New expectations about how long the covid19 crisis may last given President Trumps comments yesterday along with anthony faucis. Well talk about that in a little bit take a look at treasury yields this morning lets show you where the tenyear note stands right about now. Youre looking at 0. 367. The story we probably tonight talk enough about these days, lets show you crude prices because they fell sharply overnight. Wti crude now trading at 20. 53 if that was the only story around, youd think that would have a huge impact on markets unto themselves. Meantime, an update on the outbreak cases confirmed in the u. S. Now topping 143,000, 2,500 deaths. New york is the epicenter right now with nearly 60,000 cases in the state. Another 13,000 cases in neighboring new jersey in new york city, construction is under way to build an Emergency Hospital this taking place inside central park right across the street from mt. Sinai workers from the organization samaritans purse has begun constructing
Between 5 and 7 . That kind of sets you up for your morning. Dollaryen, safe haven bid full in play. The yen and this was see the safe haven of choice. The long end of the curve taking more of that safe haven demand. Crude rolling over now. You have the virus, what is happening between opec and russia, and now a travel ban, which is going to destroyed jet fuel demand. Really taking it on the chin. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with all of this mornings top stories. We begin in washington, where President Trump suspended travel from europe for the next 30 days, effective friday at midnight. The been excludes the you could the ban excludes the u. K. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Alix joining me as kevin cir
Global pandemic. Lawmakers were told this week that the virus would continue to spread in this country and that the worst is yet to come. We will see more cases and things will get worse than they are right now. How much worse well get will depend on our ability to do two things, to contain the influx of people who are infected coming from the outside, and the ability to contain and mitigate within our own country. Bottom line, its going to get worse. Paul dr. Borio, the former director for medical and biodefense preparedness policy at the white house, a position she left in 2019. Welcome, doctor. Appreciate you coming in. Thank you. Paul lets talk first about testing. This is a big issue of contention. Where do we stand now on the availability of tests for the coronavirus . So, testing is just now becoming more available. In addition to the Public Health lab testing, academic labs are beginning to test. The good news is that some private Developers Already have tests authorized for us
Our schedules. Were also making sure the companies that are Good Companies stay solvent and have the money necessary to keep functioning. We have a lot of things were working on with Financial Markets and its going to work out fine you have to remember the stock market is much higher. Its taken a big hit its going to all bounce back and its going to bounce back at the right time when will you decide for the American Workers were deciding right now. Were dealing prior to even the stafford act were dealing with the democrats in congress. Well see what can be done i happen to think a payroll tax cut would be a very good idea. Very distributed to really distributes it very evenly among middle class and other workers it would be a great thing. I happen to think it would be a great thing beyond this. Were looking at the payroll tax cut and that wont come immediately because thats a stronger measure but we are looking to do that i think at the right Time Congress will probably go along with i
Protest against family side in the hope they can save other womens lives. And for men to go on trial in the hague in connection with the shooting down of Malaysia Airlines flight m. H. 7204298 people were killed when the plane was going down a new crash. Im sure welcome to the program. Global markets have dropped sharply on fears of a coronavirus epidemic is driving world economies towards recession leading european indexes a family made aliya opened with an eye on the rising number of cases on the continent and its a list of a quarantine measures germanys dax index dropped nearly 8 percent at the start of trading followed by the footsie 100. 00 in london which saw a similar plunge out of the gate both indexes have now recovered somewhat but remain down those losses follow a difficult day of trading in asia tokyos nikkei and x. Was more than up 5 percent at the end it was down more than 5 percent at the end of trading its biggest one day loss for 2 years crushing oil prices on monday h