These are the markets, not as sharp as the selloff is yesterday, but markets seem on hooks accounting for new cases coronavirus, and what happens to quarantines and isolations, and what happens to the economy. European stoxx 600 flat. Fell 6 if not more, now down 0. 3 . The u. S. 10 year yield, a good litmus test when looking at risk, s p futures up, they were lower a short while ago. At 10652. Lets get to the first word news. We begin with u. K. Prime minister Boris Johnson facing complaints of bad faith ahead of talks with the eu. Both sides are accusing the other of backing away from past promises. Johnson says it will take priority over a trade deal. Bernie sanders and Michael Bloomberg has escalated, mr. Bloomberg criticizing bernie control record, and sanders suggesting bloomberg could not win a debate against donald trump. Sanders is favored where bloomberg will be on the ballot for the first time. Michael bloomberg is the owner and founder of the Parent Company of bloomberg new
Hard not to because that is the alltime low on the 10 year treasury. It would have consequences. Reactionready seeing in stocks around the world potentially. This is all coming from the sentiments as we progress through the morning, and japan overnight and now in the united states. We started off the session in the positive and now we are lower by 1 apiece. Groups arethree lower now and you are looking at things like transportation, energy, the dollar Index Holding above 99. We backed off the highs there with gold futures, but that vix is still at 25 and likely will stay there. This is interesting. Guy lets take a look at what is happening here in europe. Lows. Just obsession just off session lows. The german tenyear now 52. Volatility continues to rise. We are watching this very carefully. Vonnie all of this began with the coronavirus and the number of cases in europe containing to continuing to rise. Italy with melody the latest. The number of cases continues to increase, but the spe
If it had not been for the information suppression by china and the first place we would not be in the position we are now. Austria, italy with 50,000 people under lockdown. In the Spanish Island we have people locked down in a hotel. Deaths. 15 a big cluster of deaths outside china. Also getting reports of an infection in switzerland and do not forget south korea. This is what is going on. It is about containment. People are trying their best. United arab emirates and turkey banning flights to iran. This could have a huge toll when it comes to the Global Economy. Economist saying we will get a shaping of. 1 growth this year. Then you take a look at Something Like ubs. The chairman suggesting this quarter we could see the chinese economy shrank. He is talking about a Global Economy in the same timeframe going from free. 5 growth to cash from 3. 5 growth to. 5 . I mentioned what is going on in some of the pond trees. And south korea 937 people infected currently. They have seen their Co
A fairly strong currency move this week. Time now for global exchange. We bring you todays market moving news from all around the world. From hong kong to london, frankfurt and new york come our bloomberg voices are on the ground with this mornings top stories. In asia, the coronavirus continues to spread, with south africa reporting a surge in was also inand that south korea. Joining us is stephen engle. Give us the latest. Stephen you have another revision out of china as they get previously unreported cases out of five different prisons in three provinces. You have those supposedly isolated clusters adding to the total again. They revealed the numbers and then added more. In some cases, more than 200 ands in chengdu province another in hubei province. More provinces could report outbreaks as well in those supposedly isolated ecosystems like prisons. As well, we are seeing additional clusters in other parts of asia, not just china. You are seeing a surge in cases of another 52 in sou
Do you want to go through the data . Tom yeah, let me go through the data. The news is in conversations. Limit 12. 55 with a massive curve flattening, oil down at the bottom, speaking volumes. Next screen, please. The vix is a good litmus paper, not moving here with futures down, 40. 94. I am not sure what the implied 5. 0is, but im guessing will be a good place to start. That is the yen. What is absolutely telling, there is persistent yen strength through the japanese day and the london morning. The 30year bond. Third screen and i know francine has a more europecentered view. This is the chairman powell screen. What will they do before the market opens . This is what they are looking at. The twoyear yields from the u. S. , u. K. That is stunning on the United Kingdom, maybe near a negative yield in japan and down to germany as well. Francine . Francine first of all, we did have the iaea headlines crossing the terminal moments ago, oil demand dropping for the First Time Since 2009, whi