Maria we want to get a check on Global Markets this morning. A lot of action, rally in europe as well as the u. S. Right now. Take a look at european indices, cac quarante up 72 and dax up 147 points. Euro zone purchasing managing index better than expected. The spread of the coronavirus is expected to cause weakness going forward. Remember, the outlook thats materially changing right now. We continue to see the numbers today pretty strong. In asian overnight markets are mostly higher. Take a look, the weak spot was hong kong. The others fractionally moving although korea was up 2 and a quarter percent. We do have more bad Economic News out of china. The service purchasing manager index slide to go record low overnight. February car sales plummeting 80 year over year. South korea announcing stimulus package to fight coronavirus. People are saying if he has to cut 50 basis points before meeting, what does he know that we dont know. Maybe its a lot worse that we thought, as a result the
Thats the anxiety indicator, if you like. This morning, the yield is back up to 1. 00 . Ashley back up. Stuart back up, thats right. Well above the extraordinary lows that we hit yesterday. That would be record lows that we did touch yesterday. 1 even on the tenyear treasury. How about the price of gold, another flight to safety. Actually its down again, off two bucks at 1641. Okay. The primaries. A great night for joe biden. He won nine states including texas. He now has more delegates than bernie. Sanders did win california, but late deciders swarmed to biden. Bernie might not have won california if the two million early voters had just waited. Bloomberg did very badly, only winning American Samoa. His campaign is quote, evaluating its future. One of my colleagues at fox said never had anyone spent so much to achieve so little. Elizabeth warren, ultimate disaster, third in her home state of massachusetts, fourth in her native state, oklahoma. It was joes night. Hes back as a contende
Kristina partsinevelos on floor of new york stock exchange. Blake burman live at white house. Phil flynn watching action of oil and gold. At cme. Bloomberg spoke to Campaign Supporters moments ago after suspending his white house bid. I have to hear more about that. Lets start with jackie though. Reporter good afternoon to you, melissa. Theyre breaking the stage down behind me. As Mike Bloomberg walked out, the crowd was chanting, michael get it done. What is ironic he was dropping out of the race. He tried to keep an upbeat energetic tone to invigorate and energize the crowd. He got choked up a couple times. He was definitely disappointed. He got in the race to defeat the president. That he wanted to get things done for the american people. He was going to continue to help do that. He said it was major accomplishment at the polls. Last night two Million People came out to vote for him. At the same time he is driven by numbers about, the math, data and the delegate math didnt add up. T
Super tuesday, a third of pledged delegates up for grabs today. This is former Vice President gets the backing of former opponents and Mike Bloomberg appears in the ballot for the first time. Plus this, the coronavirus in the United States, 6 people dead in washington state. We are taking a look, g7 vice ministers as economies hit around the world. President trump cutting for the Federal Reserve to cut Interest Rates as the virus spreads and slows down the economic story. First, focus on retail, target and kohls reporting this morning. Watch any impact on coronavirus. Mornings with maria is right now. Maria we will start with markets. We are hitting rock bottom levels after a 52week low yesterday, check out the yield at 1. 159 . This is extraordinary numbers here and probably will lead to an increase in lending and borrowing. We will take a look at the impact there in europe this morning, stocks following the u. S. On a rally this morning and hopes that Central Bank Action, the markets
A big rig in all westbound lanes. In is going to be a huge problem for one of the bay areas biggest commute. They have just issued an alert which means it is going to be there for a while. They dont know when it is going to reopen. Westbound 80. You might want to just if this is your commute, just get off the freeway and use side streets and get on the freeway after the san pablo. After that, it looks good. If you are in berkeley, this isnt going to affect you. Traffic is move ago long okay as we look at some of these commutes, the east bay commute is off to a good start with nothing major going on, and if you are driving to the bay bridge toll plaza, it should be nice and light for you. But again, that problem is going to be a big deal for peoplen driving in from richmond because of that crash. We do have a crew on the way. At 4 02, lets go back to the desk. Thanks to Hurricane Dorian as it continues its path toward the carolinas. As a category three storm, dorian is expected to move