E. U. Has closed its external borders for the next 30 days Germanys Angela Merkel announced the measure which is one of the most drastic so far in tackling the coronavirus. We have introduced entry restrictions basically an entry ban for citizens from non e. U. Countries it should last for 30 days in germany it applies to immediately. The latest country to join those declaring a nationwide quarantine spain italy and france also in lockdown military trucks have been filmed on the streets of paris. Looks at whether the Free Movement could be coming to an end. For years populists have been advocating tighter border controls within the European Union which and the National Governments have criticised yet in 2028 that is exactly what were seeing happening it all started with italy and borders. Controls being imposed from people trying to leave it to lead to go into austria but since then a host of other e. U. Countries have done exactly the same we have seen slovenia hungary denmark and now
We consider. The outbreak and spread of the coronavirus has become a black swan event for the Global Economy theres no longer whether the u. S. And other economies will slip into recession the question now is how deep and how long the recession will last its going to get worse before it gets better. In the corona a recession im joined by my guess and in houston he is president of Oil Associates in new york we have helen i need ski she is an american journalist with r. T. And in Great Barrington we cross to pete earley he is an economist with the American Institute for Economic Research all right crosstalk rosen a fair. That means you can jump in anytime you want and i always appreciate it andrew in houston let me go to you 1st here. I guess this is the 2nd shock in as many weeks for you because you covered the oil markets and now we have the process being rolled out to deal with the corona virus when weve seen markets crash and we see a lot of disorder and a lot of questioning of what
Very, very first new years eve celebration that is we are going to get throughout the hour on mornings with maria. Weve got a big show this morning, joining the conversation michael, Founder Michael lee, market analyst francis and real clear politics cofounder president tom bevin. Happy new year, guys. Happy new year. Cheryl weve had a phenomenal year. Typically when the market moves people get hesitant, just thoughts to stay positive in 2020, so in the summer of 2018 the market actually had roughly 10 below here, going off into the end of 2018, i think that spells well for 2020, this could really keep going, its been a good decade for stocks. Cheryl francis a lot to watch obviously for you this year, its been a blockbuster year. Its been a blockbuster, whats important is the catalyst that kept the market going, we kept getting news on the front and the fed keeps injecting money into the system which is good for equities. Cheryl i think its 2020, though. For sure. We have politics happ
Countries that help corporations avoid taxes. The federal government is trying to end food stamp benefits for 17,000 70,000 americans. A new revelation could make it harder for states to get waivers. The agricultural secretary said newnew rule will move recipients toward selfsufficiency and into employment. Saysritish Prime Minister security and intelligence sharing will be the main factors in deciding whether to let a Chinese Tech Company build 5g networks. At the nato summit, johnson said he does not want to be or want to u. K. To be hostile to overseas investments, but also has to protect National Security interests. He reportedly put off the decision until after the election in britain. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. From bloomberg world headquarters, im shery ahn. In toronto, i am in for amanda lang. Welcome to bloomberg markets. Here a
Here. Good to see you. Payne Capital Management president , ryan payne and fox business deirdre bolton. Good morning. Happy monday. Here we are ready to go. Dagen ive got cooler head, what i wrote down on my folder as i watched comments about a Angela Merkel and President Trump about the trade situation. Last week we saw the dow sell off, more than 600 points as more and more investor were worried about the u. S. And china not to be able to be on the same page in some sort of way, create a framework. Now with these comments, seems like indicating a higher open, thats all that investors care about. Business owners are thinking how will i adjust to this, whats coming. Any bright spot, green on the screens, there we go. Dagen exactly. Also this morning, American Enterprise institute u. S. Research strategy in asia, he heads it, zach cooper on china trade. Roger williams is here to talk tariffs and trade. Former u. S. Secretary of commerce, former kellogg ceo, Carlos Gutierrez on the g7 su