The United Nations Migration Agency is reporting what it calls a grim milestone regarding debts and migrants who tried to cross the mediterranean. Officials estimate 20,000 people have died since 2014. That includes the presumed drowning of more than 90 people after a small boat overturned after leaving libya last month. And the disappearance of a ship that set off from algeria. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Amanda live in toronto, im amanda lang. Welcome to bloomberg markets. We are now joined by our bloomberg and bnn bloomberg audiences. Here are the top stories we are following from around the world. Investors fear Major Economic fallout from the coronavirus. Worldwide of infections from the virus topping 100,000, putting more pressure on Global Leaders to respond. Youll
evening. an acute selloff in china. they have been closed for the chinese lunar new year. stock futures in the u.s. are taking it in their stride. if you look at the u.s. 10 year yield, they are both dropping once again. manufacturing for the month of january, that is coming in at 47.9. we will be speaking to the chief executive of julius baer this morning. let s get straight to the bloomberg first word news. with china s oil demand which is plunged by 20%. executives describe it the scale and the demand caused by the coronavirus outbreak. it s probably the largest the market has suffered since the financial crisis. opec and its allies are considering how to respond. the battle of a brexit doesn t look like it s going away anytime soon even though the u.k. left the eu. prime minister boris johnson in london to walk away from talks. he does not want to set of regulations of the rulings and say britain will prosper with or without a deal. in london, authorities say a man who
worth noting. 10 year yield bouncing back just a bit from last week s lows at 1.56%. deepest performer in the s&p 500 right now is gilead sciences, working on a vaccine. guy: absolutely. that stock very much under the microscope right now. european stocks up around 0.5%. the pound is being pushed lower, $1.30.le rate we ve seen speeches from boris johnson and michel barnier on how the rules will be set between the eu and u.k. $56.07, down around 1%. vonnie: in china, the coronavirus death toll rising to at least 362. joining us from hong kong is stephen engle, bloomberg chief north asia correspondent. to look at today s market reaction, you would think this virus is now contained. is that the case? stephen: not necessarily. the markets did react to the downside. the csi 300 was down about 8%. there were more than 3257 shares that were limit down today, but they were playing catch-up to chinese markets after being on vacation since january 23. a lot has happened since that tim
Up investors are nervous about whats happening in the bond market is that what this is about i think thats part of it but also the impact on health care from the announcement that we had this morning from mr. Buffett and jamie dimon and amazon is enclosuclearly is havn impact the expectation would be that youd see increased m a in 2018 when youre getting significant selling like youre getting in the managed Health Care Space youre going to see a dow tape clearly under pressure. Steph, the dow was down 350 around there, at the low yesterday sold off into the close. Whats this about . I think it is a little bit about rates but not fundamentals of the economy, its not about earnings because earnings continue to go higher. Its about getting overbought. Were up 7 in january still the best since 1989. However, youre up on top of 19 last year. So weve had a nice rally. We havent had big corrections, we havent had big pullbacks sure, rates are going higher and its something to be mindful of. B
Roundtable with tomand trend locked together. Daschle and trent lott. Jonathan very quickly, a big print in the eurozone, core inflation a fouryear high. , up. 6 . Gh on the euro treasuries on offer at the margin. Of the Market Action. Lets get you up to speed on the top stories. Here is emma chandra. Emma President Trump warned there could be a major conflict with north korea if diplomacy fails, telling reuters the u. S. Would love to solve the issue peacefully, but said it is very difficult. At the United Nations Security Council today, secretary tillerson will try to showed north korea the world is against it. In france, the president ial election is a week from sunday. At a rally and nice, Marine Le Pen did not mention her plan to pull out of the euro, but said macron lacked french fry use. Tell thes are ready to u. K. They are united when it comes to brexit. There will be a summit in brussels to discuss the uks departure from the block. They will warned the u. K. Against trying to