Contain it. Welcome to the program malaysia is racing to track down potential coronavirus carriers confirmed cases spiked to 673. 00 nearly 2 thirds of those are linked to a mass gathering of muslims have late last month now thousands of attendees still havent been tested across the globe restrictions are becoming more severe as the number of infections worldwide approaches 200000 australias Prime Minister is calling on citizens to avoid any International Travel and theres now a ban on indoor gatherings of more than 100. 00 people in the United States the trumpet ministration has announced a one trillion dollars stimulus package in a bid to lessen the economic fallout but oil prices have dropped to their lowest level since 2003 with wall street due to open very soon. In italy coronavirus patients are being moved to a new Treatment Center in rome more than 2500 people have died there and more than 30000 are infected and spains Prime Minister has been delivering updates on the situation
At 110. 18. Asian markets were volatile or a little mixed mother has to do with the trade war and how markets interpret whether we are closer to the deal. 1. 7u. S. 10 year yield at flat. Coming up we speak to jim oneill, former commercial secretary of the treasury, that kingdom conversation in just a couple of minutes. Lets get to the first word news in new york city. U. K. , the chief rabbi suggest people avoid voting for the labour party due to antisemitism, he says sanctions from the top. He is not calling on people to vote labour party, but he says british are concerned about a labour government, and the labour party says antisemitism has no place in the party or society. The president claims donald covered by president ial immunity, but he has been ordered to testify to the panel as it investigates, carrie lam isong, not offering any new concessions in her first Public Comment after prodemocracy forces won a landslide election. Lam is calling for dialogue in line with the plan sh
Barbara duran from bd8 capital markets. Thank you for joining us today weve got a lot of forces at play again another kind of side waist market, but some Risk Appetite if you look at whats moving higher today i agree with that i think that the action has been very constructive. And i think whats going on is youve seen the earnings expectations come down you had just a little sample last week, but majority of Companies Beat earnings and the most important thing, i think, was jpmorgan and American Express talking about the strength of the consumer in loans and spending and thats really the underpinning to the economy. And so we also know the fed, they have a meeting coming up. Im not expecting them to cut rates, but they have made it clear they stand ready and i think that forms an underpinning for the market. And not to mention china we have a little truce there i think we were all expecting some more down babeat commentar from what weve heard so far but so far, its been okay maybe rest
Mark lets get the bloomberg first word news. Here is sebastian salek. Sebastian theresa may says parliament should be allowed to taking britain out of the european union. Seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. By a third following the note 7 crisis. The company said profits will come in at 5. 2 trillion one, won, down. Llion donald trump has gone on a twitter offensive, blasting Paul Reid Paul ryan as weak and ineffective. The shackles have now been taken off of him after ryan condemned his comments about women. The nominee continued his campaign speaking in panama city. This election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. The election of Hillary Clinton would lead to the destruction of our country. Againstn fraud charges to a junk rating according to investors. The possibility of an increase in borrowing costs back on the table. He was sum
Is on the rent. Comforting reports if the government will do a bailout or not, it would cascade bankruptcies in that market. It is not just about china. Is this black swan event around the world, what do you make of black swan . Charles the definition of black swan means they are difficult to predict. I have seen a million predictions of the black swan. It completely lacks you out of left field. It crushes you overnight. Stuart do you think the china thing, the wave of encrypt these, several in fact, the you think is a black swan . Charles it is a great thing for china. Stuart explain yourself. Charles the government should not get in the business of propping up failed businesses. Japan did that. Pebble beach, rockefeller center. They want a trillion dollars. They had an implosion, they held up failed businesses, 20 years of going nowhere. Watching that, watching us, this is what we do. If hi the senses fail, let them fail. Stuart hours from now janet yellen gives us their first News C