Warns america to prepare for a painful time as new york surpasses chinas Hubei Province in reported cases, the deadliest day so far. Japan proposes its biggest ever stimulus package as the virus threatens a deep recession. The Business Survey this hour will gauge some of the damage. Haiti. Haidi haidi. Haidi lets take a look at how we are setting up in australia. Trickling online in the staggered open, seeing early signs of positivity when it comes to this market after ending the session lower yesterday. We are seeing upside of about. 7 at the moment as we are awaiting the rba march 18 Meeting Minutes later today. We are trying to get past the worst quarter ever, so downside of 25 for australian stocks over the last three months today is a new day and new zealand, we are seeing gains for a Third Straight session as the rbnz is doubling down in the bond purchase program. Japanese shares looking a little bit lower. They had the worst quarter since 2008 and the kospi also trending lower a
Congressman Mike Gallagher of wisconsin cochairsor to Cyberspace Commission discuss the recommendations to defend against cyberattacks. [video clip] in the critical time fight against the virus, we made a lifesaving move with early action on china. Now we must take the same action with europe. Host that was President Trump last night in an Oval Office Address announcing his plan to block travelers from Continental Europe from entering the United States. It came hours after the World Health Organization declared the coronavirus a pandemic. Negotiateontinues to and aid package. Here are phones are open to hear your reaction for all of this. Emocrats, 2027488000 2027488001 republicans, it is 2027488001. Independents, 2027488002. You can send us a text. That number, 2027488003. Please include your name and where you are from. Otherwise, catch up with us on social media. On twitter it is . It is cspanwj. You can start calling in now as from theou more of Oval Office Last night. President tr
There wasnt anything about testing. I thought it was an incomplete address. The address i would have liked to have seen would be the president and nancy pelosi saying we have come together, we are in control, we will pass an important measure to help people affected by it tomorrow to really instill confidence. I dont think it was awful. I think he did what he had to do, but i dont think it does not appear to have been terribly reassuring. Host congressman gallagher, your take and will the house move forward today with some sort of joint bipartisan measure . I would like to live in that alternative reality where people are working together and not politicizing the crisis. I support the idea of an extension of the travel brand van in europe. It is unclear why the u. K. Was not was exempted per dino they are part of schengen exempted. I know they are not part of schengen. We need to scale up our ability to test all over the United States. We bought ourselves time with the travel ban again
I think theyre all feeling like friday these days. Welcome to fbn a. M. Im lauren simonetti. Cheryl yeah, lauren, hey, good morning to you. It has been a volatile week, a crazy week for investors. Governing, everyone, govern,d morning, everyone, im cheryl casone. It could be limit up today in the futures market, the sips close to that level, 2534 is the level. Watch for that number. All the averages are down for the week but right now the dow is up 824 points in the session, s p up 104 and change, nasdaq is up 355 points. Lauren i will take it. Lets take a look at commodities this morning. Oil prices, 26. 78 a barrel, a gain of 6. 2 . Gold up 2 at 1508 an ounce. Cheryl we have seen historic moves in the 10 year treasury, in the bond market in general. Take a look at this. We are down 11 basis points, the yield is 1. 048 . Thats actually a good thing for a lot of Bond Investors out there. Lauren major bounceback in asia, if you take a look at the kospi, sold off yesterday, up 7 andahalf
Also to those that are joining us this morning the director of the Kennedy Shriver National Institute of Human Development and the subcommittee on health and education services. Doctor fauci director of National Institute of allergy and Infectious Diseases. And then the director of the National Cancer institute and director of the National Institute on drug abuse. Again, welcome to all of you leader hoyer asked me this morning you have the nih coming he said can you get all the Institute Directors and he said he will this is one of the most remarkable hearings that we have and we thank you for the great work that we loan that you do and saving lives the people of the great country. Let me touch on the matter of the coronavirus i just want to say i thank you to the director and all the institute tends particular thank you to doctor fauci i want to say Public Health experts deserve our praise for what is the excellent work that you are doing and clearly a matter of National Importance an