Bring a malaria drug to u. S. Patients. Global equities make gains amidst tentative signs of Risk Appetite. Surges as President Trump says he may intervene in the price war. Welcome to a daybreak europe. We have seen 30 Central Banks cutting rates this week. 1. 5 trillion dollars of fiscal stimulus pledged worldwide. We have started to see stability in the market. Asian equities, excluding japan. Yesterday, we did not see limit up, limit down circuit breakers. In fact, we saw a little green on the screen, futures are dead flat. We have not yet broken the christmas low. European futures are firmly in the green and darl are dollar weakness is the focus. The fed starts dollar swap lines with nine more Central Banks and concerns around the lockdown pushed the dollar lower. Most beaten up currencies are catching a little bit of a bid. Oil record search yesterday as President Trump says he may intervene. Gold is higher and catching a bid, heading for its first backtoback weekly loss since se
Will have issues producing energy so lets go out and buy 10 billion or 20 billion worth of oishlgs fil, fill up the res. The oil market has nothing to do with the coronavirus other than theres just a lot less demand at this point. But youre right, unprecedented issues. Maria yeah. No surprise, russia would pile on just in the middle of a crisis for the United States and say im not going to cut production. Secretary mnuchin, a pleasure to have you. Thanks very much for the clarity. We appreciate it. Thanks, maria. Great to be with you. Maria see you soon. Secretary mnuchin. We cut into varneys time. Stu, my sincere apologies. Varney Company Begins right now. Have a great day, everybody. Stuart good morning, maria. Good morning, everyone. If i may just say very quickly, the key sentence to me from listening to secretary mnuchin was we will destroy this virus and the economy will come roaring back. We will go back to a normal world. Good morning, everyone. Lets get going on the program. A
As the stock plummets 11 and is now at just 10. 35, american is also offering voluntary buyouts to employees. That leads to this question. Are we looking at a Global Travel depression . The ceos of hilton, United Airlines and Royal Caribbean cruise lines all sit on the board of one Organization Called the world travel and Tourism Council. The ceo of that council is live in a fox business exclusive from london, where the famed tube, londons underground subway, is now closing down stations. Will london lock down and what does the future hold for travel . Despite americas troubles, the markets are bouncing back from yesterdays selloff. Weve got another volatile session. At one point, down 721 points at the low, the dow has now swung more than 1200 points, currently we see gains of 237 points. The s p climbing higher by 30. The nasdaq is up 254. Plus we are going to speak to the nations largest Medical Transport company about how it is preparing to move coronavirus patients from one place
Offers not just rides, but health care, payments, hotel booking, plane tickets and more. We met up with anthony tan in seattle, washington where they set up a new office to grab some of americas top tech talents. Joining me today on studio 1. 0, anthony tan and hoo ling tan, cofounders of grab. Lets start at the beginning. You met at Harvard Business school. How did you two find each other . The first year we were in Business School we were in different classes. The only times we met was when we were looking for asian food. It was only the second year we got to know each other because we both serendipitously took the same course called business at the base of the pyramid. Over that semester i discovered , this is the hardest working guy very and i was so glad he sat next to me because i was constantly looking at his notes. She did not do homework. She copied my homework. Emily are you ok with him saying that . It is the truth. Everyone knows that. [laughter] emily you came from a big a
Such a streak. U. S. Equities close at 1 00 eastern. Road map begins with the santa rally. Nasdaq with nine consecutive record closes, longest streak since 1998. Retailers bracing for that last minute rush on this final shopping day before christmas. But Delivery Companies also under pressure from the late push. And weworks cofounder may have big reasons to smile this Holiday Season a report says his 1. 6 billion exit package could get sweeter well fill you in. With markets in record territory, investors are in a better mood. The 2018 Christmas Eve period saw the dow tumble 653 points. S p down 27. Nasdaq 140 drop. Since then, those stocks have surged the nasdaq leading the major indices with a 44 gain since then we forget, december 26 we came in the day after christmas, and the dow and the s p rallied 5 it was wild a year ago. I remember vividly sitting on Christmas Eve, watching this show and i probably shouldnt have been doing that on Christmas Eve. I was, and it was plungingsinki t