Provide new for the quarter. Hsbc says 35,000 jobs will go after full profit misses expectations falling 33 italy sampalo getting rolling. Sending shares in the smaller rival up over 20 . The European Competition commissioner tells cnbc she had constructive talks with Mark Zuckerberg there is a change in tone a lot realize there is change needed not in detail. I think that is left for us. Good morning, everyone our number one top story today is about apple apple shares are sinking in frankfurt after the tech titan made a shart warning it does not expect to meet quarterly expectations the supply of iphones will be temporarily limited worldwide. Apple forecasted record revenues it has failed to provide a new revenue forecast, however. Shares in apple suppliers are sharply lower off the back of the downgraded guidance. You can see down almost 5 on the news big ripple effects were seen here you can see the broader complex down 3 to 5 this morning huge knock off effects having an impact let
To get to on this very busy day lets get started. And we begin with another bloody day for wall street down another 1000 points and yes we have now seen the worst week for markets since the 2008 financial crisis wiping out as christy just said 5 trillion dollars from Global Markets im going to say it again wiping out 5 trillion dollars in one week were going to break down Global Markets and the horrific week they just had in just a minute but 1st lets get you caught up on the very latest with the corona virus which of course is blamed as the catalyst for all of this so here are the latest numbers more than 83000 people and at least 53 countries have been infected and of those more than 2800 have died outside of china the largest number of deaths is in iran at 34 where that country has seen a huge jump in infections to ron had already canceled friday prayers at the capitals of 23 of irans 31 provinces u. S. Secretary of state might bump aoe says that the u. S. Has. Offered to assist ira
A 2nd and a run up the next hour on the way to what his backers are doing well right now while backing down from one of the nations biggest media conglomerates just got bigger were going to break down which company has now swallowed up Spanish Language Network Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a mega church about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting the virus its not clear how she became infected. Well now south korean officials have a
While backing down from one of the nations biggest media conglomerates just got bigger were going to break down which company has now swallowed up Spanish Language Network Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a megachurch about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting that virus its not clear how she became infected but now south korean officials have announced that they will test all 215000 members of that church south koreas number of confi
At 1. 08. The unstoppable market as investors digest the details of that china trade deal. Stocks ready to open on new records. Southwest is pulling the boeing 737 max until june. Airlines are digging in for more delays. And shares of Morgan Stanley before the bell. They posted record profit and revenue in 2019. Stocks looking to make more history a day after the dow closes above 29k for the first time and the president signs that phase one deal with china the s p on its way to the seventh weekly gain in eighth. Total holiday, exauto and gas up 44. Names like target might have been an execution issue. Yeah, i have to say that. I just dont find any other excuse i do think that Brian Cornell pretty much said, listen, we screwed up other people, other stores kid better that aggregate number is so much stronger than anything you saw from target. I have to believe they went to walmart, best buy or costco but they sure didnt go to target. Were going to get more earnings as we shift from the