Huge foreign dance weighing on its coronavirus hit economy. Also with Shopping Mall rental income plunging businesses reassessing office space all look at the pandemics Lasting Impact on commercial real estate. And in sports costa rica becomes the 1st country in the americas to resume their professional football league. And ever jetliner with almost 100 people on board has crashed into a crowded neighborhood near the airport in the coastal pakistani city of karachi there are at least 2 survivors from the plane pictures before sadly showing one man being carried away from the wreckage have been posted online its not known how many people were killed or injured on the ground pilot of the Pakistan International Airlines Plane was heard transmitting a mayday to the control tower shortly before the crash lets get the latest now from a whos in islamabad what more do we know. Just moments before that crashed in the residential area he had already informed the controller at karachi. Had indeed
Silicon valley chiefs head to the white house for talks that may lead to the easing of the sales blockade on huawei. Shery we will have more on that big tech meeting in washington and what this could mean for the huawei been later on Bloomberg Technology global link. First, that get you started with a quick check of how the markets closed the market session. A positive session for u. S. Stocks. We saw the s p 500 gain ground, up 3 10 of 1 . A couple of analysts calls, including one on apple, with Morgan Stanley boosting its price target. That actually made apple rally and the biggest winner on the nasdaq. Micron finishing more than 3 higher after Goldman Sachs listed it to buy from neutral. We also have some positive news on the u. S. China trade front. There could be talk about a potential deal in congress on raising the debt limit, that came after the market closed with President Trump saying a deal had been reached. We will have more details later in the show. Meantime, u. S. Ventur
Index take a look at where japan is. Up almost 2 . Perhaps the data clearing the way for gains in the stock market. At home it is about china. The pmi better than expected but contracting for five months in a row. Activity disrupted by the Lunar New Year holiday. Manufacturing stabilizing at 51. 4. It is about the npc right now. Expectations are so high. Will we see the bazooka that people are expecting . Will we see a policy pivot . What about the gdp target . Yvonne that is probably the single most important thing to watch according to our Bloomberg Economics analyst. Whether the growth target will be maintained at 5 and if that is the case, how will they deliver it . They will have to unleash more policy to reach those targets. Around 5 is what we are watching in terms of language. That is still a consensus. Is this going to spur a turnaround and continue the rally that we see in chinese equities . The npc tends to lift chinese equities. But it is a high bar. And the room for disapp
To tap into chinas 40 million on Offline Stores. With its new platform. Betty yvonne, no action here in the u. S. , of course because we are closed for the commemoration of Martin Luther king. Marketsties, the bond are all shot and the currency markets of course, continue to remain open. Shut for the day. It depends whether we will see a government shut down and how that will be priced into the equity markets when they open tomorrow morning. We are definitely watching commodities closely, and currencies, which continued to slide in the u. S. Dollar as well as well with five weeks of losses. Pretty remarkable, given that we are in a rate tightening timeframe here in the u. S. Area commodities, and currencies. We are watching those today. Yvonne yes, the dollar could be optimism for some of the asia traders here, but again, we are missing some fresh catalyst with the u. S. Markets closed. If we take a look at futures, it looks like we will be taking upons with the best we are looking at
Welcome to countdown, im caroline hyde. A happy friday if you are along the markets. The route continues, this selloff in the United States we sell stocks down or than 2 . The s p 500, more than half a trillion profits the worst in 18 months for the s p 500. The dow jones and nasdaq also falling. I want to check in on the world equity markets right now. I have on the terminal the allcountry world index, and over the last month, the slump extending. We are currently on track for the worst week in global stocks in nine months. We are up more than 3 on the week, more than 4 on the month. This is significant. We are seeing more than 2 trillion wiped off the equity market. Hong kong, taiwan, indonesia all on the cusp of bear markets. This is an excess of 20 of the low of the previous peak. Down more than 10 yesterday, not one single stock rose on the german scale. A phenomenal move, lets kick it out to asia. Juliet is standing by in hong kong. It is a volatile day out there. Juliet it certa