On a potential drug that might help combat the virus. 59 basis points on the 10 year yield. Stimulus, moreal details, and whether congress will be around next week. Guy there seems to be some incentive for them to stick around. In europe, stocks are at session lows. The stoxx 600 down 20 , the ftse we have beener, positive and negative and now we are negative again. In terms of what we are seeing on the periphery of europe, italy coming out and offering its response to the brunt of virus. Its economy remains flat on its back with millions of people quarantine. Btp down 13 basis points. Lets start in the United Kingdom. Punch from the u. K. To counter the coronavirus. I 39 billion stimulus package, 30 billion pounds. This coming out after the bank of england announced a 50 basis point rate cut. Although the magnitude of the economic shock from coronavirus is highly uncertain, activity is likely to weaken materially in the u. K. Over the coming months. Temporary but significant disruptio
Breakingis no case of up the United Kingdom or loosening the ties that bind us together. The economics are only part of the story. The National Security of the union is a changing world. Prime minister may accused scottish minister of sacrificing. He nations Living Standards may is trying to avert another independence referendum. Chinas referendum xi jinping in the wants no drama annual conference kicking off this weekend. Communist meeting takes place twice a decade, almost half of china Senior Leaders may be replaced. Win backing for his attempt to overhaul chinas economy. Global news powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. Thanks for that. Bringing you some of the movers today. The mexican peso strengthened by 2 . We will get to that and a moment. When it comes to stocks, waiting to see what janet yellen has to say. We have the major averages this comes after wednesdays big averages. Lots of volatility. We take a look at the one week chart.
Breakingis no case of up the United Kingdom or loosening the ties that bind us together. The economics are only part of the story. The National Security of the union is a changing world. Prime minister may accused scottish minister of sacrificing. He nations Living Standards may is trying to avert another independence referendum. Chinas referendum xi jinping in the wants no drama annual conference kicking off this weekend. Communist meeting takes place twice a decade, almost half of china Senior Leaders may be replaced. Win backing for his attempt to overhaul chinas economy. Global news powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. Thanks for that. Bringing you some of the movers today. The mexican peso strengthened by 2 . We will get to that and a moment. When it comes to stocks, waiting to see what janet yellen has to say. We have the major averages this comes after wednesdays big averages. Lots of volatility. We take a look at the one week chart.
And one of valleys biggest defenders is out defending. And u. S. Special forces heading to syria. Will this add more uncertainty and volatility to the oil market . Before we tackle that one, lets go down and touch base with sarah eisen. One stock everybodys watching today. Shart of valiant pharmaceutical. Down more than 60 in the last three montes. The Company Fighting defending its Business Practices of the. And also today. One of valiants biggest investor s ackman, olding a cal to hold his stake. With the Specialty Pharmacy philidor. Activities raising questions about the companys Business Practices. This comes after pharmacy benefits manager cbs care mark, express scripts all said last night they are terminating their relationships as well. Citing non compliance with the terms of his agreement. And last week saying it acquired an option to buy the Specialty Pharmacy at the end of 2014. Valeant said 40 of flowed that the channel. And a lot of investors questions valeants decision to
Cnbc his company is open for business. President obama uses his state of the Union Address to call on the middle class. Asking them to workers a fair shot. Corporate leaders in davos taking a critical view on his policies. Russia does not want a cold war. He responds to obama saying his country will not be isolated by the west. They tell cnbc it remains part of the global community. We are bringing world investors into russia and russia needs to be connected to the world and the world will be a safer, and better place if it is. Turkish central bank boys for the first time in months but some say the move doesnt go far enough. Cnbc speaks to the turkish finance minister coming up here on Worldwide Exchange. A warm welcome to Worldwide Exchange. We are live at the World Economic forum here in davos. The theme this year the new global context. For a change its broad enough to encompass all the issues that inflate the global environment. A lack of trust. Geo politics. The relationship with