Lighten up in a bid to get people back to work. The concern here and why these indices are in the red is what if that brings about a surge in the case count. Lets look at what is happening in the broader asian markets outside of china. You can see the asiapacific index excluding japan. Japan is on hold today. Also in the red. S p, futures looking ahead. Under pressure on worries about what suppliers will be doing to supply chains. A lot of them are in south korea and that is now the focal point for the coronavirus outside of china. I want to bring to your attention at the top of the screen, the malaysia stock index. Some political turmoil, news coming out of the Prime Ministers office. Really weighing on malaysian equities, down to the lowest point since 2015. I want to bring your attention to the currency markets. Also want to point attention to the aussie dollar versus the yen. That is not just the currency to watch in asia, but the broader risk barometer. The aussie dollar can be a
From the scene with some answers. Ian. Reporter raj, theres a good update from on this property jut behind an auto body shop. That black smoke now turning to white. Our nbc bay area sky ranger was overhead earlier. You can see in that video some of the flames, an area burning that quickly upgraded this to as 4 alarm response. Firefighters dont know what sparked it, but its mostly tires and wooden pallets on fire. They had to shoot water from above and protect warehouses on both sides. They had to prevent the high wind as well. They say the wind is helping dissipate some of those chemicals burned in the tire, so air quality is not a concern. Luckily there are no injuries either. If we come back out here live, i spock with some employees here at thor four wholesale. They had to be evacuated. South 10 auto repair right where the smoke started, they had to evacuate themselves as well as some of their customers cars. They got most of them out, but not all. Theyre going to have to wait until
Loan prime rate by 10 minutes to 4. 05 percent in an effort to ease Lending Conditions as n. P. A. Now warns that banks face a surge of up to 1. 00 trillion dollars in bad loans but chinas banking regulator and nouns that it will allow the countrys lenders to raise the tolerance for bad debts during the outbreak bad loans created during the crisis should not be counted as nonperforming loans as factories were prevented from reopening and workers were quarantined at home. Now apple i phone maker foxconn is cautiously restarting production at its main plant in china and warned on revenue guidance plans and vietnam india and mexico will continue operating at full capacity with expansion plans underway as it seeks to minimize the impact of the virus and now to give us the latest on the macro impacts is Todd Horowitz chief stratus above the trading so but we know already that apple rescinded its march Quarter Sales guidance and that the i phone i will probably be delayed so do you expect th
Entire u. S. Workforce taking an unplanned 2 month vacation now in an effort to support the economy china added more stimulus via rate cuts major lenders reduced the one year loan prime rate by 10 bits to 4. 05 percent in an effort to ease Lending Conditions as n. P. A. Now warns that banks face a surge of up to 1. 00 trillion dollars in bad loans but chinas banking regulator and nouns that it will allow the countrys lenders to raise the tolerance for bad debts during the outbreak bad loans created during the crisis should not be counted as nonperforming loans as factories were prevented from reopening and workers were quarantined at home. Now apple i phone maker foxconn is cautiously restarting production at its main plant in china and warned on revenue guidance plans and vietnam india and mexico will continue operating at full capacity with expansion plans underway as it seeks to minimize the impact of the virus and now to give us the latest on the macro impact. Todd horowitz chief s
Most people think just stand out in this business you need to be the 1st one on top of the story or the person with the loudest voice of the biggest raid in truth to stand out of the News Business you just need as the right questions and the right answers. Question. This is the one business show you cant afford them and im christiane and im burning more in washington coming to toronto barack has taken a toll on china but how is the nation responding to the threat going to break it down. Huawei is back in the hot seat of the u. S. As the motive a major critic of Telecom Giant which topping i would visit in the country we look at the big picture. The full run in the credit markets a coin has taken a nosedive but whats the reason behind the slump well dig into the did what it means by the 2nd Going Forward. Today the less so and dive right in. U. S. And european markets slipped today as the number of coronavirus cases outside of china increased especially in south korea and japan research