Market. In the we want to begin in washington, where the u. S. Passed a record 2. 2 trillion economic rescue package. The house will vote potentially on friday. Going this is kevin cirilli. Walk us through some of the highlights here. Kevin shortly before midnight, the senate, in a resounding 960 trillionsed the 2 economic stimulus bill. That puts pressure on the house of representatives to get this done quickly. Theres been some comments from farleft progressives and far right republicans that they may have some issues with this version of the bill. I do not it is about that being enough to significantly stop this from being passed, based upon my reporting. I can tell you that the likely vote will come friday, and President Trump has said he is going to sign this virtually immediately once it lands on his desk. Alix thanks so much. As i mentioned earlier, europe really stepping up its effort to deal with the fallout from the coronavirus. The latest is the ecb started buying bonds, but
A fairly strong currency move this week. Time now for global exchange. We bring you todays market moving news from all around the world. From hong kong to london, frankfurt and new york come our bloomberg voices are on the ground with this mornings top stories. In asia, the coronavirus continues to spread, with south africa reporting a surge in was also inand that south korea. Joining us is stephen engle. Give us the latest. Stephen you have another revision out of china as they get previously unreported cases out of five different prisons in three provinces. You have those supposedly isolated clusters adding to the total again. They revealed the numbers and then added more. In some cases, more than 200 ands in chengdu province another in hubei province. More provinces could report outbreaks as well in those supposedly isolated ecosystems like prisons. As well, we are seeing additional clusters in other parts of asia, not just china. You are seeing a surge in cases of another 52 in sou
It is not clear when the vessel will leave. The ships crew has not turned on its satellite tracking equipment in newly two months, but there has not been any signs it has left its position off of the iranian coast. The World Antidoping Agency is giving russia three weeks to explain possible signs of tampering with data from its doping laboratory. It is an accusation which russian officials fear could lead to a ban from next ares olympics. Over the data was a key requirement for reinstatement of russias antidoping agency. The computer files were critical in prosecuting cases alleged of cheating at major events. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg we are follow
Snapped last week. European markets, lets look at them as well and see how they are faring at this time. You can see down across the board including italy and spain, thanks and france is the worst performer at this hour crude was up a tiny bit, wti kind of a quiet story last week, 56. 76 and theres the 10year yield at 2. 38 lets get to our road map this morning on squawk on the street squt General Electric slashes the dividend by 50 . John flannery outlining his new vision and a Major Corporate revamp plus, wall street pullback, you saw stock futures pointing to a lower open investors still closely watching earnings and any progress on tax reform going on amongst our lawmakers on capitol hill. Toy takeover, shares of mattel surged on friday jim and i will get into that and into the official rejection from qualcomm of broadcoms bid, a lot to get to actually lets get to ge now. Its investor day, just getting under way started at 9 00 a. M. The dow component announces it is cutting Quarte
Here the shares are down 8 right now. Thats not even the biggest point decliner in the dow. Which goes back to how low its share prices got. Exactly. At this hour the Senate Finance committee is beginning to mark up its tax reform bill well tell you whats at stake there and what could be the most contentious issues between the house and senate. Meanwhile, amazon is reportedly considering a freemium option for prime video. Wel n will netflix make a similar move lets get to our top story today, the big decline in ge shares Morgan Brennan has all the ugly details for us morgan reporter hey, bill, yeah, so ge cutting its dividend in half. Its only the third time since 1899 its cut that payout, this is the first time its done it notscenario. Thats only part of the story here big part of why these shares are falling 8 is the updated guidance new eps numbers for 2018 expected to be 1 to 1. 07 a share, reduced by half since the previous target and lower than consensus estimate 6 billion to 7 b