Tweet me jimkraim he were worst day since the crash of 87, the dow at the lowest close in two years no s p plummeting 9. 8 , nasdaq 12. 32 , a truly sickening day with a horrendous last hour. Its finally dawning on people were in a real crisis here. Ive been telling you this pandemic could be real bad news for stocks, since i came back from the super bowl we were underestimating the coming outbreak send us into i want to say a recession, because i think that its pretty obvious that thats kind of where were going. People did underestimate the coming outbreak and as far as im concerned it really isnt one of the situations where we can just ride it out we have to think about it. We have to figure out what to do we have to work together, and ive got some ideas, theyre not simple ideas theyre ideas involving opportunity, theyre ideas involving what i regard as being lets just say some things that happen that are good when the market goes down, but were not ready yet. First, lets talk about
Number. Dont forget yields at 2. 46. A tear, and crude a little bit down but still above the 61 level. David emma chandra is here with first word news. Emma thank you. North korea has agreed for the first talks with south korea in years. The Winter Olympics are being hosted by south korea in february. North korea has assigned a delegation to the games. Environment to ask the trump thenistrations fight trump administrations plans for offshore drilling. The Obama Administration gave up on drilling rights. In the u. K. , productivity rose in the Fourth Quarter by the most in more than six years. Still, british products is barely higher than 10 years ago. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am emma chandra. This is bloomberg. David. David thank you so much. Time now for our daybreak first take. First up is of course a jobs day. Second, continuing the new year tear, and third, the chip program has affected apple. Alix joini
Days. The eurodollar slightly weaker, that uptrend to seems to have been broken with a stronger dollar over g10 with the exception of the yen. Its a buy treasury single after the big selloff we saw yesterday and goldman doubling down on bullish commodity bets. I want to take a quick check on the safety Asset Classes. I mentioned dollaryen, portugal if you want to take on risk, go to portugal. The yield there is down by eight basis points with a lot of buying going across the curve over in europe and the vix at 29. Gold is up by four dollars now. The vix at 29 feels like the different world. David people werent buying gold. Alix gold is really liquid, its not surprising saw some selling if you needed to get liquidity. You covered gold, back and forward. , the new york fed president space of the European Chamber of commerce in new york city at 10 30, crude Oil Inventory data will be released and 21st century fox and tesla both post earnings, coming up today. Terms the first take, the sto
Its a take over tuesday. Weve got a lot of deals to tell you about, and were going to break them all down for you. Finally this morning, apples big event is tomorrow. Were looking ahead to what infectors should expect, but stocks are set to open higher after the u. S. Added 151,000 jobs in august, investors still aer watching the fed, in anticipation of the september meeting and donald trump speaking out on rates in ohio yesterday and sounding quite different from an interview he did on squawk box back in may. Heres those comments what he said a couple months ago. Ive always been a lowInterest Rate person. If inflation comes in and we dont see any signs of that, but inflation starts coming in, thats a different story, then you have to go up and slow things down. But right now, im if for low Interest Rates and i think we keep them low and we have to compete. Theyre keeping the rates artificially low so the economy doesnt go down so obama can say he did a good job. We have a false econom
I am proud to be here today with you. Commoncoming here to eight with the session before our annual banquet in a few hours. Thank you all for being here with us. I would like to introduce the cofounder and president to kickoff the Unconventional Convention and banquet for the day. [applause] in the name of god most gracious and merciful. Thank you for joining us. I hope you plan on staying with us for the banquet tonight. It is our 15th annual. We started these events shortly go. But we are growing. Will see tonight hopefully how the impact has become a National Voice on some of these issues. Tonight in today this convention has is celebrating our shared humanity. And what a timely topic. Because, it is our shared humanity that will help us overcome the ideology of hate. Whether that hate is manifest in the form of International Terrorism or in the form of xenophobia and hate crimes domestically. We need to have a united front. Along both lines. And people have been asking us since the