morgan >> seema moody, thank you for that update. medical tech company beckton dickinson ramping up efforts to test for the coronavirus joining us is -- on the phone line is ceo tom polen. thanks for being with us today >> thanks for having me. >> so you're working on several different tests with several different companies as well. i think first let's start with the work you're doing with biomedomics on a test to detect current or past exposure to the coronavirus within minutes and could be used in doctors offices and other settings tell us a little bit start to r and be used on potential patients >> sure. so we have two -- a whole portfolio that we're watching. the first is to help diagnose coronavirus and that we're shipping today and the second is that we'll begin shipping this week the test that you mentioned. it's a simple finger stick, drop of blood on to the test strip and in 15 minutes determine whether or not a patient has built immunity to the virus and therefore no longer as susceptible to infection and risk so still to b

seema moody has the breakdown. seema? >> hey, jon.markets higher for the fourth consecutive day even as more companies full pull their financial forecasts. the spirits maker and the german software company for the weeks european stocks higher by around 7% led by sectors that got beaten down in the month of march travel and leisure staging a major rebound. accord, easy jet, intercontinental hotels and others up more than 40% this week cinema chain cineworld up 125% this week. that comes as european hotel occupancy continues to plunge due to the travel restrictions and more people staying at home. take a look at italy's numbers down 94% for the week ending april 4th. earnings season kicks off next week across the world. in europe we're expecting profits to decline by 16% in the first quarter to a 7.5% drop we're anticipating in the u.s. european finance ministers are set to reconvene by teleconference this evening at 5:00 p.m. brussels time for what o eurasia will be a discussion to game out a collective fiscal response to the coronavir

. >>> welcome back european markets set to close in a moment seema moody has the breakdown of the action overseas. seema? >> and morgan, particularly strong session in asia and it's exactly what we're seeing in europe as well stocks there sharply higher across the board as more countries unveil their framework around reopening their economies while overlooking two data points that came out this morning. a 0.7% decline in eurozone inflation and car sales in europe tumbling 50%. italy seeings the biggest drop of 85% the auto stocks, though, are higher in today's trade with bmw leading the charge up around 5%. luxury retail among the best performing groups across europe right now. the collective focus turning to lvmh's xhentz on a recovery in china taking hold as the revenue picture starts to improve on the mainland slowly. while the stay at home plays that have worked over the past month so look at hello fresh, the meal kit company and the remote software working company team, both of those stocks are trading lower at this moment germany will start to reopen its economy, denmark will allow

. >>> welcome back expedia announcing big changes this morning and our seema moody is tracking the latest seema? >> morgan, that's right. expedia raising $2 billion in debt and $1.2 billion from silver lake partners and apollo group. those two private equity firms will get a seat on expedia's board. in addition to that a major leadership change. peter concern, vice chairman, appointed ceo of expedia kern alongside barry diller have been running day-to-day operations since the former ceo and cfo were ousted in december. the key focus will be what role private equity plays here in turning around the struggling online traveling operator along with many travel companies are facing a number of challenges due to the fallout of the coronavirus epidemic one other focus whether m&a will be part of the strategy private equity plays with expedia. it's a playbook that company has used in the past five years, acquiring brands like or bits, travelocity and home away for over $3.8 billion back in 2015 that's the home renl platform that directly competes with airbnb these are two private equity firms tha

week to date and it's only tuesday european markets meantime are set to close in just a moment and seema moody has the breakdown. seema? >> morgan, stocks in europe continue to get relief even though there was a slight uptick in the death toll for spain and france we're seeing gains of around 2% across the board, led by germany. since the march lows, global markets have outperformed. europe is up about 21% since it put in its lows but many strategists from jp morgan writing that the bottom is yet to be put in for europe. in regard to stimulus, europe's finance ministers to debate a half a trillion euro worth of economic aid and whether that will be enough to support the 19 european nation bloc in the meantime we're seeing more european companies suspend their dividend today sin naworld, updating investors, cutting its dividend and salary deferral for executive directors and that stock up over 40%. over 100 companies in europe have cut or suspended their dividend, much more than we've seen in the u.s. so far. jon and carl, back to you. >> all right seema, thank you very much. >>> dow is up abou

european markets are set to close in just a moment as well seema moody has the breakdown overseas seemaorgan, european markets turning mostly higher here into the close emboldened by the slowdown in new covid-19 cases germany getting attention, cautioning losing restrictions including reopening some shops this week as long as they implement social distancing and wearing masks. schools will reopen may 3rd only for older groups that have exams this year. restaurants and large events ruled out until the end of august jpmorgan notes it's challenging to assess the impact on the economy. key question, while also kickstarting supply chains specifically in the automotive industry which we know is so important to germany's growth picture. china's it first quarter gdp out tomorrow morning and that will provide a reality check for companies that rely on chinese demand analysts expecting a year on year decline in chinese gdp and the range of negative 6 to 9% which will be historic in nature carl, over to you. >> interesting that's what happens when countries are run by engineers and chem lists than

visit listenlively.com >>> welcome back european markets are set to close in just a moment and seema moody has the breakdown overseas >> the reaction to the plunge in oil prices follows three consecutive days of gains. sitting on a 3 to 4% decline for the european oil giants but all of the names worth noting averaging a loss of 40% for the year yields headed lower, financials under pressure again and that does include insurance giant swiss rate sitting at the bottom gradually ease their lockdown measures td security says transportation in key cities are -- at least by cars. we see big reversals in oslo, copenhagen and stock home from their lows and follows a decrease in air and road traffic resulting in a decline in fuel consumption and this is the type of alternative data that economists will be tracking as europe tends to gradually get back to normal life. jo jon, back to you. >> let's get the latest on the coronavirus outbreak and efforts to battle it s sue herera that ha that for us. >> within the last 30 minutes a major milestone confirmed cases of coronavirus worldwide have topped 2.

european markets are set to close in just a moment seema moody has the breakdown from overseas. >> morgan, european markets with the exception of italy and spain turning higher on date oil producers in europe, though, one of the worst performing sectors, bp and total down more than 1% as several countries move ahead with reopening their economies this week. germany revising some of its quarantine restrictions allowing a number of businesses from car dealers to electronic retailers to turn the lights on as long as they exercise social distancing measures some will remain closed for another week and making face masks mandatory. chancellor merkel saying that country cannot loosen the lockdown too fast and risk a spike in cases and germany is looking into further steps to help the economy including measures to help restaurants and potentially extending the short time work scheme it comes as a report from consulting firm mckenzie estimates roughly 59 million jobs could be impacted bythe economic fallout of the pandemic they see unemployment could almost double in the coming months unemployment

. >>> european markets are set to close in just a couple moments seema moody has that breakdown. >> jon, the stimulus measures from the bank of japan providing a lift to european stocks, higher around 2% across the board, trading near the highs for april. one standout, deutsch bank up 12% today after reporting preliminary first-quarter results that included a surprise profit though of it a big drop from its year ago results. the bank said it may miss its capital requirement targets due to extending more credit during the coronavirus crisis it is worth noting even with today's pop the bank is down about 70% over the past one year as covid-19 cases continue to decline in italy, small shops are starting to reopen pizzerias for takeout and the prime minister says the lockdown in the country would begin to lift on may 4th, one week from now as we await more details the european central bank meeting will get under way on thursday where it's expected to maintain its ultra loose policy and underscoring whatever the takes approach the question whether the central bank will explore buying up risk

. >>> coming up on 11:30 on the east coast let's get the european close with seema moody. >> stocks in europe losing a bit of steam into the close following two days days of losses here. at the top is british energy giant john wood group. a notable group for energy producers following news that russia and saudi arabia could cut production and manufacturers and industrial operators of hershey equipment, cnh, industrial, among others are trading higher at this hour. goldman sachs still says there could be more pain ahead for european stocks, economists there estimating a 45% decline in profits for european companies in 2020 versus the 30% decline they're estimating here in the u.s even on valuation, goldman points out europe is trading around 12 times forward looking earnings, no the as low as europe traded during the sovereign debt crisis when stocks traded 7 to 8 times earnings something to take into ekts kayla tausc -- account as stocks close higher there. >> thank you. >>> the latest on the coronavirus outbreak frank has those head lines back at hq. >> hi there, morgan. here's the la

seema? >> kelly, that's right both credit rating agencies moody's and s&p downgrading carnival's credit ratingo one notch above junk level status this as the largest cruise line operator, carnival is going to the bond market with this $3 to $4 billion bond market offering. a coupon that i'm being told is 12 to 13%, which trades right in line with some of the other high-yield junk credit that is currently on the market. it comes as the cruise industry has suspended sailings until mid-may, in some cases, until the end of the year, depending on what line at the same time, we're watching these two holland american cruise ships, kelly, headed towards florida, unclear whether they'll get entry or access to the ports in florida yesterday, president trump referencing those two ships, that he will be having a conversation with the governor of florida to get those ships access to those ports, so those passengers can disembark certainly a lot of pressure when you look at shares of carnival, now down as much as 18%, trading at the lows of the day, and a year-to-date chart will show you it's down 80%. >> y