And the corporate impact come up mastercard and United Airlines are the latest companies to warn that sales profits are getting hurt. Manus welcome to daybreak europe. Hedges. To hedge your the defensive positions traders have put on especially in the bond market are already being shaken to the core. The biggest oneday drop since 2016. . Hat is your hedge, and nejra nejra fish you ask yourself what caused this must don . We saw the biggest move down in global stocks, one of the biggest in 10 years. The gain in Global Equities for 2020 wiped out. That theabout the fact spread for the coronavirus outside china was causing concern, or did equity markets finally wake up to what the bond market was signaling, that that that the 30yearold yield plunging . Manus i think what are the best articles is from Goldman Sachs saying, another 25 basis points down in terms of yield. A really bad surprise would be 35 basis points. My line of choice in the bond story this morning is one punter spend 12wh
The safe haven bid comes off. The selling in the bond market is not as fierce as the buying and the equity market, something to keep note, as the 10 year yield rises 19 basis points. Crude getting back may be half of the losses from yesterday, up by about 10 . We will see. If that can hold. Time now for globe we will see if that can hold. Time now for global exchange. Our bloomberg voices are on the ground with this mornings top stories. We begin with the markets. Stocks stabilizing globally following the deepest equity route since the financial crisis. Joining me now with more is bloombergs dani burger. s p futures hitting their upper band limit, 5 . Here in europe, we see equities gaining about 4 . Yields gaining back. But given the scale of yesterdays losses, this is no ordinary day. Is this a dead cat bounce . Volume has been a touch light. Back. Not coming yields not coming back is fiercely, as you pointed out. Overnight, it looked like u. S. Futures were heading there to lower th
Weekly point loss ever this is a week of never befores and not since. Industrials falling nearly 4,000 points on the week this will also be the worst week, worst month, worst start to the year since the crisis in 08 and 09. Not since more than a decade ago have we had such a rough beginning. Then theres this. Rough lewly 95 is in correctio territory. Down 10 and nearly half of o the s p 500 is in a bear market situation off 20 . Kelly. Very good thank you. Welcome to power lunch, everyone our Team Coverage of this market sell off rolls on as the coronavirus fear and impact spread bob pisani is tracking the volatility today Rick Santelli is watching rates and bonds move lower, hes at the cme. Meg has the latest on the outbreak for us. Eamon javers is in d. C. With the administrations response and Steve Liesman is focusing on the feds next move. We begin with bob pisani were lookinging for signs of some kind of bottom, but its hard to come by. I want to show you the dow jonesville last t
Are, bernie. They are not with you. Amy two out of seven. That is the number of Democratic Candidates at last nights debate who are billionaires with Michael Bloomberg and at either end of the stage, frontrunner Bernie Sanders was at the center facing a barrage of criticism. Your hearing it tonight, the ideas im talking about are radical. They are not. In one form or another, they exist in countries all over the world. Amy we will speak with anand winnersdas, author of take all. Just wrote the billionaire election does the world belong to them or to us . We will also then go to columbia and charleston, South Carolina, for reaction. And we will look at billionaire Michael Bloomberg facing calls to release his tax records. I got into this race only 10 or 12 weeks ago. We have been working on our tax returns. We probably have another couple of weeks to go. We have complied with every single requirement for disclosure. And when i was mayor in new york, we had tax returns out 12 years in a
A controversial citizenship law in india. Thousands of people turned out to welcome the return of come on rooms Opposition Leader. And we take a look at 2 very personal films about how politics of an impact in far flung parts of the world. Welcome to the program the United States and south korea have indefinitely postponed joint military drills as a result of the corona Virus Outbreak Health Officials in south korea have also released new numbers of cases there pushing the total number of people infected to almost 1600 well in the middle east saudi arabia has announced its temporary holding visas for both the pilgrimage i am for people coming in from affected countries iraq has closed schools universities and banned public gatherings as well as flights from several countries qatar has over the evacuation of the. Tare and kuwaiti citizens from iran to the spread of infections there meanwhile in the u. S. President trump has appointed Vice President mike pence to lead the response agains