On in the session. And italy. Greece you can see that at the bottom of the screen. 54 basis points for the ecb. Significantly as well today, we have seen the fed extending the swap lines. I think this is really important because this dollar squeeze is right at the center of the market turmoil we are seeing at the moment, so we see had extended to countries like norway. Maybe not much of a movement today, but that is still up or down by 1. 7 versus the u. S. Dollar. Fall, buttinue to 0. 5 given the scale of some of the moves we have seen recently, i think we will call that well within the margin of error. Alix lets stay focused on Central Banks. They are taking dramatic action to stem the fallout from the coronavirus. The fed launched a program to support money market funds, and in europe, the ecb launched an emergency buying program with 820 billion. This morning we have new swap facilities for Central Banks in australia, brazil, south korea, mexico, etc. Paul donovan, ubs global chief
To prevent theng coronavirus from coming back to where it first erected. The spread of the disease is stabilizing in much of asia following a huge outbreak in china and sizable ones in south korea and japan. Those three countries have tightened border controls. China faced an equivalent shortage a few weeks ago and is now donating supplies to italy, iran, and south korea. China reporting just eight new cases of the virus in the previous 24 hours. A month ago, the daily figure was in the thousands. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Amanda live in toronto, im amanda lang. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories we are following from around the world. States of alarm. President trump expected to officially labeled a pandemic a National
Risk to growth, goldman warning this morning that a further spreading of the virus or widespreading of it could completely wipe out corporate growth this year. On the sidelines why Toll Brothers ceo tells jim the next few weeks are critical for the Housing Market so the number to watch is going to be 361 today. If the dow falls by that amountiamount the blue chips will hit correction territory last night at the president s News Conference about containing the virus, eamon javers asked if Financial Markets are overreacting heres how the president responded. I think the Financial Markets are very upset when they look at the democrat candidates standing on that stage making fools out of themselves and they say if we ever have a president like this. Did it have to do with the coronavirus . I think it did, i think it did. But i think you can add quite a bit of selloff to what theyre seeing. How much of that explains today, jim i think that the most overshadowing thing is what happened right
Accompanied by the vice premier of the peoples republic of china. Thank you very much. We greatly appreciate you joining us at this white house event. It is very important and remarkable location. Today we take a momentous ste step, one that has never been taken before toward a future fair and reciprocal trade phase one of the historic trade deal between the United States and china. Together we are righting the wrongs of the past to deliver Economic Justice and security for American Workers and farmers and families. Want to thank president xi who was watching as we speak and i will be going over to china in the not too distant future to reciprocate. I want to thank president xi was a very very good friend of mine. We are representing different countries. He represents china i representing the us, but we have developed an incredible relationship if i want to thank him for his cooperation and partnership throughout this complex process. Our negotiations were tough and respectful leading
That have won every election theyve been in are the women. More before the votes are cast in iowa. Winter storm warning. A dangerous system begins its crosscountry march. Al has new information on the timing and where the snow and ice is headed. All that, plus, tough questions. How on earth did a delta flight dump fuel over multiple schools in los angeles . My head was hurting first. But then my eye itched. How the kids are doing and the investigation ahead. The afterlife. Duchess meghans first appearance in public since leaving the royal family. And who is the g. O. A. T. . The greatest of all time. Ken jennings takes the title on jeopardy s ultimate showdown. Today, wednesday, january 15th, 2020. Announcer from nbc news, this is today with Savannah Guthrie and hoda kotb, live from studio a 1a in rockefeller plaz. Hi, everybody. Good morning. Welcome to today. Nice to have you with us on a wednesday morning. We want to get right to what is going to be a very big day in politics. After