Platforms. Were only in this studio and together. Were making sure you stay safe, everybody. Stay safe, stay safe, increase in streets safe. Another cold with vaccine, a hopeful u. S. Pharma company, modernity. Jab, scholz, 95 percent africas ian trials. That as germany is pondering, even stricter measures to rein in the pandemic. Also coming as development, i think over 19 vaccine makes progress plans to distribute it around the globe are also on the way and once a price tag for the remains of a troubled company, spain, sometime there picks up wire cards, cord, European Business for a 100000000 euros im chris cuomo in berlin. Welcome to the program, and then there were 2 of us former firm, and ernest says trials of its corona virus vaccine candidate show it is 95 percent effective as the 2nd company to announce successful trials after fires there. And by on tag last week, it will still take time for the actual vaccine to be certified. But already there is the question. Will there be e
Stocks really at their highest level since march. Kevin p, its maizing that this market sometimes you wonder whether the market has a pulse that it has this abilities to overlook all of these pulling at us and what were witnessing in our cities. Were in a very troubled time i get it however, every day the world votes, every day individuals make multimillion dollar and one dollar decisions one cent at a time and where do they vote for optimism in the future america. Thats why the markets are doing what they are doing. Its seeing through this the market knows we will solve this problem as we always have and move forward is that what this is about . An abilities to make a big bet on america and our future regardless of what is right in front of us at this very moment . That is pulling at us emotionally. Were able to look past all of that and thats why money continues to come into the stock market you can have any number of reasons to say this market should not be where it is yet we find o
About 800 points on the dow. Youre still looking at a loss of greater than 5 a huge story today the crude oil crush as the saudis initiate a price war. We should think about it in terms of the speed and velocity of decline the s p the is down about 17 . We hear about the news with are the russians and saudi arabia. The problem i have is you have a very healthy patient being the market now it appears to be in intensive care we dont seem to have any doctors around to treat them in intense iive care negative rates are present in the uk, first time ever. We are battling here in the United States with the potential for negative rates the missing link in all of this which is what we saw in 2008 was a global coordinated effort. There does not seem to be a globally coordinating effort to address that i think thats what the market is riding against. Liz young, what do you see . Lets start with the globally coordinated effort i think theres been an effort from Central Banks thats been reasonably
1 you see it there at. 89. An amazing day yes, it is. Thank you so much. Welcome to power lunch. We have all the angles of this historic sell off covered. Bob is watching stocks for us. Rick tracking the historic lows in bond yields all eyes are on the trump administrations response and stooefr steve is on the feds next move. Well start with bob were back at the lows for the day. That 7 level becoming important because of the Circuit Breakers. We had the halt at 9 33 eastern time lets review the Circuit Breakers because they were very important this morning these are long history but only used once. Level one down 7 . We saw that at 9 33. Theres no other halt if were down 7 . Next level is down 13 that would be another 15 minutes until 3 25 p. M. Eastern time and there would be no trading halt at all unless we went to level 3 down 20 that would halt trading for the rest of the day. These Circuit Breakers had a long history this goes back to 1987 remember that 22 drop everybody said we
A white house official says a response could come this week. There has been a breakthrough in libya peace talks. The United Nations says the countrys warring sides have agreed to turn a ceasefire into a lasting deal. Weeks of sporadic violence have derailed negotiations and dashed hopes for a more permanent agreement. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, six 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following. A sea of red for global stocks. The s p 500 wiping out its 2020 gains and posting its worst day in two years. Investors fearful as the Coronavirus Spreads far beyond china, potentially upending Global Economic growth. Seek safe havens, gold looms toward 1700 an ounce. We talked to the ceo of