Watching for wild swings right here 10 year yields 0. 7 and thats pretty stable compared to where we were two days ago i checked that, whats the problem with the markets but theres a lot going on breaking overnight, this should have been somewhat helpful you would think. Bank of england announced emergency cut. Lowering the bank rate by 50 basis points to. 25 englands central bank also announced a new funding plan to support small and Medium Sized Companies as well as new steps to help commercial banks lend more well get a live report from london in just a couple of moments. Now an update onthe coronavirus. In the u. S. , confirmed cases have now topped 1,000. Want to get to meg now who joins us with the latest meg. Good morning, andrew, case counts drived to 119,000 overnight with almost 4,300 deaths among the hardest hit countries, italy, iran, and south korea and they tell dramatically different stories. Italy reported highest daily jump in deaths yesterday to more than 600 of more
Citys decision to take down monuments honoring key figures of the confederacy. Supporters filed a lawsuit blocking one statues removal. The city has dismantled one monument, with three more on the hit list. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, i am julie chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. We are 30 minutes from the close of trading in the u. S. Stocks trading near record highs and the vix heading for the lowest close in a decade. Joe but the question is, whatd you miss . Scarlet landslide victory for new french president Emmanuel Macron, but can he get a parliamentary majority in june . Cap President Trump get anything done with the pipeline of legislation on the calendar . And frustrating trades David Einhorn ratcheting up the rhetoric on 2 auto names. We will explain why. Lets look at where the major av
1. 7. Markets, disappointing print on gdp. Ruble slipping overnight after yesterdays rally. Futures are in the red. Amazon stock is up sharply, results beat as profits returned to seattle. Google misses stock fell 3 . Then the Conference Call. Google shares higher in the premarket. Well tell you why. And visa posts strong results, the stock split, that stock also up. But first up, futures moving lower on the final trading day of january. Gdp below expectations up 2. 6. Weaker Business Investment wider trade deficit offsetting a nice pop in Consumer Spending. Chevron, mastercard among companies posting better than expected earnings but the major indices on track to post declines for a second consecutive month. We havent do that in a couple of years. Oil shooting for serve months down gold for three months up. Crazy times. Were the opposite of europe. Europe is fantastic for this month. A great stock market. Great stock markets there. Im struggling to find what stocks are fitting the fut
1. 02 and the nasdaq plunged 1. 14 , i think being old is a very good thing. Whats so great about being old . Simple, i remember things. Things that can be valuable to all of you, because ive lived and traded through them. Right now, of course, were in the midst of earnings season. The news is coming fast and furious. Boeing missed the forecast, is the honeymoon at yahoo finished in the wake of the not so hot quarter and the slowdown . In a normal day, we pick them apart, questioning whether facebooks quarter was as good as it looks. I think it is. These are not normal times. Other forces are at work. Forces that are not necessarily bigger than individual companies that make up our stock market can still trump them shortterm. Lets set the tableau you and me. Nothing to do with the Earnings Report, which like every other day have been good with only a few real stinkers. Typically on the guidance, too, not the quarters themselves. The weakness is from emerging markets and their likely im
The gas business and mitsubishi would look into the turbines. And pipeline Williams Company is acquiring midstream for 6 billion. This will give them Master Limited partnership. Andrew, a lot of activity out there. That is. It was a crazy, busy weekend. To believe all those deals are happening. Plus well talk about the inversion step. This deal is different from the ones we have seen before in terms of why the Tax Implications are what they are. This is more about the money being abroad and not bringing it back. And well also talk now about other Corporate News because a rough sunday was had by target. A glitch in the retailers customer checkout systems ended up causing huge delays, long lines at some stores in five different states. And social media blew up everywhere with complaints of the backups. The company says the glitch is not related to a security issue, but nonetheless, if you have read the twitter feeds, you would think other things. Well, the global markets, meanwhile, cont