Despite fears that continue to permit. The bait in the bond market continues. Down five basis points from the 10 year. Out, 47. Ly wiping you will have a lot of paper from banks that lend to producers. We will bring you the latest market moving news from all over the world, from hong kong to washington to new york, our bloomberg voices are on the ground with this morning stop stories. We begin with asia. The death toll is climbing, cases worldwide are above 82,000. Saudi arabia halting religious visits, well japan asks for all schools to shut from march 2. Stephen engle joins us from asia. Stephen it is significant because it is the first time we have had more new confirmed cases outside of china that inside of china. It could be because china has a great, on this or, more sinister, that the virus is spreading faster than the who and others are expecting elsewhere in places like south korea, japan, in the middle east. As you mentioned, saudi arabia does not have confirmed cases, but th
Thatdominated yesterdays action, that along with chinas currency move. Overnight Chinas Central Bank setting the yuan mid point firmer than many expected. That happened at 9 00. We saw a turnaround in u. S. Equity futures which were down overnight as much as 600 points at the lows. Right now a positive open across the board. S p looking to be up by 11 points dow jones up by 102. The nasdaq looking to recoup 44 points as for u. S. Treasury yields, we saw a 2016 low also. We had the tenyear note at 1. 758 overnight we breached that 1. 7 level. A key level here. We have cnbc reporters everywhere this morning covering the Market Reaction to this escalating trade war willem marx is in london well get to him in a moment, but across the world to china. Eunice yoon is on the ground in beijing. Reporter china strongly opposes being labeled a currency manipulator. The central bank, which manages a floating currentry cy exchang rate called the move unilateral protectionist behavior that violates
Welcome to countdown. It is 6 00 in london this friday morning. Bloomberg reporters are standing by across the world, ready to deliver the stories that will drive the day. We have the latest in hong kong on the tension in thailand. Ryan chilcote is live in saint it is berg at russias biggest business summit. And hans nichols has the latest on ges bit. First, live to saint petersburg. Dont miss our interview with the ceo. ,n thailand, schools are closed tv stations are under the command of the military, and International Broadcasters including bloomberg are off the air. The military seized control following a sixmonth political stalemate and Economic Growth in the country. For the latest, lets go to hong kong. Zeb, this has been boiling for a while . It certainly has, but it took the military just minutes to accomplish with the protesters have been trying to copley four months, which was to dissolve the government and seize control. That is exactly what we saw yesterday after several ho
Up that says stop as kids get on the bus and david has your accuweather forecast. Good morning. Thats are a good point to drivers, be careful out there because you have a lot of pedestrians that havent been there the last few months and as tam mentioned be careful when that bus gets the lights going on. Lets get you to satellite. Weve got very little cloud cover overhead right now and its going to be a sunny start but man, it already feels muggy out here. Currently 76 degrees in philadelphia. Weve slipped to 68 in allentown but still in the 70s almost everywhere else. And very, very humid pretty much a continuation of that high humidity beef experienced the last couple of days. By 9 oclock well abat 81, by noon 89 and your high today is going to be 94 but what with the high humidity it will probably feel like its closer to 100 this afternoon during the height that of afternoon heating. By 6 oclock were back to 88 but still feeling like its in the mid 90s and theres the chance of a late
And debit card. The senate before the Senate Judiciary committee is two hours. Good morning, this hearing will come to order. American consumers today are rightly worried about inflation and rising prices for the goods they buy. Today we are going to talk about a hidden fee that fuels the fires of inflation across america every day. What they may not know is this wifi is contributing to the problem of inflation. When swipe fees on credit and debit card to go up, as they just recently did, it increases inflation. Consumers ultimately pay the price. Ironically, this journey for me started in this very room 16 years ago. Arland specter was the chairman of the Senate Judiciary committee. He called a key meeting on swipe fees and interchange fees. I intended because i was not familiar with those terms. I heard for the first time wettest life we was. The fact that i use my debit card and credit card a swipe fee was being charged to the retailer that i was ultimately paying. And then i learne