Afghani as he and. Are sworn in as afghanistans president rival. And celebrations in sudan after its Prime Minister survives an assassination attempt on his motorcade. May have played its last match behind closed doors for a while as the countrys. Plunge into oil prices triggered by a dispute between saudi arabia and russia has sent stocks plummeting on Global Markets already spooked by the coronavirus billions were wiped off the value of Major Companies on monday londons footsie 100 suffered its biggest one day 4 since the Global Financial crisis of 2008 the index closed 7. 7 percent. Hong kongs hang seng index fell 4. 2 percent thats its biggest one day fall in 2 years and that spilled into other asian markets trading was hold. On the New York Stock Exchange for 15 minutes when the dow jones tumbled more than 7 percent shortly after it opened then it closed almost 7. 8 percent that. Wild crazy barrage wiley is a professor of International Business strategy at the university of surrey
Lets firm up our competence together we will definitely win the battle. And well win and china will win. Meanwhile iran struggling to contain the spread there have been more than 7100 active and at least 237 people have died that number is believed to be much higher now unlike italy and china iran has not placed anyone under quarantine the u. S. Is also working on how to combat the spread of the virus and Vice President mike pence announced Insurance Companies have now agreed to cover copays per coronavirus testing. Please you reported as you requested mr president the Insurance Companies here. For today. To waive all copays and coronavirus testing. Extend coverage around our. You know your benefit plan and your direction here in america last week already made clear to Medicare Medicaid beneficiaries the coronavirus testing and treatment would be covered these private carriers extended as well currently the us reported 761 cases the death toll now at 27 but the number is expected to sk
Warrant that level down sharply today we know you have all the analysis covered well try to get some rest tonight guys see you tomorrow morning thank you very much. Welcome to fast money, im Brian Sullivan and your traders on this very important night tonight are tim seymour and guy adami. Well get to that in a second. A record day on wall street, and for many a day to forget all three major averages plunging more than 7 . The dow the biggest loser, falling 2,013. That is not a misquote, thats the largest point drop ever in one of the top ten biggest decleanings on a percentage basis ever the transports crushed, falling nearly 0 , their worst day since all way back in september of 2001 on 9 11. Todays losses fueled by that crude crash we just discussed. The snrg sector having its worst day as well. Oil losing a quarter of its value, crude is trading below 31 a barrel many oil and gas stocks down 30 and 40 today. As the market assesses many of these companies ability to survive in a low
Joining us tonight in our 3 International Im Daniel Hawkins wherever you are welcome to the program. A World Oil Stocks are taking a major hit following the failure of crude producing countries to agree to Production Cuts as the month for oil falls amid fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more heres arties. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free is on futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point it being traced back essential each of the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited demand around th
Around the globe we have a packed show for you today so lets go and dive right in. The corona virus continues to spread across the world as europe and the United States prepare to see a sharp increase in the number of cases italy continues to enforce its walk down of some 60000000 people with 1000 new confirmed cases the European Union press president met with Prime Minister is Via Video Conference on tuesday afternoon to cordon they offered to combat the virus and this comes as chinese president xi jinping made a visit to hunt china this was his 1st time since the start of the outbreak china recorded its lowest numbers of infections there were just 19 and they were all in speaking to doctors behind a screen she thanked some of the medical workers. You are wearing protective clothing so i can see your real faces. But in my heart you are the loveliest people in the world so what you should do now is to firm up confidence lets firm up our confidence together we will definitely win the ba