Quickly after the crisis, as u. S. Jobless claims could hit in even bigger number than last week. And daily fatalities continue to rise in spain and the u. K. , as france proposes an economic rescue fund. Lets get the markets. Sixttle weakness in asia, a percent drop for the s p 500 over the last two days. Futures are positive, though, up over 1 , and european futures pretty much unchanged. Its difficult to look at fundamentals, for where equities go. A lot of people looking at technicals, saying there is a range we could fall into in the next few weeks. Is10 the 10year yield steady, but if we see a renewed selloff in equities could more money move into treasuries . The bloomberg dollar index is steady today with yen weakness. Have we found a floor on oil . We are bouncing back a little above 21 a barrel for wti. Now, a classified u. S. Intelligence report seen by bloomberg says china conceal the extent of the coronavirus outbreak within the country. U. S. Officials suggest beijing int
The overall death toll the coronavirus nears 50,000 globally. [indiscernible] 100,000 military body bags for civilian use. U. S. Officials say china concealed the extent of its outbreak, but futures rise in europe and in the u. S. After the worst drop for the s p 500 in two weeks. And President Trump voices optimism that russia and saudi arabia will end their oil spat soon. Brent and wti each jumped 5 or more. You can see here a 20 jump over the past three days. We are just under an hour away from the start of cash equity trading in europe. We will take a look at where futures are trading now. We have, in terms of european slighterder gains then we had in the u. S. If you look at the dow jones and s p 500, they are each up about 1. 5 in terms of futures, so bigger gains in the u. S. Picture , though further away from the open of cash equity trading. What does it look like on the gmm right now . Just had numbers come through on the u. K. House prices, i will come to that first. House pr
Assessment from u. S. Intelligence agency who assess that china has concealed the full, extent of outbreak of wuhan virus, and concealed and distorted their reporting of deaths there. And they produced numbers that are fictitious, result is the contagion unleashed from wuhan in Hubei Province in china, claims more lives than should have been lost. Infectious of thousands of people in world, that could are been far fewer. Dr. Deborah birx took aim at that lack of information from china. Claiming it severely hampered americas response. The medical community maiden temade interpreteds which chis serious but smaller than anyone expected. Because i think we were missing significant amount of the data. Now we see what happened to italy and to spain. Lou last night our colleague Tucker Carlson focused on a report aired by australia 60 minutes, asserts case that wuhan virus originated in one of two laboratories within the city of wu manwuhan. Tonight well examine the basis for the claims and w
Central governments state of Emergency Declaration for tokyo and six other prefectures. Officials want to reduce humantohuman contact by at least 70 , but tokyo authorities confirmed a large infection cluster over the weekend. 92 people linked to a hospital, including patients and staff, have tested positive for the virus. Translator the daily increase of infections is straining Public Health sectors. Another cluster infection occurred at a hospital in the central prefecture, with 16 people affected. The hospital has suspended operations and treatment for outpatients. Its also stopped accepting emergency patients. A Police Station in the western city of kobe has also been hit by the virus. Ten officers including the station chief and his deputy have tested positive. Some of the officers had attended a party at a pub in late march to welcome their new commanding officer. About 120 employees at the station are selfisolating at home. A secretary for a Ruling Party Lawmaker has become the
0. 769 a little lower than weve seen in weeks leading up to this. Joe, the most important thing youve said is it is friday. Is it friday . The days are all it has been months. And then again, it feels like one whole long day for the week. In this new bull market we are in we will see, hopefully. Three days im not saying that we are they make no sense anymore. I guess it is possible we could look back a year or two now and say, wow or as Paul Tudor Jones said. Are we opening he said we could probably see some new lows. We are still on the front edge of this horrible thing that will play out in new york and other cities hopefully not as bad as people thought. The coronavirus cases surging to nearly 86,000 passing italy and china and making america the site of the largiest outbreak. The death toll is nearing 1,300 in the u. S. So far those number doubling somewhere around every three days right about now, a little less. Lots of questions about other areas too now how this is playing out i