It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of coronavirus throughout italy and europe. New york is taking drastic measures as well. Creating a socalled contai
A pandemic this is the one business show you cant afford to miss im going to bore and im hoping im liking head straight ahead. Down as much as 5 percent in the u. S. After that ill be expelled announcement one thing done to ease the pain. And other factors taking up the market. Plus weve discussed the breakdown of the kind we now turn our attention to the pain being felt in europe well go in depth with expert analysis we have a packed show today so lets dive right in. And as corona virus continues to spread around the globe the World Health Organization has officially labeled it up endemic. The. Husband says seeing this outbreak but around the globe and we are deeply concerned by the a lot of. Spread and c. V. T. And by the unknown to me live it was an auction. We have the system and. Can be. Used as a pundit make over the past 2 weeks the number of countries affected by the virus have tripled globally there have been more than 120000 cases with over 4300 deaths more than 67000 of thos
More than 67000 of those infected have fully recovered here in the United States there are now more than 1000 cases speaking in front of the u. S. House Oversight Reform Committee the director of the u. S. National institute of allergy and Infectious Diseases said things are going to get worse. So i can say we will see more cases and things will get worse than they are right now how much worse will get will depend on our ability to do 2 things to contain the influx of people who are infected coming from the outside and the ability to contain in mitigate within our own country bottom line its going to get worse and meanwhile in europe german chancellor chancellor Angela Merkel is concerned that up to 70 percent of the countrys citizens could be infected. By then was months you have to understand that if the virus is there in the population have no immunity yet to this virus there are no. That a High Percentage experts say 60 to 70 percent of the population will be infected as long as th
Dow than in any year since 2008. That is not just a week, that is in a whole year. Any year since 2008. That will give you some idea. The tenure yield dropped down. At 117ff of its low waiting for the fed to speak. The vix up to 45. We thought we were high yesterday at 33, we are much higher than that now. Crude Oil Continues to settle. We are just about 45 per barrel. Gold is also selling off today. Down 1. 3 . The stoxx 600, 372 which is down by 4. 5 . Continuing in the german tenyear. I want to show you what the gma looks like. Just to give you an idea of the magnitude of the selling that we have seen around the world over the last few days. This has been since monday morning to now. Greece, 20 . Netherlands, 14 . Yen is up by 3 . Do norwegian is up by 1. 65 . The Australian Dollar is down by 1. 5 . Year, a 45 basis point move this year alone this week alone. It is 100 chance according to the fed funds. Crude is up by 14 . Gas is down by 11 . The market is going crazy. This has been
A man the system and the 19 can be contacted i used as a pundit make over the past 2 weeks the number of countries affected by the virus have tripled globally there have been more than 120000 cases with over 4300 deaths more than 67000 of those infected have fully recovered here in the United States there are now more than 1000 cases speaking in front of the u. S. House Oversight Reform Committee the director of the u. S. National institute of allergy and Infectious Diseases said things are going to get worse. So i can say we will see more cases and things will get worse than they are right now how much worse well get will depend on our ability to do 2 things to contain the influx of people who are infected coming from the outside and the ability to contain and mitigate within our own country bottom line its going to get worse. And meanwhile in europe german chancellor chancellor Angela Merkel is concerned that up to 70 percent of the countrys citizens could be in fact that. By then wa