Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
Erasing that bounce on the ism manufacturing 0. 25 for the s p 500. Twitter is better on the les stake. Colgatepalmolive doing pretty well. Surprised, but we got down as far as 1. 02 . We see that the twostens curve is at 28 basis points, wider than recently, because the front end of the curve is moving even more than the 10 year. We are seeing a little bounce for oil as well, but it is telling that even with the 2. 5 bounce, we are just below 46 a barrel. Guy here in europe, the german twoyear currently trading at 83. Another six basis points to the good. The bid at the front end, as you mentioned, absolutely being maintained at the moment. The bond market continuing to send scary signals about the appetite for risk. The dollar continues to suffer as well at the hands of the euro , now trading 1. 1132. The story last week was that this is the short story being removed, that this is the carry trade being removed. The market with the volatility we are seeing at the moment does not want
Heres a look at a man who has turned the chinese car industry upside down. Its a rags to riches tale the son of a rice farmer genies found early shoe food is chinas tenth richest man according to Forbes Magazine the fifty four year old started out with a refrigerator pants factory in the one nine hundred eighty s. Back then though the sector was strictly state run inevitably also richies shut these factories down but by then lee had already made a small fortune and so he simply switched industries producing first motor bikes and then cars as lee himself said all you needed for a car were four wheels and two sofas an insight that for several years reflected the quality of his vehicles but just two decades later he was selling around one point two million cars a year in china making it the nations knowledge as to independent car maker in two thousand and ten lead bought up struggling automaker volvo from ford even floored money into the swedish plants and then with Great Success brought
Shocked and its not the first time heres a look at a man who has turned the chinese car industry upside down. Its a rags to riches tale the son of a rice farmer genies found early shoe food is chinas tenth richest man according to Forbes Magazine the fifty four year old started out with a refrigerator pants factory in the one nine hundred eighty s. Back then though the sector was strictly state run inevitably also routines shut least factory down but by then lee had already made a small fortune and so he simply switched industries producing first motor bikes and then cars as lee himself said all you needed for a car were four wheels and two sofas an insight that for several years reflected the quality of his vehicles but just two decades later chile was selling around one point two million cars a year in china making it the nations knowledge is independent to come a car in two thousand and ten lead bought up struggling automaker volvo from ford he floored money into the swedish plants
Shocked and its not the first time heres a look at a man who has turned the chinese car industry upside down. Its a rags to riches tale the son of a rice farmer genies found early shoe food is chinas tenth richest man according to Forbes Magazine the fifty four year old started out with a refrigerated parts factory in the one nine hundred eighty s. Back then though the sector was strictly state run inevitably also richies shut these factories down but by then lee had already made a small fortune and so he simply switched industries producing first motor bikes and then cars as lee himself said all you needed for a car were four wheels and two sofas an insight that for several years reflected the quality of his vehicles but just two decades later chile was selling around one point two million cars a year in china making it the nations knowledge as to independence carmaker in two thousand and ten bought up struggling automaker volvo from ford he floored money into the swedish plants and t