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In singapore those numbers dropped 6 to said to further down in more ways than one australia lost a whopping 7 percent now that this goes on and it only continues downhill why are asian exchanges down so far when when were hearing that the chinese are returning to work and the new cases of infection are subsiding. Thats an excellent question ben but it really still is very much attached or linked to the coronavirus and theres even talk that it needs a recession globally now we can cheer about the positive numbers that are coming out of china and you know that the fact is they still have some 80000 people still inspected to give the all clear whats even more worrying now more than whats happening in china are the numbers that are steady and fast rising spreading rapidly across other countries outside of china now government banks are you know clearly not very prepared even with the stimulus measures that are being rolled out its the 1st time nobody expects a virus to hit the markets and ....
In singapore those numbers dropped 6 to said to further down in more ways than one australia lost a whopping 7 percent now that this goes on and it only continues downhill while asian exchanges down so far when when were hearing that the chinese are returning to work and the new cases of infection are subsiding. Thats an excellent question ben but it really still is very much attached or linked to the corona virus and theres even talk that it needs a recession globally that we can cheer about the positive numbers that are coming out of china and you know that the fact is they still have some 80000 people still inspected to give the all clear whats even more worrying now more than whats happening in china are the numbers that are steadily and fast rising spreading rapidly across other countries outside of china now government banks you know clearly not very prepared even with the stimulus measures that are being rolled out its the 1st time nobody expects a virus to hit the markets and s ....
Ricardo rakes it in. Helping the luxury group burbery grow and missing estimates in october as cnbc learns trade talks with the u. S. Has hit a snag and learning that canceling tariffs is an important preseason. Good morning and welcome to the show daimler has warned earnings in 2020 and 2021 will be negatively impacted by cost cutting plans a new strategy to stream line business and improve efficiency. It needs to, quote, significantly increase its financial strength at Mercedes Benz it plans to cut workers. Daimler is down 3. 3 volkswagen down, bmw down 0. 1 in france, renault down almost twothirds a percent and ferrari also performing negatively why do you think daimler is doing this looking around, all of the shares, they are all facing a lot of challenges. I dont think it is anything specific to daimler. I think they are all facing global trade uncertainty and steel factories where they might be underusing their capacity they ....
What else could happen in this hour. Its a lie picture of trump tower. We just saw whos coming through Silicon Valley. In turn weve artie seen already seen the brexit vote. Plus in the the freezing cold and driving snow. What looks like a legal victory for them. Why are they not taking any chances. We could see the 19th record close of the year. Lets start the countdown. Were less than an hour from what could be history. We stopped getting excited after the 14th record has been two years since we saw this many record closes over the same. Of time has pulled back as 19,191. We are above the alltime closing level. Something could happen here. They spiked 15 dozen a barrel. Something is going on here. Its a big news for oil. And how about this. All of them are ruth reed join the rally. Its really focused on natural gas. After a lackluster performance big banks staging a major comeback. All are posting pretty decent gains here. Bank o ....