Now, latest numbers. The house is preparing to vote on multiple dollar package. What you need to know coming up. The nba suspending season, suspending season until further notice. March madness to be played without fans. Selloff extending across the globe. European markets deep in the red followed by travel announcement by President Trump. 1. 7 . Cac quarante down 258 and dax in germany lower by 588. Almost 6 . Italy tightening lockdown even further allowing Grocery Stores and pharmacies to stay open. The European Central bank out with latest Rate Decision this morning. We will have that for you as soon as it hits the tape. Investors are looking for news of stimulus to battle the Economic Impact of coronavirus. In asia red across the board. The shanghai composite down 1 and a half percent but japan worst performer down 4 and a half percent. Lets check Interest Rates right now. We are talking about a decline of 15 and a half basis points on the 10year yield now sitting at. 718 . This, t
Session, not necessarily getting worse. We want to go to global exchange. We are going to bring you todays market moving news from all around the world, from hong kong to riyadh and london, to new delhi, washington and new york. We want to begin with the markets, the overarching story of that russian to safety. Lowestfalling to the since 2016. Joining me is bloombergs dani burger. Walk us through some of the big ones. Dani today is really a day of superlatives. 2016,the lowest since gold jumping to a 2013 hi. 2013 high. As evercore strategists put this, we are in a new phase of the coronavirus outbreak. That is going to give us this kneejerk, gut punch reaction in market. Credit default swaps in europe jumping the most in two years. When you look at both of those see thestoxx 600, you ftse made down, and europe has become the epicenter of the outbreak. That means markets are already very sensitive. These are high beta markets as they stand because of the economic weakness. A lot of wha
The Global Supply chain factor. Early facebook investor Roger Mcnamee joins us for what the virus means longterm for Companies Like apple and tesla. Paul, dramatic day for the markets and elsewhere. Why are you following . Paul tuesday trading day in asia, i guess the question is, to far is this stone going think . A drop asoking for well, about 2. 5 . Nikkei futures, big hit, 4 . South korea had one of its worst days and 17 years on monday. Japan of course playing catchup because monday was a Public Holiday. Take a look at currencies. The aussie dollar hit the yard over the past 24 hours. Currently just hanging on above . 66. The aussie 10 year continuing to slump toward historic lows. Of red. Uyh a lot in the u. S. , stocks tumbled. Three benchmarks slumped. Good to Abigail Doolittle lets get to Abigail Doolittle in new york. Abigail the markets selling off in a big way. Here in the u. S. , a three day slide. This is the worst of those three days. Friday, the disappointing pmi number
Premiers of the peoples republic of china. Pres. Trump thank you very much. We greatly appreciate your joining us at this white house event. This is a very important and remarkable occasion. Today, we take a momentous step. One that has never been taken before with china, toward a future affair and reciprocal trade, as we sign phase one of the historic trade deal between the United States and china. Together, we are righting the wrongs of the past and delivering a future of Economic Justice and security. For American Workers, farmers and families. I want to think the chinese president , who is watching as we speak. I will be going over to china in the not to double or distant future to reciprocate. , a very goodnk him friend of mine. We are representing if and countries. He is representing china. I am representing the u. S. We developed an incredible relationship. I want to thank him for his cooperation drought this complex process. Our negotiations were tough on us. Open and respect a
He is the governor of iowa. He said dont say bad about china. So i had to rip up about half of my speech, right . I said why . We do a lot of business. Etf been dealing with china for 35 years with corn and all the Different Things and he told me a story that is amazing. 35 years ago when i started, i met a man named xi. He wasnt president then. He was a young man. The governor came back and he told his wife and it is documented, i just met the future president of china and nobody thought much about it. And you know what . 28 years later, you turned out to be right, you have been an incredible ambassador and they like each other so much. When it came time to pick the important position of ambassador, i said havent you had enough of 24 years being governor of iowa . He said if you want me to do that. Thank you very much, ambassador. I appreciate it. Another great job. [applause] nobody could have done that job better. Man i could go on the opposite side of the spectrum from the governor