Intelligence suggests moscow is trying to help his campaign. Voting in togo where the president s expected to extend his familys 53 year long grip on power im joined again with your sports heavyweight boxer day and while that anticivil here have weighed in ahead of their much anticipated title rematch both of them later in the fall its. The sudden spreads of coronavirus to host of new countries is concerning the World Health Organization in the last hour or so the w. H. O. Chief has ours all countries to invest urgently in preparedness and the number of people have contracted the virus is more than doubled in size korea 229 new cases have been reporting taking the nation while 2. So its a 433 with 2 fatalities the government says urgently sends in medical help to the city of daegu Health Authorities in iran have also reported another death bringing its total to 5 People Killed with nearly 30 infections there largely centered around the muslim holy city of whom were infected travelers f
The Global Supply chain factor. Early facebook investor Roger Mcnamee joins us for what the virus means longterm for Companies Like apple and tesla. Paul, dramatic day for the markets and elsewhere. Why are you following . Paul tuesday trading day in asia, i guess the question is, to far is this stone going think . A drop asoking for well, about 2. 5 . Nikkei futures, big hit, 4 . South korea had one of its worst days and 17 years on monday. Japan of course playing catchup because monday was a Public Holiday. Take a look at currencies. The aussie dollar hit the yard over the past 24 hours. Currently just hanging on above . 66. The aussie 10 year continuing to slump toward historic lows. Of red. Uyh a lot in the u. S. , stocks tumbled. Three benchmarks slumped. Good to Abigail Doolittle lets get to Abigail Doolittle in new york. Abigail the markets selling off in a big way. Here in the u. S. , a three day slide. This is the worst of those three days. Friday, the disappointing pmi number
We have an exclusive interview. In hong kong the government is again rejecting calls for universal suffrage for the chief executive here. This as anger bubbled back on the streets of hong kong. Shery australian markets have just opened to trade. Lets turn to sophie for a check of what she is watching. Sophie we are seeing stocks gaining ground,. 1 with the stock market looking overheated and valuations and records. The latest, investors buying into the aussie stock rally. Environmental risk around the earnings estimates. Futures looking mixed. It is opening slightly lower, this nikkei futures under pressure ahead of japanese industrial output we will get later this morning along with taiwanese export numbers and jobless figures from hong kong. We are seeing new york crude. 1 , asground over investors consider the potential impact from the auction health in libya and iraq. Said this is a policy delay disruption and there could be a quick turnaround if there is a political solution. Liby
A i will tell you so much to get to so lets get started. Ahead of the World Economic forum in davos today the i. M. F. Has tremendous Economic Forecast for 2020 from 3. 4 percent to 3. 3 the downgrade was issued on the back of weak data at the end of 29000. 00 led by india slowing growth and credit squeeze this is the i. M. F. 6 straight reduction though its cautiously optimistic that Global Growth may be stabilizing at subdued levels Manufacturing Activity and global trade have bottomed out but the im not warned that the Global Outlook remains on the downside additional risks include rising geopolitical tensions between us and iran and higher Tariff Barriers between us and its trading partners most notably china mark conflict is a rising between france and the u. S. Over the new french general attacks targeting Big Tech Companies and this poses a big risk if it is not resolved davos as italy the u. K. Turkey and other e. U. Countries are likely to follow frances lead. The i. M. F. Upg
A possible cyber attack are widespread as a run has strong Cyber Capabilities and it has previously been linked to attacks on major banks such as j. P. Morgan bank of america and wells fargo in 2012 saudi aramco suffered one of the worst Cyber Attacks in history when 35000. 00 computers were partially wiped or destroyed by hackers now while the decline housewife almost 200000000000. 00 on the companys market cap saudi aramco shares are relatively insulated from conflict as many of them are held by government institutions and regional investors who are less likely to sell the company now continues to lean heavily on friendly local investors to uphold its bloated valuation. Joining me to take a deeper dive into these topics and to give us a broader scope of how markets are reacting were happy to be joined by peter schiff of europe a civic. Above the trading thank you both very much for being here so peter lets start with you gold and oil now are are spiking for very Different Reasons wha