Gold moves to a shine after moving to a sevenyear high and Oil Prices Bounce back the Oil Ministers tells cnbc he is not worried about the virus im not a concerned person. I tend to think calmly everything serious requires attendance President Trump is up beat about a trade deal with indian Prime Minister in a press conference of day two of the u. S. Leaders state visit im optimistic we can reach a deal that will be of great importance to the two countries. Working together, i know we can achieve new breakthroughs and forge even brighter futures the new coronavirus drove fears it could turn into a full pandemic the stoxx 600 now above the flat line we did see the stoxx 600 pair back stronger gains early on in assessment mode trying to determine where to go from here after selling off yesterday dropping 3. 8 . In terms of the latest on the numbers around coronavirus, the number of confirmed cases now nears 80,000 globally. Over 800 people have contracted the virus in south korea while c
Craig melvin take the polar plunge, well tell you why early today starts right now good morning im phillip mena. And im frances rivera. Wee coronavirus which is having a greater impact here at home the virus has arrived in new york city. Officials say a woman in her 30s is quarantined in manhattan. She contracted the illness while traveling in iran. Governor andrew cuomo says she has been in a, quote, controlled situation since arriving in new york meanwhile there has now been a second death reported in Washington State, and the cdc is investigating a nursing home there over concerns of a possible outbreak. Were joined now by nbcs tracie potts in d. C tracie, what can you tell us about the u. S. Response to this . I can tell you the president wants to change it a bit he now wants to screen people when they enter the united states, even if theyve already been screened before they got on the plane. And then drugmakers to try to get them to fast track a vaccine Washington State announced
Quarantine as the virus continues to spread further into europ europe the biggest buyout in europe since 2007 you can see entirely red as this selloff continues from the u. S. To asia and europe this morning. Lets look at the individual markets to see the losses. You can see the ftse 100 down. 4. 25 down in germany the cac down 3. 8 . Italy more than 3 lower lets look at individual sectors to see travel and leisure down almost 5 basic resources. Places like china are selling off. Technology stocks are down more than 4. 5 . In the u. S. , we saw extraordinary circumstances. Closing 4. 4 4. 6 for the nasdaq these were extraordinary times one of the fastest in history. If we look at the volatility across the markets you are seeing the vix five points higher. Coming from wednesday, rising through that period. If we look ahead through that days trading. You can see all three of mothos major markets. The dow jones currently with an expected open down more than 600 points one of the reasons i
Hour, jp morgan private banks and Asset Management ceo and cnbc contributor we begin with breaking news. Nearly 90 of the s p 500 is in correction territory what is called a move of 10 or lower from recent 52week highs. All the major averages look to push deeper. If these futures moves hold, the dow would be down by 620 points at this stage. The massive move of volatility we are currently just off our worse levels so far. Checking treasuries. The 10year note long bond currently near the 10year note yield 1. 91 . 30year treasury long bonds, 1. 69 . Twoyear note yells below 1 as well we are seeing red across the world as they enter their correction mode. Not a spec of green to be seen global Team Coverage this morning. Matt taylor in singapore and Steve Sedgwick in london matt, well begin with you in asia the route continued there as well absolutely, dom a rough day. Many markets entering correction territory. Falls across the region in the order of 2 to 4 as those virus cases outside of
Sure i dont like the way in which it was done it feels like they were between a rock and a hard place. The fed when i say panicked the fed took a victory lap a slew of Airlines Warn of head winds with lufthansa canceling 7,000 flights. Brent trades below 50 a barr barrel russia needs to get on board as iranian minister says there is no plan b. We are trying to reach to our colleague in other countries good morning, welcome to street signs. There is a lot to talk about in markets going on first, i want to bring your attention to substantial moves 10year yield in u. S. Has broken through basis points we have rallied about 15 basis points this morning. To put it into terms, rallied 30 basis points this week that is gigantic move in fixed income let me take you back through equities you can see almost every single stock in the stoxx 600 is under water. We had another 1,000point decline in the dow small cap in bear correction territory. About 80 of s p are also technically in correction ter