Famine market ive ever seen either the world is ending or everything is going to be just fine. House of pleasure no middle ground. Problem is, thats a terrible way to invest. Have to try to keep a level head, not too negative, not too positive thats how you handle days like today where the average is up and down, big before covering, not only gaining 158 points. S p climbing. 83 . The nasdaq jumping 1. 43 down so horribly, wow, let me break it down for you. This morning at 4 00 a. M. This market looks horrendous. Down a thousand points why . Nobody really knows. We heard it was because of covid spikes and outbreak in china i was watching the tape and it was all about the same, the big declines in royal caribbean, norwegian cruise, carnival, apache, united, continental, southwest, kohls, everything got crushed last week, everything that always trades before the market opens. Why dont we call them unusual suspects thats the new playbook for all the novice investors who crowded into the m
From beijing to new york, jersey and south carolina. We have the top stories. We begin in asia, where the spread of the coronavirus is feeling concerns it is widening the pandemic. The cdc issuing a stark warning for the u. S. It is not so much a question of if this will happen anymore, but rather a russian of exactly when this will happen but rather a question of exactly when this will happen . Me is selena. Walk me through the latest. In china, the rate of infections continue to stabilize. Fewer cases than the day before. The rest of china reported five new cases, and all of the additional fatalities were in smaller areas as well. City is not requiring people arriving from japan or south korea to go through a 14 day quarantine. The momentum is shifting outside of china. You have seen south korea becoming a new hotspot with infections raging up. Testinginitially positive for coronavirus, which would be the first infection in latin america. Italy has had more than 300 cases and 11 deat
More than 700 14,000 people applied in europe last year. Thats up 13 from 2018. Much of the increase is attributable to migrants from countries that have these of free travel arrangements with block. Says hisuterte countrys forces can fight insurgents and muslim extremists without any help from the american military. He was defending his recent decision to terminate a u. S. Security pact and also said he would stick to his pledge to not travel to the United States. He made that decision early in his presidency when he was enraged by president Barack Obamas criticism of his deadly antidrug crackdown. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery im shery ahn. Amanda im amanda lang. We are joined by our bloomberg and Pnm Bloomberg audiences. Here are our top stories. Shery markets are whipsawed on the back of their biggest today lost since 2015. Investor
We start with the u. S. Senate bill aimed at supporting hong kong protesters. Ministry said in a statement that it blatantly interferes in Hong Kong Affairs and other china internal affairs. Bloombergs great at china editor karen leigh, walk us through what happened. Karen this follows chinas line telling the u. S. To back off when it comes to hong kong. The into options that it could take. Sees a bit hong kong of a more normal daytoday after many days off, and a standoff between protesters and police is coming slowly to an end. Looking ahead towards district elections on sunday. Should the government delay or postpone them, that could lead to more protests, so all eyes sickly turn to next weekend. Eyes basically turn to next weekend. Alix thank you. Bloombergs matt miller joins us from frankfurt. Walk us through the highlights of the report. This twice a year, as you said. They think this is a part of the responsibility they have for setting Monetary Policy, to also point out the risk
Out of congress. Europeanarkets stock markets under a little bit of pressure today, down 0. 5 . The senate bill regarding hong kong seems to have cast a little bit of a shadow over markets today. That is certainly keeping people awake at night as we approach december 15. The pound down earlier on, rallying a bit over the last hour or so, back to flat, 1. 29. Two basis points to the good on the german tenyear. We did see some quite disappointing ppi data out of germany, but i think betray narrative is generally more risk off i think the trade narrative is generally more risk off. Vonnie key testimony underway in the house impeachment inquiry , and major Market Energy a political reaction to a just atsed senate bill aimed supporting protesters in hong kong. We are joined by our chief correspondent on capitol hill. We saw life pictures a moment ago. Im curious as to what kind of reaction there is in washington today from the testimony so far. Surely whats been said doesnt help the republi