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G7 leaders hold a teleconference today to discuss the response to the outbreak, but anything short of a coordinated call for stimulus could be negative for stocks. European companies feeling the impact, as bmw confirms a case at its r d facility in munich. And, super tuesday in the u. S. The race for the democratic nomination for president tightens. Andwith Buttigieg Klobuchar gone, which candidate benefits most . Lets take a look at futures. We have gains in europe, but after the huge drops we saw last the, they pale, and after big 5 gains in the u. S. Yesterday they really pale in comparison. Surely up almost 1 , but everything rides on the g7 Conference Call and what it concludes is coordinated action. Anna u. S. Futures looking more muted, as you can see, but in the last half hour or so a little uptick again in u. Ds. Futures, which is interesting. They pulled back, ....
Ahead of the Conference Call to the g7, leaders, a lot of focus will be on whether they will step in with coordinated action or words to assuage the markets. Ahead of that, markets are rising. The stock europe 600, 4 and the that saw a lot of losses because of the epicenter in europe still in italy, up today. The dax up. S p futures, gains across the board. A caveat. Yesterday, we saw similar gains and they peter off as the day went on. Today, there is expectation from g7 and that the fed will possibly step in. Lets get to the bloomberg first word news in new york city with Viviana Hurtado. With an update on the coronavirus. Governments around the world preparing for emergency measures to fight the outbreak. Drugmakers hope to have antiviral treatments ready within the month and vaccines by next year. Of cases number worldwide, topping 90,000 but reports suggest over half t ....
To us a little bit about the open. We expect the shares to be treated any minute now . Yousef absolutely. We are waiting for the numbers, scenariowas the base and exactly whats coming through third theyre climbing to the daily limits of 10 as expected. The ipo was at 32 realities. Implied valuation was 1. 7 trillion. We are already up to 1. 8 8 trillion. The biggest conversation has been around the 2 trillion mark for the government has done is offer a smaller percentage of the company to investors. Of the market cap is a tiny fraction of what is loaded from Companies Like facebook and microsoft word we know there are support mechanisms for the stock , including goldman sachs. Retail investors have been given a hand as well with some incentives. The fast track to index inclusion is important as well. Where the story goes from here is what happens with foreign investors. This is mostly a domestic or regional play. His saudi aramco ....
We brits are some of the worlds most frequent flyers. One in 12 passengers on all International Flights last year held a uk passport more than any other nationality. Ive just come back from las vegas. From las vegas 7 how many times did you fly this year . Probably about six. Six times . Thats quite a lot. Yeah. I never flew when i was little, so im making up for it now. Probably four times a year. And what kind of distances do you fly . The further the better. Pan am. Things are going great. Its all a far cry from the days of the first passenger flights, when the rich and famous jetted off to exotic destinations. Back then, flying was glamorous, but expensive. Fly with us to chicago on continental airlines. Well do a little more for you a lot faster to make this the nicest flight youve ever flown. Today, weve embraced the era of cheap seats. 30 years of low fares. With over 200 destinations to choose from. Worldwide passen ....
Flight shaming is on the rise and one analyst says they will take a bigger hit than wall street expects as power lunch begins now welcome. Tomstoc stocks are under some pressure now. S p 500 back towards 30. Were still less than a percent away from record highs apple, one bright spot the stock is up after 2 well have much more on this later this hour. Kelly. That weak manufacturing gave us stocks lower today. Is it just pause on the race to more record highs or will recession fears hold us back again. Chinese officials skeptical as the u. S. Might not be able to do a long term deal. Its trade related this is whats happening today you could see this in the revers reversal the fed engineering has really helped banks for this month. Look down today and it says late yesterday and thats creating havoc with banks they have been big market leaders all throughout the month of october were seeing very heavy volume market concerns. We had some very light volume. Well see if that changes today. W ....