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Federal reserve vice chairman speaking in washington to the National Association for business economics, saying that the fed is close log monitoring the coronavirus. So maybe a slightly different tone than last week. He said it will be a noticeable impact on china in the First Quarter, and that could spill over to the rest of the global economy. Too soon to speculation on the size or persistence of those global effects the probability of rate cuts reaching alltime highs for the individual contracts, april, a first duty now at 63 , it is probability of a second customer, and now over to 50 for a third cut in december for the first time, so the majority of position in the mart right for you, sara, going along with a huge decline in the tenyear to alltime lows and the downdraft in the stock market is now for there to be three rate cuts this year from the federal reserve. I ....
For viewers good morning and hey welcome im shale cheryl. Good morning everybody im lauren simonetti. Welcome back after the long weekend. Let take a look at how your money is moving this morning weve got well got the red arrows to show you right now dow is down 164 in preb market s p 16 and three quarters for the down siled. Nasdaq down 86. Apple premajority loss has shares the iphone maker to shave 85ed a opening bell apple big story this morning. Lets take a look at stocks and asia mostly lower but check out shanghai composite up fractionally see applicationses for tariff exemptions from companies for u. S. Imports. Breaking overnight out of europe especially london bc says to cut 35,000 jobs 100 billion in assets in next three careers. Theyre scaling back operations here in the United States especially and also in europe. Youve got red across the board in europe. Lets talk corona virus because more than a dozen americans evacua ....
Possible progress in detroit as uaw s uaw calls on its leadership. We have news in excess im sorry. I had to good morning, good afternoon, good evening im Brian Sullivan thank you for joining us we begin by tracking some wild moves. You may not care about currencies but you probably do care about brexit. You can see a wild move here around 1 30 in the morning or because of new developments in brexit talks see that moving up it has come down from its highs. That market reacting to a couple of headlines well get more of that coming up in a second. Here is how your macroand Global Markets are setting up should have a normal day of trading. Yesterday, columbus day, no bonds. Everybody is back. Kids are back in school. The bond market back open. Not moving a whole lot weve split the difference over the last couple of weeks going to asia. News coming out of china we had inflation d ....
Ed isly the president picked up what facebook is looking at. He has a proposal of his own coming up as well. First to the story that broke earlier today in washington, the embattled labor secretary alex acosta from stepping down from his position in President Trumps cabinet. Blake burman live at the white house with the latest on that. Reporter connell, the timeline fairly quick when you look how it unfolded last week. On saturday the feds took Jeffrey Epstein into authority. The Southern District of new york laid out its case, the newest charges they presented against epstein. That forced labor secretary alex acosta to go before cameras here in washington, d. C. , on wednesday to defend the 2018 nonprosecution agreement deal that he strong with epstein and epsteins attorneys back in florida more than a decade ago. ....