3 am here in moscow thanks for joining us tonight r. T. International and welcome to the program. Well the oil stocks are taking a major hits following the failure of crude producing countries to agree to production cuts as the month for oil full of it fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more has. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minutes free 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 essentially to the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited demand around the coronavirus w
Yields down by about eight basis points, once again under 1 for the 10 year. Time now for global exchange. From hong kong to washington to new york, our bloomberg voices are on the ground with this mornings top stories. Want to beginning asia. Total coronavirus cases around the world is now above 95,000. Cases seem to slow in south korea, while switzerland reported its first death. With us now is sophie kamaruddin. Is reporting an increasing number of recovery patients, roughly 62 of those who have been diagnosed who have been discharged from hospitals. The number of fatalities reported wednesday totaling 31, all of which were in hubei province. Jinpings scheduled visit to tokyo has been delayed, and Prime Minister shinzo abe did reveal tighter border controls and japan, including two weeks of quarantine from visitors arriving from china and iran, as well as south korea, where cases have topped 6000, but the daily count has slowed has monday at the country been testing hundreds of thou
From moscow thanks for joining us and i thought international on your walk ins with you here 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 demand for oil falls of it fears about the coronavirus saudi arabia says it will increase output after a dispute with russia but war has 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
Sports world coming to a halt while the happiest place on earth closes its gate. 2020 race impacted by coronavirus as well, Campaign Events canceled. Debates with no inhouse audiences, mornings with maria live right now. Maria we want to check overseas marks right now, take a look, mixed story over in europe. Ftse 100 now turned negative, down 421 points, 7 lower on financial times. Cac request rant is up 150 and dax index in germany up 307 points. 3 apiece. We are looking at those losses extend this morning in the uk. In asia overnight it was red across the board certainly in the heels of wall street but markets in asia actually closed off the lows of the session, worst performer was japan, down better than 6 followed by korea. South korea banning short selling for now 6 months, lets check Interest Rates, the yield on the 10year treasury moving up. The yield is up now 10 basis points at level of. 896 on the 10year, Oil Prices Rising this morning after 2 days of decline as the price wa
And i welcome to r. T. International life from moscow hawkins were you to begin from tonights 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 model for oil falls amid fears about the krona virus saudi arabia says it will increase output after a dispute with russia with more heres a little. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free 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 essentially to the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited dem