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Quickly after the crisis, as u. S. Jobless claims could hit in even bigger number than last week. And daily fatalities continue to rise in spain and the u. K. , as france proposes an economic rescue fund. Lets get the markets. Sixttle weakness in asia, a percent drop for the s p 500 over the last two days. Futures are positive, though, up over 1 , and european futures pretty much unchanged. Its difficult to look at fundamentals, for where equities go. A lot of people looking at technicals, saying there is a range we could fall into in the next few weeks. Is10 the 10year yield steady, but if we see a renewed selloff in equities could more money move into treasuries . The bloomberg dollar index is steady today with yen weakness. Have we found a floor on oil . We are bouncing back a little above 21 a barrel for wti. Now, a classified u. S. Intelligence report seen by bloomberg says china conceal the extent of the coronavirus outbreak within the country. U. S. Officials suggest beijing int ....
Concern spreads from italy to iran, but the World Health Organization says the outbreak is not yet considered a pandemic. The business case. Mastercard and United Airlines, the latest companies to issue profit warnings amid the operate. And, sticking to the script. Cleveland fed president Loretta Mester says the virus is a threat to the u. S. Economy, but does not justify a change in rates. Just under one hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures after the big drop yesterday. We saw in some cases the biggest slide in european stocks since the brexit vote. As a result, we see a bounce in futures today. Maybe investors saying it is time to buy in the dip. You can see that dax futures are up 8 10 of 1 . U. S. Futures are also showing gains today af ....
Ease concern over coronavirus. 1 10 year yield falls below for the first time in over 150 years. Uncoordinated action. Other g7 Central Banks are yet to follow suit, though expectations for the central bank of canada, japan, and korea and furtherrowing to fall. Scott meinhardt said u. S. Equities could slump another 15 but a surprise come back for joe biden on super tuesday cease turn positive. Speaking of the biden news, we are getting a breaking headline on the bloomberg terminal that joe biden has won the Texas Democratic president ial primary, state that was expected to show strong support for Bernie Sanders, has gone instead for joe biden according to the associated press. Of super tuesday for joe biden. A contender who had almost been counted out after the initial caucuses, coming back in a big way after getting e ....
End into the weekend, major curve flattening. Francine yes, major curve flattening. We will analyze that during surveillance. For first word news in new york city, here is viviana hurtado. Hi, viviana. Viviana the coronavirus epidemic has entered a new phase in cases outside of china is quickly are quickly multiplying. South korea and japan closing in on 100 cases. China, though, still the center of the crisis. Roughly 75,000 infections have been reported, but the new number of cases declining. Intelligence officials reporting the u. S. Congress russia is trump to get donald reelected. The president was angered by the disclosure, reportedly claiming the democrats will use it against him. Donald trump said he will not immediately pardon his former associate an ally, roger stone, still, if courts do not overturn his conviction, President Trump said he will intervene in the case. Mr. Stone was charged for lying to congress and witne ....
Levels on the vix, but a big movement. Markets here in the u. S. Were down as much as 3. 5 up to 4 . It is down just about 2. 7 percent, a lot of volatility today. Spiking big over here in europe. Equities near lows right now, nearly 4 for the stoxx 600 and volume is enormous today. The ftse the epicenter of action today. That is the Financial Capital of italy, grinding to a halt. Of recession rising of recession rising when it comes to the italian story. Northern italy grinding to a halt today, as the government imposed a regional lockdown to contain an outbreak of the coronavirus. The countries in jewel of has seen schools and universities all closed with many staying away from work. Italian stocks and bonds have both tumbled. Wening us now from malan have our guest. What is happening there today . Good morning. Here, it isf eerie usually a very active city, people going to bars and restaurants. None of that is happening righ ....