Warrick dunn will join us to talk about his years long fight against racial inequality and how the league is addressing it now. Power lunch starts right now stocks have given up their rebound sdwrurjust turning nega from moments ago you can see were just slightly on the negative side. Essentially, the transimportapo still up thats good news banks were much stronger earlier. Flatti istish ow. Energy has gone negative big movers for the reopenings. All now on flat on the day el tell you why today is important. Were conditioned to buy the dip. Buy the dip worked very well in march. Remember, very rare to have the s p down 5 on a day it happened yesterday down 6 . Buy the dip worked well in march and april and may. The question is will it work now. Take a look at some of the stocks the airline, some of them holding up all right united been talking about all week the crazy moves thats ahead but its holding up pretty well these crazy moves here but its still up off of the lows marathon banks
South korea, president moon calling the current Economic Situation as an emergency. The rhetoric is not positive even as what we see the beginning of a stabilization for some of these virus cases coming out of china. Certainly, the attention is on what regional economies are going to be able to do to support Economic Growth. Lets take a look at what we are seeing on the markets. A milestone for Chinese Markets in recruiting some of those losses since the Lunar New Year break, but we have seen very little positive price action since then. Absolutely. A little bit of a tempering of the positive tone we had seen. After we made up the post Lunar New Year losses, it is notable that you look at stocks on the mainland and they are trading lower, but off by just 0. 1 , so trying to hold in, trying to higherd continue to move with the cautiously optimistic town. Off slightly to the downside. Where we do see losses leading the way, that is in hong kong and japan. Both the hang seng and the andei
Bowls under debartolos leadership. The president is also set to commute the sentence of wrongful cleavage, who was sent to prison for corruption. Blue boy of it, a democrat, was convicted for his alleged efforts to auction off the u. S. Senate seat left vacant when barack obama won the presidency. Is slappings sanctions on a unit of Russian Oil Giant Rosneft for helping venezuela skirt embargoes on its oil. Senior Administration Officials warned anyone in the world doing business with rosneft could also be sanctioned. It is part of the campaign to push venezuelan president Nicolas Maduro to step down the worst locust outbreak in parts of east africa in 70 years has reached south sudan. The outbreak is threatening to decimate crops and a country where about half of the population is already facing hunger. The locusts have traveled in swarms the size of major cities. Officials say the number of insects could grow up to 500 times by june when dry weather begins. Global news 24 hours a day
Fox wagon is keeping its china production facilities shot over persisting fears of the new coronavirus initially v. W. And others planned to resume production today the move comes as analysts try to gauge how hard the virus is hitting carmakers business the impact could be particularly severe for german brands which make between 30 and 40 percent of their global sales in china alone. Car sales in china are falling rapidly in the wake of the coronaVirus Outbreak the bank u. B. S. Expects february total sales to tumble by half a clear threat to popular german brands like b. M. W. And mercedes because if that werent bad enough extended factory shutdowns and supply chain disruptions the set to lead to a massive drop in production china has so far been a Success Story for german carmakers the overall market is in recession but the german brands are still growing. Folks bargain notched up sales of nearly 4200000 passenger cars in china in 2018 the biggest single country for v. W. By far dima
But january was a bad month all of the v. W. Brands combined sold 343000. 00 cars a drop of 11. 3 percent compared with last year the outbreak has come at a time when the car Industry Worldwide is already facing many challenges the diesel gate scandal and the difficult switch to electro mobility are among the biggest for german car makers if the Current Crisis in china goes on much longer it might come to rival those other problems. As it was pandey is tracking this story for us as a lot of stocks paint a different picture today theyre cheering on chinas latest stimulus efforts to curb the Economic Impact of the coronavirus is that going to save europes carmakers that. Well investors certainly believe so i mean at this point of time all the automakers are among the top performers and thats so clearly the investors have different ideas they are hoping that the cheaper money is going to drive Economic Growth in china a key market and that is going to actually boost car sales and theyre a