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Selling. F positive the u. K. Likely to impose 14 days quarantine. We also have the irish tank barely under pressure the irish bank very under pressure. The bank of ireland numbers today. Boris johnson will appear in parliament and a half hours time. Btps on offer as well. We are up by three basis points. What is interesting is the spread between brent and wti widening on that saudi news. Vonnie lets get to the economy now. President trump telling americans to return to work after confirming the outbreak in his own office. Unprecedentedan 20,500,000 jobs, tripling the end limit rate the unemployment rate. We are joined by bloombergs peggy collins. How does it change the rhetoric now that coronavirus is coursing through the west wing . It has touched the Vice President s office and the president himself at this point. Peggy i think for everyone, the virus has pushed people different ways, and closer it gets to everyones families, t ....
Narrative is that President Trump and the ministration looking to get things back to work, even as the coronavirus is now firmly in the white house itself and the administration. We have the likes of Cardinal Health 5. 2 , and some of the other Health Care Stocks like gilead, eli lilly up more than 2. 5 apiece. Under armour continues the guidance story, not giving any indication of what it is expecting, but says the Current Quarter will be the most impacted by the coronavirus. Shares are down about 11 . The yen we getting today. Stronger dollar once again. Food is unchanged crude is unchanged, 24 a barrel. Guy interesting to see that spread between brent and wti widening out. Lets figure out what is happening in the markets and what is going on in terms of po ....
This as crude is also getting a lift. We were talking about the deal between the opec members cutting back supply. Take a look at the high yield etf, this as the fed says they will support the fallen angel market, those credits downgraded on march 22 from bbb to bb. Take a look at this curve. Yields on the front end falling after thesis points fed said that they would expand their facility program, buying shortterm notes from issuers as they engage in some deficit financing. I want to bring in our next guest. He has been talking about bears in hibernation as the fed is trying to increase that 2. 3 trillion stimulus program. Some of the small and midsized businesses. Some of the jobs numbers this morning. We got reaction from fed chair jay powell. He spoke earlier. Take a listen. We are deploying these lending powers to an unprecedented level, backed by the congress and treasury. We will continue to use these powers forcefully and aggressively until we are confident we are solidly on th ....
Data and overnight we got some fresh stimulus from china from the pboc that providing some support as well as investors look to the opec plus meeting now due to take place on thursday to see if saudi arabia and russia can come together with other Energy Leaders and agree a cut to Oil Production lets take a look at the different regions and what the split looks like that way. We have the dax up northemore t ftse 100 up 2. 4 the sad news we brought you, Prime MinisterBoris Johnson has been admitted to the hospital. Hes had persistent coronavirus symptoms for ten days. Hes taking some precautionary measures by going to the hospital now cac 40 up 3. 5 in italy, the ftse mib is trading 2. 3 higher. Lets take a look at autos you can see daimler shares up 6. 3 volkswagen u ....
74 basis points. Everything is down. I would imagine 90 of stocks are down. All 11 major indices are down in the region today in very high volumes. At this point, there is nowhere to hide, at least in the equity markets. Yvonne President Donald Trump announcing a suspension of all travel from europe to the u. S. For the next 30 days. The most farreaching measure yet in the administrations effort to combat the spread of the coronavirus. To keep new cases from entering our shores, we will be suspending all travel from europe to the u. S. For the next 30 days. The new rules will go into effect friday at midnight. David our Senior International editor, jodi schneider, is here with us. Thats a big deal. It is. There was a little bit of talk about it before hand, but not necessarily expected to stop all of the european travel for 30 days starting friday. It is somethi ....