Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recently and citi said investors are pricing in post recovery. Singapore reports higher cases, more than 1000 for the second day running. I want to dial back to the oil story because we see oil moving to the upside after two days of unprecedented action and a spectacular selloff. Opecplus ministers holding an unscheduled conference to discuss what has been going on. The closing statement signals there are no new measures planned at the moment. Lets bring in mliv asia editor. Oil is on the up. We had tw
This is boom bust that one business show you cant afford to miss. In washington coming up markets rally on hopes that the coronavirus is finally stabilizing then oil on oversupply as a price war between russia and saudi arabia continues finally the popular losing momentum this is due to do well explain was boom bust cohost won the packed up with a new today so lets go and get. The krona virus epidemic continues to 3rd some countries are still waiting for the worst to come the global death toll now at nearly 74000. 00 with more than 1300000. 00 comparable cases in japan Prime Minister shinzo abbay said he will declare a state of emergency for tokyo and 6 other prefectures as early as tuesday. We have opinions from experts that the government should prepare for a state of Emergency Declaration i want to huge scale never before seen night we have decided to give them internet konami measures of 108 trillion yen one trillion us dollars which is equivalent to 20 percent of japans g. D. P. W
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
The new deal brexit rises. When it istells us the Prime Minister against the market, the Prime Minister tends to lose. Emma the biggest week of earnings season with Powerhouse Companies reporting. Better than expected cash flow which we have not seen for a long time. In the second half of the year things should pick up. We are seeing a little performance art. Emma mexicos president speaks exclusively to bloomberg. He says his countrys Interest Rates are too high but he will not intervene. If we trust, we are not just going to grow but also to develop. Emma some of europes largest banks say it is high time for rates to come up. Fundamentally negative Interest Rates are not good. Not just for the future of banks at stake right now. Emma it is all ahead on bloomberg best. Hello and welcome. I am emma chandra. This is bloomberg best. Your weekly review of the most important interviews from Bloomberg Television around the world. Lets start with a look at the top headlines on monday. Chinese
Basis points. The front end of the curve is moving quite substantially. We will talk about that in a few moments. A couple of thoughts on the move poster earnings. Snacks are because making a comeback, offsetting weakness and cereals. Western digital up 6 . Ceo digitals guy european stocks going nowhere. We are seeing a bit of a drag. The pound is down and the bank of england will not factor in a no deal brexit. They are going to wait for the government to do that. The german tenyear, yields continue to fall. The amount of negative yielding debt just continues to pileup, and up, and up. England is bank of keeping rates on hold, saying it is less confident than usual. The Federal Reserve yesterday also making its rate cuts. We want to get to Jerome Schneider, our guest the talk about all of the central banking moves. Jerome, thank you for joining. Lets get to the Federal Reserve rate cut first. Were you surprised by the Market Reaction . Jerome the market was surprised by future rate cu