Package amid disagreement on how to spend nearly 2 trillion. President trump says coronavirus measures shouldnt be worse than the problem itself. Europe tightens its grip. Leaders scramble to enforce unprecedented restrictions as 2000 more people die in italy and spain over the weekend. Angela merkel says she is self isolating after contact with a doctor who tested positive for the coronavirus. An hour awaynder from the start of cash trading across europe and it looks like it will be another risk off day as futures fall. Euro stoxx 50 futures as well as ftse and dax futures, down 4 . Futuresftse mib gaining, but i believe that is actually fridays trade, so that is not current live futures contracts. All life futures contracts are down, deep, deep in the red. If you look at u. S. Futures, we also see drops of about 3 across the major equity indexes, so s p, dow jones, and nasdaq futures all down. Its get into the markets with laura cooper, bloombergs mliv macro strategist. Laura, we hav
Breakers were triggered first thing this morning across assets. 59 basis points on the 10 year yield. That is about a 10 basis point shop. A tiny bit of money coming out of u. S. Treasuries, maybe a little bit of stabilization. Crude oil down 17 . Did we think we were coming into this this morning . 34. 25 on a new front on a war between russia and saudi arabia on oil prices. The dollar index is weaker by the more than. 8 . The yen is the strongest currency versus the u. S. Dollar, trading at 1. 02. Euro and sterling stronger versus the u. S. Dollar. Some of the worst hit industries in the s p 500 are the Energy Industry and the bank industry. Energy down 16. 5 . No indication of what will happen with the debt outstanding of many of the companies. High yield is selling off as well as investmentgrade. It is across the board. The yen is trading at 102. 53 right now. U. S. 30 yeare, the is now only off 26 basis points, which is the benchmark we should be looking at. Brazil is up 8 , germa
Abdullah abdullah has held a separate ceremony to inaugurate himself. Welcome to the program the spread and fear of crude a virus is starting to have a major Global Economic impact on top of the growing he would cost u. S. Stocks plummeted in the opening minutes of trading in new york forcing a temporary suspension of the markets also hit with big drops in asia Europe South America brazil stock market also had to suspend trading after a 10 percent drop mondays market shock was triggered by a 30 percent plunge in the price of oil has been following events for us in new york and its been a bit of a bumpy road for the dow jones just a little whats been happening in the last couple of hours. Yeah a very dramatic morning here in new york as all of the major indices remain down significantly they have recovered a bit now the Dow Jones Industrial average and the s. And p. Both trading around 5 percent lower earlier shortly after opening bell they plummeted more than 7 percent triggering that
Abdullah abdullah has held a separate severability to inaugurate himself. Welcome to the program the spread and fear of coronaviruses starting to have a major Global Economic impact on top of the growing human cost u. S. Stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading President Trump is due to meet with his advisors in the coming hours now the stock market plunge was also influenced by Oil Prices Dropping around 30 percent on monday the biggest fall in almost 3 decades and thats a bit of a price war between saudi arabia and russia moscow refused to join the plan by major Oil Producing nations aimed at cutting up ports and maintaining prices stock markets across asia have continued to fall continuing the sell off that we have nearly 2 weeks. Ago billions of dollars have been wiped off the european markets just hours after opening with the u. K. s footsie 100. 00 index losing almost 9 percent of its value while questions lubys been following e
With the top stories from europe including germany reveals plans to take in child refugees as the talks with turkeys president over the border crisis with greece. From the country to be canceled until april to slow the spread of coronavirus footballs governing body fee for the sides to postpone asian qualifying for the 2022 world cup. Welcome to the new spread fear of coronaviruses starting to have a major Global Economic impact on top of the growing human cost us stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading president. Is due to meet with his economic advisors in the coming hours that stock market plunge was also influenced by all prices dropping around 30 percent on monday the biggest fall in almost 3 decades and thats amid a price war between saudi arabia and russia moscow refused to join the plan by major Oil Producing nations aimed at cutting output and maintaining prices stock markets across asia have continued to fall continuing the