Consumer confidence relatively judge the michigan consumers intimate data is a good guide. Lets break it down a different way. Current conditions, 85. 9. That is above expectations at 84. 9. This is what i was really looking for, expectations also ,oming in ahead of expectations but they are still below current conditions, 79. 2. They are not going down, which ethic is the really important thing, as we see the virus picking up. Alix and we didnt get stimulus, counterintuitive to what many thought would happen. Big tex stocks are lower on a stocks big tech are lower on a flurry of data. Now with us, mark st oeckle. Are you buying the dip . Tok i think people need keep it in perspective. The reports were good. I think what we are seeing today is skimming a little but of the froth out of the valuation adjustment. I think they are all very wellpositioned and very well performing companies, but lets also not forget weve had a big run up into these numbers. The interesting part is you look a
Countries around the world are struggling to keep up with the coronavirus pandemic Global Stock Markets have had a turbulent week with some of the worst losses and i would 30 years so whats the economic fallout and calm a global recession this is inside story. Hello again im james burke says its the worlds Biggest Health emergency the corona Virus Outbreak is now a pandemic and there are fears it could lead to a catastrophic Global Economic crisis sweeping containment measures have disrupted markets around the world including the u. S. A travel ban on 26 European Countries came into effect on friday and the unprecedented move sent stocks crashing to their worst losses in over 30 years on wall street the Dow Jones Industrial average sank 10 percent on thursday its biggest plunge since the black monday crash of 1907 while european markets showed some signs of recovery on friday throughout the week Global Stock Markets saw their steepest decline since the 2008 financial crisis wiping out
Highlight the countrys shocking right. Tonight. Well we begin with the sound off on Global Stock Markets prompted by fears about the coronavirus and made worse by a row between saudi arabia and russia. Which sent oil prices down 20 in london the fifty one hundred almost 9 its biggest one day drop in twelve years. In new york trading was briefly suspended and when it resumes the major indices fell six points weston pony has more. Dozens oforried phone calls at this parisian trading room the french Capital Stock exchange plummeted more than 8 on monday. The latest dp in a two week decline. Okay around the world stock markets have also been in freefall trading rules of the new york Stock Exchange triggered a fifteen minute trading suspension after the dow jones and s. And p. Five hundred. Open down than seven percent. The reason behind this market crash it did this combinaon for the Global Economy. On the one hand and bill price war between russia and saudi arabia which sent the price of
A catastrophic Global Economic crisis sweeping containment measures have disrupted markets around the world including the u. S. A travel ban on 26 European Countries came into effect on friday and the unprecedented move sent stocks crashing to their worst losses in over 30 years on wall street the Dow Jones Industrial average sank 10 percent on thursday its biggest plunge since the black monday crash of 1907 wiping out billions across the e. U. And asia pacific the Airline Travel and Hospitality Industries are also expected to be hit the worst and theres been a slowdown in manufacturing particularly in china where the outbreak originated and the crisis has led to all we can demand for oil but it crashed further after a dispute between saudi arabia and russia on prices and production. Well lets bring in our guests to discuss this further in washington d. C. We have pedro de coster hes a Senior Reporter at Market News International joining us on skype from brussels haas circle the marque
Countries around the world are struggling to keep up with the coronavirus pandemic Global Stock Markets have had a turbulent week with some of the worst losses in over 30 years so whats the economic fallout and can a global recession. Story. Hello again im James Burrows its the worlds Biggest Health emergency the corona Virus Outbreak is now a pandemic and there are fears it could lead to a catastrophic Global Economic crisis sweeping containment measures have disrupted markets around the world including the u. S. A travel ban on 26 European Countries came into effect on friday and the unprecedented move sent stocks crashing to their worst losses in over 30 years on wall street the Dow Jones Industrial average sank 10 percent on thursday its biggest plunge since the black monday crash of 1907 while european markets showed some signs of recovery on friday throughout the week Global Stock Markets saw their steepest decline since the 2008 financial crisis wiping out billions across the e.