10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action when needed. No specifics on that, but they are pledging action as needed. We will bring you anything, any information as they come out. They said the dollar move to combat is there. This is governor bailey. Time now for global exchange, where we bring you todays market moving news from all around the world. From new york to washington, brussels and beijing come our bloomberg voices are on the ground with all of this mornings top stories. The Federal Reserve swept into action yesterday, cutting it
Good morning welcome. Im Morgan Brennan live at cnbc headquarters kicking off with historic moves on wall street as the dow moves towards 20,000 the First Time Since february 2017 the dow has now erased all of its gains since President Trumps inauguration back in 2017 this mornings futures it has been volatile, we started higher, turned lower weve gone flat. Right now, the dow is indicated to up 194 points, the nasdaq to open up 143 points it has been a wild ride. Futures spikes on the news of the stimulus from the ecb. Weve been bouncing around ahead of that 9 30 open. Taking a look at the bond market weve seen a lot of volatility there. Treasuries yesterday sold off with significant spike climbing as high as 1. 25 . Now coming off as investors move back to treasuries with a 10year at 1. 177 . Just off threeyear highs. I want to get a check on crude bouncing back in a big way after sinking to its lowest level in 18 years 20. 37 a barrel ice brent 26. 91, an 8 bounce. We are still at t
The rules the game is. Given. Also coming up marching to save their own lives and those of their daughters mothers and sisters protests today in mexico one of the most dangerous countries in the world for women. I am. Its like being in a state of war where in a humanitarian crisis because of the number of missing and murdered women. Viewers on p. B. S. In the United States and all around the world welcome we begin the day with the fear factor and the coronavirus to say that the Global Economy is jittery because of the corona Virus Outbreak well that would be stating the obvious to say that the. That sear could soon make a Global Economic crisis possible well that would be stating what became obvious today early today Global Oil Prices crashed a shock that since stocks on wall street tanking immediately after the opening bell the drop was so fast the trading was halted for 15 minutes so why did or will prices collapse russia has refused to cut its production so saudi arabia trying to pr
The rules of the game is. Given. Also coming up marching to save their own lives and those of their daughters mothers and sisters protests today in mexico one of the most dangerous countries in the world for women. I am. Going to be its like being in a state of war where in a humanitarian crisis because of the number of missing and murdered women. To our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the fear factor and the coronavirus to say that the Global Economy is jittery because of the corona Virus Outbreak well that would be stating the obvious to say that. That sear could soon make a Global Economic crisis possible well that would be stating what became obvious today early today Global Oil Prices crashed a shock that since stocks on wall street tanking immediately after the opening bell the drop was so fast the trading was halted for 15 minutes so why did or will prices collapse russia has refused to cut its production so saudi a
It comes to the fans of the human scene the microphones who had decided to put their trust in us. Name is jenny paris tonight part of the. A clash between 2 oil titans sent stocks around the world tumbling markets experienced the worst days since the financial crisis in 2008 we lost our correspondent on wall street to assess the damage. Also coming up plus the coronavirus in fact Global Supply chains we take a look at how one German Company is weathering the storm. Choppy waters ahead how years of on the bratz have pushed mollies Tourism Sector to the brink of collapse well meet some of the people whose livelihoods are at risk. This is the business. Welcome its been a day of carnage on the markets with shares posting their biggest losses since the financial crisis in 2008 the massive drops were triggered by saudi arabias decision to increase Oil Production after russia refused to cut its a push in response to weakening to mond because of the current prices and heres the damage here in