Continues to rise significantly in terms of the virus and we talked a lot and well hear from meg again and meg has been following it so closely for us and the market only seems to go up as the cases go up. That is leaving some people scratching their heads and others view it as were going to get to the other side and a view of what the economy will look like and then you come back to the fed, carl, which seems to be the fuel that everybody sort of points to as the key fuel, i should say, for this market. Yeah. Morgan, lots of notes over the long weekend and we hope everybody did have a great, long weekend. More debt and liquidity and asset reflation. That was literally the title of the jpmorgan note on friday. Yeah, for all those folks that were basically still stuck at home or not traveling and getting on airplanes, lots to digest in terms of market commentary over the weekend. I would add to the fed, i would add the expectations that do seem to be baked in around what phase four fisc
Peaceful as democrats look to curb president ial power under the insurrection act. We are live to washington, d. C. A very good morning. I am anna edwards from london alongside Annmarie Hordern from new york. You thisod to see friday. An incredible week of news flow. A lot of the imagery, and some of that shocking, coming from the United States, but as far as risk assets are concerned, the stimulus stuff coming from europe, whether that is in the shape of Monetary Policy or in the fiscal form coming from germany. Annmarie we may get some more stimulus news from the United States. The Trump Administration is envisioning another 1 trillion in the next round. That could potentially be news coming up in the next few weeks from washington, d. C. The imagery has been extraordinary. A turbulent week across the United States. New york city, where i am, is still under curfew, but we see peaceful protests, so a lot of some of these other cities are starting to actually lift some of these curfews
You have to match it with the economic reality. So we talk about testing people that could be immune, testing people who have recovered to try to figure out what the next phase economically could be. Tom the next phase, you see it in the markets today, francine. We have some important interviews on surveillance today to keep you updated on the virology. As london joins the lockdown, lockdowns appear at the margin to be working. There are terrific charts out there. What is important this tuesday is we are beginning to get a math, a Cardinal Rule in statistics that you need 30 data points, 30 data points, 30 days of information, if you will, to really get a sense of what a trend is. We are right at the cusp right now on the virus. You can see the trend of italy, terrible, but may be Getting Better. Of new york and the united states, really problematic. What i was i am italian, and i have been trying to figure out for a long time what people have been saying about flattening the curve, an
I am Francine Lacqua in london. Lets check in on your markets. This is what we see in european stocks, down 0. 3 , a bid for treasury, a bid for gold. We are also getting some data out of the euro area, that manufacturing figure for february is slightly higher than expected, 49. 1 instead of the 47. 4 forecast, so we are seeing a bit of an uptick. 1. 0818, but we will try to figure out what that means for the European Central bank. Speaking withare philip from the European Central bank, about his outlook. Lets get to the bloomberg first word news in new york city, here is viviana hurtado. Hi, viviana. Viviana francine, we begin with more data out of europe. Germanys economy is facing more pressure. Many factors are bring about the impact of the coronavirus outbreak. Is latest pmi is showing it still in contraction as expectations for out that are dropping. And france, the Service Sector is driving Economic Growth to an unexpected pickup overall. That is as the nation fell back into con
Today, the blue line is the 20 day moving average. Joe so much action. Plunge, the. 4 worst decline since august 2011, a sixth straight day of losses, and we are in correction mode. Lets talk with all of our reporters. Abigail. I would like to put today in context. It is brutally ugly. It is brutally ugly. Headed to its worst week since 2008, the nasdaq down 12 . Is down 14 . Ex 500 is the only one to go below its 200day moving average. Chart ahead of the selling of the bearish divergence was so stunning and so striking, the question was not when or if the music stops, but was. The new york faang index is we could seeended a decline of greater than 15 , supported by the bearish rsi, not even close to oversold. Ahead fore selling stock indexes in the u. S. Thank you. ,m looking at highyield debt a 2020 gains. Spreads on junk bonds are now the widest since august. The rally and can be seen by the fact that 2020 returns have almost evaporated. 500 is downhe s p more than 6 with an increas