I feel like we are playing this exactly as we should. Ritika the Global Travel slow down sends shock waves around the aviation industry. I think the airlines will definitely fail. This is a huge amount of money the airlines are going to lose for 2020. Ritika in the u. S. Politics, super tuesday shakes up the race for the democratic president ial nomination. This was a big night for former Vice President joe biden who beat expectations. Ritika the u. S. Jobs report tops off a week brimming with data. The economic base is strong, the fundamentals of the economy is strong. Ritika plus an exclusive conversation with nissans ceo. He said job one is to listen and learn. Its important for me to know reallyrency, what is going on down to our employees. Ritika it is all straight ahead on bloomberg best. Ritika hello and welcome. Rupta. Tika give to, this is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world.
In europe, also watching what has been happening there, you will also see just like yesterday europe is down across the board. The biggest declines coming from france and london. The cac off 1. 6 among the big market themes, momentum stocks outperform, some momentum factor er, etf up on pace for the best ever launch since 2016 we are going to have a technical analysts on. I was distracted i asked the analyst whether it works like this with the outliar. They insist, no matter what, they did bounce off the level. The ones they mention. It hit exactly and bounced off it we have bleakly here lets say this, we manage 6 billion of assets. We want that to go up. It is risk management. We need p emto worry. We have a lot of them around today. Including me burgon county, the first presumptive case of coronavirus. Energy is in a bare market off from its high in april industrials also in correction territory. Gold on pace for its best performance. Looking at prices this morning, youll see they ar
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
Takeover bid by xerox saying it meaningfully undervalues hp. The ceo of hp will join me later this morning. Coronavirus fears hitting the Corporate Outlook and strategy southwest, apple, kroger, campbells among the Many Companies that are weighing in today. Well start with the futures, though, sharply lower amid this roller coaster week for stocks and wall street which saw the dow swing a thousand points or higher two times in the last three days, jim. Maybe were in for a couple of months of chop here . I think thats exactly right, carl yesterday was a very solid based on oversold relief rally the existential issue of whether a socialist would head the ticket a lot of people feel was finished because of the victory, multiple victories in states obviously by Vice President biden. But now were stuck with looking at earnings again and all that happens when you come in is you look at the 10year and then look at earnings it isnt like every company david, are you wearing those for the show i