Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
One famous wall street name. We will get the very latest from the white house. And the daytona 500 overshadowed by a final lap crash that sent ryan newman to the hospital right there. There goes his car. Also sent denny hamlin to victory lane. The man of the hour himself will join us in moments on his second straight victory in the Great American race. Incredible stuff. Less than an hour now to the closing bell, im Ashley Webster in for liz claman. Lets start the claman countdown. Ashley all right. We have this fox business alert. The jury has just returned from recess during day one of deliberations in the Harvey Weinstein case. The jury made up of seven men, five women. Weinstein is accused by two women of rape and criminal sexual acts. Weinstein also facing two aggravating counts which could keep him in prison for life and of course, we will bring you all the latest developments in this case if the jury returns a verdict. Thats going on right now. Well, as the markets search for dir
One luxury auto make is soaring. Robots and the latest in meats, the latest from ces 2020 as Worldwide Exchange begins right now. Good morning welcome to the show. Im dominic chu in for Brian Sullivan we begin this morning with wall streets massive 200point turn around this time lapse is crazy to watch. That huge turn around midday stock futures looking to add to the gains as investors put that middle east tension in the Rearview Mirror for now. The bond market showing signs of life 10year note about 1. 814 . Twoyear as well in the asia trade, can you see generally green screen all across the board there the nikkei in japan. Over half percent gains out in main land china. The spin of the globe now. We are seeing that green carry over in trading. The cac in france up the ftse up and the german dax up almost one full percent as well going to rahel with more this morning. American airlines has reached a settlement with boeing over the grounding of the 737 max it will receive compensation
We shall start with the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stand, one nation under god, with liberty and justice for a all. Item two, role call. role call . The standard rules will be applied to include Public Comment restricted to three minutes. Ill recognize commissioner cas irirkcasiado to make a statemen. Thank you to darlene for a members issues, one of our elderly members called in and said that he was having trouble finding his sister, checking on her wellbeing. Staff routed that phone call to me and we were able to fe get te Police Department and Fire Department to respond. His elderly sister was found on the floor next to her bed with a broken hip. To make a long story short, had she laid there another 24 hours, she would not be with us but she in the hospital recovering. So i want to thank staff for their attention to duty and Quick Response and the family is very, very, very pleased. But the
Oh, the 429 in cash, how much is equitized . Anna . 250. Working off of your division chart of placements, not counting the fellowship vacancies the box underneath seniorsenior portfolio it says management assistant is that an Investment Officer or what . That title is correct. So thats the classification jay may want to speak to. But that is karens former title and karen is doing work that is akin in most every respect to a security analyst and she does have other duties. Shes not been fulltime in private credit. But the plan is that in the longterm, is that she will be fully dedicated to private credit but that has not been her sole responsibility thus far. Its a personal matter we shouldnt be talking about but i can say she is, bill has indicated, transitioned from the Administration Team and now pretty much predominantly has been through time working with eunice on the investment team. And so this is an interim classification under the citys Civil Service commission. I didnt know a