Good morning from the newsroom of the Financial Times.

Today is Friday, March 6th, and this is your FT news briefing.

JP Morgan Chase chief executive Jamie Diamond undergoes heart surgery.

The coronavirus hits struggling Chinese ridehailing group D.D. and

Xon's chief

under goes on the coronavirus hit struggling Chinese ridehaling group,

D. D. Chusing, and Exxon's chief executive writes off carbon emissions targets

as all for show.

Plus, OPEC reached a preliminary agreement on Thursday to cut oil output by one

and a half million barrels a day because of the impact of the coronavirus.

But first, Treasury yields hit record lows yesterday.

The F.T.'s Colby Smith will have more on what this means for banks.

I'm Mark Filipino, and here's the news you need to start your day.

It was a pretty nasty. you need to start your day.

It was a pretty nasty day on Wall Street.

You had US equities falling more than 3%.

Amongst those stocks, it was really banks

that were the worst hit.

So the likes of J.P. Morgan, Bank of America, Citigroup,

they all fell roughly 5%.

It was a pretty sizable move and at the same time you had Treasury yields falling to record lows.

So earlier this week we had an emergency rate cut from the Federal Reserve.

...