and he seemed to do that for good reason he could have made his announcement at his daily News Conference where he talks about the coronavirus and all of the actions the administration is taking but by issuing this mysterious tweet late on a monday night he gets the morning news cycles where the newspapers d in the morning shows talking about what hes had to say and then in the after
The two handle for wti, the brutal level as the dollar continues to tread lower in the market. Guy . Guy long food, short travel seems to be the trend in europe. Like you in the United States, we are off our lows in your. We did not get the squeeze friday. The stoxx 600 is still down. Every single sector is negative territory. Health care, food and beverage, and basic resources, where we are seeing the least losses. Insurance, travel and leisure, construction are the biggest losses, another big selloff in the btp market in italy and we begin to see volatility pushing ever higher. We are off our lows on the day but european volatility shows no sign of letting up on the outside. Lets get back into one of the big stories weve been covering over the last hour. Proposed,an union has this coming from the European Union Commission President , a temporary restriction on nonessential travel to the European Union for 30 days. She informed g7 leaders of the band during a Conference Call earlier t
The aramco ipo will be a local event. The Worlds Largest oil company has decided it will not market shares to american, canadian, european, or japanese investors. Instead, they plan to rely on ultrarich saudis, most of which have impressed to buy shares. Regulationsosening to allow locals to buy more stock. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. 1 00 in new york,alysts in oves 6 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories from around the world we are following. U. S. Stocks in a range as investors weigh on trade update. President trump and secretary mnuchin meet with jay powell to talk about the u. S. Economy. Our conversation with u. K. Leader jeremy corbyn. How he plans to nationalize key industries, should he win the general election. And in o
Country in the history of the earth you are deemed as matter. For more information go to our website www. Studentcam. Org. Here to talk about security of the Global Oil Market is brian scheid, the oil news a Senior Editor for smp global plats, thank you for being here. Things or have any. Tell our viewers what exactly was struck in saudi arabia and how it impacted supply. About a week ago the oil market was in almost a general malaise over and over supply situation, there wasnt a lot happening with the crisis was very volatile market. Then saturday morning happened and there was an attack on the ad quick processing facility the largest in the world in saudi arabia and the crew raise field which is the second Largest Oil Field in saudi arabia there is still a lot of debate about what actually occurred during this attack and whos to blame, the u. S. Is already can blame on iran and we will see a lot more as that goes forward but what happened with prices was this knocked out 5. 7 Million
At the New York Stock Exchange you can say stocks are sinking you can say they are stinking, folks. Trade tensions in washington, eamon javers has the latest from the white house on trade and Steve Liesman is here to explain what is a yield curve inversion and why it has so many people so worried. Lets begin with mr. Pisani at the nyse it is weak Global Economic data remember, yield curve inversion is in effect, not a cause. The Global Economic data that is issue were seeing those sectors that would respond to that are the weakest, including retailers, energy, semiconductors, and industrials. Everything is down rather uniformly, anywhere between 2. 5 to 4 . A lot of emphasis on sectors that are already deep into correction territory, were talking more than 20 down from their recent highs and almost all of these are due to trade tensions, Global Growth and tariffs being the two big aspects of that. Pharmaceuticals is the one exception off the highs, a lot of separate issues dealing with