A good watch. Even. If the new neither you. Or you need to hold. Down the markets down 3 days in a row this is the one business show you cant afford to miss im been sworn and im christiane washington coming up markets are reacting as more than 80 people in new york are being quarantined over fears of a coronavirus we have a live report with markets stumbling what the near future looks like former u. S. Congressman ron paul will weigh yes and president from things to get a phase one trade deal done with india before the end of the. Here so what would that look like Richard Wolffe to break it down a lot to get through on this very busy day so lets get started. And we begin with the very latest on the coronavirus as around 2 pm eastern one wins the markets well here in the u. S. Once again after what looked like was going to be a rally that fall seem to correlate to news that a group of people in Nassau County new york have been voluntarily quarantined with about 83 of them being looked a
Been seeing a lot of industrials, energy companies, airlines, travel Companies Taking the brunt of the selling. Now it has spread to the leaders. 4 , then a little under worst day since october 28. I think that is one powell said neutral. All down more than 4 , basically the big laggards today. That is what you get. Scarlet the dow and s p negative on the year. Nasdaq Still Holding onto a gain of 2. 8 . Lets check in with our market reporters to say what they were monitoring. Abigail, get us started. Abigail i am thinking about the selloff we had on this day and putting it into the context of a chart we have looked at frequently, because it feels like it is from out of nowhere, but many the surface there have been indications we could see this action. This chart goes back to the beginning of the coronavirus outbreak as we were reporting on it. A little more than a month ago. In yellow is crude oil and copper is in pink. Both of those commodities down about 10 . At the lowest crude oil
Congressman ron holloway yes and president from thinks he can get a phase one trade deal done with india before the end of the year so what will that look like Richard Wolffe to break it down a lot to get to on this very busy day so lets get started. And we begin with the very latest on the coronavirus as around 2 pm eastern on wednesday markets fell here in the u. S. Once again after what looked like was going to be a rally that fall seem to correlate to news that a group of people in Nassau County new york have been voluntarily quarantined with about 83 of them being looked at for possible contamination from the coronavirus for the latest on that lets go to correspondent truly be child those who has the latest in new york at least 700 new york residents are under voluntary quarantine after returning from Mainland China this as the c. D. C. Is warning that the number of cases in the u. S. Is expected to grow. The vast majority of travelers deemed medium risk by new York State Health D
In services, we saw our first contraction, and that has put jitters into the market, not least of which, into the treasury market. We saw the 30 year yield hit a record low190 1. 90 and change. Guy this is what is happening in europe. Stocks are down. You are seeing around the world. The fear is definitely there when it comes to what is happening with the coronavirus. The data out of united states. Has comen tenyear back to unchanged right now. We are seeing a bigger reaction on the u. S. Curve, but curves are flattening, and that is a factor. The pmi data in europe was actually ok today. What you have seen as a result is the u. S. Pmi data has been a significant squeeze in eurodollar. Onedollar now trading at 1. 0854ight cents at now. Vonnie lets get to bloombergs Sophie Kamaruddin. She joins us from hong kong. What is the latest . What are authorities telling their citizens . Sophie we saw some revisions upward. Hubei province upping its count for the past two days, increasing confir
Partly cloudy. The pressures still high. Its been high for about six weeks. No fog, its just high clouds. 30s, 40s and 50s on the temps. We will have a cloudy to mostly cloudy day. It looks like temperatures will be staying above average again here. Sals here. I know there was a couple issues. Things are better. If you are driving westbound. Weve seen traffic do well through pinole and richmond there have been no major problems approaching the privilege. You can see at the bay bridge toll plaza were getting a crowd. The democrats running for president are back on the campaign trail today after some heated exchanges during their debate in las vegas last night. Carry lien Caroline Shively joins us. Very few of these candidates can unite. And that is one goal taking down this guy. Id like to talk about who were running against. A billionaire who calls women fat broads and horsefaced lesbians. And im not talking about donald trump. Im talking about Mike Bloomberg. Mike bloomberg joined his