, with vonnie quinn in new york.own to the european close on "bloomberg markets." ♪ back in the green for the s&p 500. we started the day in the green, gave up some of the gains, and we are back up 0.1%. those companies faring well are expedia, up more than 11% after reporting results that surprised the street. they were better than expected, looking for double-digit growth.

vonnie: from new york, i'm vonnie quinn this is -- vonnie quinn. this is "bloomberg markets." guy.t's turn our attention to what is happening in turkey, and figure out exact a what is happening there. the turks have decided to ask the united states if they can have patriot missiles, which they will put on the southern border with syria. basically, this is to deter russian action in the italy province. . the history behind this is -- in the idlib province. the history behind this is very important. a defenseently bought system much to the annoyance of washington. let's go to istanbul to get the latest on this. ant is joiningr us. talk about how big a surprise this is. we have seen all of the issues surrounding the s4 hundred purchase, and then we get an issue where basically, the turks need the patriot missile system. this is a huge turnaround. onur: it certainly is. relations has been on the downhill since the decision to system the s400 missile from russia, and now turkey feels like it needs another missile defense system, this time from the u.s., to protect its troops from syrian

live from london, i'm guy johnson, with vonnie quinn in new york.wn european close on "bloomberg markets." ♪ vonnie: the death toll continues to rise from the coronavirus. the rate is slower, but it doesn't mean that people are not continuously afraid that it is going to re-accelerate. that being said, and even with some of the corporate warnings we are getting, we have stocks higher again today. the nasdaq is up 0.8%. we are also seeing

i am guy johnson with vonnie quinn in new york.ng down to the european close on "bloomberg markets." ♪ vonnie: we are getting a break down but the s&p 500 up 1.5%. there seems to be money moving back into stocks from treasuries with the 10-year yield at 160. one of the earnings stories is ralph lauren. up 10% roughly. there are some little flaws in the earnings report.

that's why four years ago, as kids often do to make money, quinn held a lemonade stand, and donated the profits to find a cure. >> we raised $80. >> reporter: not satisfied, he turned to a beverage with more mass appeal. >> everybody likes cocoa. >> reporter: his sister emma had just joined him at elementary school, which he little scared him. >> we thought she was going to get bullied, because she wasn't like me, or anybody else at the school. >> reporter: so quinn urged his classmates to be kind, and they embraced her. >> what did you say? >> he was, like, my sister emma is coming to school, and, like, i want everyone to, like, she's knights to her. >> reporter: and when he launched quinn's cocoa for the cure, he got help. lots of it. >> the principal, like, he was, liking, wow, i'll come and, you know, he donated, like, $100, think, that year been >> really remarkable to know that three years later, $106,000, and emma is in a trial, and might be in another trial, and just might have impact for so many families including ours. i'm so proud of quinn. >> reporter: one twin's mission on

i'm vonnie quinn. welcome to bloomberg markets. from bloomberg world headquarters in new york, here are the top stories we are following. a sea of red for global stocks. the s&p 500 wiping out its 2020 gains and posting its worst day in two years. investors fearful as the coronavirus spreads far beyond china, potentially upending global economic growth. seek safe havens, gold looms toward $1700 an ounce. we talked to the ceo of sibanye stillwater, who may target m&a worth $5 billion to expand its gold portfolio. kailey leinz is with us halfway into the trading day. the dow is down more than 1000. kailey: we are deeply in the red, down more than 3%. 2018, driven since by fears of the coronavirus. there is a lot of conviction behind the selling. volume about 40% above average for this time of day. the dow now down by more than 1000 points. the s&p down by more than 100. that is the first time we have seen that in some time. for the dow, this would be the third worst day in history if we close at these le

this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn.uy: and from london, i am guy johnson. this is "bloomberg markets." theail doolittle, what are markets looking like? abigail: we are not seeing the rally that the bulls may have hoped for. in the u.s., the nasdaq is up .02%. yesterday, the dow and s&p 500 had the worst day in two years. the dow is down . 75%, a bearish reversal. in europe, bearish on the stoxx 600. in the 10 year yield down is down about three basis points. looking at the volatility through an overnight chart of the e-mini futures, and you, can see doing the asian session there was a nice rebound for stocks. negative around the open, higher, then lower. now they are about flat. the s&p 500 cash is flat well. there is reason to think that the s&p 500 has more work to the downside. the sellers will continue to take control. by buyers disappearing yesterday. on the bloomberg terminal, here is an interesting chart on the dow transport on bottom, below the 50 day moving average, jump a below the 200 day moving average yeste

from new york, i am vonnie quinn. i am guy london, johnson. onnie: a lot to get to and a lot of places to begin. home sales for january coming in stronger than estimates. continuingle markets to show strength. the previous month was also revised higher. --gher, after a few days a decline, specifically between 6% and 7%, we are seeing a relief rally today. adding also to tjx, the s&p 500 best performer. yesterday we had a very different morning session then afternoon session, the 10 year yield got down yesterday, it was an all-time low, six basis points off of that now. a definite sense of relief in the treasury market. it was below $50 an hour, back above that now. we will continue to monitor that situation. and all is well in the world, despite the fact that we are going to be tracking the coronavirus in the next two hours. about, a lot talk of stories we need to focus on, european stocks are stabilizing, the u.s. markets opened, and we saw that stocks one positive, drifting by little. is -52.an ten-year but things are looking more positive.

birds of prey, the new harley quinn film.k to the animals, this time with a welsh accent. and parasite, the international hit from bong joon ho. quite a mixture. it really is. birds of prey and the fantabulous emancipation of harley quinn. it follows up from suicide squad which was a complete mess and it is much better than its predecessor. margot robbie steps out on her own and at the beginning, she is broken up withjoker and she blows up the chemical plant in which they sealed their love. she is newly employed by a slimeball played by ewan mcgregor and she finds herself in a centre of a roller—coaster ride of a plot which involves a stolen diamond, teenage thief and a growing band of lethal women who have become targets. here is a clip. they're all here for me... ..aren't they? no. they're not? no, they're not. do you know what that means? that means he's notjust after the kid any more, he's after all of us. he's sure as hell after me, ijust robbed him. you just betrayed him. you just killed his bff and you're dumb enough t

live from london, i'm guy johnson, with vonnie quinn in new york. down to the european close on "bloomberg markets." ♪ vonnie: we have some expansionary ism data this morning. that didn't help the rally that started early in the u.s. session. we are off our highs now, but there is still a lot of optimism baked into the s&p 500, up almost 1.1%.

live from london, i'm guy johnson, with vonnie quinn in new york.ou down to the european close here on "bloomberg markets." ♪ vonnie: checking u.s. markets, we are getting another bounce again today. the s&p 500 up 0.75%. more than half of s&p companies reporting this quarter have already done so. no doubt, there is some of that in the pressing of the s&p 500.

i'm vonnie quinn. guy: what a trading day it's turning out to be, i'm guy johnson, welcome to bloomberg markets. vonnie: we begin with fresh u.s. housing data, with home sales from january up by .2%, better than the estimated 3%. the previous month revised better, there was a slow down, these are context signs, but not closed upon. -- these are contracts signed but not closed upon. these are not taking away from today's market the s&p 500 is down 2%, about 40 stocks are high, and those have very fractional gains. if video -- a few idiosyncratic stories. there.st a bloodbath out the 10 year yield at 127. -- at 1.27. we hit the record low and we are sinking. aboutl speak to kumar where he thinks this could be. and to be vicks future curve is in backwardation. it's elevated right now at 32, getting into the danger zone. $46.40.e oil at the 10 year yield is actually off the chart. guy: off the chart is how these markets feel right now. i think the action is shifting, what we are seeing in germany is -75 fo

live from london, i'm guy johnson, with vonnie quinn in new york. down to the european close on "bloomberg markets." ♪ vonnie: we begin with breaking news. the federal reserve releasing its semiannual monetary policy outlook. one of the headlines, the downside risk to ease in late 2019, but the coronavirus is a new threat to the global economy. fedously, that is what

vonnie quinn. guy: in london, i'm guy johnson by vonnie: we are in -- we are 30 minutes into the trading session. amount for the coronavirus. the 10 year yield is at an all-time low. every group in the s&p 500 is down. energy, car parts, tech. the index is down 2.5%. the 10 year yield creeping back up a basis point of two, but we the -- wethe close to were very, very close to the lows. selloff in crude oil as well. guy: absolutely. over here, stoxx 600, 595 stocks are lower. five or higher. that tells you about what we are seeing. the stoxx 600 down by 3.8%. i have to mention the volume is very, very substantial. some of the peripheral markets in italy trading down very, very sharply today. 5.5%.y ten-year is catching a bit with -48. daxie, let me show you the over here. a lot of people were short long. we are getting a squeeze when it comes to the b stocks. 73 -- 74% move of stocks. a huge gap higher. vonnie? vonnie: coronavirus concerns battling global markets at this hour. italy is at the epicen

vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets."'s get to those markets now. abigail doolittle is with us. abigail: we are certainly looking at a risk off tone. the s&p 500 in the u.s. headed to its first down week in three weeks. the nasdaq down 1.4%. hang seng was down more than 1%. crude oil, brent crude down more than 2%. investors out of risk assets today. renewed fears around the economicus, plus weak data in the u.s. has sent the 30 year yield down to its lowest level. really pretty incredible at 1.9 percent. if we go into the bloomberg and take a look at one force of pain, the u.s. market data in the u.s., take a look at that. a contraction for the services and overall composite come of the lowest level since 2013. investors really not liking the fact that the coronavirus does appear to be affecting the economic data in the u.s. finally, some of the big movers on the day, both to the upside and downside, deere put up a great quarter. those shares are sharply higher, up nearly 10%. procter & gamble is the next best mover from

live from london, i'm guy johnson, with vonnie quinn in new york. we are counting you down to the european close here on "bloomberg markets." ♪ vonnie: checking u.s. markets, we are getting another bounce again today. the s&p 500 up 0.75%. more than half of s&p companies reporting this quarter have already done so. no doubt, there is some of that in the pressing of the s&p 500. a little optimism for the future of the coronavirus outbreak. the 10 year yield at 1.64%, creeping back up. crude oil holding its 3.5% gain. the dollar index is stronger. , coty is the best performer. the market will take anything, i the moment -- anything at the moment, it seems, to bounce. guy: i think the u.s. data is definitely helping head of the big payroll number friday. europe up by 1.22%. the dollar is bid pretty much across the board, and crude, as you are talking about a little while ago, certainly catching a bid today, up three point 5% on the brent contract. that's get the latest on the coronavirus as the death toll climbs towards 500. joining us is bloomberg's s

vonnie: i'm vonnie quinn in new york.is the european close on markets area we are back with daniel morris, with us in london. daniel, sets on futures may be rising 75 basis points to the year, but will the market do the fed's job for it to, in the sense we have low yields at least this week, and is the fed -- if the fed were to do that, is it even clear that would help things or the fed would be able for other reasons than just this drop in yields? daniel: i think the assumption is that the way the markets really should be viewing this is going to be a transitory shock to the economy. this is why you hear from the ecb, there should not be a knee-jerk reaction on coverage because this is in contrast to what happened last year when the fed were thinking about the medium-term impacts of higher tariffs and that justified for them cutting rates. there is a lot of parallels in terms of the chinese economy and u.s. economy because of the coronavirus, but you should not -- at this point, we think what the market has priced and is

i'm vonnie quinn in new york. jon: i'm jon elrichman in toronto. officials expressing interest in digital currencies in recent days but some fear the volatility in bitcoin and other cryptocurrencies make them unpredictable forms of payment. a possible solution could be stable coin. a new class of crypto coin backed by reserve assets. -- welcome the man who introduced the first canadian dollar back stable coin. stable is the keyword here, to have the canadian dollar time to this asset. tell us more about how these stable coins work. we believe the capital markets are going to be significantly digitized in the future compared to today. the only way that can work is if we take all of the financial market instant -- infrastructures that exist in today's analog market and represent them in the digital market, but in a way that is well-regulated, reliable, adult. those mechanisms include exchanges, custodians, and include ways to exchange value. the canadian dollar stable coin we have launched is a mechanism to allow canadian dollars to be exchanged in a

. >> live from bloomberg world headquarters in new york, i'm vonnie quinn. amanda: live in toronto, i'm amanda lang. welcome to bloomberg markets. here are the top stories we are following from around the world. a tumble in u.s. business activity is rattling investment nerves. the coronavirus is hitting supply chance and creating a warning sign to the world's largest economy. here about the virus has spread to commodities. brent oil is falling, snapping an eight-day winning streak. we speak to the head of the american petroleum institute about the demand for oil. deere posted it on it expected -- an unexpected increase in quarterly earnings. one of there outliers today. major averages are lower. they are off their lows but still down a percentage point on the s&p 500, 0.8% on the dow jones. really, the story is in treasuries. checked the low on the 30 yada yada, and it got to 1.38 and change. we are back up to 1.92. it was a massive move in the 30 yada yada, out of risk today. earlier on, what cause the immediate move in a 30-year, the pmi that came out. the

, with vonnie quinn in new york. we are counting you down to the european close on "bloomberg markets." ♪ back in the green for the s&p 500. we started the day in the green, gave up some of the gains, and we are back up 0.1%. those companies faring well are expedia, up more than 11% after reporting results that surprised the street. they were better than expected, looking for double-digit growth. clearly, coronavirus is not impacting future sales all that much at the moment. , data as well, storage center, those kind of chips doing well. that is having a halo effect on some other chips. a couple of them are lower as well. there is some treasury buying along with the equities bounce, so we have to take note of that. 7%.10 year yield at 1.5 we got consumer confidence data above 100 today from the university of michigan. preliminary february data increasing, and revisions to december. that said, retail sales didn't exactly reflect increased confidence. they were pretty stagnant, if not a little disappointing. guy: here

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. london, i'm guy johnson. this is "bloomberg markets." let's check in with the bloomberg first word. here is viviana hurtado. viviana: the number of cases in by hubei province has soared 45% to almost 50,000. spikebrupt reversing the trend on the the coronavirus may be under control. the coronavirus is blamed for what is excited to be the first drop in oil demand in more than a decade. that is coming from the international energy agency. the iea says the virus is battering china's economy. it says at this stage, it is hard to be quiet about the impact. southwest airlines extending the absence of the 737 max from its schedule until after august 10. the airline says not having the max cost it millions in operating income last year. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. vonnie: thank you. bob faith is the ceo and founder of greystar. all told,

from london, i'm guy johnson, with vonnie quinn in new york. we are counting you down to the european close on "bloomberg markets." ♪ vonnie: grinding lower, but slowly. we are down zero .4% on the s&p 500 as more and more companies talked about the impact of the coronavirus short-term and more intermediate-term on their businesses, including the apple, and of course which is what spooked the markets after a possible turnaround day yesterday. apple said it would tried to -- china said it would try to shore up its economy. we are also getting some good earnings reports helping shore up some of the market. gold futures above $1600 an ounce, and that is all just in the last few minutes. it does show that there's a little bit of risk aversion out there. as you can see in the treasury market as well, it is very apparent. the 10 year has been flirting with 1.55% all day, above and below it. the dollar index got up to 99.50 at one point in the session. guy: in europe, we are midrange when it comes to equities. in terms of what is doing the damage, hsb

>> quinn: yes, eric, i'm listening to you. but i'm still gonna point out that brooke is the one who attacked my marriage. she ordered you to kick me to the curb. i had no choice. i had to defend myself for what we have with each other. i had to strike back. [ sighs ]

live from london, i'm guy johnson, with vonnie quinn in new york. we are counting you down to the european close here on "bloomberg markets." ♪ we begin with u.s. crude oil inventories for last week not as weh of a build -- vonnie: begin with u.s. crude oil inventories for last week. not as much as a build as into the baited. we are up more than 2% of the back of that data. refinery utilization was positive by 1.4%. the market was looking for that to go into the negative by 0.5%. crude oil inventories rising by 415,000 barrels only last week. gasoline inventories was a drawdown of nearly 2 million barrels. let's check u.s. markets more broadly. the major indices are really unchanged, but we have a few major movers, including viacom cbs, which disappointed in its first quarter as a combined company. investors are really punishing that stock. guy: a bit of breaking news, the unicredit boss looks like he is emerging as a potential hsbc ceo to get the job. remember, noel quinn currently yethe interim ceo at hsbc, the interim ceo putting out a is involvi

from new york, i'm vonnie quinn. >> it is turning out to be quite the friday. i am guy johnson. welcome to "bloomberg markets." vonnie: we begin with fresh economic data. let's see where university of michigan sentiment is coming in. they came in at 101. the market is looking for 100.7. it is higher than last month. 114.8. conditions up to , 2.4%.s of inflation let's get to the markets because it is the seventh down day for global equities and the s&p 500 down 3.5%. a few stocks are higher including 3m which is the only down component which is higher right now. it fell off everywhere. speaking of the dow, it has been the worst selloff week for the dow than in any year since 2008. that is not just a week, that is in a whole year. any year since 2008. that will give you some idea. the tenure yield dropped down. at 117ff of its low waiting for the fed to speak. the vix up to 45. we thought we were high yesterday at 33, we are much higher than that now. crude oil continues to settle. we are just about $45 per barrel. gold is also selling off today. down 1.3%. the stoxx 600, 372 whic

vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets.": let's dig back into the conversation we've been having with david kotok, cumberland advisors chairman and chief invested officer. when it comes to tesla and the run it's been having, what do you make of it? david: the only thing i can see in tesla -- you know, what a controversy. we had a large short position, and the shorts got squeezed. classic story of a short squeeze. so they had a panic buy. they had a cover. they were losing money every minute. that was a scramble. where this goes from now is unpredictable. tesla has been controversial. so has musk and all of his antics. on the other hand, electric cars are coming. two questions off that. does this feel like 1999 in terms of the tech bubble and what happens to stocks at that point? the other, is this a prelude to a bubble being formed in esg -style stocks that can take advantage of the environmental switchover we are going to see? david: in 1999, we had a federal reserve that went very expansive worrying about y2k, so they prov

live from london, i'm guy johnson, with vonnie quinn in new york. we are counting you down to the european close on "bloomberg markets." ♪ vonnie: we have some expansionary ism data this morning. that didn't help the rally that started early in the u.s. session. we are off our highs now, but there is still a lot of optimism baked into the s&p 500, up almost 1.1%. looking perhaps like the coronavirus might be starting to get contained, at least the market is looking at it that way. plenty of earnings stories to tell you about. the 10 year yield at 1.55%, bouncing back a bit. crude is hovering around $51 a barrel after china said to be perhaps thinking about lowering its growth outlook, and definitely reducing its oil demand as factories stop producing things. no need for as many imports. gilead sciences was the best performer in the s&p 500, looking at a vaccine. guy: absolutely. we will come back to that story very shortly. here in europe, stocks not at session lows, but kind of mid range right now. we are up by around 0.4%, but we are positive. asi

this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. i'm guy johnson. this is the european close on bloomberg markets. time for our stock of the hour. universalking about shares -- viviana: our shock of the hour is iphone display maker universal. a 10%y maker could take hit because of disruptions caused by coronavirus. let's take a look this morning. to0 sales outlook cut by 40 $50 million. another thing to look at is the revenue could miss consensus by 7% and four q eps lower. the virus could cut sales after the company raised its capacity. all of this coming on the heels of apple's own sales cut. we talked about the blockchain disruption. it is not all negative. despite the cut, sales are still expected to grow. the company just invested in increasing its capacity. that points investors to look at margins for the rest of 2020. if we were to look at universal display customers, it is a supplier to apple. it sells pricey screens to apples suppliers, lg and samsung. they get passed on. apple uses universal screens only in its higher xl.

live from london, i'm guy johnson, with vonnie quinn in new york. we are counting you down to the european close on "bloomberg markets." ♪ vonnie: we begin with breaking news. the federal reserve releasing its semiannual monetary policy outlook. one of the headlines, the downside risk to ease in late 2019, but the coronavirus is a new threat to the global economy. fedously, that is what presidents have been saying over the last couple of days, most recently dallas fed president robert kaplan. semiannualhe monetary policy released today. anything that doesn't come up will be addressed next week in jay powell's testimony on capitol hill tuesday and wednesday. just some of the headlines, the coronavirus may lead to disruption spilling into the global economy. foreign political and economic develop and pose a risk to the united states. the global slowdown in trade and manufacturing is nearing an end. i think those are the three major headlines from this semiannual report. let's check u.s. markets now because they have been dominated by the nonfarm heroe

i am guy johnson with vonnie quinn in new york. we are counting down to the european close on "bloomberg markets." ♪ vonnie: we are getting a break down but the s&p 500 up 1.5%. there seems to be money moving back into stocks from treasuries with the 10-year yield at 160. one of the earnings stories is ralph lauren. up 10% roughly. there are some little flaws in the earnings report. half the stores in china are closed right now. witho much the case google. revenue disappointed. there are privacy and regulatory issues coming up once again. google down about 4%. guy: no longer a trillion dollar company. we are up around 1.5%. stabilization and asian markets, particularly china. a huge response from the chinese authorities. saferesult of all of this, haven seeing a little bit of selling. gold is down. a little bit of selling when it comes to the german 10-year. vonnie: the u.k. asking its citizens to leave china because of the coronavirus. let's go to hong kong. how serious is this development? we have a huge number now of deaths in c

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn.: from london, i'm guy johnson. this is "bloomberg markets." after the fireworks surrounding the departure of the u.k. chancellor, there's now belief that the u.k. is about to embark on a very big fiscal easing. the question is how big. we are back with martin gilbert, vice of standard life aberdeen. we've got a new chancellor. are we going to see the taps being open, and how open should they be? martin: i think we are going to see some infrastructure spend. there's never been a better time for a government to borrow money with these 200 year low interest rates. we have seen them push the noton on high-speed, too, that i would probably be around to see at by the time it is finished. but i would expect to see infrastructure spend, especially towards the north, which is where he really won a lot of these seats, and he wants to repay the voters up there for voting him in. guy: how much divergence do you think we are going to see between the u.k. and the eu rulebooks, and where is that goi

vonnie: from new york, i'm vonnie quinn. guy: from london, i'm guy johnson.his is the european close on "bloomberg markets." i want to carry on the conversation about what is happening in europe because today the emphasis has shifted from a focus on the corona minus -- coronavirus, now in europe. this is a major economy, and china is also, but if you have two of the major interests in the world having economic problems as a result of the virus, we do not know yet what this will do from a medical point of view but we are starting to see the italians are shutting down towns. a similartting reaction from the one you saw in china? how, in that position, i position myself, do i buy gold, or bitcoin? walk me through what kind of a doomsday portfolio looks like. >> it does not have to be a doomsday scenario. we just take the simple stimulus, and provided that the political situation in the u.s. plays out as expected, if you look at the angst from prism of fedfed easing, if the easing it is supported for the u.s.. you just want to buy more north american assets. i th

vonnie: i'm vonnie quinn in new york.s week, we been focusing on the credit side of the global selloff. could a leveraged loans be the next part of the market to take a dip? joining us now is clear boston. how have they remained immune so far? that part of the market seems to be pretty immune. >> i think we are starting to see those cracks. we saw a leveraged loans take a bit of a tumble. a lot of the seller today is also concentrated in leveraged loan and high-yield credit. a lot of investor nervousness right now. when theycredits that stumble, they have more trouble making those interest payments. amanda: even before we had this threat of a pandemic, something that could really shut in the u.s. economy, we have people talking about these huge tranches of high-yield debt that could be downgraded. on the leverage side, we were talking about worries with covenants. the fear is an inability to repay. of the pile.e top so what is the actual fear level here, on worst-case in areas for economic downturn? we are seeingnow a lot

i am vonnie quinn in new york.nda: i am amanda lange in toronto. -- sales rosers 15% in 2019, slower than the 22% pace of 2018. the stock has been on a bit of a roller coaster thanks to those numbers but it is on pace to finish the week higher. i sat down with ruth porat. we talked about how alphabet split its advertising revenue into three buckets for the first time. been i often say we have on a journey and we have been expanding this closure over time. whether it was providing more insight into what is our geographic breakdown, are one-time run rates. we have looked at a number of changes. our view is this is helpful. we took our sites revenue and broke it into what is search and youtube. that gave everyone a slightly the trendsght into in the business. similarly i think providing the revenue for cloud, we have been investing heavily in the cloud business. really excited. we ended the year with a $10 billion run rate. we have an extra new leader it was up here this past week -- extraordinary leader who was up he

vonnie: live from new york, i'm vonnie quinn. this is "bloomberg markets."depot has rebounded from a string of disappointing results, the largest home improvement chains reported results that beat estimates. their stores did better than expected and now the company is forecasting sales growth of up to 4% this year. quarterly earnings were better than expected. there ceo says the results were not as good as the company intended, but they were helped by a strong holiday season. iphone sales in china plummeted last month. this month's numbers are likely to be worse because of the coronavirus outbreak. apple has reopened nearly 30 of the 42 stores it had closed in mainland china because of the virus. that is your latest bloomberg business flash. let's check the 10 year yield. we are within a basis point of the all-time low. now trading at 132.88. we were just below that a moment ago. low.0 is the all-time the market really clustering around that particularly -- particular yield right now. here in europe, the markets have certainly taken a hit. the ftse 100 now d

this is bloomberg. ♪ ♪ york, i ame from new vonnie quinn.i'm guy johnson, this is the european close. let's catch up with first word news, -- >> president trump is blaming the news media over the coronavirus outbreak, tweeting that they are making the epidemic look as bad as possible. there will be a news conference at 6:00 p.m., the day after the government health officials have warned that -- and the data shows that china is still struggling to get back to work due to the virus outbreak. government controls imposed and the fear of going outside have curtailed spending, many factories are not working at full capacity. according to bloomberg economics, chinese economy -- china's economy was running at no more than 60% capacity last week. the violence in new delhi is the worst in three decades, hindu groups attacked protesters who mostly muslim. at least 22 people have been killed, the protesters were demonstrating against the new religion based immigration law. congress is moving to overhaul u.s. surveillance powers for the first time in yea

brian quinn reports. brian: bernie sanders, out in front of the democratic presidential field. the progressive vermont senator claiming victory as voters cast their ballots in the democratic party primary tuesday. sanders: this victory here is the beginning of the end for donald trump. narrowsanders with a lead over moderate small-town mayor pete buttigieg, a welcome result after chaotic iowa caucuses saw t the candidates ad neck in a b botched vote tally.. buttigieg tried to maintain his momentum, fired up supporters as results rolled in. buttigieg: the campaign has shown we are here to stay. brian: coming in third place with a surprisingly strong finish -- senator amy klobuchar .f minnesota klobuchar acknowledging that her campaign had beaten the odds. sen. klobuchar: we have been steady. we have been strong. and we have never quit. we defined the word grit. downfield,her tightens each one seen as front runner. senator r elizabeth warren of neighboring massachusetts hope for a strong showing. her fourth-place showing reflected aher fourth-place shog reflected a steep drop in

. >> quinn: brooke, i don't wanna go to war with you. >> brooke: well, you should've thought of that before you installed your cheap trick of a bestie, shauna, into eric's guesthouse and then aimed her at my husband. >> quinn: you can't take any responsibility for yourself. i'm not the reason that ridge was attracted to shauna. you are. us

one is no quinn, the current internal -- noel quinn, the current chief executive internally.o feel the position because it is a hard position? what is the concern about the interim chief executive? harry: it is a very difficult job. there is a lot of restructuring to do, there are job losses, and a lot of decisions about where to focus resources. whoever you are bringing in has to have different skills to do the job. someone coming from outside may look at all of that and say this is such a mess, i don't want to be involved in this. equally, having someone internally coming in, they are so much of part of the current they have difficulty doing what needs to be done. francine: why is it such a mess? extremelyrge bank, reliant on hong kong where we saw protests and now coronavirus. harry: they are extremely reliant on hong kong. and for many decades they were trying to diversify away from hong kong. what seems to have happened is that they are even more reliant on hong kong in recent years and the diversification strategy has not worked, and now they face a strategic cross suit

vonnie: from new york, i'm vonnie quinn.is the european close on "bloomberg markets." we are speaking with david page of axa. want to come back to the boeing news we had a few moments ago about a new software flaw being found. this coming out from the faa. but mainly, robert kaplan mentioned boeing, and said that economic growth might be 0.4% higher if it weren't for the boeing problem. we still don't know, and won't know for some time, what the impact of the coronavirus is. how concerned does that make you given that kaplan is a voting number this year? david: the boeing problem is something we have been aware of for some time. it is sort of encouraging to think that the fed is considering it along the same sort of magnitude. that is part of our forecast. we expect u.s. growth to slow this year to 1.6%, which is around trend. it is a little slower than the consensus. that story is pretty well digested and has given us a pretty clear theory of what it is going to do. as to where it goes, if we see it contained within china,

live from london, i'm guy johnson, with vonnie quinn in new york. to thecounting you down european close on "bloomberg markets." ♪ vonnie: the death toll continues to rise from the coronavirus. the rate is slower, but it doesn't mean that people are not continuously afraid that it is going to re-accelerate. that being said, and even with some of the corporate warnings we are getting, we have stocks higher again today. the nasdaq is up 0.8%. we are also seeing a little to no change in treasuries. the 10 year yield at 1.56%. the dollar index continues to strengthen, and crude oil is above $53. guy: we are seeing dollar strength beginning to ease a little bit right now, but you still got the dollar up against the turkish lira. the turkish central bank cutting rates again. still, the pressure is building on the lira. euro-dollar flat to negative right now. we are still below $1.08. how low does the single currency go? european stocks not at session highs, but fairly close to them .oday vonnie: we begin with the latest on the coronavirus as china makes m

been retitled by wb to "harley quinn: birds of prey" in the wake of its low box office opening.thers were more pessimistic. mark cassidy said... 0ver over the last few days storm ciara has been dominating the tabloid front pages and many people'ssocial media feeds. now it is time for storm dennis. brace yourself, was the headline in the daily star today warning readers of a second weekend of dangerous weather. storm dennis, or dennis the menace as the tabloid dubs it, is on its way apart. melissa writes... andy says... number one is the news that bernie sanders has won the latest, second stage of the democrats contest to ta ke stage of the democrats contest to take on president trump in the us presidential elections. number two is the coronavirus, and that wonderful photograph of the mice on the london underground is number three. going down to most watched, i won't tell you too much about it because we are about to talk about the story, but it is a story about how mattresses could solve hunger. if you are wondering how on earth that could be, let's find out more about the team

but w ticket websites and eibitors can also use the much shorter title harley quinn birds of performancethe academy awards of his oscar-winng song lose yourself has paid off in sales, according to the hollywood reporter initial numbers from nieln music and mrc data show ,000 downloads of lose yourself on oscar sunday nearly 2000% higher oscar nominated songs all performed on the awards show also saw increased sas led by the cynthia erivo track stand up from >>brian johnson is oking for actors on the oscars red carpet the filmmaker told variety that his knives out sequel will feature danie craig returning as detective ben wa blog but since he'll be on a new case it will be a he could tow a rock on the ked oscars red carpet and hit someone he was in the movie point taken but probably a ad idea in hollywood, i'm david and. >>we like to take a little peek outside and check in on conditions around the bay area little peek of the bay bridge toll plaza minor crowding expected in the cash les right now it says 61 degrees in oakland off to check with in san francisco, 41 in novo 9 57 in fremont s

quinn says it was not enough, so he launched quinn's hot cocoa for a cure and started selling it around county. in the past four years, he has raised one $60,000 enough to get emma into a clinical trial. >> it is really remarkable. to note that emma is in a trial. she might be in another child. just has so much impact for so many families, including hours. so proud. >> oh, the family's goal is to get, though, stands set up in other parts of the country. >>> 6:25 are. in the nexthalf hour onkp5 and streaming on cbsn bay area, barricades are up and emotions are running high. coming up, the final good-bye for liquor store kobe bryant. >>> we moved to foster city now where a ginormous pantry crashed onto this this fish sandwich is amazing! let's make it more amazing! ♪ menutaur check it out with an extra filet! yeah! hey. ahhhh! my $4 fish sandwich combo! stack it up for an extra buck. which of your devices are protected by daily security updates? daily security updates... daily? i don't know. the only thing... i'm struggling with this. some providers you have to manually download updates t

kind of through the eyes of harley quinn so we saw her in "suicide squad.mean, do you -- how do you know how to do this type of stuff like -- you're -- some great action fight scenes are crazy. >> the action is insane. yeah, a lot of training. >> jimmy: you fight someone while going down a slide >> yes [ laughter ] it's the best thing. >> jimmy: how do you even practice that? i mean, what >> it was insane it was quite difficult to shoot. because the camera guy had to be going down with us. so we'd get shot out at the end of the slide after every take, literally fly out of it. >> jimmy: and land on the camera guy >> landed in - >> jimmy: and go, "hey, guys." >> yeah, yeah. it was dangerous but it was exhilarating. it was fun >> jimmy: really >> yeah. >> jimmy: i love that you just went for it and just like, "yeah, this is perfect." >> it's great. >> jimmy: what's the name of your character again >> i play the huntress >> jimmy: yes, come on i mean, how cool is that - >> so cool >> jimmy: to be in a big dc -- a big comic book movie >> it's exciting, yeah >> j

he has been in talks about the position quinn remains a contender to stay in the role permanently he said, he did not want to be a, quote, caretaker leader hsbc up about the flat line but interesting share price reaction there. >> it has been a busy couple of weeks in the c suite at europe's major banks. the man named to replace the helm at the swiss bank after thiam stood down following the spying scandal so many management changes for european banking sector. just to talk a little more about the hsbc story this emerged in the last 24 hours one of the two front runners. it is surprising pledging to shed it would be very strange that noel quinn comes out with such an ambitious plan only to be replaced by another ceo from another bank the restructuring we announced the share reaction perhaps quite telling. they've been driving the turn around in unicredit. he's driven structure there and really turned things around. this would be a huge benefit should he continue to do things there. for the unicredit side, this would be a blow. in the case yesterday, we will be talking about this. fro

quinn not been appointed full-time ceo?elling us that you need another 6-12 months before you can make a decision? --t is the pre-verification what is the hesitation? ewen: we have been very clear that there is action that we need to take a head of that and what you see -- ahead of that and what you see today is us restructuring and cutting costs and simplifying the organization. we are getting back to a place in three years time where we think the bank should be in terms of returns. those actions need to be done independently of the ceo process. nejra: you were taking those actions now and you say they are happening independently of the ceo process. does that mean that investors can rest assured that the strategy will remain the same? ewen: everything we announce today is no regrets. everyone looking at this will see that these are sensible actions and necessary actions given the economic outlook we are facing. manus: one of the most interesting comments i read from andof your shareholders -- capitulum.om the pitc hsbc sho

this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. london, i'm guy johnson. this is the european close on bloomberg markets. the south african president will deliver his state of the union address in cape town in around 10 minutes. investors want an update on the government's efforts to turn around the economy and how much progress is being made to deal with the state utility struggling to keep the lights on. joining us with his view is colin coleman, who previously ran goldman sachs operation in south africa. he now teaches at yale. a keep doing cash can cyril ramaphosa keep doing what he is doing or doing out need to see a major shift in the approach to dealing with the south african economy? sophie: he needs to keep doing what he is doing, but there is a new sense of urgency i pickup from the people at the top levels of the government that should be reflected by what we hear from the president. i believe there are some cornerstones of that. one is the need to get growth up. we have been below the average growth rate over the last 2