Emergency meeting. A Chinese Pharma Company wins approval for human testing of a vaccine. Governments around the world starting restrictions to slow the outbreak. The virus threatens to weaken chinas economy even further. Our review of the latest for the slowest and the end of the cultural revolution in 1975. Shery lets get you started with a quick check of the markets close. It was another down day. The rebound we saw in the previous session, we are talking about the s p 500 and dow and nasdaq all going down the s p 500, every sector was in the red. Energy was the biggest decliner. Oil sinking to a 19 year low. When it comes to the dow, losses of about 36 since the peak in february. We continue our way down. Weve heard about a second stimulus package coming from the trump administration. This was after the close ended during the trading session. We saw volatility Circuit Breakers also being. Possibly another down day. Asian stocks and futures trying to climb. We have taiwan, philippin
1500 jobs being cut across the world. Shery Goldman Sachs is recruited by softbank to find funds for wework as part of a 5 billion rescue plan. First, a quick check of the markets. Australia coming online. Sophie, what are you seeing . Sophie after a threeday rise for sydney stocks, asx 200 open little change after the tepid session we saw on wall street. Heads up on the corporate fund, i want to highlight Bellamy Australia said china might need acquisition so shares will be suspended today. Bonds enough straily at a risk off. Yields coming off the session low as the rba governor says gdp is in line with expectations, but contrived with weakness and consumption. Folks saddled with high debt take longer to spend. The offshore yuan this morning trading around 7. 0366. Weight on Chinese Consumer prices and pbi later this morning. Investors are setting the tea leaves going into december 15. With the latest developments around the u. S. Deal, the mexican peso trading near a three week high
Economic forum in russia a red putin calls india one of his countrys key partners. Afghanistan is exposing concerns about the u. S. Ending its longest war. Afghanistan is morning april u. S. Troop withdrawal that moves too quickly and without forcing the taliban to meet certain conditions, could lead to total civil war. Show the draft to officials this week, saying it only needs president trumps approval. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im shery on. Amanda live in toronto, im amanda lang. Our bloombergby and Bnn Bloomberg audiences. The u. K. Prime minister Boris Johnson gambled and lost as parliament votes to push back brexit and johnson fights for snap elections. Parliamentmembers of will debate a law to prevent a no deal divorce. Boston fed president Eric Rosengren sees no immediate need to cut. M
World hotter and hungrier rid that is according to a you and report on Climate Change that raises the issue of food security. The report does not pinpoint any country but when they were asked, scientists mentioned brazils recent deforestation of the amazon. Wasie wechsler says she deceived by jeffrey epstein. She accuses epstein of misappropriating vast sums of money from him and his family. Epstein has been jailed on charges of sexual trafficking. He says he was in the dark about epsteins alleged wrongdoing. Global news 24 hours a day on air and at tictoc on twitter. Powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton, this is bloomberg. Ahn. M shery im amanda lang. We are now joined by our bloomberg audiences. Here are the top stories we are following. Signs of stability from the chinese central bank. Calming markets with a strongerthanexpected fix for the yuan. Of ridesharing giants. Shares of uber are up. The u. K. Is set to report secondquart
Watering 5 billion. The implications of unrest, weeks of protest and hong kong. The effect on the citys top names. Shery we are seeing pictures being pressured down half a percent on that news that the white house is halting any licenses for businesses to work. Ith hallway huawei this after a stellar performance. Green. Ector was in the the s p 500 was able to erase this weeks loss. Nasdaq two and a quarter percent. The Energy Sector leading those rises, gaining ground with news that saudi arabia was in touch orbital in and order to slow the decline. Lily catching the eye of investors. Lets see how we are shaping up in asia. Pointing to a mixed open. Futures down almost. 5 , but in sydney, seeing a little bit of positivity. That sentiment is strongerthanexpected and it was shortlived. Bloomberg reporting that the u. S. Is planning to publish that final list in chinese imports. They plan to hit with tariffs this week or early next. Reporting the white house is holding off the decision o