Good friday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at post 9 of the new york stock exchange. Jon fortt has the day off. Weve cut our losses in half since the open, although oil is approaching below 42 know v now as the opec meeting continues. Well begin with the mornings markets, the dow falling again but well off the lows, down about 380 points. Mark mahane knjoins us live alo with mark just in the internet space, the fact that so many investors are trying to game out what the impact here of covid19 could actually be on the sector. How are you gauging, how are you assessing risk versus reward within your coverage okay. We had a pretty significant data point this week. We had the ceo or the cfo of Companies Like uber, lyft, and Google Alphabet all present at an Investor Conference this week i think what we heard from all of them is not yet a Material Impact lyft said they were seeing a small positive impact because people were leaving Public Transport
On the borders. And in sport step curry makes his long awaited return to be a scoring 23. 00 points for the Golden State Warriors and his 1st game for money. From asia to the middle east and europe coronavirus is forcing governments to further time in their restrictions this friday and in some places it is even raising tensions between countries we will take you through all the Global Developments shortly but lets start with a global picture covert 19 as it is officially known is tracked by the Johns Hopkins university in the United States using figures from the World Health Organization and the headline figure this hour is that 100055 confirmed infections from corona virus worldwide that milestone passed just in the last hour or so by the official numbers driven not by all of this in china and asia obviously that is where the main number of infections but it is new infections in other parts of the world here through the middle east iran and also of course through europe as well the fo
We start with black friday. The annual shopping binge after the thanksgiving holiday is now a global phenomenon, with retailers around the world offering discounts on everything from Kitchen Appliances to tvs to clothing. But its also becoming the focus of concerns about the environmental cost of consumerism. Spending in the us, the home of black friday, is forecast to hit more than 29 billion over the next four days. Theres an added incentive this year us retailers want to do as much business as possible ahead of a new 15 import tax due to hit chinese made goods later this month. It would affect 160 billion worth of goods, including popular gifts like smartphones, toys and clothes. Dont expect the frantic scenes in the shops of black fridays past though its increasingly being done online. Thats where more than three quarters of us are looking for bargains here in the uk, according to pwc, and the trend is the same around europe and the us. But are more of us growing uncomfortable with
Winds pick up a little little more in the way of play but it does stay dry the west of whether it will remain across eastern parts of india down into the south with more very heavy right for a good part as for lanka through the remainder of the week. Notice there we really dont believe the 2 state solution the do you still believe in the 2 state solution we listen what i said was the park just on the would never start a war im anti war we meet with global news makers and talk about the stories that matter 0. Thank. You watching aljazeera lets take a look at the top stories right now the European Union has agreed to give britain until the end of january to approve Prime Minister Boris Johnsons reichs a deal with mr believe in 3 days time but m. P. s forced johnson to request another delay to give them more time to scrutinize his deal. Letters in argentina have elected a new leader amid a worsening economic crisis president raise your mockery conceded defeat to center left candidate Albe
Just just one final question and im almost dan. If theres another hung parliaments and then with joy and then majority then how many more extensions can the European Union give the u. K. Do you think so if england ever get bricks it done i mean are under article 50 this is the sort of part of the treaty has been negotiating there is no limit on how many extensions the u. K. While still in the e. U. Might give i mean thats a legal position obviously the political question is bigger than that the moister gets a point and say look you just cant make up your mind so we dont want to give you any more time for the same time if the u. K. Is all straight the e. U. Doesnt want to be responsible for x. And it will in no deal would also impact the you so its quite difficult to say but i think that a lot of people both on both sides of the channel so you want more and more extensions they want it to get sorted thank you ever so much for your time so i know weve said this about a 1000 times over th