Plus his new shocking comments about cuba. Mondays february 24th fbn a. M. Start right now. All right were with off welcome to fbn am good morning to you at home im Lauren Simonetti had. Busy monday good morning everyone im cheryl casone. Lets get right to it here money this morning with humbling more than 2. 4 across the board as dow tanking 712 point 2. 4 and s p 500 down, and nasdaq is down 3 this morning down 279. Were seeing big moves in oil right now, theres a lot of pressure on crude this morning this is over concerns about a global chick slowdown think about Oil Consumption in china in particular right now were seeing oil down more than three and a half percent opposite story for gold, though, seeing that that is right to safety and looking for a safe place to go up two and a quarter percent. Seeing that with a tenure treasury yield as well tumbled to lowest level since july 2016, very, very close it all time hoes as concerns about Global Economic impact of the virus driving in
Being reported in the countrys financial and Business Capital of milan Major International events such as milans fashion week are scaled back all cancelled outright schools and universities are closed and passengers on International Trains out of milan are being tested for the virus the epicenter of the outbreak is lumbered the authorities there have put several towns under quarantine affecting some 50000. 00 people stocks in milan and in front for chits 3 percent and the latest coronavirus p s. A some Silver Lining on the business horizon comes from germany 0 institute the latest Business Climate index for february came in at 96 point one percent thats better than expected and for more im joined now by professor t. Mo of almost was a senior economist at the center for macro economics and service good to have you with us please tell me how is this better than expected business and cement fit in with the current coronavirus. Yeah thats true it was a bit of surprise this morning when we
People have stopped coming to the market. Im worried about the fact that theyre disinfecting the place. In the beginning i thought everything would be ok but now im very worried. And its not just south koreas traditional markets that are suffering Financial Markets have also been shaken by the weekends rapid rise in cases souls main kaspi index fell almost 4 percent on monday the south korean government has responded to the Health Threat by declaring its highest alert level serious its also planning drastic measures to cope with the financial impact. For one in addition to swiftly deploying the Emergency Fund set aside the government will consider the drafting of a supplementary budget have to coordinating with parliament. The discovery of a case of coronaviruses Samsung Smartphone factory in the city of gumi forced the Electronics Major to announce the closure of the facility some of its employees have placed themselves under voluntary quarantine. Meanwhile Many South Koreans have bee
Place we may think our Water Supplies will last forever. But to play when the rainstorm. Starts march 20th on t. W. Meaning more. On this edition of world stories. Europe rescue in the mediterranean. Russia mothers fight political persecution but we start out in germany after the right wing racist murders in one hour the city is struggling to come to terms with what happened at the same time they fear a new attacks. It was meant to be a quiet evening with friends and the favorite she. But the head of it turned into a night of horror. I was there really early maybe 6 or half past 6 we just wanted to smoke a pipe and then go home but another friend came along and suggested we stay to watch a Champions League match at half time the door to the cafe opened and the shooting began after a few minutes the gunman left and hena turned to his friend said that. For the. I tried to leave i tapped him 2 or 3 times and said lets go then i looked up and saw the blood coming out of his head and is. At
A problem for traders here. I think about 40 to 50 percent of elderly people have stopped coming to the market. Im worried about the fact that theyre disinfecting the place. In the beginning i thought everything would be ok now im very worried. And its not just south koreas traditional markets that are suffering Financial Markets have also been shaken by the weekends rapid rise in cases souls main kaspi index fell almost 4 percent on monday the south korean government has responded to the Health Threat by declaring its highest alert level serious its also planning drastic measures to cope with the financial impact. For one in addition to swiftly deploying the emergency funds set aside the government will consider the drafting of a supplementary budget have to coordinating with parliament. The discovery of a case of coronaviruses. Samsung smartphone factory in the city of gumi forced the Electronics Major to announce the closure of the facility some of its employees have placed themselv