A political transition and bolivias former leader abel morales heads home from exile in argentina just days after his party swept back to power we will have a live update from one of science. To simply told you sport is less than the brim of age schools in stoppage time as a simulation state some of the telly and league while he goes to the dont call in show. The fight against covert 19 may have taken a significant step forward this monday the u. S. Drugs make a fine vaccine candidate has proved to be more than 90 percent effective bringing some hope in a pandemic thats killed nearly 1300000 people all over the world now pfizer says it is on track to ask for permission to sell the vaccine before the end of the month but u. S. Health regulators have. Theyll need some time to review any potential vaccine the head of the World Health Organizations also been calling for Scientific Solutions and solidarity to end the pandemic that was what proved to be a largely Virtual Meeting of the w h o
Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning once again, it is back above 1 . Tenure now sitting at 1. 8 that is up ten and a half basis points. The coronavir
Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
States the person behind that report will be here and later, carson clock. Right now carson will join us to fight back you dont want to miss it. Power lunch starts right now lets get straight down to more on what we know about the phase one deal and what we are still trying to figure out what we know is its an 86 page deal in a leather bound book outlining principals on intellectual property and currency by which both countries will abide china will be purchasing 200 billion in u. S. Goods includin up to 50 billion in agriculture goods. It will be no new tariffs so long as the two sides are abidesing by the agreement and continuing negotiations. No additional tariff roll backs are scheduled beyond the september 2019 round that President Trump announced by tweet today. Ambassador Bob Lighthizer told reporters he expects some ministe ministers, not the leaders, to sign the deal in january in washington the deal will take effect 30 days after that. I asked what happened over the last two
Markets. We have the latest from d. C. Bob is on the floor of the New York Stock Exchange with todays big movers we start with you. Nato leaders have a long lis of item but President Trump is talking trade. Thats in response to france is taking share of tech giants revenue. The u. S. Is considering new tariffs on french luxury, goods even though the two countries stuck a 90 hhday truce in august that didnt happen it could be another work around and leaving the door open there. Markets are focused on china with President Trump now saying the deal could be shelved until next year. I have no deadline, no. In some ways i think its better the wait until after the election, you want to know the truth. I think its better to wait until after the election with china. Reporter thats the existing 53day truce on shaky ground ahead of a new round of tariffs that would hit consumers the trump were to delay those without a deal or another development in talks, that would be the fourth time that he ha