Joe bidens bid after pulling out of the president ial race. And im far as well have all the days sport news including misery for josie marine years tom then this thing added. To. The lower for what was starting with the meeting between the leaders of russia and turkey which is expected to begin in the next hour of course theyre discussing the situation in northwest syria with the 2 countries backing opposing sides of that conflict i may recently came close to a direct confrontation in the if they province in Northern Syria turkey trying to back or push back the Syrian Government forces who are supported by russia also is also accusing on for a violating a 2018 deal to create a Demilitarized Zone and helping what it calls terrorist groups in the area meanwhile inside it lay witnesses have told al jazeera that russian airstrike. Have killed at least 15 people in farms which have been sheltering displaced civilians and there are many more injured correspondents on this story at this hour
Said the fed was justified cutting rates. It means asow what we look across assets, the dividend yield minus the 30 year bond yield, the spread between the two is the widest. That the 10 year today. Itting 106 earlier thanks im looking at crude oil as saudi arabia tries to force russia into deeper output cuts. This standoff is pretty unprecedented since the time the alliance was created. Saudi arabia may be willing to walk away if it doesnt get a positive response from russia. Thanrude oil is down more 24 this year. Thank you. Reporterh this is our and guest. We looked at the sectors, nowhere doing good. Are there that you would like tomorrow and in the future that you have your eye on . Given how stretched to the downside bond yields are, and if the news flow gets worse in the nearterm coming yields can go lower. There is some opportunity in the cyclical areas. Im not sure we are quite there yet. It doesnt mean we have to ,actor in prolonged recession but even if you take the microcos
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Meaning less demand for oil. Meanwhile similar story in bond market, yield on 10year treasury below 4 tenths of a percent overnight. Now we are staying right under and it is down 28 basis points. Again, another indication of a recession at hand. The 30year following 1 for the first time in history. The 30year bond, the yield there at. 883 . Thats down 40 basis points this morning. Global markets reacting to all of this this morning in the stock market. Deep selloff in europe. The cac quarante down 335 points. That is 6 and a half percent and dax index in germany lower by 672. Overnight in asia across the board. Chinese experts tumbled in the month of january, more signs of trouble in japan as well. First quarter gdp lower in japan showing the economy contracted 7. 1 from the previous quarter. Thats a sharp contraction in japan. This on top of the Coronavirus Crisis, cases in the United States and abroad are growing. The white house looking into emergency measures. Overseas italy report
My. Other thanks for joining us this is r. T. International. The dutch led criminal trial into the downing of the may 17th passenger plane opens on monday 6 years after the Malaysian Airlines flight was shot down over ukraine killing all 298 on board subsequent probe alleged that a missile which hit the plane was transported from russia the probe has been heavily criticized as biased solitude minsky has more from the netherlands. Its a trial its set to last more than a year 3 russians and the ukrainian are accused of helping to bring a book Missile Launch from russia into Eastern Ukraine where it fired the fatal shot that brought down the boeing 777 the 4 suspects are not charged with personally firing the missile the men all deny the charges International Arrest warrants have been issued for them but they wont be here and will be tried in absentia some of those that we expect to be here are 13 secret witnesses whose identities are being protected and thats because dutch prosecutors sa