Suitors Prime Minister is back home to face charges relating to the murder of his former wife. And in love with India Donald Trump announces a 3000000000. 00 weapon steal as he aims to boost his reelection chances with Indian American voters. Uninstaller bron james leads the way as the l. A. Lakers are just their rivals to Boston Celtics on the same court kobe bryants memorial will be held later on monday. Welcome to the news out of the shop the increase in corona virus cases outside of china is causing alarm at the World Health Organization there are now confirmed cases across the middle east and east asia in iran the Health Ministry says 12 people have died its dismissed claims from an m. P. Who says that figure is close to 50. Kuwait bahrain iraq and afghanistan have all reported cases of infected travelers coming from iran and this spectacle thats the China National Peoples Congress one of the largest worlds political gathering has been postponed this year its been delayed for the
Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
This is the one business show you cant afford to mess im christiane and im going to board washington coming up the Federal Reserve on wednesday release their minutes of their january meeting but what path has the central bank decided to take well break down the feds moves and how its close choosing to react to global instability what wall way has lost a case in court relating to the purchases of its products but how will the embattled telecoms giant bear Going Forward will analyze the future of cross the globe. In the great. German europe. And later the u. S. Has sanctioned russian oil giant ross now as the nation has ramped up the effort against venezuela well do a deep dive into the penalties and what it means for the petro sector. Today so lets go and dive right in. The federal open Market Committee released edited minutes from his january meeting during which policymakers voted to keep Interest Rates unchanged between 1. 51 and 3 quarters percent drone policy now says that the u. S
American family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and what how investors rightly read that message is that theyre going to continue growing the Balance Sheet and if need be and we know that the need could could be happening with the coronavirus shock to the to the to the economy not just in china but here in the United States if that means further rate cuts in 2020 that is certainly what the markets have begun to price in now speaking of how does the f o m c participants view the corona Virus Outbreak is this a threat to Global Growth and if so how much is there a cause for a material reassessment in the outlook and what would that possibly mean for additional easing next year or this year. Well so i thi
Welcome to the state of American Energy at the anthem, this is quite a different venue from the reagan building downtown where weve done previous state of American Energy events. Being here on stage on the very spot where bob dylan has played gives a whole different field. Americans embrace independence, you see it when we visit polling places and now when we get our energy right here at home. Reducing our nations dependence on Foreign Energy was the stated goal of every one of our last 7 president s. Democrats and republican. These leaders all understood that clean affordable and reliable American Energy serves both as the basis of Economic Growth here at home and security abroad. Now, finally, the United States has achieved this bipartisan goal, the state of American Energy in 2020 is one of leadership, america is the Global Leader and Energy Development, Carbon Emissions reductions and environmental performance. So today im here to talk about 3 things, one, how Americas Energy revol