Matt the coronavirus spreads stateside. New cases across the u. S. Including in new york city. President trump meets with pharma executive today as the global death toll passes 3000. The fed is in play. Policymakers stand ready to cut rates but doubted they can fully offset the virus in fact. Goldman sachs sees a 50 basis point reduction this month. Berlin reports its first case of the coronavirus. Italy seeks a wider deficit to pay for emergency economic measures as cases soar. We are under an hour away from cash trading in europe. You are getting 1 to 2 gains in futures, the ftse futures up. This is after the biggest route we have seen, we saw last week since 2008 for the broader stoxx 600 european index. Getting gains in the preachers in the u. S. Are not as sharp but we are 7. 5 hours away from the start of trading there. The nasdaq, down, many contracts rising this morning. What are you seeing . Money going into risk assets. That is the theme through the Asian Session and markets
Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec
There first, youre going to ia lan mui has more from juan. Have the best ai solution. There are new ground rules its going to be hard not to for competing in the digital economy. New proposals out today are deploy the best ai solutions because you will have better answers than the competition thats a real vice and real conundrum five, ten years down large floikoused on eai highrik the road as facial recognition applications that face more software, health analyses, loan, stringent regulation and that means Greater Transparency in the data sets, methodology, we use this software thats just notification to users and better at doing it versus this software that eliminates these guarantee of human everysite buy seize, maybe this bank will meanwhile the ee wau wants to ct just be perform a lot better than that bank a Single Market for data, pulling Government Resources it will be a real vice and real into what they call an ecosystem problem. Yes, certainly facial of excellence. Europe belie
They said several would be limited because of uncertainty the risk of a hard brexit had receded. Overall they said the risk of recession had fallen but they added uncertainties remain, including those posed by the coronavirus. They said, quote, the threat of the coronavirus in addition to its human toll had emerged as a new risk to the Global Growth outlook that warranted close watching you heard other fed officials talk about this since that meeting. Now, also importantly, several fed officials saw elevated levels of equities, corporate debt and commercial real estate valuations they noted the high levels of corporate debt and weak underwriting and worried about Bank Dividend payments, reducing capital by the banks, it was noted that levels are high and they debated whether low Interest Rates created financial risks. New debate we see some of it on maybe more in the open now. Many Committee Members said they should not rule out the potential ty of adjusting the stance of Monetary Poli
The march around the world the demand for test kits is booming even as a taper lynn company that makes kids find out how important plus german lawmakers vote again today as congo Americans Party tries to put to bed a little scandal surrounding cooperation with the far right and the rings. Im calling aspen thanks for joining us there have been fresh confrontations at the turkish greek border between migrants seeking to enter the European Union and police determined to stop the Greek Security forces have been using tear gas to prevent groups of migrants and refugees from crossing the land border they have made repeated attempts to breach the frontier in recent days thousands of people have been stuck in no mans land outside the turkish city of a d. N. A. Since friday. And the situation on the greek islands closest to turkey has also been deteriorating on lesbos long a flashpoint in the migration crisis refugees and locals have been clashing with police. Standoff at the port of new to unl