Risk assets take a beating. U. S. Stock features plummet limit dad down amid a selloff. Europe points to more losses and Oil Nosedives below 30 in new york as an opec plus breakdown see saudi arabia prices saudi arabia slash prices. The entire Treasury Curve sits below 1 for the first time in history. The yen surges the highest level in three years and gold briefly tops 1700 an ounce. Billion in counting. That is how much governments have pledged to pump into the Global Economy to combat the coronavirus. But is it enough, the current market verdict is absolutely not. Awaye just under an hour from the start of cash equity trading in europe and u. K. Lets take a look at futures. A sea of red everywhere you look for risk assets. Seene personally never futures this low. Of course i was not here for the financial crisis, but we have more than 6 drop across the board. Features down seven and a quarter percent. Drops inmassive futures. Said,o see futures, as i limit down in the u. S. They bum
More trouble for uber admitting the first time for its risks to business over the coronavirus. It is tuesday, march 3 and Worldwide Exchange begins right now. Good morning and welcome to the show im brian chu. With me the entire hour, cnbc contributor car contributor Carrie Firestone the dow is coming off the biggest point gain snapping the losing streak in hopes of snapping from around the world comments from the bank of japan, European Central bank, International Monetary fund are giving buyers reason to buy. One stock hit hardest was up very big yesterday apple shares surging after an upgrade in the gain. Those shares up in the premarket as well this morning, stock futures are in the green in volatile trade if things stand the way they are, the dow would open around 100 points the nasdaq around 26 points. At one point, we had indicated down more than 200 points early in the session several factors you can see here down that level. Australias central bank cutting the key benchmark to
Reward system to coerce allegiance to the regime. Those who dont make it into the fun metropolis often tom very. Kind of fun in pyongyang starts february 28th w. Story so that people will hold on for t. W. On facebook and twitter up to date and in touch follow us. Market losses continue as fears bounce over the coronavirus wall street suffers a 6th day of selloffs with more businesses curbing their operations and lowering earnings projections well bring you up to speed. Also on the show china is trying to get business back up and running but with coronavirus case number still rising. It has a ways to go. And the u. K. Puts on its poker face before next weeks trade negotiations with the e. U. Brussels call its bluff. This is your Business Report im Stephen Beers in berlin thanks for joining us u. S. Markets fell for the 6th straight day on thursday as Major Companies continue to curb their operations and slash earning projections as a result of the spreading coronavirus best p. 500. 00
Hello they are watching r. T. International armor is on a lock would welcome to the program. But this baghdad says it is someone in the Us Ambassador over the latest airstrikes on iraq and syria that killed 25 people iraq Officials Say they were not able to prevent the attack with their objections being ignored by washington. I said this was a very dangerous matter and asked to discuss it face to face with the responsible parties not only by phone he said the decision has been made and i am informing you of this. After the attack hundreds of protesters gathered on the streets of the iraqi capital they condemned the u. S. s try some expressed support for the militia who were bombed u. S. Special representative for iraq brian hoke has defended the operation system it was meant to tell reign and aggression on. The u. S. State department has defended the decision to conduct air strikes in iraq and syria saying that this was done to deter the influence of iran in the region now 25 people we
Lends a 2nd hand to break down this and other major developments in the euro zone and later 2019 has been a shining year for gold as the price has jumped on economic turmoil david mcilvaine financial help us dig into the sector and how its been competing against other asset we have so much to get to today lets go. Stocks are falling across the board from their all time highs monday the penultimate trading day of the year equities have enjoyed a strong December Santa rally and Oil Prices Continue to trade higher on china u. S. Optimism the pullback today is most likely due to the fact markets are in the midst of a liquidity and news desert during those final few days of the year chinese vice premier and top negotiator leo ho will visit washington this week where he is expected to sign phase one of the agreement however a political concerns continue to bubble in the background as neither side has released any specific details of the trade agreement and no text has been released while the