Meaning less demand for oil. Meanwhile similar story in bond market, yield on 10year treasury below 4 tenths of a percent overnight. Now we are staying right under and it is down 28 basis points. Again, another indication of a recession at hand. The 30year following 1 for the first time in history. The 30year bond, the yield there at. 883 . Thats down 40 basis points this morning. Global markets reacting to all of this this morning in the stock market. Deep selloff in europe. The cac quarante down 335 points. That is 6 and a half percent and dax index in germany lower by 672. Overnight in asia across the board. Chinese experts tumbled in the month of january, more signs of trouble in japan as well. First quarter gdp lower in japan showing the economy contracted 7. 1 from the previous quarter. Thats a sharp contraction in japan. This on top of the Coronavirus Crisis, cases in the United States and abroad are growing. The white house looking into emergency measures. Overseas italy report
monsanto devastating floods hits new jet survivors who are still feeling the effects are seeking read occasion so we see fox news before the next rains. and the grammy goes to. twice this. african giants town the toll of this year s grammy awards with big when. i met you my kids you know welcome to the program it s becoming a disturbing trend in nigeria gunmen not talk in schools and season people for ransom the latest victims are primary school pupils in cartoon our state barely a day after security forces foiled another attempt to abduct hundreds of students from a school in the same northern state now despite assurances from the government that students safe the attacks continue. dozens of students are bussed back to safety they re fortunate to be free after security forces battled the gunmen who attacked their college and attempted to take them away. first things 1st they pack their bags and head home after a terrifying experience from which 39 people are still missing. b
Extensive every year. Welcome to outsideside source. We begin in saudi arabia. A story we have coffered previously previously, the anti corru ption have coffered previously previously, the Anti Corruption purge which began almost three weeks ago. The crackdown initiated by the crown prince bin salman. Seen by most saudis as the countrys leader in waiting. The supporters say that the purge is overdue, critics say he is boosting his power, both could be true. More than 200 people have been arrested and while the names have not been released, they are believed to include 11 prisons, including two nephews of the crown prince. They are detained in riyadh in the five star ritz carledon hotel. Where wealthy Business People and visiting dignitaries stay. It is very grand there. Donald trump was there in may. Lots of visiting dignitaries go there. Lots of top business executives. So you can imagine the speculation as to what is going on inside the ritz calton. For the first time we can take you