Are signs the u. S. Outbreak is beginning to level off. Global stocks climb as the daily death toll declines in some epicenters. The virus takes its toll on the u. K. Forest johnson was taken to hospital for tests after 10 days of suffering with the coronavirus. The queen makes a rare address to comfort the public. The worldsk to biggest food company. Our interview with the nestle ceo and around 10 minutes time. Welcome to bloomberg surveillance. Im nejra cehic in london. We are seeing optimism. The stoxx 600 showing green on the screen. U. S. Futures, all higher by at least 4 . The 10 year yield had its lowest weekly close ever last week. Bank of america says we are poised to retest the record low with the 10 year yield moving higher, above a 60 handle in todays session. The dollar, giving up some gains, but it was on a fourday gain. The exception of the yen. Recovering after the weakness in the Asian Session and oil, weaker as we look ahead to this potential meeting on thursday betwe
170 points to the upside. Look at the nasdaq, up almost 7 right now. Again, we are keeping a close eye the dow. It could be the best day for the Dow Jones Industrials since 2008. We are on the markets for you. Liz is coming up, plus we are talking about wall street. They are rallying. Now the crisis. This coronavirus still has a big part of the economy shut down and we are shut in right now. Medley pharmacy is promising same day delivery of prescription drugs to anybody who needs them. Its cofounder will be here in a fox business exclusive. As china slowly gets back to business, the Footwear Industry is hoping to get back to churning out new products. We will talk to one industry exec about how the pandemic is actually punishing business. A lot of business is punished but this one in particular. You will want to hear about this. Plus, with gyms closed, your favorite classes are canceled. We will talk to the ceo of class pass about how he is helping shuttered studios and you can actuall
Watching for wild swings right here 10 year yields 0. 7 and thats pretty stable compared to where we were two days ago i checked that, whats the problem with the markets but theres a lot going on breaking overnight, this should have been somewhat helpful you would think. Bank of england announced emergency cut. Lowering the bank rate by 50 basis points to. 25 englands central bank also announced a new funding plan to support small and Medium Sized Companies as well as new steps to help commercial banks lend more well get a live report from london in just a couple of moments. Now an update onthe coronavirus. In the u. S. , confirmed cases have now topped 1,000. Want to get to meg now who joins us with the latest meg. Good morning, andrew, case counts drived to 119,000 overnight with almost 4,300 deaths among the hardest hit countries, italy, iran, and south korea and they tell dramatically different stories. Italy reported highest daily jump in deaths yesterday to more than 600 of more
Weve been in a 45 basis point range since yesterday, at 1. 90 now on the 10 year. In the final session, and some strength for the at 1. 3213 now. Its been a year of geopolitical volatility, and that is not changing on the final trading day. Lets turn to the turmoil in the middle east. Dozens of iraqi lsu men and supporters storming the u. S. Embassy complex in baghdad, venting their rage over deadly u. S. Airstrikes on a rainy and backed forces. On iranian backed forces. Joining us with more is kevin cirilli. It doesnt look like this is something that is going to go away very fast. What is the administrations response to the protests today . Kevin President Trump is at maralago and has been meeting with his National Security team, including secretary of state mike pompeo. President trump tweeting out that they are blaming iran for orchestrating that attack against the u. S. Embassy in iraq. Yesterday, i spoke with the Senior Advisor to secondary of state Mike Pompeo Brian hook, the u.
Philippines down quite substantially today, around 1. 4 . Not really feeling your sort of risk on mood we had several days ago as well. Not to mention in case you missed it, the tie chin pmi numbers a little soft. I mentioned dollaryen. Dollar, the loonie was actually under a lot of pressure. Dollar, dollar, dollar, canadian dollar. Pressure on friday given the move we have seen here. The aussie dollar dipping below your . 70 level. As promised, very quickly, have a look at brent which is now back above 70. You have gold pushing 1600 an ounce. The entire crude your futures curve, you can look at it almost by the hair from the floor on friday. The longer end, and the reason i am pointing, the longer end of your japanese bond market seeing a substantial lift and the move back into haven place. These. Track all of yvonne our top story, the fallout from the killing of a top Iranian Military commander is widening. Lawmakers have voted in iraq to expel american troops and iran says it will n