Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec
And he will join us in the questions and answers. As power lunch begins right now. Welcome to power lunch, everybody. Im Contessa Brewer and just admit it you dont know which day it is either after the markets were closed yesterday, it feels like a monday weve got stocks falls from record highs today the dow down triple digits well, were off the lows of the day. Were at lows of the day right now. Breaking that fiveday winning streak take a look at boeing. That stock is moving lower as sources tell us the Aerospace Company does not expect regulators to sign off on the 737 max until june or july thats thats months later than anticipateded and with the markets at or near record highs seemingly every day, does it make stocks vulnerable to a pullback on any negative news . Bob b pisani at the New York Stock Exchange with more we have got a one two punch here today first late in the day, we have the nuews about boeings planes, the 737 max maybe not available until the summer that hit us then
President trump is in the uk meeting allies at a nato summit in london this week. The labour leader, jeremy corbyn, has welcomed the us president with a letter, demanding that he will not push medicine prices up through a post brexit trade deal. Dominating trumps agenda, though, are threats posed by china, including its dominance of 56 telecoms networks. America has warned its allies against using equipment made by chinas huawei, saying the kit could be used by beijing for spying. These concerns stem from a chinese law that requires Domestic Companies to co operate with the government on security matters. Critics saying that this law could compel huawei to be a vehicle for spying. The Company Denies the allegations made by washington. Meanwhile, germanys chancellor Angela Merkel has also sounded a warning, saying europe a key part of nato needs to have a unified policy on the rollout of the next generation sg networks to address espionage concerns. Mike weston is director at advisory s
To tax americas tech giants a us threat to target billions of dollars of fancy french goods. Plus the video sharing app tiktok has been hit with a Class Action Lawsuit in the us, after claims that it sent data to china and well be getting the inside track on crowd funding the appetite for ordinary people to invest in start ups shows no sign of letting up. Well be talking to the founder of one firm crowdcube about the appeal. Is it about backing a winner or being a part of something . Do you have a morning routine . Apparently those who don tfit in a trip to the gym and make a fresh smoothie before work are underperforming. How important is your morning routine . Get in touch just use the hashtag bbcworklife. Hello and welcome to worklife. As long as this programme is a part of your routine in the morning, forget the smoothie and the gym. Of your routine in the morning, forget the smoothie and the gymm really doesnt matter President Trump is in the uk and meeting allies at a nato 70th a
Well be live in shanghai. And its been a hard days night but sony finally seals a deal to sell beatles merchandise see you in court well talk to the man looking to revolutionise the way we access legal services. And today as a local hardware shops christmas video starring a two year old has captured peoples hearts and costjust £100 to make we want to know. Are you influenced by christmas video ads . Do they make you buy . Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. If you havent seen that video ad james mentioned, its the nicest thing, i guarantee it. We will show you it later. But starting this morning we start this morning looking at investment for small and medium sized businesses. They are arguably the backbone of any economy but new Research Suggests firms known as sme s are struggling to get investment because they are seen as a risky bet by big banks. Analysis by the experian Credit Rating agency has found there are 1. 6 million sme s in the uk