Ahead of the Conference Call to the g7, leaders, a lot of focus will be on whether they will step in with coordinated action or words to assuage the markets. Ahead of that, markets are rising. The stock europe 600, 4 and the that saw a lot of losses because of the epicenter in europe still in italy, up today. The dax up. S p futures, gains across the board. A caveat. Yesterday, we saw similar gains and they peter off as the day went on. Today, there is expectation from g7 and that the fed will possibly step in. Lets get to the bloomberg first word news in new york city with Viviana Hurtado. With an update on the coronavirus. Governments around the world preparing for emergency measures to fight the outbreak. Drugmakers hope to have antiviral treatments ready within the month and vaccines by next year. Of cases number worldwide, topping 90,000 but reports suggest over half those people have now recovered or have been released from the hospital. Central bank, it has cut rates and signals
Im nejra cehic. Still seeing a little reaction from the fomc meeting. Ive got the stoxx 600. We were seeing stronger gains. It softened a little bit. We are still up 0. 2 . Stronger dollar against most major peers. Bloomberg dollar index up 0. 1 . It did gain more than that in yesterdays session. The 10year yield rising two basis points. We are at 2. 27 . Pretty steady right now. Also keeping an eye on crude oil. We are a little lower in todays session. 50. 52 dollars a barrel. Weve also got breaking news for you. Leaving its key rate unchanged at 0. 5 . Lets get the bloomberg first word news. Sebastian the bank of japan kept its monetary stimulus unchanged, but a dovish board member opposes the decision. He argued there was little chance of reaching the banks inflation target and the effects of the current yield curve program werent strong enough. That was an unexpected dissension on a board chosen by Prime Minister shinzo abe. The u. S. Secretary of state has told european allies the
Others say reform must come quicker. Betty Chinese Markets coming back online. If have others like japan offline today. We are washing for reaction to the jobs report on friday. It was really quite interesting. You continue to see for the first time, you saw the equity markets little bit unsure of how to read the jobs report. Wage growth surprising many economists. I want to pull a chart that shows you how disjointed the treasuries market has been from the equities market. 6076. As you know, equity markets have been on a record run, it seems like stock investors believe the economy is Getting Better for Interest Rate hikes. If you look at the bond markets, yields are in the tightest range since the 1960s. They have been that way the last three quarters. It has to make you wonder, what exactly is worrying the Bond Investors . Yvonne what is being priced in at the moment . We spoke with bill gross on friday about the jobs report. We have been here before. We really have not been able to
Caroline at incwe want to get perspective, tom. We want to get the idea that this extraordinary Volatility Oil prices, stocks following eike a lost puppy will we se what is happening in the markets reflect on the overall economy . The eu cutting growth figures for gdp that is a market d circumstance. Tom im bringing in vonnie quinn before she does the news. It really shows the growth tension. Vonnie and the inflation forecast, cut by half. That is a huge move. Also assuming brent crude at 35. 80 per barrel, down from 42. 50 per barrel. Tom and this set that up perfectly this morning. We will look at the bank of england, announcements coming out, and David Rosenberg will join us in the next hour. He is adamant that deflation fears are overdone. Right now we need to check up with the news. Vonnie the euro strengthening. Days after they began the syrian peace talks, geneva has been suspended. Againste major progress rebel held areas, backed by russian airstrikes. Says syria talks will res
Wireless carriers . Welcome back to countdown. Coming up on todays show, and exclusive interview. Khailamcorder kospi mi talks. Ovsky there is a 50 chance that putins empire will be overthrown in 10 years. The likelihood of success in the next decade is about 25 . So lets bring you first to our top story from sydney, where hostages are being held in a cafe in the heart of the citys financial district. Five have now escaped from the scene. T, Prime Minister tony abbott has just been saying in the last few minutes that the gunman is claiming political motivation. That is the first comment we have had from authorities in australia. What is motivating this siege at the moment . Absolutely. Prime minister abbott did indicate that earlier in the day, that it could have been motivation. The latest we have had is that the gunman has made contact with quite a few media outlets. Some of the National Television stations and also some of the radio stations. They are all claiming that he has asked