This is bloomberg surveillance. These are what the markets are doing. U. S. Stocks and bonds closed today too today due to president s day. We are edging up a bit with buoyancy on the market on the backs of investors taking encouragement from china. They will do more to support their economy which is why we in gold down and yen down. That is a good litmus that we are on a risk on. Spoke the yousef managing director of the imf about the outlook on the Global Economy and the active the coronavirus. All hear from the interview early. First, let leanne erin. Leanne japan is it possible for sex after taking another battery the sales tax hike in the last and that economy at the low end as the coronavirus it activity drunk 6. 3 in the final three months of the year. That would be the biggest slide since the previous tax increase in 2014. Tensions between the u. S. And europe over huawei ramped up another notch this weekend. The u. S. Ambassador to germany tweeted a warning to countries that u
First time in decades. Going there for more from beijing is bloombergs selina wang. Give us an update on the situation in terms of the death toll and some of the evacuations from the ships, and also what we have heard about potential delay to the National Peoples congress. Selina we heard from the head hospital that he turning point may be reached, but we did see the number of , so it looks like the virus has not reached a peak yet. Outside china, countries have been stepping up evacuation efforts from these cruise lines. The diamond princess cruise ship in japan reporting the number of infections jumped to 454 after another 99 new cases right in the fight. In beijing, you can still feel the effects on the local economy, with stores and restaurants still closed. There has been a slight uptick in activity as people have resumed work, but only about 40 to 50 of the economy has been running at capacity this week. In beijing, anyone returning from the city has been ordered to self quaranti
Particularly when it comes to equities. 0. 3 . 600 up by the eurodollar just turning negative in front of our eyes. Its been positive for most of the day. As you can see, the movement is to the downside, as it is with brent crude coming out trading 57. 24. We are down by 0. 2 . This talk about what is happening in brussels. This week, the European Union would unveil big plans for rules on Artificial Intelligence and Data Management ahead of the socalled white paper. Has beenns tech czar meeting with facebooks mark zuckerberg. Joining us from brussels, bloombergs maria tadeo. Talk us through how important these rules are going to be. Important because these rules will have a Significant Impact on u. S. Technology companies. European regulators want to get tax reform on Digital Services. A tax on Companies Like facebook. Define a newt to frontier for Digital Services that has to do with Artificial Intelligence, facial recognition, and so on. This meeting was crucial for mark zuckerberg,
Results as leadership speculation swirls. Lets look at how we are positioned on the markets. Australia, looking like a flat open. Moved loweres have on that news from apple. Nikkei futures off about a fifth of 1 . New zealand has been trading for about an hour now. Ospi futures the latest company to announce fallout from the coronavirus. Joining us, mark gurman. Background into this announcement. Apples second revenue adjustment to years in a row. This time it also has to do with china but for a different reason , coronavirus. Billion for the march quarter. They are not saying what the new Revenue Target is. It is very clear that this is happening an impact on them. Sales in china are down dramatically. Two stores, most of which have been closed in february. China is the third biggest market. Second, the iphone is temporarily constrained, meaning they are producing less and selling less in the quarter. Andiphone makes between 50 60 of the revenues depending on which quarter you are loo
A lifetime as they take part in the Worlds Toughest rowing race. Im serious i was gonna its good to have you with us man maher civilian leader on song suchi has told the uns top court that there was no proof of genocidal intent behind her countrys military campaign against her hang on muslims testimony on tuesday alleged stunningly barbaric acts against the ruling the population including children and babies speaking at the International Court of justice and the hague the nobel peace laureate said it could not be ruled out that disproportionate force was used by me in mars armed forces but she denies that any crimes committed fell under the International Definition of genocide more than 700000 rango fled me in march to neighboring iran but day to escape what has been described as an Ethnic Cleansing Campaign involving mass rapes and killings lets hear what she had to say. These bear in mind this complex situation and the challenge to sovereignty and security in our country when you are