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Around the globe we have a packed show for you today so lets go and dive right in. The corona virus continues to spread across the world as europe and the United States prepare to see a sharp increase in the number of cases italy continues to enforce its walk down of some 60000000 people with 1000 new confirmed cases the European Union press president met with Prime Minister is Via Video Conference on tuesday afternoon to cordon they offered to combat the virus and this comes as chinese president xi jinping made a visit to hunt china this was his 1st time since the start of the outbreak china recorded its lowest numbers of infections there were just 19 and they were all in speaking to doctors behind a screen she thanked some of the medical workers. You are wear ....
Been more than 7100 active and at least 237 people have died that number is believed to be much higher now unlike italy and china iran has not placed anyone under quarantine the u. S. Is also working on how to combat the spread of the virus and Vice President mike pence announced Insurance Companies have now agreed to cover copays per coronavirus testing. Please you reported as you requested mr president that all Insurance Companies here. For today. To waive all copays and coronavirus testing. Extend coverage around the part. You know the benefit of one. Week already made. To Medicare Medicaid beneficiaries to coronavirus testing and treatment would be covered these private carriers extended as well currently the us reported 761. 00 cases the death toll ....
After the storm, global stocks stabilized after the worst selloff since the financial crisis. U. S. Equity futures rise. President trump says he will seek substantial relief for industries. Italy, though, in lockdown. A ban on travel and Assembly Goes nationwide. The who says the threat of a pandemic is very real. Crude gets back some of its losses after the biggest drop in three decades inspires decades. , after theaudi oil kingdom cut prices. Getting in there, looking at the cheap stuff. Do you see there anywhere else in the market . What does the gmm look like . Anna getting in and looking for the cheap stuff, emerging markets, rebounding rescan assets risk assets. Msci asian markets. In fx markets, the big move is around again. Gainrday, we saw the yen coming yesterday, we saw yen selling. The moves into havens yesterday a little overdone. Im seeing some kind of stabilization. How long will that last . We see yields going up a ....
I could go on and on. Growing china trade uncertainty. Things are getting a little violent right now in hong kong. For next two hours well put it all together. We say boo, you decide whether you still want to buy. See what we did there . Neil boo were down 226 points just like that. Starting off the first day of this problematic month. It is not traditionally the worst month for stocks but more memorable from some of those crashes, crashettes whatever you call them. Im not saying it will end up this way but it is starting out that way and scaring some folks. We have had big drops this month. October of 18 we can remember 1342 hit. In 081525 point hit. We could go on and on. In percentage terms the big one to beat is 25 plus hit in the dow in october of 1929. In 1987 we lost a quarter of the dows value. I only mention that, this is a spooky month. We have a lot of spooky developments were getting into. Not only widening search for subpoenas on capitol hill and people resisting those sub ....