Stay updated with breaking news from Katie murray. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sift through some contracting data, trying to figure out the impact of the coronavirus. The stoxx 600 for to much flat. U. S. 10 year yield kind of Holding Steady and we look at europe as we are having quite a lot of data today. Germany not as bad as it could have been but we are expecting gdp for the eurozone as a whole. Coming up, we speak with the cleveland fed president. That is an exclusive interview at 5 30 p. M. U. K. Time. Thats get to the first word news in new york city. Viviana we begin with a chinese province of the epicenter of the coronavirus outbreak. It has reported almost 5000 more cases. Confirming the nearly 15,000 reported yesterday which appears to be a oneoff situation due to a new method of counting infections. Chinas revisions to the data is making it more difficult to gauge the true scope of the outbreak. The death toll was lowered by more than 100 to account for double counting. It is right now at 1380. H ....
Matt good morning from a very busy berlin. We have a office full of reporters who have been here all night long, like the Lionel Richie song, because the German Climate cabinet has been meeting since yesterday and has not been able to come to a decision on the possibility of a carbon tax or extension of the cap and trade system, and has not come to a conclusion about what environmental kinds of environmental package that could be in the tens of billions of euros ity wants to present. Nejra it will be interesting to see what that includes, and if Angela Merkel disappoints. She was criticized when she was environmental minister. It is the number one concern of german voters, and as far as what we could get, there are questions over some kind of extension of the emissions trading scheme, may be moving that to other sectors, a ....
The euro continuing to go down against the swiss franc, piling pressure once again on thomas yourdon. Vonnie here in the u. S. , we are seeing continuation of that decline in equities, down 1. 3 for the s p 500. The nasdaq 100, on some chipmakers we are looking at almost 2 . The 10 year yield has been on the decline a little bit today as well, now down at 1. 84, despite a jobs report that pretty much would have been very pleasing had we not gotten those tariff tweets yesterday. Of course, larry kudlow saying this morning that we will see what comes out in beijing today. He seems to be hinting something would indeed come out of beijing. That said, the offshore yuan is trading at 6. 9721. Theres a big spread between where the yuan was fixed at today, which is stronger than 6. 90, and where it is trading at offshore now. Crude oil futures recovering just a little bit. A huge decline this week, but backup 2. 7 now. We will see some of the market moves and perhaps productively, they are low ....