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Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover ....
Will bring you the headlines through our surveillance today. Impressed with how quickly the headlines are moving at a rapid speed. Lets get the bloomberg first word news. Vonnie it is day three of france president s Francois Hollandes push against the Islamic State. Today he talks with german chancellor Angela Merkel who says germany is ready to strengthen its military commitment to relieve a french forces. Belgium is searching for another terror suspect that was seen driving a car with one of the suspected organizers of the paris terror attack two days before the attacks occurred. So far belgium authorities have arrested five people. The unprecedented lockdown of brussels is slowly coming to an end. Nato is ordering deescalation after turkey shut down the russian warplane. They called for further contact between turke ....
Face a very strong head wind. Two suspected terrorists are killed in a raid by belgian police. The threat level has been raised across the country. Welcome to countdown. The Oscar Nominations are up. Bird man and the grand Budapest Hotel top the list. The Swiss National bank lifts the cap against the euro. Japanese stocks have been falling as the yen traded at its strongest in three months against the euro on increased demand. Sovereign bonds and gold hit near fourmonth highs. This was frank is trading at close to parity with the euro. The countrys government warned about the impact of the s p decision on exports and tourism. Shares in swiss exporters went down. The swatch ceo describes the action as a tsunami about to hit the swiss economy. For more on the ramifications and the impact we go live to hans nichols. We a ....
Efficiency ratio in the forecast of 5590 . 5559 . In terms of fullyear net income, another record year for wells fargo on the heres on the heels of a recovery market. The u. S. Largest home lender last year. There was a lot of concern about Mortgage Origination revenue and how that would drop. We did have an anticipated drop of 24 . Thank you. The final government report on will beales or 2013 released in half an hour. Retail sales will rise 5. 3 . I know i did my share. Youve also hear from the big banks out with earnings this morning. Wells fargo firing up the conference line at 10 00. We will hear directly from white house officials on the nsa scandal. We expect the testimony to preview what the president might say on the speech later on this weekend. Moments ago scarlet fu brought us wells fargo earnings. The company missed analyst estimates. A tough year for jpmorgan. Steve case sitting beside me. From where you sit, ar ....