Said the fed was justified cutting rates. It means asow what we look across assets, the dividend yield minus the 30 year bond yield, the spread between the two is the widest. That the 10 year today. Itting 106 earlier thanks im looking at crude oil as saudi arabia tries to force russia into deeper output cuts. This standoff is pretty unprecedented since the time the alliance was created. Saudi arabia may be willing to walk away if it doesnt get a positive response from russia. Thanrude oil is down more 24 this year. Thank you. Reporterh this is our and guest. We looked at the sectors, nowhere doing good. Are there that you would like tomorrow and in the future that you have your eye on . Given how stretched to the downside bond yields are, and if the news flow gets worse in the nearterm coming yields can go lower. There is some opportunity in the cyclical areas. Im not sure we are quite there yet. It doesnt mean we have to ,actor in prolonged recession but even if you take the microcos
Others its the only way to get a job despite the risks. Was an Army Bomb Disposal engineer in Helmand Province he knew the risks he was blinded in both eyes and lost a leg when a roadside device exploded as you try to defuse it i was aware of the danger of seeing friends wounded while working on mines i wasnt scared to lose an arm or a leg is a 2nd phase we have to make to serve this country. Im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems where inside a lab thats working to find a vaccine to fight the virus that Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have bee
Parents become the latest seem to be disrupted by the coronavirus as they came with strasburg is called off. Saudi arabia has reportedly arrested 2 senior members of the royal family the wall street journal says the crown prince muhammad bin nayef and the kings younger brother prince had been the lizzies all solid being held over an alleged coup attempts well just here as alexey obrien reports. The Saudi Crown Prince mohammed bin solomon has moved to consolidate power since removing his cousin mohammad deny a physical to the throne and 27 tane now 3 years on the knife is reportedly accused of trying to push out the crown prince and that seeing him and his brother detained as well as the saudi kings youngest brother ahmed bin abdulaziz there are some kinds of rumors and innuendoes that there is term or within the family in the form of criticism but that doesnt justify you know being arrested like criminals with mass Security Forces coming to their homes and yanking him out of their priv
Up it is march 12, 2020 and Worldwide Exchange begins right now. Announcer this is cnbc breaking news, market selloff good morning, im Courtney Reagan live at the marketsite in times square this morning. Stock futures set to extend the selloff take a look at futures dow jones indicated lower by more than 1,100, s p down 130 and nasdaq more than 82 points testing these limit down numbers where we have a mechanism in place to keep us from falling further. Yesterday, the dow lost 1,400 points to close in bear market territory. Down more than 20 the s p 500 just above bear market levels. If the s p hits 2,709, it will be the fastest drop on record. We are set to hit that level at the open the 10year level trading below 1 at 0. 39 . The 30year at 1. 2 . Oil falling and hovering around 31 down almost 5 it is really not just red in the u. S. , it is red across the board around the world asia and europe is lower you see the nikkei off by more than 1 . Ftse 100 off by 5. 5. And President Trump
Federal reserve launching even more emergency measures. This as the president vows the u. S. Will achieve, quote, total victory over the coronavirus, and says the new trillion dollar stimulus with 500 billion in cash headed to individuals, he thinks it may not be enough. We have news coming up on that. We have also got medical supply shortages hitting hospitals as across the country. Tonight, positive news on drug results to battle the outbreak. President trump today pushing to fast track a dom mon antimalaria drug, chloroquine saying it has shown encouraging results against the coronavirus. Watch this. A drug called chloroquine, and some people would add to it hydroxychloroquine, so chloroquine or hydroxychloroquine. This is a common malaria drug. It is known as a malaria drug and its been around for a long time and it is very powerful but this has been used in different forms, very powerful drug in different forms and its shown very encouraging, very, very encouraging early results.