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To network and make deals. This is the business. Of the volatile session on the markets asian shares tumbled again on friday morning after wall street more heavy losses of nearly a 1000 points this massive swings driven by concerns about the fast spreading coronavirus markets like clarity but analysts say there is very little of that right now in asia the nikkei dropped almost 3 percent. Shared over 2 percent blue chip bags investors disruptions to Global Business intensifying soaking fears of a prolonged slowdown in the Global Economy and Indian Markets tumbled after the central bank seized control of the beleaguered yes. Lets go straight to our financial correspondent frank but only from wall street that put it into perspective for us how bad is this drop of nearly a 1000 points. A 1000 points sounds huge but of cours ....
Yes bank has a high level of bad loans and not enough capital to cover the losses putting the bank at risk of default thats why the central bank decided to place yes bank under a moratorium and is now working on a merger or takeover naturally a market based. Solution of the problem a bank. Of the problem is already a profitable we have said that in Office Statement yesterday also so naturally you have to give time to the bank to the management to you know take whatever steps. Need to take. Because of the uncertain future shares of yes bank plunged more than 70 percent during trading hours wiping out around 1000000000. 00 euros of market value in a single day its the biggest fall ever of an indian blue chip stock. Yes or no bank lets go to both kind of running krishnan who joins us from delhi for the new side scroll rolling could you tell us whether or not depositors should be panicking right now. Broadly speaking deposit of fine ....
Including a leverage site known as fang. Whether you embrace or reject etfs, they are here to stay. The flows often signal Broader Market trends. Our own etf expert Eric Balchunas is here to walk us through what he is seeing. Eric thank you, scarlet. If you saw the show last week, he would know that yours truly protected a lot of risk on in the flows and i was right. After the fed came and saved the day, people are back into equities. You see spy at the top. You see the top with a little iwm, isa, and what you do not see here is shortterm and ultra shortterm debt etfs. They ruled only two weeks ago. That is how fast things can change on a dovish fed. Lets look at the outflows to see what is coming out of etfs, and again, build shortterm treasury, there is another shortterm treasury. Efa, i think some of that went to ifa. That was a move to cheaper pastures. But ultimately, 25 ....
ale, i promise you, because i haven t felt so well today. i so it s ginger ale. delicious ginger ale. sean, listen u, i m telling you, i feel i have to tell you,el li i feel a little bit bad tonight because what is america going to do? t the most scintillating 30 seconds of tv everyg 30 nigh with you and me? i don t know how they re the argoing to.ay let me just say this. laura and i a plan we have we discusseved and you will learnt more about it in the weeks to come. this is not the we ve weeks toen each other for 30 years and this will not be ther to same the last time we rege i on the air together. i ll put it that way. you bet. i can t wait. and it s been a pleasure. i ll be here. we ll see everybody at seven. all right. thanks so much, michelle. congrats on youri can new time and i ll look forward to seeing you soon. all right, sean? take care. thank you. and i am laura ingraham. carethank lauranighham. washington tonight with some breaking news. bide pre ....