G7 leaders hold a teleconference today to discuss the response to the outbreak, but anything short of a coordinated call for stimulus could be negative for stocks. European companies feeling the impact, as bmw confirms a case at its r d facility in munich. And, super tuesday in the u. S. The race for the democratic nomination for president tightens. Andwith Buttigieg Klobuchar gone, which candidate benefits most . Lets take a look at futures. We have gains in europe, but after the huge drops we saw last the, they pale, and after big 5 gains in the u. S. Yesterday they really pale in comparison. Surely up almost 1 , but everything rides on the g7 Conference Call and what it concludes is coordinated action. Anna u. S. Futures looking more muted, as you can see, but in the last half hour or so a little uptick again in u. Ds. Futures, which is interesting. They pulled back, on the earlier report saying the g7 statement would stop short of detailing any fiscal and monetary measures. Lets lo
Ahead of the Conference Call to the g7, leaders, a lot of focus will be on whether they will step in with coordinated action or words to assuage the markets. Ahead of that, markets are rising. The stock europe 600, 4 and the that saw a lot of losses because of the epicenter in europe still in italy, up today. The dax up. S p futures, gains across the board. A caveat. Yesterday, we saw similar gains and they peter off as the day went on. Today, there is expectation from g7 and that the fed will possibly step in. Lets get to the bloomberg first word news in new york city with Viviana Hurtado. With an update on the coronavirus. Governments around the world preparing for emergency measures to fight the outbreak. Drugmakers hope to have antiviral treatments ready within the month and vaccines by next year. Of cases number worldwide, topping 90,000 but reports suggest over half those people have now recovered or have been released from the hospital. Central bank, it has cut rates and signals
Where the dow sank and its 5. 9 percent and then 8. 4 percent and its the the best thing to watch this play out and in other words, it makes sense but only for a few days before the market loses interest. Consider for weeks the market despises and then they were low. The market hated them and they were over sold and kept ongoing down and down. And out of nowhere a couple of things happened and then things that determined the stock prices suddenly changed the view from bear stock to bullish in the blink of an eye. For starters General Electric for a one two punch and got the endorsement of a famous investor and the only one of his kind if you followed him, youd bead the market even if you bout the position after it was announced and after it spiked and he got involved buying a ton of stock. Last friday ge reporter had no flies and thats up. That was the signal that theres now an appetite for these, and theyre getting more more months. Since then we have seen you United Technology and th
For books and 11 articles later, we know each other very well. I want to start by paying tribute to the Corporate Leaders in this group. The task force has grown from 775 companies of last five nine years. We grew from being a very modest products to being a Global Think Tank which said really change tell week received of talent. Her many accomplishments over last years, the publications, the 250 knew best, none of this could have been done without your courage, conviction, commitment. Thank you. And i also want to particularly point out the companies that were so important in the sponsorship book. I mean, not only do these 12 companies, you know, help us create the funds to create that dated to make the case, but they have put on the ground initiatives which demonstrate conclusively that sponsorships can crack those ceilings. And in particular, i think at American Express, the word the initial. So jennifer, the same story. It is wonderful to have you. I cannot stop my thinking is with