Pandemic data. Primea recovering minister johnson. Give us an update of the tension of the Prime Minister and his government with the people of london. Francine a couple of things broadly. He is recovering but does seem to be in better form. There are conspiracy theories that he did not get the virus, that are not verified. , a lot ofr you see conspiracy theories have come to the forefront which gives you a sense of the mood of the and finally the u. K. Government say they trust one test two test antibodies. To test antibodies. At least 5 of the population would have gotten covid so far. Tom this is so important, and featuring an article of a little bit evening forward in the medicine and moving a little bit forward in the medicine and therapy of this pandemic. Ritika President Trump is publicly disagreeing with the Infectious Diseases chief, accusing him of wanting to play sides play all sides of the equation. He said that reopening the country too soon could lead to a coronavirus fla
Up it is march 12, 2020 and Worldwide Exchange begins right now. Announcer this is cnbc breaking news, market selloff good morning, im Courtney Reagan live at the marketsite in times square this morning. Stock futures set to extend the selloff take a look at futures dow jones indicated lower by more than 1,100, s p down 130 and nasdaq more than 82 points testing these limit down numbers where we have a mechanism in place to keep us from falling further. Yesterday, the dow lost 1,400 points to close in bear market territory. Down more than 20 the s p 500 just above bear market levels. If the s p hits 2,709, it will be the fastest drop on record. We are set to hit that level at the open the 10year level trading below 1 at 0. 39 . The 30year at 1. 2 . Oil falling and hovering around 31 down almost 5 it is really not just red in the u. S. , it is red across the board around the world asia and europe is lower you see the nikkei off by more than 1 . Ftse 100 off by 5. 5. And President Trump
Edge of the Samsung Electronics empire is Corruption Case is up for review. Im going from one place to business and you study shows europes economic engine is stabilizing and thats despite so much uncertainty surrounding the future of global trade and the potential fallout of brags that the Business Climate index has just been released and economists surprised they were expecting morale to take another hit instead its Holding Steady many businesses actually expect order numbers to grow over the next half year germanys export refined economy has been suffering from slower Global Growth and Business Uncertainty caused by some governments protectionist measures. And we can get out to tens 1st president of the institute what has changed. Oh yes we have a change in manufacturing so the decline in the evil in the eggs were mostly due to a decline in manufacturing over over months and we now have a some of the stabilization in this very important area for the German Economy one of the reasons
But the s p 500 is about 3000. When we close above 3000, up. 6 , plenty of groups rallying on earnings, Morgan Stanley up 3. 5 , closing out the major banks with an excellent set of results. We have the rails rallying, and we will talk about that later on with fritz. The 10 year yield, 1. 76 . Curious about what is happening in britain, guy. Guy the deal we have in brussels is not a deal we have in belfast, so you can see this on the sterling chart. We got a deal, it was announced, sterling rockets up towards 1. 30 . Isn it is clear that the dup not going to vote for it once again, so the pound comes crashing back down, which at 1. 2838 is up on the week, but it has been a roller coaster ride. The negative pound is helping the ftse 100 out and the ftse 250 is positive on the day, an earnings story, and the dax is up by. 3 . What happened in brussels is certainly the big story of the day. Vonnie Boris Johnson has secured a deal, legal text with the European Union is now published, but h
Softbanks masason in favor of unseating. First Lady Melania Trump coming to the nyse, set to ring the opening bell to help highlight her be best campaign we start this morning with this ongoing drama, increase drama at wework. The company we followed closely in weeks past because of the expectation it would soon go public thats no longer the focus at least of the current stories involving the company. More so the future of its founder and ceo and Controlling Shareholder adam newman. This morning we can tell you much remains in flux at the company in terms of the future of its Senior Leadership with a number of significant Board Members and shareholders moving to oust mr. Newman as the companys ceo, move him into some sort of other more ceremonial position, nonexecutive chairman or something along those likes. As of early this morning, it was unclear what mr. Newmans future would be there is some division on the board, im told, by people familiar with the situation where representatives