Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide relief and instability to ensure that the recovery is as strong as possible. Additionally, the fed has purchased more than 2 trillion in treasury and mortgage began ins since midmarch. Because of this, the Balance Sheet has expanded to more than 7 trillion. Congress, the administration, and regulatory agencies have taken action to protect and stabilize the infrastructure of our Economic System. The cares act has been central to that effort, and recent stats indicate that our labors are working. I
Fixed. Lets leave it this way. I do not consider myself a journalist. Nobody else would consider myself a journalist. I begin to take on the life of being an interviewer even though i have the day job of running a private equity firm. How do you define leadership . What is it that make somebody tick . David we are here with Charles Schwab, one of the bestknown figures in the Business World because of his ubiquitous face of his at, but also because the company he has built, which is one of the leading Financial Services companies in the united states. He has now written a book called of the company heinvested by cha. Let me start by asking you about something you may news with. Your Company Announced you are not just going to do discount brokerage, youre going to give away brokerage for free. I callnt to buy stock, up, i have an account, and i trade for free. How do you make money if im am trading for free . Charles first thanks for having me on the show. Ive had the opportunity to know
Set containment measures until at least easter. 16 ork city reports a ncrease in deaths in six hours as the white house and congress onsider a full ground of stimulus, hopes for a vaccine. Break europe, i wonder how optimistic investors to be about the chinese dates, better than expected for manufacturing and p. M. I. , cturing ultimately china firms saying the business was better than the where we had the worst contraction since 2005, of chopper water still ahead, new export orders till in contraction with the irus going global and employment. You need the rest of the world to open up to drive those exports, to drive that in china. The question for marketing is no. Coming in, na date o you begin to debate not v haped or u shaped or almosted sharoned recovers. R. Wilson says the roses are unlikely and the radiation phase going to happen. Of reselling tend 2018. Me, but it didnt in hats the basis of the theory well debt later on. He saw global. Were not today, seeing the same risk on, y
I dont consider myself a journalist. And, nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . We are here today with chuck schwab, one of the bestknown figures in the American Business world, certainly has been so over the last several decades because of his ubiquitous face and his ads, but also because of the Great Company he has built, which is one of the leading Financial Service companies in the united states. He has now just written a book, called invested by Charles Schwab, and i want to talk about that. And his life, which is incredible. Let me start by asking about something you made news with just recently. Your Company Announced you are not just going to do discount brokerage, you are going to give away brokerage for free. In other words, if i want to buy some stock, i call up, i have an account, a
Go higher. The crash stride an hour away. Lets get your top headlines off the bloomberg terminal. China p. M. I. Data Beat Estimates but it is a mixed picture for asian stocks and u. S. Futures turned in the case negative. The w. H. O. Said the coronavirus outbreak in europe may be approaching its peak but across the atlantic new york city reports a 16 increase in deaths in just six hours. Plus lenders from howards bank to unicredit halts dividends at the request of the b. B. C. Well speak with the chair to have Advisory Board in just over an hour. We do see futures positive here. Certainly in germany. 3 4 of a percent. Up on the dax futures. U. S. Futures we pointed out are down right now. Of course that can change. Volatility is the name of the game these days but we see a little bit of a split in terms over the risk indicators. Anna, what do you see from your g. M. M. . Anna before get to that, lets get to breaking news. We have numbers coming through from shell. They are talking oo