Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it
Joint action. Saudi arabia wants producers to agree on additional cuts of one Million Barrels per day. Nejra what a wipe out on wall street. We will get to that in a moment, but first, breaking headlines coming through. We are still in earnings season. Basf sees significant first half Coronavirus Impacts on the Global Economy, and it sees 2020 point 2 ebit of four billion euros to 4. 8 billion euros versus 4. 5 billion euros in 2018. Those are the two red headlines. They are saying they do not expect the virus effect to be fully offset over the years, so some important headlines coming through on the impact of coronavirus. Elsewhere in the numbers, it is proposing a full year Dividend Per Share meeting the highest estimate, but it sees a significant first half Coronavirus Impact on the Global Economy, bracing for a possible profit drop on coronavirus but also the slump in autos. That is the main takeaway here, adding to industrial gloom by adding to the profit drop due to the impact of
Police forming a human chain trying to save this family trapped in a sinking car. The apparent kidnapping on the doorstep. The role this doorbell video played in finding that woman. Plus, the wild finish overnight as the Major League Playoffs get under way. And from the woman facing off with this lion at the zoo, to the woman jumped by this deer at the gas station, to the mouse wreaking havoc at the white house. All the wild video on this wednesday morning. Good wednesday morning, everyone. Thank you for joining us. We begin with new evidence against a former Dallas Police officer who is now a convicted killer. A jury has found amber guyger guilty of murdering her neighbor. Guyger entered claims she entered the wrong apartment by accident and shot botham jean thinking he was an intruder. Now as jurors consider guygers punishment, prosecutors have revealed what they say are racist and violent Text Messages including one where guyger jokes about the death of Martin Luther king jr. Report
Central Bank Governors a, the boj will reexamine prices and the economy at its october meeting after holding rates. There was a bank of england decision today and is nordisk bank the first hock standing hawk standing . Matt a lot of headlines last night out of the fed. First diving and then recovering, although not setting new highs again on the s p 500. Nejra i did find it interesting because yesterdays meeting and the press conference engender debate. I said it hawkish cut with a question in my voice because i am not sure it was hawkish. He saw division on the fomc but te tuesday 10 curve twos ns, but the equity market is key, as well, perhaps signaling something more balanced. And we almost got a whatever it takes moment from powell during the presser. Policymakers lowered their main Interest Rate for a second time chairman powell saying moderate policy moves should be sufficient to sustain the u. S. Expansion. The overarching story was one of division on the fomc with updated quart
A veto. Inflation numbers out today show prices cooling overall but at a glacial pace. Meanwhile, consumers are racking up Credit Card Debt and dipping into their 401 401 k s at an alarming rate. Our economic brain trust is going to be here to to break it all down. Markets reacted this morning. Plus, weve got new details revealed about Hunter Bidens business dealings, and for the first time were going to bring you reaction from the president himself. And the fires roaring across hawaii already claiming at least 36 lives and has survivorses weighing the enormous costs of recovery. All that and much more coming up. Finish. Cheryl first to our top story today, markets rallying on todays inflation data. But consumers are fuming over something that wont even show up until the next report, and its the spike in energy prices. Gasoline prices, oil prices. Lets get the read from mayflower advisers managing partner larry glazer and luke lloyd. And, luke, to you first. This report was a little bi