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
The fed says theyre going to help but it doesnt help the market for them but the london the show you cant afford to mess im good at ive been one in washington to let them know theres a rate cut but it doesnt stop markets from dropping nearly a 1000 points well investigate why the fed intervention is not helping plus i want to talk to you more billions into the tech in the robot were going to tell you about at least one huge acquisition. To pay 500000000. 00 for throttling i phone users in order to push them to purchase new phones and batteries but its 500000000. 00 a year we enough we have a live report so much to get you on the very busy day so lets get started. The Federal Reserve decided to pull the trigger Tuesday Morning and announce an emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has been deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus wa
For revenue growth. In samsung and unveiled their new lineup. We take a look at these new devices. There seems to be no end in sight over concerns about the coronavirus. Death toll has jumped after Hubei Province revised its death toll. Quarantinedve been in yokohama, japan and the National Energy agency warned Global Demand for oil will drop. The allen and i spoke with chief Market Strategist at trustmark Global Investment on thursday. We are always watching headlines but one thing we tell our clients is we want to look through the headlines when it investments. But daytoday, yes, the virus has caused volatility. We saw that a little bit. Submarkets come back and gain a percent of what they lost earlier. A lot of that is because the increase in cases was do to a case of methodology and so it included a lot of people who already have the virus. Selloff andwe had a we saw that come back throughout the day. But yes, coronavirus is driving the headlines now and battling some of the more f
Crude down, and participating in that risk on rally as well. Time now for global exchange, where we bring you todays market was a news from around the world. From hong kong to brussels, jahans burke and washington, our bloomberg voices are on the ground with this mornings top stories. , the death toll is now over 3000. Joining me is yvonne man. Heard of newst infections in south korea, iran, and spain. Germany, as well, and additional 188 cases. This virus has spread in 13 countries and 16 federal states. At this point, the threat level is at moderate, but could quickly change. Deathstioned the global now topping 3100. Theres also the corporate fallout we continue to watch, with nissan now saying they could be preparing for deeper cuts. The carmaker has been struggling ever since Carlos Ghosns arrest. This virus only exacerbates the troubles. There are signs of life returning back to normal in china. Just heard from han hi from honhai, apples biggest supplier. They have been dealing wi
Going to me on the phone is chuck grom, Gordon Haskett retail analyst. Joining me in new york is Lauren Goodwin, new york life multiasset per folio strategist, and Brooke Sutherland of bloomberg opinion. Give us a rundown of where walmart fell short. Brooke it was not great all the way around. The fourthquarter came in weaker than expected, and they called out unexpected softness in the weeks leading up to christmas, which is not what you want to hear from a major retailer. That is in line with what weve heard from a number of Different Companies that are not named amazon, which raises a lot of interesting questions about what the Competitive Landscape actually looks like. Also weighing on investors is the 2021 fiscal outlook, which was also weaker than expected on sales and profits. Alix the stock rating is heavy here in premarket. The bad news baked in. Is that is why is that why you have a buy rating here . Chuck weve had a buy rating for a while, not just here on the fourthquarter.