That, you see some famous sites of new york as it passed through the statue of liberty sailing into lower manhattan. World trade center in background of one of these sites, brings up memory this ship has been here before. Three days after 9 11 it helped out with first spenders then. It is back for a second go around. You have 12 operating rooms. 700 beds put into circulation right away. Mayor de blasio speaking, talking about new york has been asking for help and now the help has arrived. Heres the mayor. I cant tell you how much this means. It is so much more than even we realized at this moment, that our nation has heard our plea for help here in new york city and there could not be a better example of all of america pulling for new york city than the arrival of the usns comfort. Some major, major moment in this long battle. Connell mayor de blasio thanking by name both President Trump and defense secretary mark esper in participate of his remarks. You see numbers. New york needs hel
Italy overtakes china as the country with the most coronavirus deaths in the world. Gains in france and spain. Removing the red tape in america. President trump says he is working to speed up approval for treatments as teva rushes to bring a malaria drug to patients. California orders its residents to stay home. Rush hour refuses to submit to saudi arabias Oil Production plan. The kremlin sees riyadhs move as blackmail. Is there more turmoil ahead . Just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures. We are seeing some decent gains in european futures, Even Stronger than what we see in the u. S. You can see euro stoxx 50 futures up 50 , as of the futures for dax. Take a look at u. S. Futures. More than 2 gains with nasdaq futures up 3 . If you take a look at the big drops during the recent crisis, the nasdaq has fared far better than the s p and the dow jones. Today looks like it will do better in terms of gains as w
Down the fort. Action, and as well in those money market funds. I was looking at the statistics. Money market funds pulled in 150 billion this week, while surpassing the peak of 2008. That is where we are seeing the stresses this week. Everyone just wanted cash. Francine whats amazing also is that the conversation started with small and Mediumsized Enterprises that may actually need support. Are we going to have governments take over in chunks some of the Big Companies to make sure they are safe . We will have plenty more on the markets and the economics of things, but lets get straight to the bloomberg first word news in new york city was Viviana Hurtado. Viviana the highest death toll from the coronavirus is in italy, surpassing chinas numbers. Italian fatalities topping 3400 is a nationwide lockdown continues. Europe remains at the epicenter of the disease. France reporting a 41 rise in deaths. Spain, an increase of get percent. Now to the state of california, and governor gavin new
Around the world countries are ramping up their response to the coronavirus imposing increasingly drastic measures to combat the pandemic the u. S. Has already banned arrivals from mainland europe from friday italy has strengthened its lockdown closing bars restaurants and shops other than pharmacies and shops selling food 1016 people have now died there with more than 15000 cases several more countries have announced full School Closures such as norway which has seen more than 600 cases and even oland which has 43. 00 infections so far and we have to stop large gatherings as the 2 major restrictions on sporting events the n. B. A. In the us and spains top Football League has suspended all games for now. And Global Markets have continued to tumble on fears of the impact londons footsie 100 suffered its biggest daily fall in more than 30 years and trading was automatically halted in new york after a large drop when the markets opened to angela begins our coverage. Chaos and confusion in
Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining us for the full first hour of the show, lindsey bell from ally invest they have 7. 85 billion in total customer assets. Shes here along with our team of reporters to break down this massive market sell off. Bob pisani is on the floor of the change Brian Sullivan covering the Oil Price Collapse mike is here to look in the the market mike holland ond transports. Well get to all our reporters the dow is down 7. 25 . B bob. Important thing is the Circuit Breakers hit this morning. Down 7 . Halted for