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Steps. Morgan stanley and wells fargo join european lenders in pledging to preserve jobs during the crisis. Deutsche bank says it will pause future cuts amid its restructuring. Welcome to bloomberg daybreak europe. U. S. Futures on the back foot today after the best threeday gain in mere nine decades for the s p 500. The dow is technically in a bull market but it is 25 below the february 12 record. In terms of asia, a mixed picture. Following that emergency 75 basis point cut by the bank of india. A big drop in industrial profits in china. That is the news overnight out of asia. The 10year treasury yeild slipped five basis points. Risk off coming back into these markets after the powerful risk rally. We ask the question whether it is a bear market after the devastating rest jobless claims numbers, so weakness in the dollar. The dollar is hedging for its biggest retreat since 2009. Gold has its biggest weekly advance since 2008 after the effects of the funding squeeze and oil heading fo ....
The dollar still strong against currencies like the euro, but the commodityrelated currencies are performing really well in the em, as well as the g10 space. Time now for todays market moving news from our london and new york teams. We want to start with the markets after we have u. S. Futures rebounding. Joining me on the phone is bloombergs dani burger. The question i feel like, last week we saw the bottom, now feels off the table. Every day people are saying it is the bottom, it is not the bottom, but the picture continues to change. There is so much uncertainty. A bit of a lift in markets today. It is really the Energy Complex helping lead the way today, getting a boost from china beginning to buy oil for their state reserves. But any upside today is likely to lack conviction. Stocks in u. S. H fields are really starting to march higher. A slight backandforth in terms of u. S. 10 year yields, no moving lower after being just s ....
Mondays losses on the dow eclipse the first day of the wall street crash in the great depression, as the ceo of nasdaq says it is critically important to keep markets open. Macron callsuel for unity in the battle against the coronavirus. The e. U. Closes its borders, as im a trump admits the u. S. Could enter a recession. Unknown, volkswagen says the economic fallout from the pandemic is impossible to predict, as car plants across europe are shut down. Anna good morning everybody. A grizzly monday on wall street following a 100 basis point cut from the fed after an emergency meeting, the dow fell almost 13 , the biggest plunge since 1987. Oil hit its lowest level in over four years. President trump says the coronavirus may cause economic disruption against the summer and it could send the u. S. Economy into recession. Pointing, u. S. Futures up and european features also pointing to gains. The s p has fallen or risen by 4 last six days, an incredible record of volatility. And, lets loo ....
Announcer from ktvu fox 2 news, this is mornings on 2. And good morning to you. It is monday january 20th, im Claudine Wong in for gasia today. Good to see you. Im dave clark. Good morning. Steve paulson is here with the details. You didnt tell me claudine was here. We have a ton of cloud cover. Some of that fog, makes it really cold for some. Upper 40s, that will be it on the high temps. Maybe a little break this afternoon. The coast will be in the upper 50s to near 60, but there is too much cloud cover over us right now. You cant burn that fog off and that easterly component brings the fog. Its a low cloud deck, but it makes visibility okay, but it keeps temperatures really cold, upper 40s for some. Antioch, vallejo, over by the coast already in the upper 40s for some. This system will push the cloud cover out of the way, early this afternoon, but this system will give us some light rain tomorrow. 50s on the temps or upper 40s fo ....
Packers, the final score 3720. Good evening everyone. Tonight, the 49ers took control from the beginning and boy did they dominate. Stadium, still lit up at this hour after tens of thousands of fans filled the seats to watch the championship game. We have Team Coverage of the big win, henry lee is in San Francisco where they celebrated at a watch party. We want to bring in mark to break down the game. It was surprising as to just how onesided this game was in the end. 270 at halftime, everyone nailed it in but within nine minutes left, the packers told those 14 points. Jimmy g has been in the league six years, this will be his third super bowl. He was the back up to tom brady. A lot of people dont know that. Lets take a look at some of the activities down there at the fans, the alumni, all on hand. Theres a combination and something about connecting for super bowl. The niners, ....