Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
Misses expectations. Casp casp the ceo the tariffs are entering into the game. It will be a loselose for companies and regions. Best in a decades. Zurich hales a strong first half and strikes a bull iish tone on the outlook. The ceo says cost cuts have begun to pay off the change in portfolios in Property Casualty and we continue to shape our life portfolio to be neutral to the Financial Market situation and to provide risk coverages to our customers. A warm welcome to street signs. It is thursday, it does feel like friday after some of the market gyrations weve had over the last 24 hours. Yesterday was a tumultuous day across the board, across all different asset classes. Lets talk about some of the u. S. Equities price action the biggest comeback for the year across wall street. At one point dow was about 2 weaker, almost 600 points lower on the day it spent the rest of the session clawing back up slightly ending in the red yesterday below the flat line. S p and nasdaq did manage to
Already two weeks into 2017. Greek stocks low. Touch and go whether the stoxx 600 will finish the week higher. If it does, it is the third consecutive weeks of gains. These other currencies rising against the dollar. Since 2014. Ning run technicolor, bigness the kleiner on the stoxx 600 today. Take fall for the parisbased mediatech allergy company. Its stock Market Outlook ahead of results on lost 1 523 to shares of their value. A massive decline, sending shares to the lowest level since 2014. This is a company that Offices Services like content management, animation, and game developer. And it worked on all of the films in the harry potter series. We love this chart. Foried volatility sterlingdollar, rising the highest since november 2, 2016. This is an outlook for volatility. Nowhere near the levels after brexit. What investors are worried about big speech,ays laying out her vision for brexit, a vision for creating a Global Britain on tuesday. When she had her big policy speeches in
Well xblor. A weaker than expected report on manufacturing out this morning. Will this change the feds mind about the strength of the economy . Steve liesman joins us now. Were looking at a contraction here. In the Manufacturing Sector. The belief is that fed will look through this week, at least for a while in manufacturing. The reason is because it seems the result of a crash in the oil and gas industry, a strong dollar and weak overseas growth all risks the fed knew before the report. The numbers were coming in at 48. 6, a level that is contraction in manufacturing. You need 43 for it to be a contraction in the economy. It is the lowest level since 09. New orders, production is declining. Back logs in exports remain at low levels. Heres some comments from respondents that they made public. One says the down turn in china and european markets are negatively effecting our business. Another says the strong dollar is slowing our sales to china as they can buy in europe. That gentleman i
And stuff. I think the first one they have is a screen one. I think eventually theyll bring out one that has a qwerty keyboard, as well. Netflix, we use this. You can get old episodes of law through your playstation. You can have it put right into your television. See, Video Streaming Service posting a profit of 15 krevents a share. My blackberry makes a sound every time i get a message. Are you kidding . Every time it buzzes, its either itunes or netflix ive bought something. Now, who is doing that . I would assume the kids are doing that. Like every minute. Its like, oh. You know that sounds will annoy you. Thats okay. Can you does it bother you . No. I feel good. I feel like im im going to send you emails. I feel like im involved. Did you see what facebook causes in people . What . Loneliness, envy, jealousy, depression. Here they are sitting in their dpred depressing basement and theyre seeing these people doing these the lives theyre lead sg like, my life is horrible. Did you see