That completes the risk off picture. Take a look at that bloomberg 1 . Ar index, up about a haven to bid. Investors going into the breen back into the greenback the midof this dismal data. David are the any individual stocks doing particularly better or worse than what we are doing overall . Abigail relative to the horrible Economic Data, some sectors are down even more. One of the big headlines this morning was u. S. Retail sales for march plunging the most ever, down 8. 7 . Core, pvh corps down 14 . Ge down 18 . Industrial production tumbling the most since 1946. The homebuilding sector tumbling the most ever, even more than 2007. Lennar, one of the largest homebuilding companies, down nearly 8 . The reason that stands out is this is a Health Crisis and many analysts are saying will this turn into a financial crisis . Not signs of that happening yet because of all the liquidity the fed is injecting, but could it turn into a housing crisis . The fact that we have the homebuilding sent
Some are saying it is a series of management missteps catching up to fedex right now. Guy i think the fact that the president is going down the sanctions route rather than taking a route which could become a little more connected is probably why we are seeing oil come off a little bit. Doesnt mean saudi wont go down that route, but brent crude, as youve indicated, well markets are lower. We are down by 0. 8 . A reversal when it comes up to the market from a sector point of view. We are just waiting for the fomc. We are barely budging. Eurodollar just a little lower. Will today be dollar positive or negative . Saying, it iswere Federal Reserve decision today. The committee is expected to cut rates 25 points. Carl riccadonna is with us now. Will be first question to the fed chair today be about repo markets . Carl i think theres a good chance of that. I dont think we should look for anything on the repo facility or what they are doing to try to contain the situation in the official meeti
finance minister of saudi arabia and france. good afternoon, this is bloomberg surveillance. into our davos coverage. turning into our davos coverage. we have great interviews. first, let s check on the markets. up as you look at u.s. equity futures, they are gaining a little traction. concrete steps to contain the deadly virus. this get to the bloomberg first word news. with the respiratory virus in china that is spreading, a hospitalized man was infected after a trip to china. the nation is starting nationwide screening. the cases in china have climbed to more than 400. nine other countries are confirming cases. the u.s. senate sets the rules for the impeachment trial and voted along the lines. it rejected bids to subpoena white house emails, but mitch mcconnell did agree to alter the timeline getting the prosecution and defense to make the cases rather than the initial two. governments cannot tackle climate change alone, according to blackrock s larry fink. he says it
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