The economy as early as next month. Almost 2 Million People have died worldwide. The imf and world bank prepare to meet amid the most down the worst downturn since the 1930s. The new reality of collapsed trade and mounting unemployment. Oily we are seeing reversing gains as much as a percent at one point in london. 25 , sames now down for wti. We had the reduction coming from opec and its allies are that would have been the sickest single largest in history. Goldman sachs but says it is insufficient. U. S. Futures gained at the open, reversing earlier prices. The nikkei futures also down 1 . We have markets closed on holidays including australia and new zealand. Global cases also affecting sentiment in the markets. Those cases rising towards 2 million with the United States the epicenter of you break after fatalities in the country surpassed italy. There are signs of optimism in the hotspots like new york. Lets bring in Sophie Kamaruddin with the latest. We have seen President Trump. A
Positive territory here by the closing bell. Volume is lighter than usual. A lot of asian markets closed, western markets. Many are waiting for the start of earnings season. Fargo first. Lls perhaps investors will be forgiven of money misses but it is the commentary at any kind of planning we are looking forward to hearing from these different ceos. Romaine you brought up the idea of the banks kicking off earnings season. A pretty strong route in financials today. Index down about 4 . The regional index down more than 6 on the day. When you overlay that with some of the concerns here that whatever sort of economic beound we may get may not Strong Enough in the way that some investors may have wanted. Scarlet earlier about earnings. Sherry in terms of earnings, i do think there are traditional tools in the traditional toolbox that analysts will be looking towards in addition to corporate identity. The traditional things are going to be balance sheets. Thisve heard a lot about over the l
Gold moves to a shine after moving to a sevenyear high and Oil Prices Bounce back the Oil Ministers tells cnbc he is not worried about the virus im not a concerned person. I tend to think calmly everything serious requires attendance President Trump is up beat about a trade deal with indian Prime Minister in a press conference of day two of the u. S. Leaders state visit im optimistic we can reach a deal that will be of great importance to the two countries. Working together, i know we can achieve new breakthroughs and forge even brighter futures the new coronavirus drove fears it could turn into a full pandemic the stoxx 600 now above the flat line we did see the stoxx 600 pair back stronger gains early on in assessment mode trying to determine where to go from here after selling off yesterday dropping 3. 8 . In terms of the latest on the numbers around coronavirus, the number of confirmed cases now nears 80,000 globally. Over 800 people have contracted the virus in south korea while c
China. Facebook falling. A new report says the social media giant is no longer one of the best places to work. And a strike again. Yankees inking the largest contract again for a Major League Pitcher all of this as Worldwide Exchange begins right now good morning and welcome to the show im dominic chu in for Brian Sullivan trying to snap a twoday losing streak all remain negative so far the dow would open up just about four points, the s p about one point and the nasdaq about seven points pointing to the big fed decision later today. We are seeing some signs here, movement there to the down side 1. 86 . 10year note deals, twoyear note deals ahead there you can see the major board says hang seng up, shanghai compositity up and the kospi about flat for japan in european trade, german dax up 0. 10 . The cac off about a quarter a percent as ftse 100 around flat as well. So the faa is reportedly creating a new Safety Branch to address gaps in their oversight. The faa has come scrutiny for a
But now on day 37 or day 39 as a preview of what it could mean if the streak is broken in the future, take a look at the very long streak in the summer going all the way to the beginning of october, huge volatility and an earlier this year, we see there was a 36 day streak less than 1 also followed by big moves. The small moves for the s p 500, it may suggest we see more volatility and if that happens, it will be interesting to see when that is. Did see a risk rally today in markets, but not in precious metals. We saw commodities future falling and this is one of those up the job states as well as some progress happening within the u. S. China trade talks rally. And a look at the action you can find that it was virtually low for most of the year but your today to date, gold is up more than 13 . This trade is boosting other markets today, actually having gold kept in a range. Trade uncertainty helped gold earlier this year and throughout the year and as more trade sessions continue, it