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It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of ....
Oh, yeah, all right,. Take it easy, baby. Make it last all night. She was an american girl. Cheryl one americans waking up with a Little Spring in his step this morning. Thats joe biden. Welcome to fbn a. M. Good morning, im cheryl casone. Lauren theyre calling him in the comeback kid. Good morning, im lauren simonetti. Cheryl take a look at how your money is moving this morning after yesterdays surprise rate cut by the fed amid the coronavirus outbreak, also joe bidens super tuesday showing, futures are high e dow up by 531, s p up by 56 and a quarter, nasdaq up 171 and a quarter. Many investors view biden more middle of the road than sanders. Lauren interesting reaction after super tuesday. Take a look at the yield on the 10 year treasury, it is still below 1 , 0. 942 this morning. Cheryl we saw a flight to safe haven assets like gold yesterday, it was up 3 . Right now gold is losing a frac shove fraction of a percent. Oil is up ....
Process and were all in favor of that. [applause] by the way fake news will cut that last part of the sentence off. First part, man is he rough, too tough. I cant vote for him. A nation must put his own citizens first. My administration is standing up for american seniors. [applause] and well always protect the medicare benefit you earned and paid for. In the last administration democrats slashed medicare by 800 billion to pay for obamacare. Not too good, obamacare. Now one of their new proposals, backed by more than 130 Democrat Members of congress would cost, listen to this number, 32 trillion. That is on the low side, 32 trillion with a t. Were beyond the bs, the billions. Reduce American Household income by 17,000 a year. Is there anybody in this room that doesnt mind losing 17,000 a year . No. In order to get lousy health care. Though they use many labels all of th ....