President , Robert Kaplan. Why one person sees i think we can but it was one of commodity exposed risk currencies . Zach not necessarily. The main reasons why it was that is what we saw the first appropriate we take action this time around when the virus was week and why we are very opportunities. Treated by investors as a china lets check today on the carefully monitoring the shock. Situation. Monetary policy is not the lead something that was concentrated policy option in this situation. In china and therefore negative for commodity demand. We need Good Health Care now the virus shock has gone global. Street, down today, arresting western europe, north america, yesterdays gains. Policies, containment policies. Both dealing not only with the transportation index is it is possible fiscal policy spillovers from china but direct will play a role. Enough fair market. There may be forbearance effects from the coronavirus outbreak itself. Policies from a supervisory that makes the currency
Mr. President , thank you very much for coming today. I want to again thank you for your support of everything weve been doing in this obviously very important problem. First i would ask to have Francis Collins make a couple comments about the nih in general and then i will talk about some of the things you and i have been talking about for the past few weeks. Thank you. Welcome. Its wonderful to have you here. Even though we are in fact faced with a Serious Public Health situation we have a lot of people here working hard but are honored by the presence of the secretary. Starting over here the Deputy Director of the Vaccine Resource Center ancenter and that is whee right now. Next to him the frontline on the bench making this thing happen. You know doctor fauci of course and next to him, the director of the Vaccine Resource Center and next to him the principal Deputy Director of nih and we are all thrilled to have you here. I just want to say a word about nih because we havent had the
Countries. We are continuing to see the corporate fallout, we will get more details on airlines. Delta saying it is suspending u. S. To china flying routes through april 30. Asked theirsoft staff to work from home. Amazon as well. The longer it takes to test anybody, the greater the risk they will be spreading the disease. Mike pence saying most cases are mild and they have flulike symptoms. Compared to the tests the u. S. Have carried out, 2000 by the end of last week, compared to 140,000 in south korea. In the u. S. We are seeing 11. Lities rising to this is having a concerning impact on the markets. Lets get to the Market Action. Speaks,president pence we see markets accelerating losses. Now trading at the lowest level since september. The chinese equity come back facing a roadblock. Seng headedg hang for its lowest level of 2020, and s p 500 futures extending the trading session losses, closing down 3. 4 , now off 0. 8 . Earlier futures were moving higher as much as 0. 7 , so quite
Flag. It is like a stroll. Tom ok a greece update their. There. We will have other headlines coming out on it. We need to brief you on greece. We begin our top headlines with vonnie quinn. Vonnie i want to mention that earnings are out as well expected to be 1. 04. Creditors and Alexis Tsipras are negotiating a third bailout. More than three dozen members of his party abandoned him in the final vote. Tsipras warned that the rest of the bell talks will not be easy. Pm tsipras this hard negotiation process is not end here. After the approval of this last package, according to the deal of july 12, we are obliged to negotiate again with the same persistence and fashion in order to negotiate on the terms of the loan. Vonnie tsipras promise to try to approve the final bailout deal. Secretary of state john kerry goes to make his case for the iran deal. Kerry and other officials will testify before the Senate Foreign relations committee. Congress has 60 days to review the agreement. Obama said
From bloombergs u. S. And asian headquarters. Im Ramy Inocencio in new york just after 7 00 a am. Yvonne it is just after 7 00 p. M. In hong kong. Im yvonne man. The tech earnings this week will be the big focus with alphabet kicking things off. Ramy i was trying to get ahold of what was moving the markets today but there really wasnt anything but it was earnings. Well get to that in a little bit. Yvonne yeah. It was good it seemed like, in line with expectations at google earnings but just not enough to really convince investors to get too excited about given the run we have seen on the stock already. Lets look at how things are playing out in the asia pacific. It was the Oil Companies that were in focus and kind of offset in tech yesterday. Flat day so far. To australia things could get a little more interesting. Oil being a bump higher overnight with the saudis promising deep cuts to crude exports next month. Shipments capped at 6. 6 Million Barrels a day as we see more analysts say