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weaker as you have no agreement over finance chiefs on what to do over the crisis. russia doesn t think a 2 million barrel a day cut is enough to get anyone to the table. in the bond market, $17 billion worth of supply coming online at about 1:00 today. it is time for today s market moving news from our london and new york offices. european union finance ministers now failing to reach a deal on a unified strategy combat the economic damage of the coronavirus. germany s finance minister olaf scholz did give a press conference shortly after talks ended. i think it is absolutely clear that the recovery of great will be a very activity. we have to organize together. as anyone knows, i think it is absolute possible to do this within the framework we already have. alix: bloomberg s michael mckee joins us now. i couldn t believe it, but i could believe it this morning when i woke up and saw they could not agree, and it was north and south. michael: it seems that way to a lot ....
from beijing to new york, jersey and south carolina. we have the top stories. we begin in asia, where the spread of the coronavirus is feeling concerns it is widening the pandemic. the cdc issuing a stark warning for the u.s. it is not so much a question of if this will happen anymore, but rather a russian of exactly when this will happen but rather a question of exactly when this will happen? me is selena. walk me through the latest. in china, the rate of infections continue to stabilize. fewer cases than the day before. the rest of china reported five new cases, and all of the additional fatalities were in smaller areas as well. city is not requiring people arriving from japan or south korea to go through a 14 day quarantine. the momentum is shifting outside of china. you have seen south korea becoming a new hotspot with infections raging up. testinginitially positive for coronavirus, which would be the first infection in latin america. italy has had more than 3 ....
a slight bid into the back of the bond market. lots of supply coming on next week. that is front and center, along with the repo market. time now for global exchange. we bring you today s market moving news from all around the world. from mumbai is bloomberg s south brussels, iann wishart. in india, the government unveiled a $20 billion plan to boost growth, including cutting corporate taxes to the lowest in asia. stocks having their best day in india and a decade. we have more from mumbai. reporter: as you mentioned, happy friday for companies. they are: a big they are calling it a big bang of sorts. however, bonds obviously felt because they see huge stimulus coming, they don t know where and how the government will fund it. as you mentioned, and yet will be one of the lowest tax regimes , and that could attract a number of foreign investors and foreign companies as they seek find new venues to set up manufacturing companies amid the u.s. and china trade war. i thin ....
fueled in part by this deadly and dangerous heat. and the passengers on board a delta flight sitting for more than an hour on the tarmac amid triple-digit temperatures outside. they had to call in medical teams and oxygen. the stunning images tonight. that powerful tornado in north carolina, tearing through homes and businesses, hitting at lunch hour. multiple people hurt. and the twister slamming into a pfizer plant, sustaining major damage. in kentucky tonight, the governor there declaring a state of emergency. widespread flooding. and we re learning more about the nightmare on board that delta plane. passengers and crews spending more than an hour on the tarmac. the outside temperature reaching 110. rob marciano standing by with the tornado concerns still at this hour and the storms and heat. we also have new reporting tonight in the defection of an american soldier to north korea. his mother making a desperate plea tonight. the new image of that soldier at the d ....
triple-digit temperatures outside. they had to call in medical teams and oxygen. the stunning images tonight. that powerful tornado in north carolina, tearing through homes and businesses, hitting at lunch hour. multiple people hurt. and the twister slamming into a pfizer plant, sustaining major damage. in kentucky tonight, the governor there declaring a state of emergency. widespread flooding. and we re learning more about the nightmare on board that delta plane. passenger and crews spending more than an hour on the tarmac. the outside temperature reaching 110. rob marciano standing by with the tornado concerns still at this hour and the storms and heat. we also have new reporting tonight in the defection of an american soldier to north korea. his mother making a desperate plea tonight. the new image of that soldier at the dmz just moments before authorities say he ran into north korea on his own. a witness describing the moment. where he is right now and what do a ....