That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down
Based on the risk off the further markets. It is time now for global exchange. We will bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. Where to begin in asia, the coronavirus continues to spread in china, with the number of confirmed cases climbing above 75,000. Engle. Me is Stephen Stephen for the second time in about a week, china has rejigged its methodology for how to classify confirmed cases of the coronavirus in china, that has led to this now becoming a bit of a global crisis. We are seeing more speculation that the data we are getting is we necessarily reliable, or are seeing a significant dropoff in the number of confirmed cases. In hubei province, just 349 new cases reported overnight. Is that because of the new methodology, or do they have the containment efforts under control . That is raising a lot of confusion and questions. Also, it adds to suspicion that officials in china may be prema
We are seeing a balance for the s p 500. Starting at 200 and moving on. Up. 4 . Are down 1 ing right now, another setback for boeing, its star liner heading to the iss did not make it. Boeing has put out a statement saying it was the wrong Mission Timer installed and it is unclear. They are looking at sending another unmanned crew into orbit, but not sure if they will yet. Another setback for boeing and that stock is down today. It is worth noting the brazil regulator has given the goahead for the boeing merger in january. That is one Silver Lining to todays news for boeing. Ae british pound is up quarter of a percent on this friday session. The ftse 100 up a tent and germany is rebounding up. 6 . We began in the u. K. , where the were Andrew Bailey will succeed mark carney of the bank of england. We are joined by David Goodman from london. Names have a lot of leading up to this decision, including likes bailey. Why was he best suited for the role . David bailey has been the favorite w
Maria big show this morning, joining the conversation fox friends, pollster and maslansky partners lee carter and chairman and ceo john peebles. Great to see everybody this morning. Great to be here. Maria you heard it here first, usmca is coming to the floor, House Speaker nancy pelosi announcing that House Democrats have reached a deal with the Trump Administration on the trade agreement, the pack likely to be approved by congress after the new year, the senate might not take it up until after the impeachment trial, President Trump and nancy pelosi weighed in yesterday as the impeachment battle raged on simultaneously. The Silver Lining of impeachment and witch hunt, thats the reason they approved usmca, thats okay with me because they approved it and they are very happy to have it. Theres no question, of course, that this trade agreement is much better than nafta, but in terms of our work here it is intimately better than what was initially proposed by the administration. Maria i th
States the person behind that report will be here and later, carson clock. Right now carson will join us to fight back you dont want to miss it. Power lunch starts right now lets get straight down to more on what we know about the phase one deal and what we are still trying to figure out what we know is its an 86 page deal in a leather bound book outlining principals on intellectual property and currency by which both countries will abide china will be purchasing 200 billion in u. S. Goods includin up to 50 billion in agriculture goods. It will be no new tariffs so long as the two sides are abidesing by the agreement and continuing negotiations. No additional tariff roll backs are scheduled beyond the september 2019 round that President Trump announced by tweet today. Ambassador Bob Lighthizer told reporters he expects some ministe ministers, not the leaders, to sign the deal in january in washington the deal will take effect 30 days after that. I asked what happened over the last two