The Vice President is the governments point person. Plus, is jack dorseys job on the line . An activist investor with a sizable stake in twitter is pushing for changes. First, some ominous news in the u. S. More deaths here stateside. Despite that, the market is going green. Cindy . Es it look like it in sydney. Paul it going pretty well. Markets reacting on promises of support from Central Banks. A strong rally, higher by 3. 5 . Futures pointing higher, better than 1 as well. Alsoi futures and kospi stronger. The yen has weakened. The boj will do what it can to support markets. The aussie dollar still has a 65 handle. It is reserve bank of australia decision day and the consensus now is that the rba is likely to cut the cash rate to half of 1 . Lets take a closer look at what happened here. Stocks surging. Ending up over 4 with investors hoping that Central Banks will be coming to the rescue. For more, we are joined by Abigail Doolittle in new york. What is driving the optimism . Abig
279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to bottom is the chance that they werent going to bottom. Bef
Coronavirus cases climb, worries as the number of u. S. Cases increases without links to and outbreak. Joins apple and hp in scrapping its outlook on the virus. Standard chartereds cfo tells bloomberg it is too soon to say how bad it will be. Quit, factors will probably come through in march and beyond. The uncertainty at the moment is which markets is in which markets it will affect things. Matt europe on other. Matteo salvini tells bloomberg the Prime Minister is underestimating the threat. We are live in rome as Giuseppe Conte meets Frances Emmanuel macron today. We take a look at futures. They are a little worse in the is. Compared to well, no, stand corrected. They have dropped much more now in europe. Its rare you see a move in this order. Percent. Res down 1. 7 u. S. Futures have recovered a bit. They are down less than 1 across the three major indexes, although just slightly in terms of the nasdaq, down almost 1 . And more risk off news anna, do you see more risk off news on th
To very high global level. Well lisa china there is some good news in Mainland China they are reporting 327 new cases that is the lowest since january 23rd and chinas biggest 3 airlines they have restored some International Flights with that lets go to kristie to start off this weeks market walk. Buyers are getting burned again as an avalanche a stock dumping continues and accelerates into the weekend Global Equities are now headed for the worst week since the depths of the 2008 financial crisis as investors ditch risky assets on fears of the coronavirus will become a pandemic and do real Economic Growth even gold cant even catch a break with the safety metal down 1. 4 percent for the week now this is unusual as gold and risk assets trade inversely but with a sliding gold it is a market signal about fears of a Global Deflation settling in the entire treasury yield curve is inverted and now trading below the fed funds target rate the market is essentially now demanding almost 4 rate cut
A population of over 20000000 people has also reported its 1st case from an italian patient w. H. O. Continues to warn that this virus will likely soon be in every country throughout the world. The continued increase in the number of cases and the number of affected countries over the last few days clearly of concern. Just have been monitoring these developments continuously and we have no increased assessment of the risk of spread and the risk of impact of corbett 19 to very high global level. Well lisa china there is some good news in Mainland China they are reporting 327 new cases that is the lowest since january 23rd and chinas biggest 3 airlines they have restored some International Flights with that lets go to kristie to start off this weeks market walk. Buyers are getting burned again as an avalanche a stock dumping continues and accelerates into the weekend Global Equities are now headed for the worst week since the depths of the 2008 financial crisis as investors ditch risky a