Our apologies to the half. Lets get to the judge messages of hope can bleed into this program any time thats a certainty its good to have all of you with us today as our breaking coverage continues with the market now stocks surging again today after historying actions by the federal reserve. Just about a 500point gain. Just shy of that just shy of 2 for the dow theres the nasdaq shy of 1 and the russell with a gain of 4 . Are we too far from the lows to turn back now or is this a simple bear market bounce that is likely to reverse josh brown, i turn to you first. We have regained 50 of the losses, where does this take us from here . What does all of this tell us now . Well. At first you would say we are now 28 off the low which is is extremely respectable and historically there have not been very many bear market rallies that have been carried this far. That is incredible just extraordinary after an almost 30 bounce, less than a fifth of the market is back in an up trend. Look at the
Correction territory, the dow has to be down at least 361 points. We are down 766. The nasdaq has to be down 145. We are already down on the nasdaq at this moment by significant 276. And the s p has to lose a minimum of 68 points. S p right now down 87. Goldman sachs now believes that American Companies will see zero Earnings Growth this year if the coronavirus becomes more widespread than it already is. Backing up goldmans call, a slew of companies revealing new warnings about how the deadly outbreak could hurt their businesses. Countdown bringing out all the big guns for this final hour of trade. The head of the Worlds Largest derivatives and futures Trading Platform is here. Cme Group Chairman and ceo terry duffy on managing risk and how he plans to keep his exchanges running if coronavirus balloons in chicago. And Guggenheim Partners cofounder and global cio scott minerd here live. The best places to hide your money if the virus gains the power to trigger an earnings or Even Econom
Buying, whether in europe or here in the u. S. Yields down by two basis points. Crude off by 0. 1 . Stabilization there as well. Time for the global exchange, where we bring you todays market moving news from all around the world. Joining us from hong kong is , fromly is karen le london, emma chandra, and reporter, and in washington, bloombergs Michael Mckee. In hong kong, reports say the enact ant is said to emergency ordinance. More. Leigh has karen this would give the government wider powers to make arrests more widely. This is something that would be a major escalation by the government if it does happen. It is purported to be happening tomorrow by news outlets here. It comes after a protester was shot for the first time tuesday, a major escalation in the violence we have seen in recent months. This is something that has people questioning whether or protests, oralm whether it was fuel anger at the government and bring more people onto the streets to keep this going for a longer ti
And then march, things normalized. Francine welcome to bloomberg surveillance, good morning if you are watching from the u. S. And europe, good afternoon if you are watching from asia. Westminster, ahead of the knowts, the u. K. Will soon who the next Prime Minister is around midday. Pound. Ity in european stocks off but investors are breaking for a busy earning season. U. S. Corporate earnings potential developments, trade negotiations and oil stabilizing after recent gains. Hour, we will speak to the new leader of the liberal democrats at 9 30 a. M. London time. Here is viviana hurtado. European governments putting together a Naval Mission to provide safe passage through the persian gulf after iran seized a tanker last week. Jeremy hunt warns escalations will mean more Royal Navy Ships in the area. Let us be absolutely clear, on the international law, iran has no right to obstruct the her, itassage or board was therefore an active state piracy. Foreign hasns defended the move, saying
So i do not support this motion. I think we have to act with urgency. I think it is high time we have an oversight body for a department that has ever expanding budget. Ironically, it was the mayor who didnt support prop c because she said there wasnt enough oversight over the department. So how all of us are not supporting this department right now is absolutely beyond me. So i would encourage all of my colleagues to not support the motion to delay this to march and to act with the urgency that our constituents demand and deserve. President yee supervisor mandelman . Supervisor mandelman thank you, president yee. I want to echo thanks to supervisor haney for the leadership youve provided on a number of issues, and particularly on the sea wall Navigation Center. I think that was a courageous act and the leadership that you provided there is something i think everyone in city hall should be grateful for. I would be grateful for more time on this, this commission. And although again with