cac down 0.7%. european close is next.berg. ♪ guy: 30 seconds until the end of regular trading in europe. a negative week for european equities. that is the picture. the french market down reasonably hard, as is the italian market. london as well. we are seeing some of the iberian stocks not doing quite so badly. we were in positive territory. that was a catalyst to the downside. -- the pmi data was a catalyst to the downside. down .6%. not at session lows but close to session lows. individual markets breakdown like this. it is pretty consistent. you are not seeing a great deal of divergence in europe. the ftse, dax, and cac 40. number oft with a warnings. we will talk about those in a moment. the cac 40 down .6%. let's turn our attention to what is happening with the grr, the sector story. you're getting rotation into those superexpensive defensive names. utilities are up .5%. real estate trading pretty well. health care down 2%. money rotating towards that. money rotating out of the equity markets. that is the broadbrush

the dax is flat, the cac 40 down .3%. real laggard has been the ftse 100.hsbc and at row seneca -- and astrazeneca are knocking the market. we faded midafternoon. we tried to climb off of the earlier low. we have not done it that successfully. volume is low but it is a long weekend. , monday, youle want to hold the risk with the coronavirus? -- i was fascinated by the travel and leisure. the airline sector, even the crew sector has done reasonably well. look at what is happening with this statement, particularly the airlines. technology has done ok. only one sector over last five days. that is oil and gas. today a little bit more rosy. defensive's are not doing well. these are names like nestle. the utility sector continues to be a standout performer. the bond like proxy story, rollbacks rbs -- the royal bank of scotland, changing its name. is it a game change? a lot of us are jolted by the association of rbs with the financial crisis. does changing it in that way change things? the new boss will slim the business down and she will refocus it and turned it

the cac 40 up .9%. on the market coverage and talk about what is happening in these markets as we try to analyze the impact of the coronavirus. we'll be doing that at the top of the hour on dab digital radio on the table show. jonathan ferro is in new york. i will be joining him in london. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. ons is "the european close" bloomberg markets. vonnie: time for our stock of the hour. here is viviana hurtado. topping --ares are quarterly revenue topped $1 billion. audience jumping by more than 1/5. let's take a closer look at the quarter. if we were to pull out a couple years, the first revenue growth quarter in a row in 18 months. the chart you are looking at, let's talk about that. -- we are on the chart that growth,arterly especially what you want to see is those last bars. that shows that consecutive growth. jack dorsey is having a good start to 2020. he is also having a good year with square, that is the fin

the cac 40 down .5%.he stocks that are dragging, we are looking at what is happening with the insurance sector. beingwe are seeing stocks dragged lower. i mentioned what is happening with unicredit. that move happening within the last few minutes. coming out and saying jp moves yet is a candidate, one of the leading candidates to become the ceo of hsbc. that coming as a surprise to unicredit shareholders. that stock lower. look at ubs. it has tracked higher today. a big surprise in terms of that story. nobody expected that news from ubs to come this quickly. we knew sergio monte was on his way out, that was expected. we did not expect the news to come quite so quickly. ubs tracking up by .9%. what a fascinating day. that is european close. vonnie: we are getting a little bit of a selloff. otherwise, it is a factor of these deals and also poor earnings today, including with viacom. .9%,ve the s&p 500 down that is not even the worst performer of the three major indices. the 10 year yield .51. clearly treasu

cac is up half a percentage point. renault got downgraded to junk that is lagging on the cac as a whole. dax up about 0.4%. we did have a weak economic sentiment data out of the zew. you can see other positive moves. we are seeing a positive reaction ftse mib continues to do well on the back of the italian banking sector we have autos down 0.1%. insurance trading on the back. right at the top, we have the sectors th sectors that have exposure to china. health care performing well today. up 1%. turning quickly to technology stocks too yesterday, tech got hit on back of the apple slashing. we are seeing a rebound. particularly in chip maker names based in the german indices. not fully recuperating the losses but on the right trajectory again >> more detail on the coronavirus numbers. china is reporting few infections from the coronavirus outbreak the number now stands at over 75,000 globally. hong kong has reported the second fatality related to the virus. it has now claimed over 2,000 lives. meanwhile, some passengers h

cac is down as well. we are seeing weakness in auto as well. dragging on some of the major european automakers. a weakness in industrial names as well. you might notice there is one spot in green. we are seeing a big performance of italian banking stocks. the larger bank, sanpaolo made a bid for the larger banks the major bid is that of the tech sector as a whole switching to the basic resources and mining space, i want to take you to the results of glencore they are posted a net full-year loss of $404 million marking the company's first annual loss in four years this loss was after posting a profit of $3.4 million a year earlier and comes after impairment charges in africa and south america. trading close to the bottom of the ftse 100 >>> bhp has reported a miss on half-year profit and warned that the coronavirus will make the full-year outlook uncertain. they posted a profit for six months boosted by an uptick in chinese demand to be down 2%. the ceo said the outbreak creates a challenge that will be muted through the quarter. >> the coronavi

the week they have drifted lower on thursday and friday over coronavirus fears let's start with the cac in france which is again it's up for this week thanks in part to increases in the airline market as air bus rose 0.9 percent the playmaker announced that he has increased its stake in the 8 to 20 jetliner to 75 percent the dax in germany spent most of the day trading most of the week excuse me trading around the record high from 2018 but just like the cac the dax fell dramatically on thursday and by friday it had regained most of those losses the footsie over in the u.k. had a terrible week and this can't be blamed only on the coronavirus though there was a large drop off on thursday which continued on friday as the footsie dropped another 42 points over there in south america let's go there the is also up for the week though it pete don't wince day it has been dropping ever since sliding up to north america now the b.m.v. is up for this week and here in the u.s. all 3 major indices are up as well again despite the drop on thursday over concerns that the coronavirus is not actually co

we have the cac down about 0.4 can you see the picture is slightly more mixed.efenses outperforming defense utilities right at the bottom any sector that has expose your is down. oil and gas struggling with the oil complex in spot terms trading down 1%. mostly led by weakness in credit suisse and barclays this morning. credit suisse is up north of 4.5% points. more earnings. zurich insurance posted a 16% rise in 2019 operating profits, which came in above $5 billion net profits were the highest in a decade the swiss insurer has plans to beat all of its target thanks to bigger business, lower v volatility >> it is difficult to read today what the coronavirus will bring to us over the year. so far, the impact is minimal. we don't see the impact through the year yes, the travel will be canceled but that will not impact our accounts in 2020 in significant way. most impact will be on the gdp and what will happen on the western economies as a china result of the coronavirus. >>> shares of nestle are lower the maker of kitkat and nescafe said it is too early to know th

the dax declining as we have come through the close, as has the cac 40. dax over 4% to the downside, the cac 40 over 4% of the downside, the ftse 100 3.5%. the cable show taking the air on dab digital radio. we will give you a look at what you should be focusing on today. we will carry on the coverage. this is bloomberg. ♪ vonnie: breaking news. harvey weinstein convicted of rape in that new york trial that has been ongoing for about two years. the jury back with a verdict. harvey weinstein guilty of rape in a criminal sexual act. this is more than two years after the allegations against harvey weinstein, the hollywood powerbroker came to light and sparked the me too movement. this is a huge day for the nation, given that harvey weinstein was such a seminal figure in the u.s. convicted of rape in a new york trial, rape and criminal sexual assault. more details as we get them. this verdict just out in new york. viewlet's get another ceo on how the coronavirus is affecting business. isombergs sonali basak standing by with the ceo of philip morris internatio

the dax is up, the cac is up uk stocks, we are looking at green across the board here. this is from a rebound in china. difficult for mainland chinese stocks as investors woke up in terms of trading today, it is a very, very different picture as investors pause for breath in europe, adding for modest gains. let's take a look at 4 x markets. the pound stabilizing. take a look at the euro. a slight bit of weakness but no change we are noting the dollar index advancing. nearly two hours into the session this morning >>> also coming up on "street signs," disney is set to release the first earnings report since the launch of the streaming service. we'll preview the results in a few moments. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >>> alphabet shares dipped after the tech giant posted slower than reported growth but beat on the bottom line. josh lipton has more >> delivering a mixed report eps of $15.35 versus expectations of $12.53 the top line came in light $46.08 billion versus forecast of $46.94 billion. a quick call with reporters was asked about that top line risk and reasons for that challeng

a lot of exposure to the asia pacific region cac is down.ome weakness in the manufacturing pmi numbers this morning. and dax in germany just below the flat line. spain is the only index inching back to the green. putting it all into perspective, worth mentioning that eurozone stoxx 600 is still coming off record levels. it has been negative today, was negative yesterday we are still coming off record high levels. perhaps investors are taking a bit of a breather. >> here in the u.s. as well, that little risk off feel all around the globe today thank you for the jupdate have a nice weekend. we'll look at more information with rahel solomon >> global air travel set to decline for the first time since 2009 the virus's impact will cost airlines globally more than $29 billion. mostly in the asia pacific region estimating the airlines will lose $12.8 billion the trade group that represents most of the airlines had forecast growth in 2020. now revised to a contraction close to 6%. people tell bloomberg that back in november, it was suggested that hp

the ftse 100 up about half a percentage point cac up, germany leading up about 0.7 as well. we've seen good reaction particularly in the tech sector. the semiconductor company in germany up about 4%. strong hand joeover from the u.. there is green on the board too. i want to bring in the director and cio of direct investment from our conversation, i get the sense that the community is split on the economic impact of the coronavirus. half of the people we talk to think this is a temporarily set back others think we'll see a more chronic, lasting impact not just on the chinese economy but the global economy because this time around, china really doesn't have the stimulus for their economy. >> i think the former of those i think that is the mainstream view is the one that makes the most sense very few of us are experts in epidemics or viruss. we have to look at numbers in the fact that there is a slow down in the number of cases and is encouraging the market today. in terms of the stimulus, they have thrown a lot of money into the system this week we shouldn't underestimate the

dax up0 up by 0.4%, the 0.3%, the cac 40 up 0.3% as well. thethe bloomberg will show you the ftse -20%, -46%, the cac 40 the dax -18%. very, very like volumes over here in europe as a result of president's day in the united states, which has close to be market -- has closed the market. people are beginning to debate whether the weaker single currency will provide a boon to european companies that export. european close is coming up next. we are three minutes away from the end of regular trading. this is bloomberg. ♪ guy: 30 seconds until the end of regular trading in europe. a bit of green for italy. nevertheless, i need to pour cold water on that. we are seeing light volume. it is presidents' day in the united states. you cannot see that bid confirmed by the volume. the asian session was positive. in terms of how the session has developed, let me show you what is going on with the session chart. we are fairly near our highs for the stoxx 600. better price action to the upside. in terms of one of the factors we are watching carefully, that i

and the work of did abuse investigative team and by heading to w dot com or follow the hash tag kara cacs list and stay with the china because beijing is reporting an increase in the number of new cases of the coronavirus reversing the trend of the past 2 days while the government also says the death toll now stands at 1800 and that more than 70000 people are infected with the virus across the country. in china's hoop a province the epicenter of the outbreak new reported cases are again on the rise after 2 days of declining figures in mainland china alone officials say the total number of confirmed cases is over 70000 with nearly 1800 deaths. chinese president xi jinping is now facing criticism over why the public was not alerted sooner to the outbreaks potential severity official media recently released an internal speech he gave an apparent attempt to show the communist party leadership acted decisively from the start but instead it revealed china's top leaders knew about the outbreaks dangers weeks before the president publicly addressed the problem. and euro china's military has now d

the cac 40 outperforming some of the french banks.he oil stocks and some of the luxury stops not performing well. the cac 40 only down .1%. half a percent through the ftse 100, half a percent through the dax. this is what the session look like. these are some of the individual names that were in focus today. credit suisse finish the day higher. -- is amazing, talking about taking stakes in nokia in the united states. interesting to see how nokia and ericsson traded on the back of that. a down day for norsk hydro. we are watching closely what is happening with the global economy. norsk hydro trading down 12% in the middle space. we'll carry on the coverage in the top of the hour on bloomberg radio on dab digital radio. you can find the cable show in the london area. jonathan ferro is in new york. i will be joining him in london. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. guy: from london, i'm guy johnson. this is european close on bloomberg markets. time for our stock of the hour. for a yacht hurtado is here wi

cac 40e index and the trading higher. good signs out of china because of responsive pboc overnight. we continue to watch as he was happening with tesla. european cars, what do they do about this? this is bloomberg. ♪ guy: bright green on the screen. 30 seconds away from regular trading end in europe. the brighter the brain, the better the performance on the upside. -- the brighter the green. we are up 1.5%. that is consistent with major markets. at session highs toward the end of the session. you can look at what happened in asia and extrapolate into europe. the fact that we are rallying hard toward the end of the day suggests maybe the market seeing signs of stabilization with the coronavirus story. ftse up 1.5%. mining stops doing well. the dax up 1.76. the cac 40, a luxury stops bouncing back despite what is happening in asia. in terms of what we are looking yet when it comes to the sector story, this tells the story of a bounce back related to what was happening with the china coronavirus story. miners and oil and gas

ftse, cac 40, dax good the cac of these markets up .8%.00 is being the fact that hsbc is bouncing back today. as we saw yesterday, is a huge waiting on the ftse 100. let's look at the sector stories. every single sector is in positive territory. tech leading. then the minors, then the financial services. telecoms trading strongly. utilities are up, oil and gas is up. it is a reasonably eclectic mix. there is no clear rotation happening, which is worth paying attention to. the bond proxies are middle of the pack today. the bottom end of the market, the chemical sectors underperforming. banks underperforming despite what we are seeing with hsbc coming back a low bid. a big drop yesterday. in terms of the sector breakdown story, i am not sure there's a clear message you can take away. let's look at some of the individual names. this is where the story is most interesting in europe. 12%.up this is a company that came out and said we are being pummeled in china. the footfall through our stores has cratered. we are suffering. lookedket has basic

the cac 40 only down .5%. let's show you the grr. this tells you the risk off story.y risk off today in terms of sector breakdown. at the top you have the safe havens. the bond proxy story has done well. people have been rotating back into them. rotating out of tech. not a lot of tech in europe, but tech has been hit a little bit as well. let me show you the bottom end of the market. basic resources, glencore, we will talk about those stocks in a minute. well.r's vector trading -- the car sector trading well. we have a story out of hsbc. banks down 1.8%. oil and gas down, industrials down, chemicals down. technology, you would've thought you would see a big ripple effect in technology. semiconductor stocks are under pressure. let's show you some of the individual names and talk about what is happening with hsbc. a huge number of points. this is such a heavyweight. this is europe's biggest bank. it goes down by that amount, 2017 los, you really feel it. italy, why is that bank up by so much? the question is will its bark a wave -- will it sparked a wave of mergers in t

the cac 40 up 1%. the auto sector is trading higher.ng that happens the same day tesla is down. story,s of the sector one sector in negative territory , everything else in positive territory. we are seeing a bounce back in the oil price, the oil and gas sector up to .2%. the mining sector is going back. you see numbers quite good. banks are trading higher. the bottom of the market, one sector in negative territory. the telecom sector is where the drag is coming through from the london perspective. let's show you individual stock stories. tech coming out of germany trading up 10% today, over 10%. coming out with a decent set of numbers but also downplaying the coronavirus risk, which some people had concerns about surrounding some of the tech stocks. imperial brands in the london market trading down 6.64%. issuing a warning that because of unsolved vaping products they had on its books, imperial brand suffering from that. vesta's coming out with a good set of numbers. as we continue to see the push toward more terabytes being produced an

the cac 40 up around .5%. where does the sector story breakdown?s through to the technology sector. not bacon europe but we do have little bit of m&a. let's show you what is happening with the stop story. -- with the stock story. one clearly stands out. i will give up on that. let's talk about the individual names. let's talk about what is happening there. we will go back and talk about the sectors. technology, financial services, food and beverage reasonably a defensive bias, but tech is an m&a story. end of the market looks like this. this is where we are. seeing some weakness. we are only getting weakness in oil and gas. at 2% move on brent. thea continuing the fear, impact it will have on the chinese economy, not a vote of confidence in the pboc reaction. good numbers out friday. could be a benefit what is happening with the coronavirus. the numbers out of ryanair were good. ingenico, an m&a story. julia's bar numbers not presume baerarket -- julius numbers not pleasing the market. numbersbetter ism helping the market stay with the gains but th

same for the cac the ftse 100 is the pacer on the upside for the european markets. real action overnight is in asia let's take a look there. that massive part of the map, in the middle there, is china this is the first time chinese stocks, back open for the first time after their extended holiday break, playing a game of catch-up and seeing their worst open in nearly 13 years as investors erase some $420 billion from that country's benchmark index. more than 2,500 stocks traded limit down in china overnight. we've got now team coverage this morning with matt taylor in singapore and eunice in beijing. matt, we're going to you first because we see so much red, and shanghai shenzhen in the center of it. >> you're right. we saw red throughout the rest of asia as well as other markets fell in line with what the chinese market was doing you're right, back online since the lunar new year break, which was january 23, the last day we saw trade. it was the worst single day drop for the shanghai composite since august '13 let's run you through some numbers. it's this patch of

viajar, marÍa paula ochoa buenas tardes >>> paulina el coronavirus, 14 pasajeros estadounidenses en cacs hasta este momento. hace un mes abordaron el crucero diamond princess fueron evacuados y desplazando desde yokohama japÓn en de california. los pasajeros no viajarÍa nadie con el kocoronavirus y los demÁ con mÁscaras la tripulaciÓn vestÍa traje de protecciÓn contra sustancias peligrosas pero no todos quisieron subir en los aviones algunos prio prefir quedarse en cuarentena. (informaciÓn en pantalla). >>> en el crucero aÚn permanecen unas 3000 personas hasta el prÓximo miÉrcoles y podrÍan irse solo si resultan negativos en las ros estadounidenses que llegaron a estados unidos quienes fueron encontrados negativos en las pruebas pues permanecerÁn en cuarentena por 14 dÍas mÁs y sean dados de alta. mientras que los que estÁn contagiados con el virus serÁn trasladados a diferentes hospitales para ser tratados por la enfermedad. >>> gracias marÍa paula. vamos a cambiar de tema y hablamos de otra evacuaciÓn de varios habitantes de jackson en mississippi por la crecida del rÍo (nombre en ing

cac futures, which were unchanged a half hour ago, now down 0.3%.n twoes down more thirds of 1%. concerns are growing over the pace of coronavirus infections outside of china. south korea reported 52 more cases. evacuees tested positive in australia, as well. anxiety creeping back into financial markets and the biggest economies in asia are feeling the brunt, forcing governments to boost fiscal spending to counter the economic effects of the virus. joining us now is an economist at hsbc. what kind of visibility do we have now for the economic impact of this virus? >> one thing we try to do, for example when we are looking at the impact on china, is we try to corral all the different high-frequency real-time indicators we can possibly get a hold of. these are things like daily coal consumption, internet data, to try to get a feel for internet migration controls. those are generally showing us that there has been a little bit of uptick in activity, but at levels well below what we would otherwise expect. that is not too surprising. today is a really k

cac up 75, dax index higher by 158.ns across the board following the rally in the united states. the best performer was korea, kospi up almost 2%. tesla is charging ahead, the stock driving to record highs, nearly doubling since the start of the year. a month. it is headed higher this morning again, 7.5%. inside the weinstein trial, a witness is driven to tears on the stand. we'll talk to somebody that's been inside the courtroom to tell you what's going on. packages from the sky, drone deliverieses could become a reality at real soon. "mornings with maria" is live right now. some of the stories we're following this morning, the death toll from the coronavirus is climbing. it is now at 427 deaths with at least 20,600 cases confirmed across the world. 25 countries have reported cases with belgium being the latest. hong kong becoming the second location outside the mainland china to report a death from this outbreak. the u.s. has 11 confirmed cases. walgreens paying to settle a lawsuit with the sit of california over a bo

reporter: if she fails to be reappointed, it would leave ofnce's cac 40 index blue-chip companieies without a sisingleemalale chief f executi. genie: that wraps it up foror a business update. stay with us. we are going to take a diep tran: i think people are aware of vietnamese cuisine, and most people don't want that cuisine to change or don't want to have their understandnding of the cuisisine to change. because e the cuisine is changng alal the time.e. the idea of a, like, this unifying national cuisine, vietnamese cuisine, it doesn't exist. really, it truly doesn't exist. even a unified vietnamese identity doesn't exist. [dings] like, it's kindnd of like sayayg italians--defined by tomatoes and olive oil. whahat people see as essential, it's because they're looking rom like an ououtsider's point of f view, and it's not granular.

this is why we have the cac. the purpose of the cac is to provide policy advice to the planning department and planning commission on planning and land-use matters of bayview hunter's point. it's very rare from the cac to not endorse a project in planning and i don't believe that happened, at least not in a public meeting. i think that it behooves this commission to ask why they never endorsed this zoning. >> i'm theo gordon and i'm a renter in the city. i come here every now and then to speak on housing. i was here in december to talk about a small five-unit project not related to this. but i ask you to consider in addition to the current respects to consider the people who could live in that housing. similarly tonight, i ask you to think about the hundreds of people in this triangle. but when i asked you that last time, you said you were more concerned with current residents than future residents. we have current residents who want this housing. they want a vibrant community and want to see families move in and

the fq100 is down 240, three and a quarter percent, the cac in paris down 206 and dax in germany lowerhat's 3.5%. in asia overnight, red across the board, south korea seeing the largest declines because the confirmed cases in sout south ka have jumped to 763. 763 cases in south korea. japan was closed overnight for a holiday, it's the e em pourer's birthday in japan. the crisis spreading, raising fears of a global pandemic. a surge of cases in italy, closing schools, canceling the celebrations in venice. the death toll has ris risen inh korea and iran. china is now postponing the annual meeting of parliament. we have the latest on what's happening at home as well. president trump is in india this morning, touring the taj mahal with first lady melania trump right now. this comes after he spoke before 100,000 people with india's prime minister overnight. bernie sanders becoming the clear frontrunner for 2020 after another victory in nevada. he's having trouble explaining how to pay for his big plans. the battle for the white house moving to south carolina, coming up. we're on a verdict w

ftse, and capx, futures down -- cac futures down. you can see u.s.utures also showing some losses. .2%, asfutures are down are nasdaq and dow futures. anna: let's have a look at breaking news at the top of the hour. we have got numbers from vodafone. q3 organic sales revenue has beaten estimates. .07%, so it iss towards the range of estimates -- upper end of the range of estimates. huawei's position will be interesting. they are reiterating previous guidance. the focus on these numbers is on italy about turkey, africa, and huawei. , interesting to see what they are saying about their profitability. they are delivering a net profit of 15.1 danish krone. net income is at 8 billion compared to an estimate of 10 billion previously. so will that be seen as a bit of a pull downwards? we will see how the market chooses to focus on the data and guidance. let's turn to the gmm. it will give us a good, global picture. the singapore market is moving higher. the asian equity session is looking positive. two days in a row, we have seen gains as investors try to w

the cac in paris down 151. the dax index in germany lower by 318 points.t emmanuel macron warning a coronavirus epidemic is, quote, on the way. in asia overnight, markets were mixed in japan prime minister shinzo abe requested that all schools temporarily close beginning next week. that of course to stem the spread of coronavirus. in china, the central bank is cutting interest rates providing special money funds for banks to lend to businesses to try to spike the economy there because there too you're seeing a serious impact as you can see, mixed story overnight with asian markets. the cdc is warning men about facial hair as health officials deal with the possible spread of coronavirus. cheryl casone with those deshales. cheryl: the cdc is releasing a group of pictures of facial hair styles for men, they say this could get in the way of potentially life-saving respirators if the virus spreads into the u.s. there are all the facial pictures right there. the handle bar, the walrus and zoro mustaches are said to be fine. muton chops, chin hair and a lot of th

european markets look like this, fq100 down 49, cac in paris down 46, dax in germany lower by 133.ard there as well, certainly korea was hardest hit. the coronavirus cases have soared in south korea, now 115 new cases reported today alone. the total number now over 1200 in south korea. the kospi index down 1 and a quarter percent. tesla is facing criticism from u.s. regulators. cheryl casone with that story. cheryl: the ntsb is criticizing the lack of system safeguard after a fatal auto pilot crash in california that happened two years ago. officials are questioning the design of the semiautomatic system and condemning for the hands-off approach to regulating the technology. tesla's auto pilot tied to at least three deadly crashes since 2016 and it's suspected in some others. there is the stock in the premarket, as you can see, down more than 3%. jim any johns is remove -- jimmy johns is removing sprouts from the restaurants after they link several e. coli outbreaks to the chain. they have happened over the last seven years, impacted up to 17 states. vacations are supposed to help

take a look at european indices, the fq100 is up 72, cac is up 39 and dax index in germany up 92. dax is higher despite german manufacturing orders unexpectedly declining in december, contracting 2.1% month over month. in asiaover night, gains across the board, hong kong and korea up 2 and-a-half percent. other headlines we're watching this morning, winter weather making a mess across the country. dumping rain, wind and ice on several states. the system expected to move up the east coa coast today. high winds sending people runing in new orleans yesterday, this video capturing a moment a gust shattered the door of an office building. one person was injured when scaffolding was blown over. a tornado touching down in mississippi, damaging buildings and knocking out you power, all that coming up this morning. the coronavirus death toll climbing to more than 560 with more than 28,000 confirmed cases worldwide. the bill and melinda gates foundation announced they are pledging up to $100 million to combat the outbreak. the money will go towards strengthening detection, protecting at ris

this is why we have the cac. the purpose of the cac is to provide policy advice to the planning department and planning commission on planning and land-use matters of bayview hunter's point. it's very rare from the cac to not endorse a project in planning and i don't believe that happened, at least not in a public meeting. i think that it behooves this commission to ask why they never endorsed this zoning. >> i'm theo gordon and i'm a renter in the city. i come here every now and then to speak on housing. i was here in december to talk about a small five-unit project not related to this. but i ask you to consider in addition to the current respects to consider the people who could live in that housing. similarly tonight, i ask you to think about the hundreds of people in this triangle. but when i asked you that last time, you said you were more concerned with current residents than future residents. we have current residents who want this housing. they want a vibrant community and want to see families move in and

for the one hundred dax and cac gala each losing nearly two percentage points- and let saying the- please enter. beginning to stock of the media to long term. of the. stirs are reacting to the likelihood that economic activity around the world is going to be dampened by the corona virus outbreak so- it is true that markets are typically guided by greed and fear i think that there is some fear creeping into the markets now but i don't know that that's necessarily irrational. governments are facing calls to protect their public and their economies. already china's government and central bank been taking steps to try to limit the impact on the economy there of the picy makers arou the world are considering their options as well- the traditional tools of interest rate cuts of bond buying may not help. because they actually stimulate demand did not supply which is where the big problem is for countries outside of china at the moment. governments may have to step in to help businesses avoid bankruptcy during these difficult periods. it measures like tax breaks it could help those who can't get

growth european equities to 3.6 percent lower and officially entered correction territory with the cac the dax and the flat the all down but let's take a quick look at asia while the west is swimming in a sea of red the shanghai composite the hang thing and the cent and index are all positive china sports have reached a turning point as crane operators customer operators and other key logistic links begin to slot back into place turnaround times are starting to improve as the ports work to clear up the backlog official numbers continue to show a drop in new cases and deaths in the country despite. the worsening situation and other parts of the world so again as as the u.s. markets are in this terrible territory again now really 4 consecutive days but as you said about 3000 points for the week so far asia is doing well which almost seems like a misnomer here is it just because the effects that they're feeling getting things back online is positive which means we should follow that shortly i think it is as long as japan and south korea doesn't worsen because the big fear is that china is

closed at the day deeply in the red paris cac construct as as much as 4% at one point at this thursday before recovering slightly err lines are among the hardest hit by the corona virus outbreak. shares of afrin's kay and then fell 7% this thursday that's down almostt 20% f from last friday's body. efron's is the f. ross is reportedly planning to cut fifteen hundred jobs by twenty twenty two according to the union the carrier will avoid forced layoffs and a reduction of post mostly among ground stuff will come from a non replacements. the company said it has a twenty nine thousand ground stop among his needy forty five thousand but in twenty eighteen on thursday the airline said it was taking cost cutting measures to offset the impact of the case with nineteen outbreak. at france and canada have already suspended flights to china. the nunumber of coronavirus cases here in france has doubled to thirty eight as the virus spreads in europe. french businesses are having to at that's that practices around has extended six paiaid provided provisions to help limit the spread of contagion ever

[applause] i amoco secretary of the cac. >> i'm danielle and i am the second chair. >> john, and i'm parliamentary. >> past chair. >> i'm the vice-chair and parent of two sfusd students. >> i'm the co-secretary of the cac and parent of a child with i.e.p. >> thank you. the c.a.c. is an advisory group mandated by california state educational code which defines our role. while you may be familiar with our efforts in educating the community, we also play an integral role in the development of our district's special education local plan. the local plan is updated every five years and the new sfusd local plan is currently in development and required by the california department of education to be completed by june, 2020. we have a copy of the old plan here for your reference. >> c.a.c. general meeting played a crucial role in our mandate to educate family and foster community involvement. c.a.c. meetings attendance has been increasing. in 23015 and '16 our average meeting attendance was 35 to 40 people. and this year, we have an average of 60 or more attending every meeting. meetings are

equity markets who grew increasingly optimistic about china's chances of staging a fast recovery the cac and the dax come 1.3 and 1.2 percent respectively and now this brings us back over to north america where the markets continues rally recovering from the steep sell off last week as it took cues from china and are more hopeful in the strength of the seas to stage a nationwide recovery the danger of that of course being if this outbreak lasts longer than one quarter or if the recovery is not as strong as anticipated. and to give us a macro view on the effects of the coronavirus we welcome marshall our back market analyst at levi research institute so 1st of all as equities worldwide are bouncing the oil markets are struggling to find some sort of equilibrium here crude oil prices fell to their lowest in more than a year and analysts are now expecting a response from opec and shell producers to cut supply prices have officially slid into. air market territory now so what does the global outlook look like now. well. 2 look looking a little bit dodgy beforehand in the sense that you know

thank you so much sara now starting in europe the markets are down across the board starting with the cac in france it is down for the week taking a big hit on friday down more than one percent 30 day lows now again much of this reacting to the coronavirus with retail tech and manufacturing stocks taking the hit due to concerns over chinese manufacturing due to that virus now in germany the dax is facing a similar result falling more than one percent on friday alone the losses were headlined by volkswagen which fell more than 3 percent on the week transportation pharmaceuticals fell heavily for the week in germany but on the bright side i saw some gains in the banking sector and in london the footsie following the trend closely down more than one percent on friday alone travel took a big toll on the footsie with british airways easyjet and carnival all posting substantial losses for the week now moving to south america in brazil but also down for the week after hitting record highs recently in fact this is the big. weekly to count klein in more than 5 months beyond the obvious concerns ov

mentioned just a minute ago just about everybody was up this week and as we start over in europe the cac is way up thinks the news that china would have tariffs on some u.s. imports as part of that phase one u.s. china trade deal the dax over in germany also in very good territory it had a very strong week as did the footsie over in the u.k. and for european markets it's been pretty much the same thing markets pushing back on fears of the corona virus continuing to spread plus there are hopes that the chinese will infuse even more stimulus to help boost up markets over in south america is also up for the week even though it peaked on wednesday it has been dropping ever since sliding into north america now the b.m.v. in mexico the only place we were actually down this week but here in the u.s. all 3 major indices are up as. well and as i said up isn't even the right word we are in record breaking territory all throughout the week let's be honest because all of this is not about less fear of the coronavirus that doesn't even really make sense right it is about the federal reserve pumping m

difficult to estimate what that impact will be they are taking action to try to mitigate that risk the cac 40 down, ftse mib down italy remains the epicenter of the outbreak in europe getting to our colleague matt taylor in singapore. walk us through what the asians saw overnight. >> things were a little more contained. we did see declines on the back. the australian market was the ledger down by 2.3%. take a look at some of the north asian markets. down by about 1% we continue to see a strengthening of the japanese yen around the 1.10 level. we are waiting on a possible rate cut out of the bank of korea. 25 basis cut that will happen tomorrow we'll be watching that in the thursday session china markets. we did see that down we did see the shanghai composite down we were focusing on hong kong. we had the budget unveiled with about $15 billion u.s. dollars the bulk will be on cash handouts about $1,200 u.s. to help try and kick stuff out of the economy. hit by coronavirus as well the market not impressed by it down on the day. that is the picture on asia. over to you. >> the coronavirus out

ftse 100 back up above 7,500 up 20 points or 0.03% higher cac is up 0.6% renault in france up 4%. they have their earnings next week a strong performance in autos and auto parts this morning. the central dax seeing good gains. they've had very weak new orders come through dropping 2.1% month-to-month in december so it is still pointing to a heavy manufacturing back drop despite the positive sentiment we are seeing. let me take you to one sector we are focused on basic resources has been closely interlinked. the focus today in europe up about 0.3% point down a little bit. let's not forget despite the positive news on the tariff side of things, there is still a lot of question marks about demand going forward. that has hit the demand for oil, we've been watching that as well looking at luxury names in france, kering down 0.02 other names are doing better today. a mixed bag but generally the sectors that have some form of exposure are rebounding nicely overnight. >> thank you for the market update let's get out to ken wong on the phone joining us from singapore. it looks as though in

you can see the ftse 100 down. 4.25 down in germany the cac down 3.8%. italy more than 3% lower let's 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 day's 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 investors are getting concerned. saying it would be a, quote, fatal mistake for countries to assume they won't be affected. calling for action in a bid to prevent further infection. it is not a time for year. germany ga germany gau germany quarantined a town where 14 people came down with the virus. it takes the total number to 20. tot