A man the system and the 19 can be contacted i used as a pundit make over the past 2 weeks the number of countries affected by the virus have tripled globally there have been more than 120000 cases with over 4300 deaths more than 67000 of those infected have fully recovered here in the United States there are now more than 1000 cases speaking in front of the u. S. House Oversight Reform Committee the director of the u. S. National institute of allergy and Infectious Diseases said things are going to get worse. So i can say we will see more cases and things will get worse than they are right now how much worse well get will depend on our ability to do 2 things to contain the influx of people who are infected coming from the outside and the ability to contain and mitigate within our own country bottom line its going to get worse. And meanwhile in europe german chancellor chancellor Angela Merkel is concerned that up to 70 percent of the countrys citizens could be in fact that. By then wa
Weeks elections. Saudi aramcos shares advance again ahead of the inclusion and Major International equity indices this week. The worlds most valuable company has gained 17 since the debut. It is 8 00 a. M. Across the emirates. I am in dubai. Im Tracy Alloway in hong kong. I mentioned the yuan strengthening on the back of the stronger ecodata and on the back of the agreement between the u. S. And china on a phase one trade deal, finally. Take a look at the offshore rate, about. 99 this morning. I should mention the fix for the onshore rate came in stronger, the strongest since august 6. The developments will give enough confidence to chinese corporates to refrain from adding to their dollar stockpiles for now, so thats when we sin reason why the Chinese Markets are strengthening. Lets talk about another key asset on the move. Rent crude is down about one third of a percent from a three month high. A little bit of caution around this trade agreement. The limited nature and the lack of de
Who else but the nba star lebron james has now come out speaking about the recent nba fall out with china, reigniting that controversy that had gone down to a simmer welcome to power lunch. Ive got quite rally reports in eu and uk may be closer to a deal on brexit that s p 500 level thats up, we are less than a percent away from all time record highs and tech nearing a record high they are their best bet into earnings lets go to bob at the new york stock exchange. Its more than just optimism on trade here. Theres several fronts going on. I think the most important is earning. Jp morgan reported strong earnings the consumer side was really good this is a real sign the consumer is holding up and even jamie dimond said that second thing help in the markets, positive comments on the prospect of a brexit deal. They did sicite hard brexit as risk finally a bit of warm and fuzzy feeling from china on the trade talk the global times editor said that fridays meeting did represent a breakthrough
If not yesterday, what takes us there . Well, you know, to put it in context, end of last year, i thought we were well oversold. Recession fears were overdone at the end of the year. Our narrative has been a tale of two halves rally first half, selloff second half. Why . China trade and optics around it were a big reason for rally in the first half alongside the fed pivot towards a more dovish stance i think the fed, short of new qe into the end of the year has limited ammunition to prevent what i think is a normal cycle slowdown and i think the optics certainly around trade with china have deteriorated frankly, the reason why the yuan above 7 is so important is it shows that trade wars become currency wars if theyre prolonged and trade wars, by the way, are neither good nor are they easy to win keith, you seem to think that the next round of tariffs actually is going to have less of an impact, if i read you correctly, than the first round did, though Small Business has been struggling
Financial and manufacturing sectors, but will it be enough to shore up the worlds second biggest economy . Markets in europe have been trading for half an hour. A very flat and lacklustre session. We will tell you why. And you are what you eat. Well be talking to one business founder who says its all about having a raw, gluten free diet. The uks biggest gambling firms have agreed to do more to help addicts. Today we want to know to what extent is the industry responsible for helping those who need it . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Just days after reaching a truce with china, washington has increased the pressure on europe as part of a long running dispute over aircraft subsidies. Its threatening tariffs on another 4 billion of eu goods including olives, Italian Cheese and scotch whisky. This news comes as eu leaders meet later today to try and break the deadlock over who should get the topjobs including the next European Commission pr