Billion. That is the rumor promising 850 billion. That is the rumor from secretary of the treasury Steven Mnuchin. Crude also recovering. We still have a two handle, all after the vix hit a record monday. Time now for global exchange. We are going to bring you todays market moving news from all around the world. From new york to brussels, washington, and berlin, our bloomberg voices are on the ground with this mornings top stories. Futures trimming early gains this morning, then rallying. Here was more in new york is bloombergs annmarie hordern. Walk us through some of the action so far. Annmarie as you said, we hit limit up on those futures. We then went lower into negative territory, but now back in positive territory. It does look like the bears are in control of this market. The biggest plunge on markets since 1987. In europe, similar story. We were seeing a lot of gains, then went negative. Right now on the stoxx 600, we are about flat. We are seeing some Massive Gains on the lose
And the nasdaq closed at a record high. Russell, a lot of big movers were in that cap space. Grubhub, Weight Watchers, club our you are getting more brass. We want to Mention Volume picked up dramatically in the dow. Up 47 . The nasdaq up 20 as well. Let us check in with our report just to see what they were monitoring. Abigail, what are you watching . A stick with the theme that investors, traders too optimistic given the current context of the tensions in the middle east. Evaluationp 500 self and the technical stretched this is a one year chart. What we have is the s p 500 climbing relative to the 200 Day Moving Average went it went above. It consolidates down toward the 200 Day Moving Average. 9 above the average. Not every day that we have alltime highs. Missile attacks in the middle east but that is the case. Highs in their. Stretch conditions may consolidate a bit. Taylor. I am taking a look at the similar thing p. A multiple basis. If you take a look at the chart Bleakley Adviso
Capital hike. And investors try out the latest cost cutting measures. The telecommaker is shedding an additional 10,000 jobs by around 14 . A very good morning to you. If youve just joined us in europe, good afternoon. If youre watching in asia, and well get on to you in todays show on, as well. Sideline. Instead americas trading partners in asia have been left frustrated. Well have the latest from the apex summit in bali. Plus at 10 35, a new hsbc report shows infrastructure trade will triple by 2030. Well ask whether the surge is likely to come from developed or emerging nation peps. Investors appear to be stamping their seal of approval on the royal mail ipo. But does a last minute rush before the deadline suggest the governments share price evaluation was wrong . Well get the latest at 0 20. And it was bought for 200 million in 2001 and now its worth 250 million. Well be joined by the coowner of the ultimate fighting championship. To find out how he helped make the franchise a knoc
Weather. 14 dead, more than a dozen missing in the united states. Text messages between Oscar Pistorius and Reeva Steenkamp in the trial in south africa for the murder of his girlfriend. And disappearing sounds. The challenge to record and save them before theyre lost forever. Hello, everyone. Bad weather and rough seas in the southern indian ocean have forced authorities to suspend for 24 hours. Within the last few minutes, malaysian explained how a new analysis of satellite data concluded that the plane crashed into the sea in a remote part of the southern indian ocean. The search area has been narrowed from 2 million nautical square miles. A ship is on the way to look for the black box recorder, but its not due to arrive until april 3rd. Relatives of the many chinese passengers on board staged angry demonstrations. They used malaysia of trying to delay, distort, and hide the truth. Celia told me more about the protests she witnessed. Reporter it was a shocking day. A rare street pro
american base last week. the u.s. says the holy booked were burned by mistake and has apologize. with russia s presidential election less than a week away, russian state media says a plot against the number one candidate s been foiled. prime minister vladimir putin s about id to return to the presidency has stirred widespread protests. and now russian tv says two suspects in an alleged plot to as nature him have been arrested in the ukraine. they attempted a number of attacks in moscow, plus one on mr. putin right after the march 4th presidential poll. those are the headlines from cnn, the world s news business leader. i m zain vergee and world business today starts right now. good morning from cnn london, i m nina dos santos. and a very good afternoon from cnn hong kong. i m andrew stevens. you ve watch be world business today. our top stories this monday, february 27th. the world bank issues a stark warning to china, free up the markets or face some dire economic