Testing limit down down by 5 as far as they are allowed to trade down before the open the number to watch this morning is down 136 for the s p. We have touched those lows and bounced off. We are not far off dow futures are down by 4. 74 . Nasdaq down 4. 6 after the opening bell, there are other Circuit Breakers you with watching. They would be kicking in with trading halting over a period of time down 7 this morning if that were to happen, youd see a 15minute halt after trading started. Next is if markets dropped by 13 . Then the third level is after 20 . That would be a halt of trading for the day. We have not seen these tested since 1997 until the last week of trading thats what we are watching so closely. If you take a look at the treasury market, you see the 10year note is 0. 71 . We got back to. 8 or so yesterday. With the yield, i was hoping they would have sold off talking to folks yesterday worried about what looked like it was better than going and maybethere could be problems
The road to hold. Fatah minutes is suggested the central bank will keep rates suggestd fed minutes the central bank will keep rates unchanged. Ubs names its new boss. The worlds biggest wealth manager pouches ings ralph hamers to succeed Sergio Ermotti as ceo. Just under an hour away from the start of cash equity trading in europe. I want to take a quick look first off that ap mollermaersk coming out with earnings this morning. We are looking at a shipping company that posted earnings a little bit ahead of schedule. Let me just pull up the ticker here. Inmollermaersk in denmark, copenhagen of course, right now putting at earnings out earnings. Tda at about 5. 5 million. 5. 5 billion. Ap mollermaersk missing with da. Forecast for 2020 ebit we see the previous years earnings. Previous year and a on the forecast as well. We are getting a lot more here across the wire. Anglo american coming out with earnings. That may go ahead and pull those up as well. Angloamerican fullyear adjusted eps,
But the e. U. May challenges deal with china. Up ad Morgan Stanley wraps big earnings week for u. S. Banks , with a beat. We are live from the Morgan Stanley global Alpha Investment conference in hong kong. Us trillion markets just open for trade. Sophie. Sophie asx us trillion marketst open for 600 the top smock the top stock market so far this year. Broadly speaking, asian futures are pointing higher and regional stocks are headed to a seventh weekly gain. We will see if the u. S. Tech rally feeds into asia, given bullish guidance. We did have alphabet joining the 1 trillion market cap club. Fed expected to stand pat on rates. Looking ahead to the chinese gdp report, futures in singapore closing higher after a three day drop was posted and the offshore yuan is headed for an eighth weekly rise. Thea top forecaster says yuan will in the year is one of asias worstperforming currencies. Shery lets go to first word news with jessica summers. Jessica the Senate Begins the formal impeachmen
1380. Of the reported cases, medical staff being infected. More than 1700 have been infected with the virus as of february 11 as hospitals are grappling to treat the upright with short supplies. In beijing, we are seeing local media reporting that people returning to the city have been instructed to go on home court for 14 days to be observed. This is a human tragedy. At the same time there economic repercussions. What are the supply chain consequences . Sophie the Fiat Chrysler decision to halt at a serbian plant, that due to the shortage of parts from china. That is another example of the knock on effect of the Global Supply chain. That follows on the likes of renaud and g. M. Operations being affected. We are seeing a slow restart of operations. Power demand not picking up as was hoped for after the government called on companies to quicken the pace of reopening at their plant. We do have that in focus. David really appreciate all of your reporting from hong kong. That is sophie kam
Including the implications of changing its drug schedule listing and the potential of Cannabis Research. Witnesses from the food and Drug Administration and the Drug Enforcement agency testify on current marijuana policy, the Health Effects of cannabis, and what steps congress can take to allow for more research of cannabis compounds and products. The subcommittee on health will now come to order. Welcome to everyone thats here in the hearing room. The chair now recognizes herself for five minutes for an Opening Statement. According to the department of health and Human Services National Survey on drug use, 44 million americans reported using cannabis in the last year. 33 states now allow the medicinal use of cannabis and 11 states and the District Of Columbia have legalized cannabis for adult use. But state laws and federal policy are a thousand miles apart. As more states allow cannabis, the federal government still strictly controls and prohibits it even restricting legitimate medic