Because of coronavirus meantime, the pause of news comes from the pharma sector as a trial from gilead shows promising results. Lvmh with a disappointing set of numbers the ceo says the situation is improving. Caller weve always seen in the history of the Company Strong bounce back after crisis. Weve seen that in the past and in other epidemics what we are seeing right now in china is not surprising us auto sales plunging. In italy, the hardest hit country as dealerships across the country are closed we are an hour into the trading session here in europe and we have a strong bounce on the index taking away from some of the losses we had shored up for the trading week the stoxx 600 down more than 2 for the week also strong gains in individual markets. The likes of the french stock market are rallying really nicely today one of the strong ones out of the core markets one of them that rallied 3. 3 , a little behind but solid to the dax, 3. 1 the ftse tracking in the green also slightly fi
I have to mention the volume is very, very substantial. Some of the peripheral markets in italy trading down very, very sharply today. 5. 5 . Y tenyear is catching a bit with 48. Daxie, let me show you the over here. A lot of people were short long. We are getting a squeeze when it comes to the b stocks. 73 74 move of stocks. A huge gap higher. Vonnie . Vonnie coronavirus concerns battling Global Markets at this hour. Italy is at the epicenter in europe, reporting a seventh death at 219 are now confirmed positive for coronavirus. Infections spiking in south korea and iran. Cases reported in afghanistan, kuwait and the total number of cases in china now up over 80,000 and the death toll topping 2600. Markets are adjusting. We are joined by Tracie Mcmillion from wells fargo. Joining us from charlotte, north carolina. What do you do in this environment were all major off in s p 500, off in s p and and stocks a lower. Do you do this is a buying opportunity . Good morning, bonnie doheny tha
Thanking them for their service to our country. Both have served our country in various capacities for a long time. Not an easy thing to do. I respect and appreciate that work. I look forward to continuing to work with you. The good news i want to start with is unlike last year we have a budget agreement. And last year we spent a lot of time talking about how difficult it is to run anything in the government but certainly the department of defense without Appropriations Bills in a timely manner. Now, last year we were off by i dont know 3. 5 months, Something Like that, but thats better than drifting into the next year. We did get Appropriations Bills and an authorizing bill done by december of last year which gives some predictability to the department. I think thats important. This year we hope to come a little bit closer to october 1st. Certainly on the authorizing bill, but also in the appropriations bill. Most importantly, we have a budget number. And hopefully we can get that pre
That wascal leaders challenges both internal and external. How long are you willing to take before you take legal action . We are very patient. Like china is allowed to have industrial policy. All Central Banks are moving towards lower rates and i dont think china can escape that. Warhe headlines, the trade has put america on their heel as far as investing in china. Facedancial leaders have in the economic future. Medium term policy continues to be positive. It is straight ahead on this special edition of bloomberg best. Hello and welcome. On this special edition of bloomberg best, we will look back at 2019 in asia by revisiting some of the years most interesting interviews with newsmakers, policymakers and leading figures in business and finance will stop lets begin with the conversation with a powerful than figure at the center of the chinese economy. Never conducted an interview with foreign media until he sat down with bloomberg. Began on then topic of trade negotiations between ch
A prolonged photo. Political leaders deal with challenges internal and external. Investment is being reviewed to attract investment and provide jobs. How long are you willing to wait before you take legal action . We are patient. The worlds top investors shared perspectives in a turbulent year. China iy like wish america had better industrial policy. All the Central Banks around the world are moving towards lower rates. The headlines, the trade war has put americans on their heels as far as investing in china. Juliette while hong kong has suffered political unrest for months financial leaders have faced the economic future. Mediumterm outlook for hong kong in the region continues to be positive. Juliette it is all straight ahead on this special edition of bloomberg best. Hello and welcome. I am juliette saly. On this special edition of bloomberg best, we will look back at 2019 in asia by revisiting some of the years most interesting interviews with newsmakers, policymakers and leading