let's go to julianna tatelbaum for a look at how the early trading in europe is shaping up. that same red and negative theme is carrying out there as well. >> it certainly is, dom. european markets are firmly in risk-off mode this morning every major region, every sector trading below the flat line. the dax, the german benchmark down 3.6%. the underperformer this morning, italy, the ftse mib down more than half a percent. this spike in cases in northern italy has prompted a series of quarantine measures from the italian authorities. school closures, university closures, business closures and airlines taking a substantial hit this morning as flight cancellations come through for the italian region investors in europe very firmly reassessing their strategy when it comes to the coronavirus implications and taking risk off the table. i want to give you a look at the sector because it's interesting to see the substantial selling really coming through. the travel and leisure sector down 3.8%. exposed cyclical sector down autos, technology, industrials also selling off quite sharpl

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines another 65 coronavirus deaths push the fatalities towards 500. hong kong shuts two cruise terminals and putting visitors from the main land into quarantine >> missing a third quarter forecast weak performance confirms the energy is right to spinoff the division >>> chip makers on top of the forecast and confirming full-year guidance saying it is too early to tell how much the virus outbreak will impact earnings. >> in the market and providing liquidity. our business is very dynamic with he can manage that which comes in the short term like that >> america's blue chips take stock. shares plunge and the carmakers warn of virus-related shutdown disney says it will take a $75 million hit. >> in shanghai, the business has been very strong it is a shame we had to shut down but this is a big concern to us as well. we have thousands of people that work for us in that area of the world. >>> good morning again, everyone we welcome. the number one story we've been keepin

matt taylor is in singapore and julianna tatelbaum in london red seems to be the color of the week so far and it stayed that way in asia? >> absolutely. we should point out things in asia were a little more contained that whan you saw on wall street. australian was down around 2.3%. things were a little more contained. we saw declines in the order of 10%. we continue to see a strengthening of the japanese yen. south korea down 1.3% ahead of a likely interest rate cut of 25 basis points china markets are weaker as well watching hong kong particularly close today. we had the budget unveiled about $15 billion u.s. dollars was the stimulus on the bulk of that, $10,000 u.s. dollars for all permanent residents. not sharing that news. some larger declines of china down back to you. >> the asian market action, what is the early trade looking like in europe. we are seeing a more negative picture as well? >> the european markets are sliding. but we have bounced off the lows of the morning the dax in germany is lower in particular baring the brunt of the selloff. airlines in sharp focus this mor

matt taylor in singapore julianna tatelbaum in london matt, we'll go to you first. >> asian markets in the red. the exception, the china markets. authorities reminding investors that country stands ready to provide liquidity. up about 0.1%. hong kong market broader we did see negativity. australia and singapore. japan, the underperformer as we continue to see the spread of the virus. that pushed the nikkei down to the close. we continue to see strengthening knocking on the door of that level. korea, this is interesting down about 1%. we were expecting korea to cut interest rates it deprives the market and left interest rates unchanged it has left more impact. it did expect to see a negative quarter. kospi down a quarter of a percent and we are expecting to see the yuan strengthening going to julianna tatelbaum, it is significantly more red there. >> indeed, dom, european markets are trading lower. the german index, the dax down about 1 d.8%. in italy, the ftse mib down nearly 2%. we have bounced off the lows hit. yesterday, we ultimately saw the euro stock close flat on the day. we are

i'll willem marx >> and i'm julianna tatelbaum. these are your headlines the stoxx 600 hits a record high rally to the top of the german market offsetting boeing delays and concerns about the coronavirus. seeing the bright side daimler shares rallied we hear from the ceo later on kansas >>> and monday claire shares resume trading after sharper numbers in china plunge 80% amid the coronavirus outbreak >>> and deutsche telecom shares surge when a judge confirms the merger between sprint and viacom the move expected to be announced today. >>> as you can see behind me, european markets have started out on strong footing. green across the board we are seeing some of these stronger gains from earlier this morning paired back. stoxx 600 trading 0.6% after hitting a record high. this comes after a modestly positive session in asia as well as a strong session inwall street yesterday, the s&p 500 and nasdaq post record highs investors are taking comfort we are seeing supportive moves in terms of equities it is not just in terms of the macrob

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines >> snider electric jumped. forecasting a 300 million euro coronavirus hit. and the ceo says the impact will be shortterm >> we see it more as this disruption >> maersk warns the virus has signature wantly warned visibility in 2020 after missing full-year forecast and higher as they allow for a strong fourth quarter. >> schweiss re sees red after a full year falls short amid rising claims of man made and natural disasters. posting a 1 billion share buy back >> air france warns coronavirus will wipe 200 million from its earnings and flight suspensions could cause a heavier impact sending shares lower >> welcome to "street signs. it is a very busy earnings day a host of major firms have warned of the impact that they will see from the coronavirus t outbreak air france, klm has warned of 200 million euro snider has warned of 300 million. and maersk the shipping company has seen fall amid the outbreak as well. a lot of warnings. >> absolutely. interesting to see sh

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines >>> european stocks go red amid coronavirus fears. beijing insisting that factories are getting back to work >> german manufacturing pmi hit a 13-month high in the private data helping to offset a slow down in services >>> unicredit shares see red as the named front runner for the top job pitching him against the current chief. >>> an all-nighter doesn't stop angela merkel's early morning. commissioner's president tells cnbc it is important to fund climate and digital policies >>> this is the reason why we are negotiating. there are many different interests that have to be convened with the budget it puts emphasis on the modern policies >> good morning. it is a very big day for your data we had pmi numbers coming out. we had the composite numbers the flash has come in at 51.6. services at 52.8 up from 52.5. manufacturing has come in much higher than expectations at 49.1 versus 47.9 in january a bit of a surprise given that some people were expecting that coron

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines >> european equities join the relief as chinese losses rebound. but risk remain as the coronavirus death toll tops more than 420 and more than 20,000 cases are confirmed. >>> bp with profit around 26%. telling us it is too early to assess the impact of the virus outbreak >> coronavirus is really driving the price down of brent, that could take 300,000 to 500,000 down that could still leave it healthy. >>> investors find fault with alphabet tesla enjoys a 20% spike with shares making their biggest one-day gain in six years. >> democratic candidates voice their outrage as results of the iowa caucus is delayed but pete buttigieg speaks out that he believes he is leading th >> tonight a> i want to take yo marketce reaction we had it is a sharp contrast from 24 hours ago. yesterday, we had steep declines in the chinese index shanghai composite up. still hasn't fully recoup rated from monday when these indices were down about 8% and moving i the right direction. liq

. >> i'm julianna tatelbaum. these are your headlines >>> china tries to go back to work as a number of major factories reopen for business, but sunday marks the worst day in the coronavirus outbreak so far. with 97 more fatalities taking a death toll to over 900 people. >>> europe follows asian equities brought down by travel and leisure stocks adds the uk says the epidemic constitutes a serious and imminent public health threat. >>> 15,000 jobs are on the line as daimler as the luxury car company looks to cut cost in a deal that could cut 4 euros. >>> annegret kramp-karrenbauer will not run after her party failed to gain the support of the conservative party. >>> here in dublin, ireland's leader tauts a ballot box revolution in the country's election >>> well, a very warm welcome to "street signs. let's kick off the show with an update on coronavirus. china's national health commission has confirmed that 97 people have died in the worst day for coronavirus-related deaths to date it brings the global death toll

[music playing] i'm julianna tatelbaum these are your headlines >> shares of credit suisse fall after thiam resigns which puts the head of the domestic business into the job. >> the french cosmetics giant posts better than expected like for like sales overshadowing the concern for the coronavirus on the market >>> nokia calls on the government to buy stakes to create viable competitors to huawei >>> and the worst monthly decline as trade tensions, brexit, and coronavirus outweigh concern on the biggest manufacturers. >>> a warm welcome to "street signs. let's get into our top story, credit suisse. tidjane thiam has quit in his resignation speech, he said he had no knowledge of the spying but added that he regrets that it happened and it should never have taken place let's run through what thiam's tenure looked like he was appointed ceo march 2015. he unveiled a large restructuring plan in a bid to shore up the bank but still reported a net-year loss plagued by a cost of a fine to justice. in 2018, the bank was back in the black posting the first profit the high-profile resignation spa

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines >>> a valentines day gift for investors. the stoxx 600 hits a record high after china surprises the market with a plan to cut tariffs on u.s. goods >>> mixed performances for u.s. banks as they contend with negative interest rates. unicredit's loss not what they expected >> we have to allege down the road and find our way back what we expect for this year, this is our guidance to maintain towards the issue. >>> nokia cheers investors as they swing to a profit in the fourth quarter but chip maker qualcomm warns about the coronavirus disrupting the phone industry >> industrial orders in germany sink in december falling over 2% ecb president says the eurozone economy are showing signs of stabilization. >>> good morning the number one story we are following. china has announced a surprise cut in tariffs on u.s. goods beijing has said thousands of goods will be cut in half effective on valentines 14 the chinese yuan has jumped to a two-week high. we have come in fr

. >> and i'm julianna tatelbaum. >> the sell-off spreads to europe u.s. officials warn a pandemic is likely as the virus spreads to switzerland >> the u.s. trezy yield on a 10-year low. >>> lufthansa takes measures offering unpaid leave and freezing hiring sending their shares lower >> peugeot gives a soft outlook. the tie up is on the right move. >> this is not a merger on the crisis mode. this is two mature companies they know the challenges ahead are very significant and will be in a better shape coming together >> as we mentioned, the dow has suffered the two-day point loss wiped 1.7 trillion off the s&p this follows the fact that u.s. authorities warn a pandemic is likely they told americans to prepare for, quote, community spread of the infection. the transport sector had its worse day. energy and tech more than 10% off recent highs tech off a record close one week ago across the major indices were much higher than average. we look at what is looking likely all three of those at the moment looking to trade down at that market open. as investors took

i'm julianna tatelbaum >> and i'm willem marx "worldwide exchange" is up next. when you move homes, you move more than just yourself. that's why xfinity has made taking your internet and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. >>> global markets in turmoil. coming off the worst day in two years as the dow plunged more than 1,000 points. the question today, can stocks stage a tuesday turn around. february 25, 2020. "worldwide exchange" begins right now. good morning welcome to the show. i'm dominic chu in today for brian sullivan wall street is waking up wit

julianna tatelbaum is in london. i remember coming to work this morning in the new york time zone, the stoxx 600 was actually higher but we've seen some slowing momentum >> exactly this morning, european markets have tried to stage a turnaround the stoxx 600, the main benchmark is now trading lower about 0.3% put this into context with the losses we saw yesterday. the pace of selling has slowed relative to yesterday. investors not quite ready to begin putting their money back into stocks here that rebound has fallen through and now they are trading lower yesterday, we saw basic resources. auto, travel and leisure trading lower. and those airlines getting hit very, very hard. this morning, stabilization coming through you can see the worst performing sectors of banks much more muted losses than we saw yesterday. at the top of the board, we saw media up 4.4% and basic resources. china trading in the green today. yes, the rebound was short lived but the losses coming through now, not quite as bad as yesterday. investors

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines the stoxx 600 hits a fresh record high as beijing reports a slowdown of new coronavirus cases. adidas signs are lower >>> and reporting an 80% jump. europe's largest mobil operator looks to complete the sprint/t-mobile merger >>> shares fly high in the merger group >>> bernie sanders leads in the democratic primary race. michael bloomberg gains ground saying he will sell his company if elected president. >>> good morning you can see a lot more green on the board food more optimism handing through the catalyst overnight was a drop in the reported number of coronavirus cases. notably yesterday after apple warned they were not going to meet revenue prices. it had knockon effects we are seein green on the board stoxx 600 up more than half a percentage stoxx 600 is performing quite nicely this morning. we'll get you back in the center of the screen shortly. stoxx 600 is up half a percentage point let's talk individual ones you can see every single one of these trad

i'm julianna tatelbaum thanks for watching. "worldwide ehae"s nt.xcng iupex >>> it is 5:00 a.m. at cnbc global headquarters. fears spread over the coronavirus once again take center stage gold and treasuries in rally mode as investors flee to safe haven assets oil prices also sliding today. it is monday, february 24, 2020. the dow will open by about 700 points and "worldwide exchange" begins right now

i'm julianna tatelbaum >> and i'm willem marx >>> european equities sink deeper into the red. the u.s. identifies the first unexplained transmission of the coronavirus in america >> posting a 46% jump in full-year profit unrest in hong kong and the covid-19 throws the banks. >>> it will be harder to hit that in 2020 we see the beginning of a global economic impact. >> wpp shares plunge after the british media group plunge from a sales slow down and warns that 2020 will be flat despite the company delivering a solid set of numbers cfo tells me they are monitoring the situation in china with coronavirus. >> we don't see a slow down. we see a postponing or delays. we don't see a slow down in growth in china compared to 2019 >> urs futures pointing to a sharp open a california resident has contracted covid but does not know how the patient constituted. this could be the first time person-to-person transmission occurred in united states. for the first time, more new cases were reported outside china than inside. norway, pakistan, italy and koran. croatia, spain and barach also repo

. >> i'm julianna tatelbaum. these are your headlines >>> china tries to go back to work as a number of major factories reopen for business, but sunday marks the worst day in the coronavirus outbreak so far. with 97 more fatalities taking a death toll to over 900 people. >>> europe follows asian equities brought down by travel an

julianna tatelbaum, thank you for us live from london. >>> coming up next, a look at axios' "one big thing" and on "morning joe," 2020 presidential candidates their guests. a special edition of "morning joe" live from new hampshire just moments away. but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. hi with the world'se first invisible trailer. invisible trailer? and it's not the trailer right next to us? this guy? you don't believe me? hop in. good lookin' pickup, i will say that. oh wow. silverado offers an optional technology package with up to 15 different views - including one enhanced view that makes your trailer appear invisible. wow. - that's pretty sweet. - that's cool. oooohh! that's awesome. where'd the trailer go? i love it. it's magic. as parents of six, this network is one less thing i have to worry about. (vo) why the aceves family chose verizon. we all use our phones very differently. these two are always