Maria we want to get a check on Global Markets this morning. A lot of action, rally in europe as well as the u. S. Right now. Take a look at european indices, cac quarante up 72 and dax up 147 points. Euro zone purchasing managing index better than expected. The spread of the coronavirus is expected to cause weakness going forward. Remember, the outlook thats materially changing right now. We continue to see the numbers today pretty strong. In asian overnight markets are mostly higher. Take a look, the weak spot was hong kong. The others fractionally moving although korea was up 2 and a quarter percent. We do have more bad Economic News out of china. The service purchasing manager index slide to go record low overnight. February car sales plummeting 80 year over year. South korea announcing stimulus package to fight coronavirus. People are saying if he has to cut 50 basis points before meeting, what does he know that we dont know. Maybe its a lot worse that we thought, as a result the
Ill admit, im just the same as i was. Now, dont you understand. That im never changing who i am. Cheryl we are here, welcome to fbn a. M. Good morning everyone. Im cheryl. Lauren good morning. Welcome. Im lauren simonetti. Cheryl all right. Lets take a look at how your money is doing this morning. Lets take another look at futures. Its been a week, right. Another loss for the dow and s p yesterday, both down five days in a row. Right now, we do have more red arrows. The dow was down 400 overnight. This is an improvement. The dow is down 133, s p down 16, nasdaq is down 42. By the way, a lot of retailers reporting before the bell. We have best buy, jc penney to mix it up today. Lauren its a coronavirus driven market. The price of oil is at 47, 93. Down almost 2 right now. Gold of course flight to safety, at 1648 an ounce, a gain of 5. Goldman sachs sees gold topping 1800 in the next three months. Cheryl we have seen a flight to safety into treasuries. Right now the yield is actually dow
Uncertainty. Coming in below estimates. Oil making a move higher for a change today, snapping a fiveweek losing streak, turning in one of the best weeks of the year nanny taylor is here welcome to ladies hour here. Girl power. You say tech is the key do you mean fang or something broader . I mean something broader than that we started to see the Economic Data ticking up, yet local p miismt its mi is moving up, small by, Chinese Consumer precoronavirus. So we have to see what is going to be the impact, farreaching impact i think thats good for stocks so i think stocks are less risky. So were looking at tech as if it doesnt work, nothing works right now the total confirmed cases are topping 64,000, the total death toll is nearly 1400. In the u. S. There are 15 confirmed cases with eight of them in california Many Companies are continuing to speak out about the impact the virus is having on their bottom lines. Today british drug Maker Astrazeneca reported quarterly results, warnings a hit
Says so the money was planning an imminent attack and this killing was an act of selfdefense also on the program navy ships rescue thousands of stranded on beaches by australias bush fires before catastrophic weather conditions here. And. With old sport australia stalls play on with the victims of the bushfires in mind the most toxic air in the world well its pretty sad. So its just. An emotional mecurio softies a g. P. Cup when as he raises thousands of dollars to help. Us President Donald Trump says he ordered the drone strike that killed the rands top military commander to stop a war not to start one he says he was planning imminent attacks on american diplomats and military personnel speaking at his mara lago resort in florida trump said washington does not seek regime change in iran but its aggression in the region must be stopped. We took action last night to stop a war we did not take action to start a war i have deep respect for the iranian people they are a remarkable people w
Coastal town. And im famished with this sport as the n. B. A. Pays its tribute to david fan the man who built the modern game and on the call it the most valuable player of 2900 get 2 great start this year for the bucs. Welcome to the program we begin turkey where parliament is expected to vote in the coming hour on a government motion to deploy troops to libya supports the u. N. Recognize the ministration in tripoli theres been fighting against the warlord i have ta well his forces launched an offensive to capture the capital last april turkey says its troops will protect its rights in the mediterranean and its interests in libya ankara and tripoli recently signed deals on military cooperation and maritime boundaries but opposition parties in turkey are against the government move they say that must 1st give priority to a diplomatic solution but lets go straight to ankara women how to do is live for us now mohammed so is this proposal to send turkish troops a libyan like to pass the T