Good morning welcome to squawk box. Im becky quick with joe kernen and Andrew Ross Sorkin weve been on a bit of a winning streak up four days in a row. Yesterday the dow was up this morning, you are seeing a little pull back dow down s p down and nasdaq off by 172 yesterday, Goldman Sachs helped. Good news from moderna godm goldman came out with much better numbers than anticipated. Also looking at the trezy yield. The 10year is sitting about 0. 622 good morning. As joe mentioned earlier the twitter shares are lower after the company showed dozens of users were part of a twitter hack targeting some employees who had access to systems and tools. Among those hacked joe biden, jeff bezos, bill gates, elon musk all telling users to send massive amounts of bit koip to an address they are diagnosing the problem and will share everything once the picture becomes more clear if they got in through employees with tools and access to accounts that raises questions about security procedures at tho
France and germany and others remove travel receptions spur tourismu. To and britains nonessential shops opened today as well. Stocks fall on fears of a wave of rhinovirus infection. Over 20 u. S. States see a pickup. Tokyo sees the most cases in over five weeks. Beijing reports another outbreak. Plus, bloomberg learns of an internal plot at nissan to take months beforeown his arrest in japan. The information comes to light and is due to face a trial in tokyo. Just under one hour away from the start of cash equity trading. Lets take a look at how far down futures have fallen, right now looking at 2. 5 drop on the stoxx 50. The benchmark index. Futures down a little bit more than that. Teachersok at u. S. As well. S p 500 emini contracts approaching 3 losses. Nasdaq futures off. What does the gmm look like . Anna ill get to the gmm in just a moment. Pricel giant revising its assumptions and expecting to take a charge in the second quarter. They see a noncash impairment and the write off
Nursing home community. We have worked to dramatically scale up our Testing Capacity because we believe testing is crucial not only to our current efforts to understand and slow the spread of this disease, not because it will play a Critical Role over the longterm as we work to decisions around reopening parts of our community. We are continuing to make progress. 126,551cted a total of tests. Tests yesterday were conducted at 28 sites across the mouth across the commonwealth. This makes massachusetts one of the leading states in the country with respect to testing. We are grateful to our colleagues in the medical community. These laboratories are a big part of massachusetts progress on this front. That includes quest diagnostics, the broad institute, and many other public and private sector hospitals. Their contributions and partnerships are another example of how massachusetts nation leading healthcare and innovation leaders are helping us respond to this unprecedented outbreak. In ma
And the app developed in kenya thats now being used worldwide to help close the gap. And im christine want to welcome to the program oil prices have risen off to the old Major Oil Producing Countries agreed to slash output the production cost opaque joined russia and others and if it should be the oil price and an Energy Market ravaged by the coronavirus pandemic Global Oil Supplies will be cut by 10 percent. Its being called the biggest Oil Production cut ever opec plus which brings together the oil cartel with other producers like russia said it would cut world output by 10 percent. In the next 2 months opec and opec plus countries will reduce production by 10000000. 00 barrels for the 6 months after that they will cut production by 8000000. 00 Barrels Per Day and for the subsequent 16 months 6000000 barrels will be cut per day. Oil prices it down into freefall on worries about the fires and a price war between saudi arabia and russia but low prices also threaten the u. S. Shale oil
A par with a global. Love song the only reason all eyes are on frankfurt today our correspondent charles to delay. The financial toll at the crown affair intending to now but investors are hoping the e. C. V. Will throw a lifeline to the economy to soccer and. So its all retailers except food and pharmacy businesses so we take a look at the countrys fashion industry and the corona current time. This is the business of. Around the world stocks a fall sharply in another day of trading the u. S. Ban on travel from europe has jolted Financial Markets that were already struggling to stay afloat under a wave of bad data on coronavirus faces the declaration of a pandemic served as a final stroll that 1st sent wall street reeling so and wednesday. Many investors and asia began selling selling almost immediately to begin their thursday sessions the shanghai composite hung saying in hong kong and the nikkei in tokyo all seeing broad losses by close yesterday as hopes for government stimulus clea