It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of coronavirus throughout italy and europe. New york is taking drastic measures as well. Creating a socalled contai
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
Year high as the coronavirus layoffs start to show u. And Oil Rebounding crude on track for its biggest oneday gain ever. Absolutely. Its up 26 though still down 17 for the week as a whole. The dow was up 500 points. Now only up 235. Lets focus in on the key stories were watching mike is tracking todays Market Action e meg is covering new developments from the Pharma Industry and kayla has the latest on proposed bailout, but mike, lets kick things off with you. Thanks. Obviously seeing a general pause in the intense selling weve seen perhaps had a wave of that liquidation pass us by and the big old Growth Stocks are leading the way. That hasnt changed through this whole sell off especially sed soed if you look at a one yore chart starting with the nasdaq, 100 the leader, s p 500. The equal weighted verse then the small cap russell 2000 you see that distinct tearing on a oneyear bases in terms of what has worked better if you just focus in on the last month, by the way, one month ago to
Just gone 5 pm in moscow you watching r. T. International have not been repeated in hasnt ruled out staying in power if thats what the people didnt made the suggestion as the duma discussed potential changes to the constitution however the president did say it would be up to the people to decide in a public vote next month so lets get more details joins me in the studio now what did mr putin actually say well he this is this is all in all a justification for these constitutional amendments that are being pushed through explaining why russia needs them going into the future why theyre going to make our lives better and why they need to be put through now obviously it is as you said subject to a popular vote. Next month but a lot of the attention especially today was on 2 points that Vladimir Putin commented on these are constitutional amendments proposed by the parliament the 1st one was whether putin would support lifting constitutional limits on the number of terms a president can ser