That is a quarter of global infections with california seeing its biggest daily jump yet. When we look at chinas new security law for hong kong and protesters are already changing strategies to steer clear of arrest. First, lets get you a quick check up on how markets are starting this morning. Here is Sophie Kamaruddin in hong kong. Sophie asian stocks are gearing up for modest gains. We are seeing s p eminis moving slightly higher this morning and kiwi stocks are heading for a second day of losses when meridian and another Energy Company leading the climbs on rio tinto deciding to Halt Operations in new zealand. The hong kong dollar staying resilient within one standard deviation as they continue to defend the currency and markets shrug off a threat to the peg. Switching off the board to the terminal chart. We are watching to see if the the best sinceng september 2019. We are keeping an eye to see of chinas market value can top 10 million after pushing beyond nine for the First Time
The u. S. Senates lack of progress on a coronavirus to miss bill pushes Global Stock Markets into the red and italys daily coronavirus death toll falls but still exceeds 650. 00 production is at a standstill and all internal travel bans. Singapore airlines and its regional and low cost arms are grounding 96 percent of the fleets the Aviation Industry is reeling from collapsing passenger numbers and border closures due to the coronavirus been demi the United Arab Emirates home to the International Hub dubai is suspending all passenger flights including transit travel is now the news in the viral at the center its not a 651. 00 people have died and the government has imposed new lockdown. Measures now this is a global snapshot from the u. S. Based John Hopkins University about 3 136000 infections since the outbreak began and almost 99000 people have recovered more than 14600 have died or lets talk to diego pollen in hong kong about the travel restrictions across asia deviates not just Si
End Coal Financing being undermined by new credit from china and japan. Lets take a look at the markets now. Looks like very much like the past couple of weeks although potentially more so. Very volatile, s p 500 futures have begun to trade and we automatically have begun to see a decline of 2. 8 . We saw last week a gain in the u. S. The s p but the average move was three points. Olatility is still reigning sustaining stocks losses for a second day. The safe even been coming back coming safe haven bid back strong. The u. S. The yen is strongest since the 2016 election in the u. S. A rough day, 41 a barrel for oil. Now investors are expecting more. Lets take a longer look at wti crude. Not even not only did the meeting in vienna not result in agreement, but saudi arabia has initiated an allout price war saying they will pump 10 Million Barrels a day next month. Some analysts are expecting 30 oil prices again, near the lowest level over the past two decades. One analyst said he sees pot
Im Charles Payne in for stuart varney. Varney company starts right now. While cnbc is on break, we are open for business. Charles hundreds of americans back in the u. S. This morning after being evacuated from the coronavirus affected diamond princess cruise ship. Lauren, we know some have tested positive for the virus right now. Lauren yes. So the u. S. Chartered the two flights that arrived early this morning, one in california and one in texas. As they were going from that cruise ship docked in japan to the charter plane, 14 tested positive for the coronavirus. That essentially doubles the number of infections right here in the u. S. We had 15, now you have 14 coming in. They will be in quarantine. They were already in quarantine for about two weeks but they will be in quarantine at those two air force bases for another 14 days. Charles thank you very much. Mean meanwhile, macao says the casinos can reopen. Susan its a big deal especially for casino shares that trade in the u. S. ,
Bloomberg daybreak australia. We are counting down to the market opens. Treasuries tumble with corporate debt sales flooding the market ahead of the fed decision. Oil surges as saudi arabia and russia extended cuts. Softbank is seeking under 5 billion in a downsized arm ipo that is still to be the worlds biggest this year. Lets get a quick check on wall street. We have only had two u. S. Trading sessions in september. The hope is this september might be different from previous ones because we have had a rally. Some strategists are saying we are going to see a drop from here. We can see now s p futures have opened up and headed for another down session. The two year yield for 95, that might be a little bit surprising. 40 companies tapped the debt markets just today alone. A huge amount of issuance and that definitely weighed on bonds. My take this number with a grain of salt. The dollar index continues to rise and is impacting currencies including the yen which topped 147. Another stron