the director noted the tests were conducted in the cities of wuhan and shenzhen and involved 240 patients and 80 patients respectively. he said those who o were given e medicine in shenzhen tested negative for the virus after four days after becoming positive while it took a median of 11 days for those w without t drdrug to recover. the trial also found x-ray photos confirmed improvements in lung conditions in about 91% of patients who took the medicine. the numbers s stood at 62% for those who didn't take ththe dru. the director said d the drug is safe and formally recocommendedt as a a way to talele the virusu. >>> nsk nrveg has learned japan is looking to expand entry restrictions to include travelers from coronavirus hot spots in europe. the new rules would bar entry to foreign nationals who recently visited parts of spain, italy, and switzerland as well as all of iceland. japan already restricts entry to foreigners who recently stayed in some parts of china, south korea, italy and iran. sources tell nhk the measures will be authorized shortly. the number of those confirmed with the v

although we don't see any better performance on the day shenzhen down. 10-year government bond yields, we are talking about that around the world. china's fell to its 18-year low. as they are talking about zero annual growth for the first quarter for china this year. we'll see how things go. tomorrow, we'll be talking about it on monday china's january and february trade data will hit the wires. we are watching what kind of surprise there will be because of covid-19. as we started dealing with covid-19, there were a lot of surprises to the down turn reuters was talking about 14% of drop and 15% decline when it comes to imports we'll see what kind of numbers we'll get and what kind of market reaction on monday as well it is interesting in terms of an update, hubei province, they are saying if things improve things will ease that day may not be far off. certainly looking like china, just when the rest of the world is dealing with the negative impact or the fears is now talking about getting back to normalcy at this point >> thank you for bringing us the latest out of chinese equity mark

a successful european response can only be coordinated if our internal markets and our shenzhen area work the way it should -- a crisis without borders cannot be resolved by putting barriers between us. , this is exactly the first reflects that many european countries have. this simply makes no sense. single there is not one member state that can meet its own needs when it comes to vital medical supplies and equipment. not one. the free movement of goods and services is therefore our strongest and, frankly, our only supplies can go where they are needed most. it makes no sense that some countries unilaterally decided , andop exports to others this is why the commission intervene when a number of countries block exports of protective equipment to italy. it is why we issued guidelines for border measures to protect health and key goods and essential services available. it is why we are calling for a priority green lane for transport of goods. these will ensure that crossing the border takes no more than 15 minutes, and they will help ensure that goods and supplies can go where they are

shenzhen looking pretty good.acrossate of other markets as thailand opens up and india, as well. there's more ahead. bloomberg. haslinda: it's almost 11:00 in in mumbai.8:30 dig deep to fight the virus. u.s. plans to top a trillion dollars as president trump orders his staff to go big. aslinda: markets are mixed traders weigh the effectiveness of the plans. and yenures fall strengthens, bond yields strike selloff.y yvonne: quinn takes the reins at hsbc. we'll assess the challenges he faces. bloomberg asia.s haslinda: markets are mixed and that's a positive in itself. no red across the board and that's a relief. the surge on wall street overnight giving reprieve optimism that trump's one trillion dollar plan will give americans. mnuchin says americans want cash. they're getting cash. japan, nikkei up 1.7%. electronics and chemicals boost. a b.o.k. stepping in to defend the yuan. massive foreign selling of local equities recently, trying to stop that. recovering some losses after slumping to the lowest since 2003. w

share prices in shenzhen surged by 3.8% and shanghai also rose by 3.1%.enchmark in sydney ended 0.8% lower, marking seven straight days of losses. >>> the coronavirus outbreak is also casting a deep shadow on consumer sentiment in japan. sales at major department stores and auto dealerships both dropped sharply in february. four out of five major department stores saw double-digit declines. sales at j. front retailing which operates two chains were down 18%. bothth hahankyu hannshin and is mitsukoshi holdings saw a klein of 15%. they say it won't improve unless concerns about the outbreak are eased. major outlets plan to close on selected days or shorten business hours to prevent the virus from spreading further. auto industry groups say domestic new vehicle sales last month were down 10.2% from a year earlier. that's the fifth straight monthly decline since october, when the consumption tax went up from 8% to 10%. major automakers have beenn releasing popular models since mid-february, but industry officials say fewer customers are visiting dealerships d

the drug avigan was found to be effective in clinical trials conducted in the cities of wuhan and shenzhen. the director of china's national center for biotechnology development says patients who are given the medicine tested negative for the virus after four days on average. while it took 11 days on average before people who were not given the drug to test negative. meanwhile, japanese researchers say a drug that has been used to treat acute pancreatitis for 30 years may also be effective against coronavirus. the team led by university of tokyo professor junichiro inoue says lab tests show that the drug nafamostat mesylate may be able to block the virus from entering human cells and proliferating. the researchers say they'll start clinical tests of the drug on coronavirus patients later this month at the earliest. >>> the coronavirus pandemic is also having a dramatic impact on the performing arts. across the globe, opera houses, theaters and concert halls are shuttering. similar measures have already been taken across japan and as our next story shows, the situation is creating a sense o

it is interesting to point out that mainland chinese markets like shanghai and shenzhen, they are notuch, because the situation there seems to have stabilised. but elsewhere, japan's mckay was at one point down by as much as 10% —— japan's nikkei. the strong japanese yen are seen as a safe haven currency at a time like this and it doesn't help exporters especially, but also shares in south korea, australia and hong kong are all down. the dow jones australia and hong kong are all down. the dowjones industrial average having its worst day since that market crash in 1987. president trump, of course, has based so much of his appeal to voters on his command of the economy, as he sees it. it does seem, though, that his speech has had a pretty catastrophic effect. i saw one person described it as the most expensive speech in history. india, and when you listen to traders on the new york stock exchange, they have been saying that they have been waiting for clear guidance, clear leadership, from the us president, which they have yet to get. and that's why we continue to see that sharp sell—off

these markets are seeing love this morning shenzhen and hang seng seeing some love. the insurer names performing well overnight. let me take you to the european markets. it is a completely different picture. a lot of red on the board. starting with the ftse 100 in the uk, being led by minors. we are also seeing pressure from the oil names with a lot of focus on that opec meeting that has been putting some pressure on the uk index also some not helpful commentary out of the bank of england who seemed to be hesitate on the cut. so not helpful especially after that fed cut we had trading on that back cut. airlines getting hit the international airline association has forecast the growth getting a lot of hit you can see all of the other indices trading as well. we are not out of the woods yet. in this week, indices are trading. >> we'll pick up on that opec conversation right now members and allies are descending on austria. the group moving closer to a cut of at least one million per day. leading to the lowest levels in years amid the outbreak. our own dan murphy joins

the shanghai almost breaking even and the shenzhen down close to 6%. looking to the early trade had it is one of the most ugly trading days a heavy day for the week we are seeingdown grades as well. negative .3% a lot of the sectors are exposed to the consumption and airlines industry air france where this is the picture down 4.3% in france. iag there. north of 4.5 percentage points this is mirroring the price action and the damage is continuing there is a lot of fear where we haven't had any response yet so expectations are high in terms of the response we can get after the cut this week. back to you guys see what we can do to this picture. turning back to the u.s. markets now. futures indicating what could be or should be a block the nasdaq off 236 points. now global chief strategists also a cnbc contributor. gina, we'll start with you what has stood out to you drop in stocks. what is going on >> one of the reasons you are not seeing a bottom is due to screaming buys i think that is a whole story in it self-outside of that the markets were really top

the president clarifying that the 30 day ban only applies to some foreigners traveling from the shenzhen area of europe where passports are needed and that it doesn't actually apply to goods and cargo as trying to state it now other exempt. include american citizens and permanent residents travel from non european union countries in europe will also continue what do you think of this being so confusing. well. mentally incompetent this honestly we might as well just have a ship 2 up there on the desk barking at us you get as much information there's no reason you should trust anything that comes out of his face because the actual officials and scientists have to run forward and go yeah don't listen to any of that here is the reality of it i mean when i was meeting with the c.d.c. he asked them if people should get multiple flu shots and they were like no what are you out of your mind this isn't the flu this is something completely different i mean so he is especially incompetent but really if you get at the heart of the matter this entire you know our entire multimillionaire to billionair

technology companies need to do more to support businesses whether they are based in silicon valley, shenzhen or here in europe? >> i'm impressed with the speed technology companies are bringing new solutions as i said before, business as usual won't get us there what i'm finding is that particularly in terms of delivering support takeup has been fantastic we are reaching out to entrepreneurship in asia, is stan bull and finalizing one in lebanon. the digital platform will be the way. actually for individual citizens that want to build livelihoods one of the first initiatives brought in to the icc. that is enabling us to operate virtually with the support of a digital platform it is encouraging how players are standing up. we need governments to shift their frameworks this constant refrain that we'll get there in the end to support the environment. it is not good enough. we need to actually push this harder right now that is one of the aims in our initiatives. we launched with the trade ministers. what we are doing today with our sme campaign >> you mentioned some of the difficulties with eme

property names and steel makers as well when we talk about some infrastructure names, especially in the shenzhen area, they were limit up chinese currency ending the day at a three-week high against the greenback popping by close to 3.5% against the greenback as well in the meantime, as we are seeing the markets betting on, of course, this big pickup in economic activity down the road and stimulus hopes out there, there are, of course, the voices talking about how china goes back to, you know, factories, their offices, there could be pickup in confirmed coronavirus cases as well. something we need to bear in mind, on top of that, of course, the spillover effect in the regional economy as well as the global one in the meantime, i do want to talk about hong kong specific story over the last hour or so january retail sales numbers while continuing to contract down 21.4% of course, this is a city that is not seeing a lot of shopping because -- well, not just about coronavirus but also because of the months long anti-government protests and the month of february could actually see some worse numbers

the travel ban applies to 26 european nations in the shenzhen area, a zone without border controls. the uk is not included in the ban, although there has been cases of the coronavirus there. according to the department of homeland security, the ban applies to foreign nationals who have been in those countries. the ban does not apply to u.s. green card holders or u.s. citizens. >> taking the early, intense action, we have seen dramatically fewer cases of the virus in the united states that are now present in europe. the european union failed to take the same precautions and restrict travel from china and other hot spots. as a result with, a large numbe new clusters in the united states were seated by travelers from europe to keep new cases from entering our shores. we will be suspending all travel from europe to the united states for the next 30 days. the new rules will go into effect friday at midnight. with our allies and we are marshalling the full power of the federal government and the private sectors to protect the american people. this is the most aggressive and comprehensive

let's talk about your work there, because you studied a group of covid-19 cases in shenzhen, china. your team found most people who decided had been sick for longer than 30 days. what does that tell you? what should that inform all of us about where we stand this morning? >> well i think it's an important caution about how the burden will be on the health care system as this progresses. you know, it was only three people in our particular study, but a lot of people elsewhere in china have died and lingered on for similar amounts of time, and if we have those people in the hospital, not to mention all the people who hopefully recover in the hospital, it's a huge burden on the health care system. >> do you have the basic machines, et cetera, breathing machines here to take care of them? i want to ask about the 80% of cases that have been described as mild, because this is something folks at home, we keep hearing that listen, for the vast majority of the people, it will be very mild expression of the disease, symptoms, et cetera, but looking at the chinese data, some of those 80% or pe

today germany closed its borders with several of its neighbors in the shenzhen region, borders betweenin and portugal will be closed by the end of today. both spain and italy on nationwide lockdowns. italy has now nearly 25,000 confirmed cases of coronavirus. melissa bell is in rome, journalist al goodman in madrid. al, let me begin with you. just closed the borders there. what does that mean for people in terms of coming home? >> reporter: well, the people have already been told to stay home so there is some traffic between the spanish and portuguese border. one of the country is not crossing that border. it's a small part of the country. i am right now in the center of the city, and you can see this lockdown order makes this place empty. this is the metro station over here. metro ridership is down 75% today from a week ago at this time. now, you can go to work under this emergency order, but so many of the small businesses here around port delsol and financial center of madrid are working from home. most of the stores and restaurants are closed including this one that sells spanish f

american people and mexican people for those traveling into places we have the destination, from the shenzhen zone from china so they're not coming into mexico and coming into the united states. i'm confident we will do that and make that announcement shortly together. >> as we implement the cdc's order, again, we're going to take a number of individuals across the border illegally and repatriate them and move them quickly back to mexico, back to the northern triangle or any other country. we will continue to work with mexico to make sure the mexican nationals go back as well as other populations. >> what about guatemala infected in cuba, what about the third companies that are not mexican? >> we're doing all of the job. individuals back to mexico, individuals back to northern triangle countries, cuba, haiti. we have 122 different nations we see, nationalities that come across that border. we will be sending them back individually to their countries but also working with mexico to send additional populations back there as well. >> you need to put it -- before you said non-mexicans going to me

. >> we are going to assemble the shoes in shenzhen, china, southern china, and that had a two-week delay. essentially, that's it. so really no material impact. who knows what happens from here. it looks like things are still uncertain in developed economies as well now. liz: i asked about italy. you are near milan. that is a worrisome hot spot. what are you seeing in italy? >> you know, i think it's just -- it's not good. clearly all the stories coming out of there are not good. but i just don't think we know enough at the moment. our approach is just to be very very patient. we are communicating often with our team. liz: but as legions of workers are told with jpmorgan just hitting the tape to work from home, particularly if they're sick, american well is a company at the forefront of telemedicine's emerging role amid the deadly outbreak. american well co-ceo and president dr. roy schoenberg joins me live in a fox business exclusive. tell me what role your company is playing? how does it work? >> thank you for having me, liz. telehealth, telemedicine, our technology allows people to use

it is not as big an issue as the closing of the borders within the shenzhen area. that's not happening the past several decades. germany closed its borders to five different countries. spain has closed its land borders to all of its neighbors. that is something that is going to really challenge the economy and challenge that european union experiment that has been going on for so long, that so many people in this continent had been so hopeful about. it is testing a lot of the european sensibilities we've seen before. >> matt bradley in the near empty streets of rome for us this morning. save that one horn player over your shoulder. thank you very much. >>> joe, a lot of americans watching our show this morning are wondering if what we see in the streets of rome today are coming to the streets of new york, chicago, los angeles in the next few days or weeks. >> i would guess it would be. certainly, if we want to limit the spread of this virus so we don't end up like italy, it most likely needs to be. i'm reading gene robinson's column about life with the coronavirus.

shenzhen still seeing gains of .75%. hong kong, the hang seng is up about 1%. their b recorn retail sales, the data coming out today. seems like for now the data from china is helping support these markets today. you have talks in the u.s. about vaccines, potential vaccines and more testing kits helping. europe is also turning a bit of a corner according to the w.h.o., so there is a sense that things are turning the corner pandemic.mes to the but here in china, of course, we were talking about how there is now this whole accounting of these asymptomatic cases which could be a worrying sign if we see a spike in these cases the next couple of days or so. we have not seen that today in point.umbers, at this a broad market's, it is very much a dollar story, gaining for a second day. oil prices have stabilized, that has helped. we are still seeing the worst quarter on record for crude, you could say that for a lot of these markets as well. india certainly is one of those. philippines is still the worst performer in the region or set to be as recounted down to the en

shenzhen seeing gains of 1%.estors have cooled off a get -- a bit when it comes to trading at turnover that actually has more than half from what we saw from february peak as activity starts to slow. it seems like we are getting a bit of exhaustion here in this rally we have seen of late. plenty more to come. open.t down to the indian we are expecting the r.b.i. governor to address the media pretty soon. this is bloomberg. ♪ yvonne: let's bring your pictures out of canberra right now. scott morrison speaking with the media, after meeting with the banknal cabinet, that the will be changing behavior due to the virus and saying australia has the world's highest coronavirus test rate. it seems like they are testing more people, but they mention the country is really battling crises on two fronts, not just the health, but also economic. we will focus on that a little later on, but it is the latest coming from the prime minister of australia. let's get first word news with karina mitchell in new york. reporter: for the

market coverage continues as we look forward to the start of trade in hong kong, shanghai, and shenzhen more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's... ...simple, easy, awesome. [ barking ] >> it is not :00 a.m. in singapore, beijing and shanghai. we are coming down to the opening of trade in hong kong purity china is to publish new data on people with the virus but new symptoms. it follows domestic and international criticism of the leg beijing has reported the crisis. japan -- the economy seems to be surviving. last months of retail sales and factory output beat estimate.

and the shenzhen price benchmark looking pretty decent here today. holding pretty steady right now.some key data like production coming up later this week. plenty more to come. this is bloomberg. ♪ in singapore, we are in the middle of the trading day. up by 3%. imf has been urging financial institution to adopt distancing after singapore reported its highs increase in a day. in the philippines some breaking news. the philippines to cut the bank reserve ratio by 200 basis points according to the central bank governor. remember that he provided a lifeline -- of $5 billion just last evening. the philippines joining measures out there by some banks to prop up their economies. now let's get the first word headlines with sue canno keenan. su: the latest on the coronavirus continuing to infect people around the world. there are some signs of hope. the lombardy region around milan has reported a slowing of new cases, posting a decline for the second day running. the latest virus tally from johns hopkins university and the u.s. puts global cases at 381,0 people reported150 dead. 80 nations

we expect that with the situation with no travel to the front of the shenzhen countries, be anect thatill travel -- cut to sir to travel. alix: breaking news from the german finance minister, speaking at a press conference from berlin. he said that germany will spend billions to cushion the economy and will put no limit on a credit program to help companies. no limit on credit programs, will spend billions. that is a safety net for virus hit companies, and use every means nothing scary -- every means necessary to weather the crisis. he's giving a press conference in berlin and. they will spend billions to cushion the economy as it gets very serious. you can see the dax now the highs of the session. you are still seeing a pretty steep selloff across the bond market. bund yields down by 14, 15 basis points on the 10 year. you have a lot of money coming in. lows down on the 10 year. the central bank governor of italy telling bloomberg the ecb can still act in can still target certain countries, which gave a lot of relief to investors in the btp market. we will follow these headlines in th

in china isn't that big so it shouldn't have an overall negative impact on our company and then shenzhens the heart of our manufacturing side and that's really, again, with vendor partners. so we don't own any of our factories. we clearly have people in there creating products, planning products and quality control and what we're seeing is that those partners are back up and running. the factory workers are back working and then just literally an hour ago i was on the line with the hong kong team and we had had the team back in the offices as of this past weekend, there was a directive that people should now work from home again. there was a spike. and what's happening according to our team there on the ground is just as non-nationals are returning to china to get work going, they're bringing cases of the virus back with them and so they're trying to clamp that down in hong kong so that they don't have a rampant spread of the virus. so the team's working virtually again. >> hey, brian, thank you for your time today. brian goldner is the ceo of hasbro andrew. >> thanks so much, becky mean

. >> we look ahead to the start of trade in hong kong, shanghai, and shenzhen.ina open. this is bloomberg. ♪ >> it is 9:00 a.m. in beijing, shanghai and singapore. markets.o "bloomberg china open i" am yvonne man. >> i am david ingalls. -- ingles. governments vow to spend heavily to defeat the virus. the u.s. package could top $1 trillion. a leaked data indicates sharp contraction this quarter as the outbreak forces factories in china to close. candidatescratic

bloomberg markets with more markets coverage at the start of trading in hong kong, shanghai and shenzhene counting down to the open of mainland china and hong kong. morning,p stories this the coronavirus rolls on, the u.s. surpassing china and reported cases -- in reported cases. haslinda:

our coverage continues into the start of trading in hong kong, shanghai and shenzhen. ♪ >> it's 9:00 "bloomberg markets: china open." i'm shery ahn. haidi: i'm haidi stroud-watts in sydney. we are counting down to the open. our top stories. asia-pacific stocks rising. treaties are feeling -- traders are feeling optimistic about a coordinated coronavirus response. cut rates rba may in a few hours. haidi: hong kong's government tells us

our markets coverage continues as we look ahead to the start of trading in hong kong, shanghai and shenzhenpon us. this is bloomberg. ♪ good morning! oh no, here comes the neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. >> good to 1:00 a.m. in singapore, beijing, and shanghai. we are counting down to the open of trade in the chinese mainland and hong kong. i'm haslinda amin. yvonne: i'm yvonne man. president trump outlines stories on more details on the bill. jobless payments threatens to derail a senate vote. ravagevirus continues to the world,

shenzhen, for instance, a manufacturing hub, where huawei technologies is, zte, many of these other big companies, that's basically on lockdown right now. stuart: hold on. dr. siegel -- >> do you actually believe the numbers out of wuhan? >> no, of course not. i say it's getting better, people going back to work, doesn't mean it's getting better. >> wuhan probably is subsiding but the numbers severely undercount both infections and deaths. susan: well, i want to add into that because from my indications and the people that i talk to overseas, the situation is actually getting better in china. the cases are going down. i wouldn't say that it's getting worse at this point. >> certain parts of china are getting better. stuart: let me move back to doc siegel. supposing i buy something in america that was made in china. either now or some point in the future. could that product made in china exported here carry the virus? >> i don't believe so. tell you why. by the time it gets here, any virus would die. it's not 100%. if it came overnight, if something was manufactured, infected, came overn