Colombian capital bogota. Michael local its good to have you with us the coronavirus is paralyzing countries across the world but in china where the outbreak originated life is very slowly starting to return to a normal pace this morning though the entire nation came to a standstill for 3 minutes as people there mourn the more than 3000 lives lost in the pandemic. At half staff throughout the country. Cars ships and trains run at their horns as air raid sirens wailed for 3 minutes they forced to remember the people who have died all over china during the coronavirus pandemic according to official numbers more than 3300 lives were lost in mainland china. In one hand alone the capital of where province at the epicenter of the outbreak some 2500 people have died. Why rush during the moment of silence i felt so. You could hear everyone was choking with sobs. I mourned for the big crisis china has faced what happened to these people was a very unfortunate we should mourn for them when liang
We are going to go through a very tough two weeks and then hopefully as the experts are predicting, as i think a lot of us are predicting after having studied it so hard, we will start seeing real light at the end of the tunnel but this will be a very painful, very very painful two weeks. Stuart the president s top medical advisers project a death toll in america of up to 240,000. Everyone is now paying attention. Now weve got to focus what will likely be the worst Economic News coming at us in generations. Millions of people will not be paying their rent this month. How will that ripple through . Millions of people have just been laid off. New unemployment claims coming out tomorrow will again show millions added to the jobless list. The airlines, they are reporting passenger traffic levels down 88 in two weeks. And Mortgage Applications down 24 from last year. The market, of course, reflects these new uncertainties. The dow dropped over 400 yesterday and this morning, its likely to o
But barely holding it together a warning from japans interior minister as a surging cases builds pressure for a nationwide lockdown. France germany and the u. K. Sent medical aid to iran under a trade mechanism designed to avoid u. S. Sanctions. A strain has recorded its worst single day death toll so far with 849 fatalities within the past 24 hours now this is the 4th day in a row the spain has recorded more than 800 deaths and it brings the total number of those whove died to 8100. 00 spain is the 2nd worst hit country in europe after italy. Lets go to martha editor is joining us live now from madrid and martha this is a terribly grim milestone isnt that weve seen a consistent level of of increasingly high numbers of deaths but the numbers of people who are becoming info infected with covert 19 is actually flattening out am i right. Yes youre right that i think so those give us a little bit of a break for those terrible figures that were released today 94000 of people infected by cor
Cooperman taking on trump over the Federal Reserve in times of crisis Worldwide Exchange begins right now. Good morning and welcome to the show im dominic chu. Announcer to Brian Sullivan. With me the entire hour, peter bookfar wiright now stock futur indicate what could be a nice open to the upside, about 175 points within the last hour we were up 400 to 500 points implied. Well see if that moves. The Dow Jones Futures have been going from losses all the way to gains. At one point we had a range of 1100 its been a volatile, possibly preshadowing the market. Tenyear government yields we gone down to 1. 0 3 year, setting the record twoyear treasury notes, 1. 2 . The session low for americanbased crude is 43. You can see 45. 53 the last trade there. We have seen a bit of a downside move in the last hour or two lets watch whats happening a rebound in under way, in asia and europe as well as investors hope for action from global Central Banks around the coronavirus. Matt taylor is in singa
And infections surge around the world with outbreaks and 65 countries. Withe a 50 jump in cases 34 people know dead. Well, what a day. Take a look at markets right now. Lets start with bonds. Were going to take a look at the aussie three year, hitting a record low at. 35 . The aussie 10 year, pretty weak. The new zealand 10 year also slipping. Were seeing yields on bonds falling to levels previously unseen. Barrel. Ude 49 a wti is below 45 a barrel. Lets check in on currencies. Dollargot the kiwi trading like this. Coming in betterthanexpected , 2. 6 . But this predates the coronaVirus Outbreak. Weve seen exports rise in new zealand to 1. 7 . The yen was a big mover, strengthening 3 against the u. S. Dollar. That trend looking to continue. A 54ussie dollar has handle, and that happened after we got those absolutely shocking pmi numbers out of china for february. So, hows that setting us up for Equities Trading around the region today . New zealand up and running and off 3. 2 . We have