Many expect to more in the first half of the year. Time now for global exchange. We are going to bring your todays market moving news from all around the world. From hong kong to new york to washington, or bloomberg voices are on the ground with this mornings top stories. Coronavirus cases around the world are over 93,000. Joining me now is yvonne man, and with some data to go with it that is not so supportive. Yvonne right. South korea now topping 5600 cases. The government there now seeking 9. 1 billion to help businesses. We have seen surging cases in italy and iran. Rate for this is now at 3. 4 . We also saw in the u. S. , reporting its ninth death, and china, more signs of containment. We saw the number of total cases have topped 80,000. We also learned of 15,000 that dischargedred and from the hospital. China come of the total death toll now at 2981. We saw car sales out of Mainland China falling a record 80 as this virus keeps shoppers away, and you see more pressure added to th
Meaning less demand for oil. Meanwhile similar story in bond market, yield on 10year treasury below 4 tenths of a percent overnight. Now we are staying right under and it is down 28 basis points. Again, another indication of a recession at hand. The 30year following 1 for the first time in history. The 30year bond, the yield there at. 883 . Thats down 40 basis points this morning. Global markets reacting to all of this this morning in the stock market. Deep selloff in europe. The cac quarante down 335 points. That is 6 and a half percent and dax index in germany lower by 672. Overnight in asia across the board. Chinese experts tumbled in the month of january, more signs of trouble in japan as well. First quarter gdp lower in japan showing the economy contracted 7. 1 from the previous quarter. Thats a sharp contraction in japan. This on top of the Coronavirus Crisis, cases in the United States and abroad are growing. The white house looking into emergency measures. Overseas italy report
So that an explosion has hit a convoy carrying sudans Prime Minister and what the government has described as an assassination attempt adela was traveling through called to when there was a roadside blast the vehicle he was in was damaged as well as several others government says it was a targeted attack investigations are underway to try the term in who thats responsible. For that was that ill be the Prime Minister and the convoy members were not injured they are all safe except one person who fell from about a cycle of the Prime Minister is doing his job now from his office and investigations underway we know that there are people who are trying to target the revolution of the sudanese people and to attack the gains of the revolutionaries but we stress that revolution is going on at the revolution will continue its path. Lets speak to him organise life in khartoum what more do you have for us. Well at the moment what we know is what we heard from the Government Spokesperson the minis
Record highs were only ten days ago. I continue the watch bond yields as yields sink so do stocks. As yields come off their lows stocks follow. What are you watching. When you look at internals, technicals, he is with aed on every measure of being shortterm oversold we had already checked those boxing going into today then today thing got worse it was a lesson for investors and traders that oversold doesnt mean the coast is clear. You can always get more oversold what is interesting right now, the s p at its low today down more than 10 . In five days thats only happened four times in history, 2011, 2015, and during the. Com bubble and burst and during the great financial crisis this is very extreme activity. On that point, to your point, bespoke today points out, to understand the magnitude of the drop and the swiftness in which we have seen it if the s p 500 today closes below 3,547. 53 today, tomorrow, or monday, it will be the fastest 10 decline from the alltime high from the s p 50
Road map begins with records, records and more records the dow within striking distance of 29k for the first time. Plus hiring did cool in december but unemployment is at a 50year low and job gains extended for a record ten straight years, so whats it going to mean for the growth in 2020 plus these damning documents newly revealed boeing messages reveal efforts to manipulate 737 max regulators todays december payrolls number means 2. 1 million jobs were added last year, a slowdown from about 2. 7 million in 2018, coming in at 2. 9 year on year threemonth average, jim, 184 now and we got some milder visions down to october and november one of the things thats missing that makes this difficult for me is boeing boeing is such a big part of the gdp and i dont know which part, manufacturing little changed in december, how much that is boeing because everything has to be asterisked i think thats how big boeing is for the economy. It doesnt reflect this. I mean, youve got the wrong areas gett