The cash trade is an hour away. Lets get your top headlines for you off of the bloomberg terminal. Operation work speed. President is organizing a Manhattan Project file effort to fasttrack a coronavirus machine. Big pharma will work with washington and the military to develop it by years end. Lasting damage. Jerome powell voices concerns about the longterm fallout from the outbreak. Attention turns today to Christine Lagarde as economists expect the eurozone economy to pump the most since the Second World War. Grenada cuts. Norway joins opec in slashing oil output. We will see shortly what the ceo , after exxon mobil throws its dividend for the first time in 13 years. Just under an hour away now from the start of cash equity trading across europe. Lets take a look at futures here. We have gains on the euro stock. In bluechip benchmark index europe of almost 1 . Dax futures are up more than 1 this morning as ftse futures rise about three quarters of 1 . Anna . 6 anna lets talk about br
0. 769 a little lower than weve seen in weeks leading up to this. Joe, the most important thing youve said is it is friday. Is it friday . The days are all it has been months. And then again, it feels like one whole long day for the week. In this new bull market we are in we will see, hopefully. Three days im not saying that we are they make no sense anymore. I guess it is possible we could look back a year or two now and say, wow or as Paul Tudor Jones said. Are we opening he said we could probably see some new lows. We are still on the front edge of this horrible thing that will play out in new york and other cities hopefully not as bad as people thought. The coronavirus cases surging to nearly 86,000 passing italy and china and making america the site of the largiest outbreak. The death toll is nearing 1,300 in the u. S. So far those number doubling somewhere around every three days right about now, a little less. Lots of questions about other areas too now how this is playing out i
Will he address this in any way . Sarah we want full transparency. We will make a decision when and if that time becomes necessary. In terms of the state of the union i not going to get ahead of the president s address. I know you will eagerly tune in to see what is going to be included. We have addressed it every day we have been here. It is one of the questions you asked over and over again. That. Nd more on poll after poll, frankly no one cares about this issue. It is not the thing that keeps people up at night. My guess is that will be the focus of the union tomorrow. President speaks, president s are normally optimistic. What is the state of our union today . It is incredible. I think you will hear that in the president s remarks. We have an economy that is booming. Isis is on the run. There are some great things happening in this country. You can expect to hear the president talk about a lot of those. Not only the first year but the great things we will do in the next seven years
While maintaining the price of Economic Growth . This is bloomberg surveillance. Im mark barton. We have headlines from the ecb. It says debt sustainability concerns have risen in the last six months amid a potential increase in yields. The ecb says risks to Financial Security stemming from Financial Markets remains significant, mainly because of the possibility of a rapid repricing in Global Fixed Income markets. It says an abrupt repricing could materialize because of spillovers from high yields in advanced economies, in particular te advanced economies, in particular the United States. The fed has raised rates twice since last year and policymakers are predicting two more in 2017. Unconventional stimuli are moving close, the officials caution that in the light of inflation and Global Economic risks, qe must be unwound gradually before higher borrowing costs should be discussed. We will speak with matt miller about this. A quick look at the markets today. The stoxx 600 is up by 1 5 o
The president has created an uncertainty for outside the norm. Sleptons have been on my North Koreans and foreign entities including a stateowned Foreign Trade bank in addition to the ones only sanctions list. Recent travel they have an asset freezes were added to the north bring itctions list to in line with the Security Council resolution. The resolution was announced last week in response to response toe yongyangs ongoing threats. The gulf coast was hit last night. The argument has downgraded the storm to a tropical depression. Franklin became the first hurricane of the atlantic season on wednesday and hidden are north hit north of the city. There were no reports of deaths. Mexican Authorities Say there was less damage than feared. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, i am julia chatterley. Scarlet and im scarlet fu. We are 30 minute