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Damage. China near a takeover of the airline hna, saying it wants to stem the economic fallout from the coronavirus. Cruise passengers return. The first batch of hong kong residents from the diamond princess are due back in the city today, but there is lingering confusion about their arrival. U. S. Attorney general william barr tries to invoke an old law that protected tech companies. Ike google and Facebook Paul nothing has been happening released since you have been gone. Lets check in on futures in asia today. New zealand already trading at the moment. X higher by a quarter of 1 . 1 in by 1 5 of australia. 771 millioned profits. Pretty flat. Qantas seeing an impact from coronavirus. Few catalysts to watch out for. Aussie jobs expected to rise a little and china expected to cut its loan prime rate. We have machine tool orders out of japan as well. Emily i want to look at where u. S. Markets closed today. Lets get to bloombergs ta ....
The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. The coronavirus is impactful, but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. The bad news is, apple made a big bet on china. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will continue to be a problem. In longerterm, it china and the was a u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. There is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the New York , United States , Ha Afon , Republic Of , Bruxelles Capitale , San Francisco , Ben Brody , Mike Mayo , Emily Chang , James Gorman , Robin Hood , Paul Allen , Bloomberg Emily , Bloomberg Brad , Bob Swan , Facebook Emily , Taylor Riggs , Takes Toll , Bad News , Tim Cook , Senior Research , Senior Research Analyst , Research Analyst , Allen Say , People Buy , Lot Companies ,
Yields the big story yesterday. Again, those yields came down as we looked at a jobs market that was weaker than anticipated. This year the 10 year is higher. The 2 year is just above 5 . Well be watching this very closely. Yesterdays story on crude oil prices, investors are worried that higher borrowing costs could dent. People worried that maybe those higher prices are starting to impact demand. This morning, you can see wti at 81 81. 30. Meantime the House Speakers gavel up for grabs for the second time this year, congressman jim jordan and Steve Scalise considered frontrunners. Theyve been making pitches to colleagues. Now, two house members floated former President Trump as a potential speaker, a position that doesnt need to be held a house member, donald trump currently the defendant in a trial. Asked yesterday whil ....
A ball boys incoming need to end this and makes his first public speech to adoring crowds in harare. And again on for the sequel and this is aljazeera live from london also coming up. Guilty of genocide and war crimes home across new subcommand right cannot it shes sentenced to life in jail was he resigned just a few weeks ago but lebanons Prime Minister says his resignation is now on hold. On the video that shows the moment a north korean soldier made his previous cape to the surface. The man who will become the next president of zimbabwe says the country is witnessing a new stage all. Say former Vice President emerson when gaga addressed thousands of cheering supporters in the capital harare on his return from south africa the day after Robert Mugabes resignation are in mythos reports from harare. When. The country two ....