the stock market suffer their worst week since the global financial crisis of 2008 markets in new york asia and europe of reported losses of over 3 percent. or take you to libya now where our residents of the capital tripoli are reporting the shelling of the city has been intensifying in the past 24 hours the united nations has now said the attacks on tripoli by forces loyal to her after might amount to war crimes mischance traffic reports from tripoli is the civilians who are suffering some a little safer as park was peppered with shrapnel when a rocket fired by forces loyal to warlord holly for half the exploded bore his home . for shot off and i was standing on the street thank god my neighbor called me over to and i moved forward 5 steps in the rocket landed just a few meters away. some pregnant wife suffered minor injuries and has some serious in the attack. we go to his neighborhood and find evidence of what people who live his say happens day and night i was earlier another barrage of rockets that hit residents say that at least 7 rockets hit this neighborhood smalling they saying th

stock markets that suffer that wesley since the global financial crisis of 2008 markets in new york asia and europe of all reported losses of more than 3 percent and people in the libyan capital tripoli are opposing the shelling of the city has intensified in the past 24 hours the united nations says the attacks on tripoli by forces loyal to warlord who if after might amount to war crimes now decide with the program coming up next is the family the hosni mubarak story examining the life of the late gyptian leader. on the 3rd of august 28th that the trial of the former president of egypt hosni mubarak for corruption and ordering the killing of protesters began in cairo. along with mubarak in the cage where his 2 sons. face for me into their ministers and 6 expertise command. post the state. of the world. what was the 83 year old former dictator thinking all in the courtroom. was he perhaps reviewing the journey through life. into this place. you know he knew that jim t. would be present. in the bombing and didn't want to. you know that even he would be vice president. probably of all of t

business and want to johnsonville in the tabby with us global stocks tumbling from new york to asia the coronavirus continues to spread on a list already say this could be the worst week for the markets since the financial crisis a decade ago renowned economist nouriel roubini the man who predicted the financial crisis but he warns that the worst is yet to come and the federation of german industries calls it a stress test for the economy there's no longer any doubt that growth is set to take a knock the question is just how bad will it be. jim and come make a particularly dependent on china the industry association says january sales were down 20 percent from the previous month a result of the coronavirus. with the virus now spreading across europe trade slumps travel restrictions and a drop in consumption are all on the cards. the german economy minister says aid measures are in place. this is not about traditional economic stimulus programs which often only provide a temporary fix it's about bringing forward measures that were already in the pipeline. and those include tax cuts the g

average closing 1.3 percent down suffering its worst week since the crisis of 2008 also markets in new york asia and europe of reported losses of over 3 percent. now donald trump has said that he will send his secretary of state to cats are tomorrow to witness the signing of a taliban peace agreement aimed at bringing u.s. troops home from afghanistan as cross to roslyn jordan who is in washington for us roseland what could this agreement mean for afghanistan. well basically what this means is that as far as the united states and the taliban are concerned hostilities are supposedly ending between the 2 this is supposed to be that the u.s. is expected to start drawing down its forces from afghanistan after a nearly 1000 years of war it also means that there is going to be probably some sort of prisoner exchange there are an estimated $5000.00 members of the taliban being held by the afghan military but it's not clear yet if the afghan government is going to go along with that but this is an important stop this is been a long period of negotiation between the u.s. and the taliban which does not re

that's the view from new york. our asiaespondent — karishma vaswani — is in singapore. asimilar a similar anxiety across asian markets it seems. yes, but the thing to bear in mind is that this is an anxiety that asian investors had been feeling from the very start of when the virus had the outbreak in china some three weeks ago. so this is something they are very used to, but now the fear is this can no longer be contained within china's shores and is becoming a global problem. that's why you are seeing so problem. that's why you are seeing so much more problem. that's why you are seeing so much more nervousness problem. that's why you are seeing so much more nervousness in markets likejapan, so much more nervousness in markets like japan, south korea, and australia saw sharp falls today, as well as china. i think what that reflects is the concern that in the first instance this was all about chinese factories getting back to work because there was a prolonged period where they were not able to get workers, who were in quar

asia's major markets have just opened for trade. bloomberg'sing from headquarters in new york. welcome to "bloomberg markets: asia." >> our top stories this wednesday, the coronavirus death toll approaches 500. has lots down more than 50 million people. >> the game is up in macau. casinos and movie theaters shut as authorities attempts to bring the outbreak under control. >> confusion at the caucus. pete buttigieg leads in iowa. democrats say the final numbers will be accurate. japan and south korea coming online on the back of a strong u.s. session. saw in risk on tone we the u.s. trading session is feeding over now as we do see markets open throughout the asia-pacific region. the nikkei and the topix both up by more than one percentage point. look at the yen it, it is modestly higher, but this comes after two days of losses for the end. yesterday the end was the worst-performing currency in the g10, at the same time posting its worst day against the dollar since august. we were dealing with trade war. up neari rebounding, one percentage point after that 1.8% gain we saw yester

asia's major markets have opened for trade. shery: good evening from new york. kets: asia. haidi: our top story this hour, the number of new coronavirus questions over how china is tracking the outbreak. said to be nearing a takeover of the hna group. shery: we will have aussie jobs data this hour with the rising labor force participation posing a puzzle for the rba. some of asia's major markets have opened for trade including japan and south korea. here is sarah ponczek. sarah: the optimistic tone we saw in europe and the u.s. trading session is speeding over. the nikkei 225 had been stuck trading in a range between its 50 day and 100 day moving average. more than 1% at the open. the topic extending the gains we saw yesterday after seven days of losses. seeing a nice rebound in japanese equities. we see the japanese yen having a little higher versus the dollar. this comes after a brutal session on wednesday in which we had seen the yen having its worst day in three years versus the u.s. dollar trading above 111 for the first time since may nine months ago. , yie

asia. ♪ >> let's take a look at the markets this monday morning. 300 erasing the post lunar new year losses. sarah ponczek joins us from new yorkcific region, we are seeing markets trend higher. inking on further gains addition to what we had seen last week. now erasing the post lunar new year losses. the one that stands out as the nikkei 225. japanese equities taking a hit after the big mess on third-quarter gdp. that is off the lows as we saw earlier. we had seen the index fall as much as one and a half percent. i do want to look out the ms geoeye all country world index. u.s. markets will be called -- will be closed for the presidents' day holiday. a check acrossou the ms ci pacific index. we have seen the communication services index and the energy sector leading gains. these are your best emperor -- best and worst performing sectors for the year. industrials and health care both lacking within the ms ci asia-pacific index. paul: thanks very much for joining us in australia. the asx a little bit weaker. we are in the middle of earnings season. we are going to be hearing from bhp. on the, let's check in first word news. su:

let's take a look at what futures are showing us after the record high in new york rolled through asiait is not doing much for europe. ftse, and capx, futures down -- cac futures down. you can see u.s. futures 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

new york. tuesday, we will carry president trump's state of the union address followed by the democratic response. that kicks off 9:00 p.m. in new york. coming up, fresh ratings across asiaents. we will break down the numbers. what the coronavirus spreading across the world means for the economic recovery we have seen in this part of the world. little reprieve across pmi ratings. we are getting data out of china which could show the beginnings of the coronavirus and impact across manufacturing, industrial output. later, china trade numbers as well. counting down to the start of trading in asia. this is bloomberg. ♪ watchingu are bloomberg markets. we have breaking news out of various nations with pmi numbers. 49.8outh korea, contraction. this after a rebound into expansion in the previous month. january, contraction after seven months of contraction. and then we had back down. taiwan pmi manufacturing 61.8. better than the previous month of december and staying in expansionary territory. we have seen china's official pmi numbers, manufacturing and nonmanufacturing staying in the territory. we get the numbers later today. that is key because it was around the middle of th

asia's major markets have just opened for trade. bloomberg'sing from headquarters in new york. sia." >> our top stories this wednesday, the coronavirus death toll approaches 500. has lots down more than 50 million people. >> the game is up in macau.

asia." i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney.ching today yuan fx bond markets. these are where we are seeing thee the truer effect of coronavirus in equities. david: the other side of the same coin. we talked about how turnover and the equity market has gone up because people are staying at home and you can see retail investors dominate the market from home. but when you have a lot of the institutions and firms cutting down business continuity plans, working from home, or not even going to work at all, you will tend to get what we are actually seeing in the data right now, which is essentially volumes, turnover, transactions in both the fx and bond markets, going back to levels not seen in about two years, and the concern really now is whether or not the pricing we are seeing, while it is correct, of course, it is absolutely representative of how the market feels. when you have the institutional investors come back, will they join the bond market rally? about more was people coming back to work. also watching carmakers today. we

new york in the office. are you watching video where news of the next is news asia with melissa chan don't forget you can keep up to date with the news around the clock on demand by going to our website the state of new dot com for now thank you so much for spending this part of the day with us. it's all happening duchess of. your link from africa the moral your links to exceptionally stories and discussions and no one will come today to view suffocating program life from funny jenny come on uses easy to our website be deputed smash africa join us on facebook w. africa. fake hair and real story. where i come from a lot of women like me have faith. care sometimes a hairstyle takes up to 2 days that's a lot of time that needs to be filled so people at the salon talk about what's happening in their lives. i became a journalist to be a storyteller and i always want to find those real authentic stories from everyday people who have something to share. with others i'm a fan of the salon i know i'm good quality hair when i see ads and it's a good story when i hear it's my name is elizabeth chong and i work at the de

new york. bloomberg. ♪ is bloomberg markets: asia. i am shery ahn in new york. haidi in sydney.mpact that the virus is having on the australian economy. korea iseing south having multiple suspected cases. that country has 31 cases. one of the least affected across asia. the problem is trying to model the impact. we don't know how long it will last four. the comparison -- it will last for. the comparison to sars is helpful. >> china's economy is significantly larger. as a baseline, it is clearly somewhat more challenging to short-term growth to model. have been a number of cuts to the chinese growth by two and 3%. -- two or 3%. are expecting more easing from the pboc and the loan prime rate to be cut on thursday. what would you be watching? anne: i think that the yields in china will glide lower. --have seen the 10 years for fall relatively sharply. they cut to 3%. over time, i would expect those yields would continue to fall for liquidity. regard to the bounce back in growth that is expected, i think there will be good to reining -- trading opportunities. china'se seeing steepes

other worlds most vulnerable to sea level rises outside asia to buy alexandria and new york are also seen to be at a high risk as the polar ice caps melt those are your headlines up next it's the stream more news in 30 minutes i'll see that. it's the day that will define the democratic race for the white house. team states get to make their choice should challenge donald trump in the presidential election join us for america's super tuesday. paschal coverage live on al-jazeera. hi i'm josh rushing and you're in the stream panic about the corona virus outbreak is fueling a global rise in asian sentiment but is covered 19 really to blame for people's racism tell us what you think in our live chat or on twitter. cross the world chinese people and those of generally east asian descent are reporting a spike in verbal and physical attacks let's take a look at some of those incidents in italy which is see the big outbreak in corona virus cases this week there's been violence abuse and harassment one filipino man was attacked in a market after being mistaken as chinese. in south korea there

from new york, this is bloomberg. ♪ joe: now, asia and.avirus rattling outlooks from cupertino to singapore. downgrading for the year as a threat about the threat of outbreaks way on trade. we don't know how long singapore and other countries will be under intense threat of virus. but we do know that it appears that will be serious stimulus applied as they come out of it, including fiscal stimulus. shery: singapore, hong kong, china. president moon jae-in of south korea also hinting that stimulus measures would be coming soon. more measures to support the economy as we continue to see the outbreak. the singapore showing their biggest budget deficit since at least 1997. for the next fiscal year, they are planning to spend $4.6 billion, which also includes $800 million just fighting the virus. they have more than 70 confirmed cases. romaine: there were commitments in the phase one trade deal and people it would be hard for china to meet those commitments given the fallout of the coronavirus. shery: we have seen signs from beijing that they w

well speaking out to paul monsieur in shanghai on skype is the asia technology correspondent for the new york times poll tell us about this technology is it being used around the world or is it the government control of china that concerns you. we'll assume that it's being used by lee in china and we're starting to see it appear around the world mostly in the us more authoritarian countries and i think what's probably most startling to see is how it's been used within china you know and as your report showed facial recognition cameras are everywhere they're big they're linked into big data databases there's a lot of questions about how much of the state it can leak out how well it's being protected so we're really seeing them sort of start to build a future based on kind of real world surveillance and there's a lot of questions that haven't really been answered and in an opaque autocratic country like china you're not getting a lot of answers about that so there's a lot of reasons to kind of be concerned yeah looking ahead the european commission is going to set out new regulations on officia

news app. now time for asia business report with mariko oi in singapore ‘s. —— singapore. south korea surprise. the country's central bank dashes expectation it will... new york single use plastic bags, joining california and hawaii, but are use plastic bags, joining california and hawaii, butare new use plastic bags, joining california and hawaii, but are new yorkers ready? —— bands. —— bans. welcome to asia business report, live from singapore with me, mariko oi. south korea has the highest number of coronavirus cases outside china. its economy has also been hit ha rd by china. its economy has also been hit hard by factory closures in china because 90% of south korea's exports go to mainland china and exports make up almost half of the country's economic output. these include things like smartphone chips as well as displays and many economists were expecting a helping hand from the central bank, hoping it would cut the cost of borrowing to a new record low, but the bank of korea made a surprise decision this morning to keep rates on hold at one point to 5%. the central bank will hold a news conference in the next hour to explain its decision. earlier i spok

new zealand as well. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am shery ahn in new york. sydney. let's get you a quick check of the latest business flash headlines this hour. -- $19 billion in europe's biggest private equity deal in a decade. the buyers are a consortium that includes advent international backed by blackstone and carlyle group. as part of the deal, the unit will be kept in germany. the cash infusion will help the company restructure its business after years of economic mismanagement. bayer is painting grim scenarios over its weedkiller. it might have to sell assets issue new stock, or borrow money at an unfavorable rate. it is working to settle claims that round up causes cancer. it has 48,000 lawsuits in the u.s. haidi: stephen siegel has been over promotingc a digital coin. the problem, he failed to disclose he was being paid for the endorsement. he was fined 157 thousand dollars and will have to pay the same amount in a disgorgement of profits. two years ago, mayweather also had to pay more than 600,000 dollars to settle a similar case. shery: let's get

asia." i am haidi stroud-watts in sydney. shery: i am shery ahn in new york.es continue to rise outside mainland china with hong kong investigating six more overnight. bloomberg markets anchor yvonne man has the latest. thene, so get us through numbers and what is happening in hong kong. yvonne: that brings the total to 42 in the city, and early this morning, we learned that more than 100 residents in a public estate were evacuated out of the building after two people inside contracted the coronavirus disease, and the latest we heard woman whoear-old lived in the third floor and lived directly below a man who had contracted the disease earlier. he was hong kong's 12th case. there is now a concern that perhaps this virus could be airborne. medical experts and authorities saying they are not ruling out any possibilities, but there is a consideration here that this was transmitted through a transmission via feces. they found out a ventilation pipe of this building that connected to the discharge pipe in the bathroom was not properly sealed so that could have carr

long -- if you look at airlines, the most profitable routes tend to be the asia long-haul routes they're not making money new yorkchicago. they're making new york to shanghai those knock-on effects, travel, what's the impact on airbnb and other businesses that have significant businesses in asia, all of which -- you know, i don't think we really know i would step back and say if you look at the mortality rates today for coronavirus, they tear same as the flu. and we've had a run on masks, but we have not had a run on the flu vaccine. so i would still tell people today before you run to cvs and look for more mask masks, you mt want to get the flu vaccine. >> good advice joseph, to close us out, is now a time when investors should be thinking about the longer-term potential in asia and taking advantage of any weakness from people having a short-term reaction to coronavirus? or are there more issues likely to be triggered that would cause investors pain, you think, even in the medium term >> from our perspective from what we're seeing and we'll be doing spot surveys with our merchants that are tracking or merchants

other worlds most vulnerable to sea level rises outside asia to buy alexandria and new york are also seen to be at a high risk as the polar ice caps melt those are your headlines up next it's the stream more news in 30 minutes i'll see that. the day that will define the democratic race for the white house. team states get to make it their choice should challenge donald trump in the presidential election join us for america's super tuesday. paschal coverage in my own al-jazeera. hi i'm josh rushing and you're in the stream panic about the coronavirus outbreak is fueling a global rise in asian sentiment but is covered 19 really to blame for people's racism tell us what you think in our live chat or on twitter. cross the world chinese people and those of general east asian descent are reporting a spike in verbal and physical attacks let's take a look at some of those incidents in italy which is seeing a big outbreak in coronavirus cases this week there's been violence abuse and harassment one filipino man was attacked in a market after being mistaken as chinese.

asia. sarah ponczek is in new york. sarah? sarah: we do see s&p futures now trading at the lowest levels that we have seen since they started trading a few hours ago. 1.25% after the first confirmed case of coronavirus in the united states of unknown origin and after that press conference from donald trump. not giving up. meanwhile, we do see resiliency on the mainland. the csi 300 gaining. 1% korean kospi now down after that rising coronavirus count. a surprise interest rate hold from the be ok. hong kong stocks falling lower. let's look at the fx and rate markets. we see a rebound of the aussie dollar, but this after it fell to the lowest level since 2009. we do see the yen gaining against the u.s. dollar and we see 10 year treasury yields falling lower. the 10 year yield at 1.3% after falling below for the first time ever. back to you. ponczek, right, sarah thanks for joining us. travelers torging reconsider trips to south korea as the number of coronavirus cases there nears 1600. president trump assured americans that they

1st cases a day after its biggest ever day point struck the dow jones in new york is close 1.3 percent down on friday markets in asia and europe of reported losses of more than 3 percent alexia prime as our courts. in the biggest city of africa's most populous country the 1st case of coronavirus is warrior news and italian man flew into lagos nigeria from the mom earlier this week we have started working to identify all the contacts of the future. and even those who were with him on the aircraft. nigeria's large population and high rates of poverty make it vulnerable to outbreaks like this when the world health organization declared the virus a global health emergency last month it was because of concern it could hit countries with weak health systems on friday the upgraded the risk of the virus is global for it to very high and i think this is a reality check for every government on the planet wake up get ready this virus may be on its way and you need to be ready you know with judy to your citizens you have a duty to the world to be ready. he pointed to the increase in cases and affected countries some struggling

new york for us. for more on this, i am joint in our studio by our asia business correspondent karishma vaswani. reacting to this for a month and then wall street started to catch up, and now we're starting to see that impact on asian markets yet again. yes, i think what we saw in early phase of this, when asian markets were reacting to daily updates from china, as the virus spread across china, that caused factories not to reopen as quickly as people wanted them to. factory workers were staying at home and that these massive quarantines, and there was a lot of mystery about what the virus was actually capable of. and that is why you saw asian markets react in the first instance, as they tried to come to terms with the fact that the factory, the workshop of the world, was effectively not working. what you are seeing now is, with more cases 110w are seeing now is, with more cases now being reported outside of china, in the rest of the world, and now in the united states as well, that nervousness affecting american investors as they start to come to grips with the idea that this isn't just about f

news on industries and assets you care about. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am haidi stroud-watts in sydney. shery: i am shery ahn in new yorkine in global passenger decline -- demand in over a decade after tallying up the initial impact after thousands of flights canceled because of the outbreak. they estimate a drop in passenger traffic forecast of about 4.7% compared to two months ago. the ceo, alexander, earlier today. >> measures to help the airline industry and probably more wisely, the tourist or hotel industry that is impacted by this virus, so you are mentioning the chinese government. i would like to mention the singaporean government, which money in the industry by reducing costs. we are urging the governments in the asia-pacific region to take similar measures to help the industries, not only our hotels, tourists, which are similarly impacted by the drop in traffic. >> china's aviation industry was supposed to surpass the u.s.'s this decade. in 2024. so will this be delayed because of this outbreak? >> if we look at the profile of what happened in the past, for sars, h1n1, you have a significant drop in traffic a

new york. welcome to "bloomberg markets: asia." ♪ haidi: the coronavirus numbers continue to rise, and human andlating. is fed chief says he watching the virus's impact closely but jay powell says the u.s. is in a good lace. in bernie sanders is in pole weition in new hampshire, have the latest on the democratic primary. news out ofing south korea, the jobless rate coming in at 4%, which is higher than the estimate of 3.8%. also a higher unemployment rate than the previous month of december. when it comes to jobs added in the economy, 568 thousand for the month of january, versus 516,000 in december. gainse seen some of those slow down as the coronavirus outbreak hits china's tourist arrivals and also ways on sentiment. this will impact demand for south korean exports. we have seen a little support withfrom the government its budget, which it says it plans to frontload in the first half. for now, haidi with its, the jobless rate and south korea and looks like has risen to 4%. haidi: a key concern for policymakers in south korea, especially if we break it down and look at youth unemployment let's

. ♪ ♪ haidi: asia's major markets have just opened for trade. shery: good evening from new york. bloomberg markets: asia. haidi: our top stories this monday, china sets aside $10 billion to control of the coronavirus. researchers say sections may peak this month. china beefs up its response. outputs suffered. shery: the outbreak is another blow to hong kong where rivals are plummeting. the economy was already reeling from months of protest. let's get straight to the market action. >> investors continue to assess what any economic outlook -- economic fallout from the coronavirus may look like. it is very much and risk off picture. the nikkei and topics lower. was aoes come after what very strong week for stocks in asia. japanese stocks having their best week since mid december. we do see the japanese yen higher versus the dollar. this comes after what was the sinceweek for the yen 2000 18. today, it is the best-performing g10 currency. yields -- 10 year jgb lower at the moment. south korea does come online as well. .he cost ease taking a hit last week was the best week in four yea

new york. thank you. staying in asia, china says it will have tariffs on about $75 billion of u.s. imports starting february 14. with phase oneg moves by washington. joining us is tom mackenzie. what does this actually apply to? imports of u.s. products into the chinese markets, ranging from oil to soybean to products like pork, beef and chicken. from 10%ill be reduced to 5%, or from 5% to 2.5%. it dovetails with an expected reduction in duties by the u.s. on february 14, part of this phase i trade deal. there have been questions around china as it deals with the coronavirus and the economic impact of that, whether it not it would be able to make the purchase agreements that it came to in that phase i deal. $200 billion worth of u.s. products over the next few years, on top of the baseline imports. that is a question that remains. they are saying that the signal for the ministry of finance is that they will reduce these as to the, and that says u.s. that we are still sticking to the trade deal even if we may not be able to make these large purchases at this particular time. we rema

in the next hour, tom keene joins me out of new york, forecasting slower growth in asia.seeing how the coronavirus impacts impacts -- impacts beer drinking in china. this is bloomberg. ♪ francine: worldwide coronavirus cases top 20,000. the u.s. says it is preparing for a possible pandemic. all trades near a bear market on demand fears. -- oil trades near a bear market on demand fears. after uncovering inconsistencies in iowa, the democrats postpone the results of the caucuses. and alphabet releases estimates as youtube disappoints in its first-ever revenue disclosure. shares drop in extended trading. this is "bloomberg surveillance." tom, a lot more going on today. we try to figure out if the chinese economy will make markets a little more level than yesterday. we look forward to asking ourselves what happened in the last 24 hours. with iowa. is truly a mess. viviana will have an update on that, and kevin cirilli i believe is somewhere in des moines and maybe he will be able to explain it. absolutely store near how this first presidential event of 2020 is just one giant

new york. welcome to bloomberg markets: asia. s this hour, president trump is set to speak on the coronavirus outbreak as the who reports new cases outside of china that insight. we will hear from the president in 30 minutes. the bank of korea is expected to cut rates. south korea has the most cases outside the chinese mainland. apple and microsoft issue andings over the virus supply chains that will affect the bottom line. >> macro concerns are again weighing on markets. a had u.s. stocks providing another decline for the s&p. we're keeping a very watchful eye on the presidential press conference with the cdc later on this hour. here's how we are seeing things shape up. the aussie section is -- session is pretty flat. treasury yields, continuing to push lower. up for 10th ofs 1%. a milk company is saying they are seeing positive demand for their is this in light of stockpiling measures in china. up.okyo, nikkei futures are a downside when it comes to u.s. futures. the bank of korea decision, seeing what kind of monetary policy im

new threat. this is "bloomberg markets: asia ." ♪ >> straight to the markets, where sarah ponczek is in new york.k like a frantic selloff. it is the fear of the unknown. >> absolutely. badle don't really know how the fallout from the coronavirus will be once it is over. we have losses accelerating through the session. the csi 300 at the low of the session. having its worst day since the day the chinese markets reopened after the lunar new year holiday. we also see the hong kong hung hang seng down. japanese equities officially in correction. off by 3.5%. the worst day since december of 2018. the korean kospi is below the row number of 2000, off by 2.8%. hi case count. really keeping investors on edge. let's get you a quick sector check. see how different sectors are closing across the asia-pacific region. these are sectors within the msci. all sectors are trading in the red. the worst performers are some of the worst we have seen in the wake of the coronavirus materials and industrials both off. utilities and real estate are both lower. cross asset reporter sarah ponczek. for more on the markets,

new york city. diane, good morning. >> good morning, county. coronavirus key focus here on wall street today. stocks hit in asiaing news of a surge in new coronavirus cases. that follows friday's selloff in the u.s. as the outbreak continues to trigger widespread worry. the nasdaq drops 174. the s&p 500 lost 35. futures are indicating a sharply lower opening day. brides to be may find it harder to find a bride dress due to the coronavirus. 80% of the world's gowns are ma many chinese dress factories had to temporarily close because of the coronavirus. the group says that could cause a dresser shortage. >>> tsa employees are no longer allowed to use the popular tiktok app. in a letter to the tsa over the weekend, city minority leader chuck schumer said national security experts have raised concerns about the china-owned app. it includes how tiktok handles user personal data. >> diane, i'm hearing one breakfast spot is taking it to the next level. you give us the details. >> reporter: yeah, they are on deck. launching the bagel rito this week. the creation includes eggs, bacon, turkey sausage, cheese salsa, and h

asia and europe get more on this from d.w. financial con correspondent a yes quarter at the new york stock exchange a welcome yes so we've just heard the vi to be the world's leading travel trade shows being cancelled because of the virus how does corona influence the mood on the stock exchange today. well we do see another wild session as we've seen them all week long and if you look here at the board we are just down about another 1000 points or almost 4 percent sold those has been a really pretty brutal week so far the dow jones industrial average should just reached a new all time high a good 2 weeks ago and since then we are down by more than 4 and a half a 1000 points so it's quite extreme what we are experiencing these days so an extreme swing but our markets at sort of record lows orally and we just seeing some wild reactions well i mean what we shouldn't forget 1st of all is that we've really been on the rise for weeks and months touching one all time high after another saw to a certain respect it was to be expected that a downturn would happen at some point but this is really very unusual that we're seeing right now

new york stock exchange with that nd more. good morning, diane. >> reporter: good morning. let's start with a look at markets. stocks in asiaing following news of the coronavirus outside of china. that follows friday's sell off in the u.s. as the outbreak continues to cause widespread concern. the dow tumbled 227 points, the nasdaq dropped 174, the s&p 500 lost 35. brides-to-be may find it harder to find the right dress due to the coronavirus. 80% of the world's western-style gowns are made in china according to the american bridal and prom industry association. many dress factories had to temporarily close because of the coronavirus and that could cause a dress shortage. tsa employees are no longer allowed to use the wildly popular tik tok app. in a letter to the tsa, chuck schumer said national security experts have raised concerns about the china owned app. they include how tik tok handles users data and personal information. yesterday the tsa said employees can no longer use the app to create social media posts for the agenlines lost or mishandled nearly 3 million pieces of luggage last year. about a third of those were

new york. sarah, it was an epic route of the u.s. and asiaee markets off their lows of the session and we do see u.s. futures rebounding. s&p 500 futures up 0.7% but a really rough, not just one day but today's, the worst two days straight since 2015, 2 days declines.f the csi 100 down 0.7%, it was before.ther the hang seng off 0.8%. the hang seng bounced off the moving average, acting -- let's look at the board. a couple stocks within japanese lower,s that are trading wedding related companies, there were reports the coronavirus had been spreading through gyms in japan and that is weighing on sports companies, each falling. a wedding company, there have been some presumptions that weddings may be canceled if people don't want to bring together large groups of people. that company, off by 3.8%. >> our asset reporter, sarah, thank you. we are keeping an eye on hong kong. it is budget day and we are waiting to hear from the financial secretary who will deliver the budget. there we have it, looking at him right now. coming amidudget disruptions

are at risk from the rising seas among the most prominent cities outside of asia facing the highest risk on by alexandra new york west bring in will nicholas he's head of environment and climate change very. global risk on the company he joins us now from new york will this report talks about the sea level rise index how important is it and what system what's it telling us that we don't already know. great question all still of a rise in covers around 500 cities across the world and it's a kind of combination of sea level projections from thousands of sites across the world and terrain map as well i guess what it shows i mean obviously we've identified some of the big key economic areas but what i think the kind of messages here is that sea level rise is increasing i think sea level rise is often seen as a more distant problem but the fact that levels are increasing and are picking up you really brings into play some of the investments in infrastructure things like power plants airports that are going to be around in maybe 405060 years time so we're very keen for companies to start factoring sea level rise into

in new york thank you and let's take a look now at some of the other business stories making headlines. french luxury goods maker have as bags record results last year thanks to soaring demand and asia the coronavirus saw 11 stores closed 7 of which are now back open ham is says it's still too early to assess the potential impact of earnings this year. air france kaylin calls the coronavirus impact on the airline industry brutal its dutch carrier cayle and is making budget cuts due to a slowdown in business it's cutting back on hiring new staff and external consultants delaying new i.t. projects and office real refurbishment plans and significantly significantly reducing travel expenses. for the german airline is also feeling the pinch it announced recruitment freeze its cutting costs up their flights to mainland china and hong kong were put on hold due to the outbreak of tonnes of shares have suffered over the past week falling by 14 percent. apple chief executive tim cook said the company will open its 1st physical retail store in india in 2021 speaking at the company's annual shareholder meeting cook said apple would start selling its products online in india this year and will o

news, daegu. that's the view from asia, but how are global markets reacting to the coronavirus outbreak? let's bring in my colleague samira hussein who's in new york look at the way they are trading right now, i see a sea of red. it is a real clear indication that wall street is really worried about coronavirus and what impact it could have on the label economy, and whether there would be a prolonged impact. if you look at specifically what has been hurt in term of companies, anyone that does a lot of business with china. apple, nike, wa lt business with china. apple, nike, walt disney, three companies that you see have had the big falls on markets because they are so worried about coronavirus. being impact is airlines and hotel chains, worries that people are just going to stop travelling altogether. the worries about the financial impact have been bubbling around for a while. why the sharp drop that we are seeing now? i was reading that the dow is down a thousand points at one point. that isa thousand points at one point. that is a massive drop, something that we would never normally see. there are a lot of people asking that question, what is i

new york city, i'm errol barnett. >>> it's tuesday, february 18th, 2020. this is the morning morning. coronavirus crisis. the number of the cases in the u.s. has almost doubled. more americans are diagnosed after returning from asia as infections climb worldwide. >>> crash into the wall -- into the air goes newman. >> fiery crash. the daytona 500 ends with the lead car crossing the finish line on its roof, losing the race. driver ryan ynewman rushed to te hospital. >>> scout scandal. the boy scouts fight accusations of sexual abuse.

new york -- north america. they've restructured and with regard to the virus, more than 10% of total sales stem from asia pacific region. growth in asia surging 28% we know that is a key growth area what are your expectations for this name specifically >> it is all about can they get efficiencies and cost cuts you think of the drivers it is international, wholesale and apparent they have new people in place now. new coo, they need to get their act together they need the product demand key competitors going into the olympics is key. gross margins, everyone expects signs of improvement we need to see that. are they going to do that 10 cents or 11 cents will be key was with a challenge in the third quarter. >> what about north america? that has been so critical. can they do it they'll get more growth internationally. can you have the inventory levels clean just in the north america platform itself. in the strength of the competition, very high >> we are seeing two new executive officers with good experience coming in, two different projectri trajectories or different? >> two different trajectories. you have a small

asia stocks mixed after the major market open. sarah is keeping and i on things in new york.- risk equities? >> i would not say they are going all in. the amount of negative yielding debt that is out there and there is some trepidation. at the same time, the tendency is toward risk. you look at the hang seng volatility index moderating for five straight days, the longest streak of the year. at the same time, there is, as we can see right here, many benchmarks touching new record highs around the globe. the s&p and the nasdaq and the united states. you also today had new humans zeeland stocks touching record h iighs. those that are leading the way are the software stocks. they still perform well in a high-growth environment. investors hoping we could see a sustained pick up in growth but still weighing the pros and cons. >> there are number of catalyst a balance. the corona violence u.s. politics, central-bank action. what are traders focused on most? there is a lot going on but first and foremost is the coronavirus. any sense that we might be seeing a slowing in the growth ra

asia. he grew up in upstate new york. went to college at brown. certainly very familiar with new england. he became an attorney after going to school. but he actually hated it, said that he did not like the five months he spent as lawyer. then he went into entrepreneurship. he founded venture for america, that's an organization that helps other entrepreneurs to create jobs in big cities. now he's running for president. you've probably heard some of his big, bold ideas such as $1,000 a month for every american 18 years and older and he certainly has built a very big following of supporters, one of them a familiar face here in new hampshire, steve marchand, the former mayor of port smith and for were -- former gubernatorial candidate. here's what he told us a few while ago. >> he's young and smart, brings a totally new message to the table that kind of diverse backing he has brought is unlike any campaign i've seen in a generation. i think that's very exciting both for 2020 for andrew, but i think it's great for party in the long run. reporter:at the iowa caucuses, yang fiduciaried in -- at

new york, and to manchester, new hampshire. our bloomberg voices are on the ground with this morning's stories. we go to asia first, where the number of deaths from the coronavirus outbreak has now surpassed 1000 people worldwide. we go now to rishaad salamat. what's happening right now? there is some optimism out there. the epicenter of all this is hubei province in china. the number of new cases has fallen to the lowest in a month, or thereabouts. there are some signs of normality returning. to geteen people urging back to work and trying to sort out some of the industrial production numbers. no word yet from a swath of retailers the likes of yum. some of these companies have as many as 80% -- as many as 80% of their stores closed. some sporting events could be hurt. there's an event on april 19 that's under question. there's one of the biggest sporting events that hong kong actually does host. there was one worker who was showed signs of the coronavirus. there are deep cleanings taking place, and they are all working from home, as i just said. theof this coming ahead of budget next tuesday. we can expect

asia." i'm shery and a new york. strout.ts are warning an impact, but our next guest is positive on china for the long-term. let's bring in our guest. great to have you. would you say this is a buying opportunity? yes. i think the impact on the economy will be very severe and we probably will not know until mid-march when full resumption occurs in china. the early signs of pretty positive. people are returning back to work. china is doing a good job trying to contain the virus. the consumer impact might be short-lived. against this, you have a situation where the chinese government is trying to ease measures. the chinese fiscal deficit to gdp is potentially close to 4% or 5%. 2020, they are looking at other measures to stimulate growth era that could be relaxation in the property market, relaxation on restrictions, more liquidity funding for developers, which will probably have a positive impact on the consumer in the near term. companies like alibaba are well-positioned for long-term growth in china, particularly the cities

haidi: pretty group that in new york with a look at how markets are trading so far. continues tous spread outside asia. raising concerns about the prospects of a pandemic. confirming 161t deaths.s and now seven 750 cases in south korea. let's get to yvonne man and tom mackenzie. south korea among the countries reporting a surge and lots of criticism that it is too little, too late in terms of measures of containment they are taking. yvonne: especially given the spike in numbers. we are talking 20 to 30 fold in the numbers in a week in south korea. in terms of the new cases, at least half are inside of a religious group where apparently they also infected a psychiatric ward in a hospital where members were attending a funeral in the same complex. that is why the government over the weekend raised the deal -- the disease alert level two red alert. be finance ministry will announcing they say extraordinary measures for the economy. the ruling party according to local media also urging for an $8 billion to budget to fight this virus. you see companies also preparing for the worst as well after samsung, on

he is a south asia analyst at eurasia group a political risk consultancy based in new york thank you for your time mr barry what do you make 1st off of trans response to the violence that's taken over taken place in delhi of the past few days and the way a year he dealt with those questions about this. i would say that it's very much in character in line with his character the trumpet administration has been hesitant to speak out against india for its controversial policies including actions and because smear including the controversial citizenship amendment act part of this is because the trumpet ministration views india as a key part of its in the pacific strategy and it is not too eager to rock the boat so to say president trump also does not have a significant amount of history criticizing countries for alleged human rights issues and this is very much in line with his character usa you mentioned there the indo pacific strategy for the u.s. explain to us what that is. sure so india and the u.s. are have been kind of working together on this into pacific strategy to ensure a free

new york time. >> that is about it for this hour of "bloomberg markets: asia ."oud-watts in sydney. ♪ >> it is almost 11:00. . am haslinda amin i am paul allen. where entering the last hour of the morning session in hong kong, here are the top stories. aside $10 billion to control the coronavirus as desktop 900. who hits for wuhan as researchers say infections may peak this month. worst-case scenario, slowing economy, rising public debt, and now the virus. the global economy being weakened and air travel among the hardest hit. this is "bloomberg markets: asia ." ♪ haslinda: asian markets mostly in the red, but china has faced a turnaround in positive territory, up to 10 support percent. let's get the latest on the markets from sarah. of an upbeat tone across markets, while off the lows of the day. mainland china stocks now in the green, up by two tents of a percentage point in holding above the 200 day moving average. this is on strong volumes. volumes for the csa 300, trading volumes, 60% higher than the average this time of day than the past 30 days. you look a

asia. chinese markets seeing some fairly moderate losses. let's get over to our asset reporter in new york tracking the latest. what are you watching? >> i'm watching the fall in japanese equities. we knew there would be a cash down, but we did not know quite the extent of what it would be. it is matching what we saw in the u.s. trading session just about. the nikkei down by 3% or so. two stocks in the entire index are trading in the green. it is very much a widespread decline with japan coming back from holiday. you look at the csi 300, falling as well. down 0.9%. that was expected considering all the liquidity we have seen pumped into chinese mainland markets. the hong kong hang seng well off the lows, very modest losses. roughly flat on the day. up near 1% surging, at the moment. as you mentioned, this after losses of 3% in the u.s. trading session, the worst day in two years. that completely detracted those gains for the index. let's look at a couple of the risk metrics. across the fx and commodity riskts, seeing a little, -- seeing a little bit of tension, a push toward risk. put it a

new york makes his 1st appearance in the democratic presidential debates. hello and welcome back time to start our weather forecast in northeastern parts of asia the weather across much of japan is generally looking fine on friday but we have got a weather system which is going to be developing and that's going to be pushing in jury stuff they say things will change that should be a bright day in tokyo highs of 14 but on saturday that weather system begins to develop pushing rain into the western side of japan thing to see i think turning up in northern areas that could well be snow for a time certainly harl of ations and some heavy snow across the eastern side of russia coming further towards the west it sat looking largely fine across much of southern china we could see one or 2 showers affecting taiwan at times down into southeastern parts of asia lots of thunderstorms all for parts of indonesia and those showers extending up through into the night potentially as we head on through into saturday but should be fine at times temperatures here temperatures here expected reach 32 degrees into south asia and here we've got some heavy showers affecting northern par