To beat this disease maybe it even needs a bear market which is where we are today and the dow plunged and s p and nasdaq nose dived 4. 7 coron as coronavirus is a Public Health crisis wreaking havoc all over the country and it hasnt effected that many people yet but we know it will. And we thought we could keep it out and then thought it could be contained and then as it kept spreading we were told there was no big deal. Theres so few cases and so few why all the fuss and we discovered the Term Community spread we heard about the outbreak in Washington State and then the suburbs of new york and then the fiasco it dawned on us when they say novel as novel coronavirus, novel means we have no immunity to it. We have no vaccine if you dont, try not to get it. We have no tamiflu once you get it were all against this unseen nightmare. Novel, steven king novel all right. Were cancelling big Public Events what happens next. The two ways to do this, two ways to play it, pile on once again and
By 0. 1 . In the last 24 hours, the president of the United States is heading to israel. Tom per is no other story today. There is no other story today. He is basically traveling to a war zone. Jonathan he wants to present prevent the conflict from enveloping the whole region but how to develop a plan to get aid into gaza. Lisa thats one of the key components with the talks with tony blinken. I find it interesting that President Biden will be going to israel and going to jordan right after, entering the zone with Security Issues and Strategic Issues and have the u. S. Will influence this. Tom im reading on the turkish war in world war i and its amazing the parallels to right now. We are out front on diplomacy. Someone asked the secretary of state where hes been and he said he can remember. They have parallels to 1914 as they try to avoid war. The daily mail in london today talks about the tunnel structure of hamas, 40 feet underground and maybe as many as 300 tunnels. Thats the reality
Against the dollar. The bitcoin bounce. The cryptocurrency surges more than 7 as trading starts on the worlds biggest futures exchange. Are we heading for another new year selloff . Matt were less than a halfhour away from the european open. Lets take a look at how the equity Index Futures are doing with no comment from the on the bitcoin news. You see futures down a third of down. 2 . We saw big gains for futures earlier, so if we have red arrows across the board on futures, that is interesting considering how strong they were this morning about 10 minutes ago. How it is interesting things are starting to turn around, because friday we saw be s p 500 trading up by. 9 . The nikkei overnight is up. Matt i am going to say that those futures were somehow incorrect. I still see strong gains on my bloomberg. The dax futures are up. 8 . I am going to say those should have been green arrows. Guy always believe the bloomberg i think of the message from this. That is the takeaway. 9 . P 500, up
Earnings. Joining us is Christine Harper from bloomberg. We are joined also by allison williams. Christine barclays and some of the banks around the world are up. Postbrexitthe trading and money market reform is coming into play today. That drove up client act timmy. Rates in particular. The fixed income trading is not really anything. Nobody was expecting that. Allison estimates started to come out and people felt better. We knew it was strong because of exit. August was a typical seasonal slowdown. Saw, inm things we general when things are accelerating, thats only 10 to get some of these beats. Christine its interesting. Thatd the First Quarter was terrible for a lot of banks. The Third Quarter which was summer was really good. Its up 48 year on year. On the money market reforms, how much of that is a oneoff due to that figure we wont see again in the next quarter . There is always a number of things that we are not going to see in the next quarter that we will hear analysts asking
It all, the dax, the ftse and frances cac, all up this morning as you can see britain not, perhaps, with the uk, at least for now the uk. Maybe not that much longer. The 10year, there it is, 1. 57. Only a few weeks ago we were below 1. 4. I know. We have moved up. Oil at 44. Didnt think we would take it at 45. Inventory at 10 30 today. Lets get to the rest of our road map this morning and it start with more fireworks from the Republican National convention as we kick off day three in cleveland and carl, of course, as we said is there live. Shares of Morgan Stanley up in the premarket on earnings. We will dig into the numbers. Also ill be speaking to Ceo James Gorman later in the show this morning. And roger aisles future at fox is in question. It appears he will be leaving the network he founded after the Sexual Harassment claims. Were going to give you the latest details and what does it mean for 21st century fox, the company. But first, lets get to carl in cleveland. Carl . Hey, good