Points. 770 is the yield on the 10year treasury right now. The yield on the 30year treasury below 1. 35 . It is now down 18 basis points at 1. 358 on the 30year. Mortgage rates are hitting record lows, how you can take advantage of this, these yields are tied to mortgages so we could see refi activity as well. Coronavirus crisis, one hundred thousand confirmed cases worldwide. That number is expected to increase. President trump says that the u. S. Economy could take a hit but says it is all going to work out and everybody should be calm. The democratic field is thinning out. Elizabeth warren the latest to drop out of the 2020 race but not making an endorsement just yet. Meanwhile this Jpmorgan Chase jamie dimon is recovering from emergency heart surgery this morning. The surgery was successful and dimon is awake and alert. Plus nashville recovery, President Trump headed to tornado ravished area today after approving disaster declaration, we will tell you there live this morning for a
Maria we want to get a check on Global Markets this morning. A lot of action, rally in europe as well as the u. S. Right now. Take a look at european indices, cac quarante up 72 and dax up 147 points. Euro zone purchasing managing index better than expected. The spread of the coronavirus is expected to cause weakness going forward. Remember, the outlook thats materially changing right now. We continue to see the numbers today pretty strong. In asian overnight markets are mostly higher. Take a look, the weak spot was hong kong. The others fractionally moving although korea was up 2 and a quarter percent. We do have more bad Economic News out of china. The service purchasing manager index slide to go record low overnight. February car sales plummeting 80 year over year. South korea announcing stimulus package to fight coronavirus. People are saying if he has to cut 50 basis points before meeting, what does he know that we dont know. Maybe its a lot worse that we thought, as a result the
Account is closed for 11 minutes by a member of staff on their last day. Hello, a very good morning to you. Its friday the 3rd of november. Welcome to bbc newsroom live. The storm over allegations of Sexual Harassment labour has suspended an mp. He has yet to comment on the claims. His promotion to the shadow cabinet last year after the complaint was first made and he was reprimanded by the party has been criticised. Labours Leaderjeremy Corbyn refused to comment when approach this morning. Good morning mr corbyn. Goodbye. Did you know about mr hopkinss behaviour . Are you aware of the allegations against him, mr corbyn before you promoted into the shadow cabinet . Were you aware of the allegations against mr hopkins, sir . Goodbye. Meanwhile the former defence secretary Michael Fallon says he categorically denies the claim he made inappropriate comments to Andrea Leadsom. She herself is yet to respond. Well, we have been speaking to our correspondence in westminster very soon. But a l
Most influential companies. Today they let it be known they are frustrated with the government and politicians. Ian reid, jeff immel and jamie dimon gave a vigorous defense of their companies, most of which are widely held by investors. Well start with pfizer. In a wall street journal op ed, ian reid slammed the treasury departments new tax rules which resulted in pfizer walking away from its 160 billion deal with allergan. This ad hoc attempt to single out and damage the Growth Opportunities of Companies Operating within the current law is unprecedented, unproductive, and harmful to the u. S. Economy. He said the broken u. S. Tax system puts American Companies like pfizer at a competitive disadvantage. And now to general electric. In an op ed in todays washington post, jeff immel took direct aim at some of the claims democratic president ial candidate Bernie Sanders has made against his Company Including the criticism that ge is destroying the moral fabric of america. Mary thompson ha
Most influential companies. Today they let it be known they are frustrated with the government and politicians. Ian reid, jeff immel and jamie dimon gave a vigorous defense of their companies, most of which are widely held by investors. Well start with pfizer. In a wall street journal op ed, ian reid slammed the treasury departments new tax rules which resulted in pfizer walking away from its 160 billion deal with allergan. This ad hoc attempt to single out and damage the Growth Opportunities of Companies Operating within the current law is unprecedented, unproductive, and harmful to the u. S. Economy. He said the broken u. S. Tax system puts American Companies like pfizer at a competitive disadvantage. And now to general electric. In an op ed in todays washington post, jeff immel took direct aim at some of ahe claims democratic president ial candidate Bernie Sanders has made against his Company Including the criticism that ge is destroying the moral fabric of america. Mary thompson ha