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basis points in the u.s.. 1.59% is how we print on the 10 year. time now for global exchange. we will bring you today s market moving news from around the world. our bloomberg voices are on the ground with this morning s top stories. in china, cases of coronavirus are soaring overnight, jumping by almost 15,000 after the epicenter of the outbreak revised its method for counting infections. joining us from hong kong is rishaad salamat. walk through what we learned. rishaad: we ve got 60,000 cases the 254 person death count extra now. what we have is a situation where we had this huge revision taking place, and then a few hours later, the top bosses in hubei province were replaced. the party secretary replaced by the mayor of shanghai. not just that, but also here in hong kong, we have the macau and hong kong affairs department boss also replaced. it is being seen by some as a bit of a reset. people look to what is going on, and are questioning whether the veracity of the ....
risk on bounce. it is time for global exchange, where we bring you today s market moving news from all around the world. from hong kong to berlin, brussels, washington, and new hampshire, our bloomberg voices are on the ground with this morning s top stories. we begin in asia and the latest on the coronavirus outbreak. the current number of cases stands at just over 43,000. the death toll now 1000. joining me from hong kong is aad salamat, anger of haad salamat, anchor of coanchor of t, bloomberg markets: asia. a feeling out s of china that things have perhaps gone a bit too far. those companies which have been curtailing production should step it all up, ramp things up, especially in areas that have been little affected. we are still counting the costs with regard to this. retail sales being hammered, industrial production likewise. we haven t talked very much about this. onot of trade heaped singapore, with the prime minister being lauded for being transparent, ....
we don t know exactly how the whole board really panned out. but i think for now, the chairman should be replaced. the chairman should be replaced. if he really cares about the organization, if he really cared about credit suisse, he would step down as chairman. this would really spring stability and allow the opportunity for a true fresh start. but as long as mr. rohner is questionsre will be about who is going to be the next one to be pushed out. so i think the best thing for andanization would be when the board made this change, they did say leave it in 2021. that s not good enough. he should leave immediately. francine: david herro, thank you so much for your time. he s the chief investment officer at harris associates and a top credit suisse shareholder. this is bloomberg. alix: credit suisse bombshell. unexpectedly janet john tr ceo tid .hiam unexpected live resigns and president trump praises the u.s. economy, and now the economy has to prove itself. the ....
if you take a look at revenue, coming in better than estimated, over $1 billion. looking for a little bit shy of $1 billion. headline numbers, upping their guidance for the first quarter. the estimate was for about 800 aboutmillion for $862.9 million. beating by about $148 million. is down by about 0.1% in premarket. let s take a look at the broader market. on the one hand, you have warnings from jp morgan on risk. citigroup also calling potentially for complacency. s&p futures still grinding their way higher, up 0.4%. we did see another record close yesterday for the s&p. global stocks also shooting higher. euro-dollar unchanged, despite the fact that german factory orders disappointed, raising questions about the recovery in europe. you are seeing selling in the bond market in europe. in the u.s., yield down by about one basis point. crude taking higher as well. maybe we ll get some opec support coming down the pipeline. lots of things happening in the market today. ....
francine lacqua will be with us from the world economic forum. if you look at g10 currencies, the aussie, the best performer is pulling back on bets on interest rate cuts. a signal from the bank of canada on easing. central banks even as we have ripples across the market because of concerns around the coronavirus. speaking of the impact, in the asian session we saw weakness, stocks resuming their decline with chinese stocks bearing the brunt. u.s. futures have been more contained, they were lower in the asian session. touch 1.70. will we get there on coronavirus risks? oil is extending declines from a slowdown. brent at 62.45. we will hear from thomas jordan from davos later this hour. let s get the bloomberg first word news from new york. the spread of the coronavirus, china is locking down a city of 11 million people. officials halting travel from wuhan. today the world health organization is expected to decide to declare a public health emergency. in the u.k., a ....