Low. G20 leaders call for equitable access to Covid Vaccines and commit to supporting the economy with host saudi arabia handling the stimulus measures taken by governments so far we injected over 11 trillion into the Global Economy to support businesses and protect individuals livelihoods this is an unprecedented g20 economic stimulus. And president elect joe biden prepares to name his cabinet picks tomorrow with nbc learning veteran diplomat Anthony Blinken is the frontrunner for secretary of state. Well, good morning, everybody and welcome to street signs. We have some big news for this monday morning yet another breakthrough when it comes to vaccines. Its been the third monday in a row that we get some big news on that front and today the results from astrazeneca and oxford yet again proved to be positive showing efficacy rate of up to 90 thats giving a boost to market sentiment. Theres a lot of green on the board. Yet some more positive data coming out on the vaccination space and
Supply cuts. Whatever decision we will take, we will take i german autl to the bottom of the stoxx 600 and warns of weaker auto production for the year ahead. Hugo boss warns coronavirus will have Significant Impact as illness spreads through its key market saying the outbreak is having a serious impact on foot fall. The total traffic we have seen is almost an 80 drop we have seen significant decrease of traffic from last year good morning welcome to street signs. You can see behind me, european markets are not actually trading positive despite the big surge in wall street we saw yesterday. More than 1,000 for the dow. A very verse al of the fear that gripped the markets a couple of days ago you could also say there is a lot of expectation here hanging on what the reserve should do next all eyes on what the central bank should do after the surprise cut the Interest Rate by 50 basis points awe a lot of questions as well mark carney will give a speech later today. This is the picture of
Affect business and Consumer Sentiment and Investor Sentiment. A chorus of asian bankers saying theyll take action and the bank of china also places easing china sectors and auto sales plummet. U. S. Futures turn higher after joe biden takes texas. California is still too close to call as the former Vice President gets into the super tuesday spirit it is a good night and seems to be getting even better. They dont call it super tuesday for nothing. We have a very busy show talking about everything from super tuesday from that surprise rate cut for the month of february, we have the final Services Numbers that came in at 52. 6 versus the flash estimate of 52. 8 the final Services Number lower than the estimate. As for the composite number for february, 51. 6 this data is now beginning to look outdated given the extent of the slow down given manufacturing and supply chain and coronavirus. The impact will show up in march. Worth baring in mind that we did fleetingly start to see European D
Services unicredit shares see red as the named front runner for the top job pitching him against the current chief. An allnighter doesnt stop Angela Merkels Early Morning. Commissioners president tells cnbc it is important to fund climate and digital policies this is the reason why we are negotiating. There are many different interests that have to be convened with the budget it puts emphasis on the modern policies good morning. It is a very big day for your data we had pmi numbers coming out. We had the composite numbers the flash has come in at 51. 6. Services at 52. 8 up from 52. 5. Manufacturing has come in much higher than expectations at 49. 1 versus 47. 9 in january a bit of a surprise given that some people were expecting that coronavirus would have impacted those. Absolutely. The new business index which held at januarys high that seems to be holding up. For further information on what we should be looking at here, lets get out to Chris Williamson at ihs market great to have y
A lifeline for sears that may be too little, too late. And the wait is over for baby yoda fans everywhere it is friday, february 21, 2020. Worldwide exchange begins right now. Good morning. Happy friday welcome to the show. Here is how stock futures are setting up their friday today. You can see here, stock futures indicating 140point drop for the average. S p open down about 17 points. The nasdaq is off by about 75. This is after a wild ride that had the dowdown about 350 points you can see there in that time lapse, a huge volatile trade in yesterdays session. In the bond market, 10year benchmark below the 1. 5 mark. 1. 48 there. Twoyear at 1. 37 . Treasuries a key focus as people buy up the safety of u. S. Government bonds lets send it over to Joumanna Bercetche in london with an update of what is happening around the world good morning. The handover from wall street has been interesting we are seeing a little green here shanghai composite up. The tech sector slightly better up 1. 1