A british soldier. The senior most Catholic Cardinal convicted of child sex abuse makes a last ditch effort to clear his name well have a live update. It is the worlds Biggest Health crisis of the decade the corona Virus Outbreak has now officially been labeled a pandemic as the disease continues to spread around the globe countries around the world working to limit further spread including the u. S. Which has imposed a travel ban to clear most of europe for a month President Donald Trump blames the e. U. For the situation but he downplayed warnings of a potential recession. Taking early intense action we have seen dramatically fewer cases of the virus in the United States than are now present in erupt. The European Union failed to take the same precautions and restrict travel from china and other hot spots as a result a large number of new clusters in the United States were seeded by travelers from europe. India has also taken a dress to step suspending almost all these to the country
A british soldier. The straightest high court delays a decision on Cardinal Pells last ditch effort to drop his conviction in a child sex abuse case. It is the worlds Biggest Health crisis of the decade the corona Virus Outbreak has now officially been labeled a pandemic as the disease continues to spread around the globe countries around the world are working to limit the further spread including the u. S. Which is imposed a travel ban to most of europe for a month president onil trunk blamed the e. U. For the situation and downplayed warnings of a potential recession. Taking early intense action we have seen dramatically fewer cases of the virus in the United States than are now present in erupt. The European Union failed to take the same precautions and restrict travel from china and other hot spots as a result a large number of new clusters in the United States were seeded by travelers from europe india has also taken a drastic step suspending almost all visas to the country there
Angela merkel does not rule out joint eu debt issuance. Nejra another emergency move from the fed sent stocks and yields soaring, but we are reversing some of those gains today. The 10year yield, we saw the biggest route in 10 and 30year treasurys 1982. We talked seven basis points on that 10year yield today. Asia. N the screen in the moves we saw yesterday in , also theisk on prospect of that stimulus to the tune of more than 1 trillion, but the question for markets is how can risk on continue until we see any kind of inflection rate in global coronavirus cases . Yousef this emergency Lending Program that has come out to try to support primary dealers is front and center in the Monetary Policy side. You mentioned some of the we got on the fiscal side. We are firmly downward, 3. 7 2000. Than also look out for major moves in the commodities and epic space. For the bloomberg in the commodities and these days. If you do have this continued depreciation, then a lot of these measures arent
Facing. Really reminiscent of that merce outbreak in 2015. We saw that 10 billion extra stimulus package back then. Because of this, we are seeing the markets under pressure, but one exchange that im watching is small caps in china. Actually at the highest level since october 2016. We have seen those pboc Monetary Policy measures. Not to mention more news that china could be taking over a hardhit industry. Lets get a broader check of the markets with Sarah Ponczek. Pretty much Everything Else is now trading in the green as the trading session does progress. We have seen markets turn lower under further pressure. 0. 2 but still on track for its best week since june. The hang seng now down 1 . Many times this week we have seen the benchmark approach 50 day moving average, but we have seen it fail as we have seen today. The nikkei roughly flat, but modestly lower. After trading as high as a half percent early on. Then we see the south korean kospi and underperform her across the region on
U. S. Economy stimulus package to boost the u. S. Economy during the current virus crisis. Plus 3 more u. S. States go joe bidens way as he surges ahead in the race for the democratic president ial nominee. The end thank you for joining us restrictions around the world are becoming more severe as countries step up their efforts to hold the spread of the coronavirus as a global number of infections nias 200000 malaysia has rolled out some of the most drastic measures seen across asia as it recorded 673 infections cases in 7 other Southeast Asian countries and more than half of malaysias infections have been traced back to a mosque in kuala lumpur in the United States the trumpet ministration has announced a one trillion dollars stimulus package to try and stabilize the stock markets and prevent the economy slipping into recession australias Prime Minister has imposed a global do not travel order and a ban on indoor gatherings of more than 100 people that comes after he labeled the pande