Viewers like you. Thank you. This is bbc world news america. I am laura trevelyan. Ericans are told to avoid gatherings of more than 10 ople as the white house tries to contain the conavirus. Pres. Trump i have to say that our government is prepared to do whatever it takes. There i a market meltdown on wall street as the dow drops 3000 points. Nees are freyed. An how britains advising the early 70s to stay safe. For all of you watching on p and around t globe, welcome to world news america. New york city is eerily quiet. S drastic ste taken to contain the coronavirus. Presidt trump says that there may be recession in america and wall street plunged further. The government has announced strict guidelines over the 15 days. Nick bryant starts our coverage. We live in a world where so much looks familiar but almost everything feels different. On a monday morning Staten Island ferry, these empty roads were a measurecof community ern. A global badge of fear. People are worried and we dont kn
Die. Thats the mantra so many businesses out here. The tsunami of invention disruption reaches far beyond this intense city and the valley that abuts it. The storm clouds darkening the fortunes of others in the inevitable riptide of creative destruction. The reverberations rattle whole industries with a wake so brutal they often determine the direction of stock prices in whole segments on a day where the dow dropped 55 points, s p lost. 16 and the nasdaq decreased. 24 lets just deal with the news. Take the biggest stock news of the day, the possible combination between shop and Td Ameritrade with the former buying the latter in a 26 billion combination that would create what might be an unbeatable 5 trillion online colossus these two companies have been sworn opponents ever since electronic trading became the way of the future more than 25 years ago. They have been in a battle for assets come on, its been incredible. And assets and commissions, the latter knowing no bounds with pervasi
Tea leaves boosting stocks china says trade reps are in close contact with the u. S futures do point to a second higher open. Plus, putting mergers on notice Elizabeth Warren drafteding legislation to reverse mega mergers. And a shakeup at united airline, oscar munoz stepping down president scott kirby will take over next spring we do have breaking news on gm for that we will go to phil lebeau in chicago. A busy day, phil. Reporter it is a busy day, phil General Motors announcing it is forming a joint venture with lg chem the two companies will be creating an electric vehicle battery plant in northeast ohio. It may be if lorn lordstown or outside lorsdtown where gm used to have a plant. They sold the plant earlier this year gm will invest up to 2. 3 billion into that joint venture with lg chem located near lorsdtown, ohio and create up to 1,100 new jobs this is a move many expected they talked that it had plans to add jobs in northeast ohio we will talk first with gm ceo mary bar repor
Treasury yields. Can a speech maintain the momentum . Two Deutsche Bank puts traders in the firing line. And a different timetable paris the Opposition Party attempts to outmaneuver Boris Johnson by pushing for a general election. Reiterates hester does not want a brexit delay. Of further delay . I think it is pointless. Than half an hour this moment. You cant have missed the jump in yields. This is a look at 10 year yields. We are up to 1. 58 percent. At one point the session before yesterday, we were down to 1. 45 . In yields. The 30 year. The german 30 year, weekly turning positive. A global bonds selloff. The question is has the bubble burst . Rebalancing . Take a look at futures. After the gains we saw in equities in the u. S. Yesterday and overnight, the question today will be, was that irrational exuberance . Dax futures unchanged. Of 0. 2 . Res lets go to the markets right now. The managing editor in singapore. There was a call on where he has tweeted, markets may be overplayin
Stay with us for all the International News and business stories here on the bbc. And you can visit our website as bbc. Com news. Now on bbc news, live to singapore for Asia Business report. Huaweis blast list delay, the us ban on the Chinese Technology wont come into force for another 90 days blacklist delay. And hong kongs social media action. Twitter and facebook steak steps to block what they describe as a state backed Chinese Misinformation Campaign. Hello, and welcome to business report. Im sharanjit leyl. Well begin with huawei. The us has its ban on the company for another 90 days. It originally blacklisted the company in may, citing security concerns. It then granted a temporary permit. That was due to expire on monday. Well, everybodys had plenty of notice, theres been discussions with the president and the president has made clear in his announcements yesterday that he is very concerned about more dealings with huawei. Mr ross also said another 46 huawei affiliates would be