Japans ruling party says the coronavirus will hit harder than the financial crisis. The global stocks rallied after the u. S. Opened the fiscal taps to the tune of a billion dollars. Thats on rate cuts for major Central Banks surge. St. Louis fed president tells bloomberg, dont assume that will be another cut in two weeks. Rate to thee policy right place for now. Given the information that we have now. We took out some insurance against the possibility that this will cause a growth slowdown in the u. S. Matt division in vienna. Agreement over output cuts proves elusive for opec plus delegates as they look to counter the impact of the coronavirus. We are live on the ground for a crucial meeting there. Lets take a look at futures, getting across europe right now. More than 0. 5 . Up 0. 75 . S are futures. In u. S. We finished up more than 1 yesterday across european forces. There was a major surge in u. S. Stocks as a result. You are seeing futures down for the west stocks. Risk on for e
Billion in the biggest ipo ever. Opec cuts a deal to cut output target. Were live in vienna. China handling request for tariff waivers on soy purchases. Safety first. Uber reports more than 3000 Sexual Assault claims globally last year. The chief legal officer called it a reflection of society. Matt, good morning. Matt im looking at the u. S. 10 year yield, among other things, hovering around 1. 8 . And hell see this flatline for a while today. A lot of times, traders will turn off their algorithms, their Computer Trading programs, right around the jobs announcement and try to get a human advantage for the few moments its possible in these markets. Movehen this number will if we get a shocking jobs number one way or the other. Were looking for 183,000, but the whisper number is only 140,000, so at least bloomberg clients who participate are looking for a lower number. Take a look at the features this morning, what weve got in terms of european futures, as well as u. S. Futures. We do s
Lets get into these results from samsung. What was the offer . Not as impressed as the shareholders are. They seem pretty impressed. I think there is a lot of concern they need to be aware of. First of all, the chip business really fell off a cliff. Operating profit really fell a lot. The other thing is the smartphone business had a good quarter. It was the secondhighest sale on record for that division. Incomecompare operating versus a couple of quarters ago, operating profit was a lot lower. Margins a lot worse than it had been in the past. They said themselves this quarter, the fourth quarter, they would see a deterioration, not only in shipments, but also a have bees. What they ship will be the cheaper phones. Not the flagship stuff they had in the first quarter. The cheaper stuff. Those are the landmines investors need to be worried about as we go into the next. Components are weak and their products are week as well. It definitely is downbeat, a column this morning. You sum up by
Phone as china prepares tariff countermeasures. Investors bank in another quarterpoint reduction. Powell bow to the pressure . The u. S. Says it is disappointed with the u. K. Decision to release an iranian tanker. Penalties could be imposed on any company that does business take a look at the 10 year yield, coming back. We dipped below 1. 5 yesterday. This is a threeyear chart. Back to 1. 5 . Looking at decent gains across european futures. Dax futures. T the gains of 0. 6 . Across the board, really. Ftse futures up a little more. Wang. Get over to selina Chinese Paramilitary Police seen gathering near hong kong. Some are interpreting it as a sign beijing is ready to use increased force. Mirrors from the in comments yesterday. The hong kong situation is at a critical moment. We have full trust and if the situation deteriorates further, into i say our government, the Central Government will not sit back and watch. Is the special relationship in danger . The u. S. Says it is disappointe
Anna ubs bounces back, posting its highest net income in almost a decade. After with the ceo calls one of air inst starts to the recent history. To look at the First Quarter, we have a weaker first two months and into march, things normalized. Coming into the first half. The u. K. Will learn the identity of its next Prime Minister at midday. Worst johnson is the favorite to take the top job. That deal. President trump announces a i partisan agreement to boost u. S. Spending for the next two years. Good morning. Matt good morning. Less than half an hour away from the european open and a lot going on. Let me take a look first at pound futures. Were looking at pound trading 124. It is headed down over the past few sessions. We will keep a close eye on this. And a is on standby for the new Prime Minister. Also looking at futures pointing higher. European equity indexes have risen for a couple of sessions. It will be three solid sessions. The ftse, the dax, and the cac all pointing to gains