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July 16, 2024
Against shortterm Municipal Bonds. Banks buy them from money market funds and then can get loans aga against them at the Federal Reserve, to address strain in another market, 3. 8 trillion market for state and local government bonds and airport bonds, all kinds of stuff in there. Only a part of that is eligible for financing at the fed these are assets that were held by money markets and money markets have been shedding assets in part because theyve had draw downs from corporate borrowers andenu...
July 16, 2024
Unusual session but critical. Mr. Speaker, this legislation represents a bipartisan and resolve to meet the coronavirus challenge head on. It represents a focusnt on families and workers with the objective to make them safer and economically supported. That will protect workers as we all doo our part to flatten the curve. Public Health Officials have made it clear the only chance we have c to prevent our system to be overwhelmed with the pandemic it is threatened to be for his as Many Americans ...
July 16, 2024
Defeat the virus. President trump there is tremendous hope. I think well come out bigger, strong and better. We learned a lot. We learned who to rely on, month not to rely on. Our country has been incredible. Including the fact i just spoke to senator schumer. We both want to get to a good solution. Watching and seeing people that werent speaking getting along well because we all have one common aim. Thats to get rid of this invisible enemy, get rid of it fast, and go back to the kind of economy...
July 16, 2024
To recognize the reality. People in the entire state of california are being ordered to stay home in a bid to curb the coronavirus pandemic. I dont view it as an act of god. I would view it as something that just surprised the whole world. There may be new hope in the desperate race to find a treatment for coronavirus. And it couldnt come soon enough. President trump says he is slashing red tape, ordering the fda to fast track the use of two drugs for sick patients. Italys reported death toll fr...
July 16, 2024
Coronavirus battleground. Doctors being called out of retirement. Hundreds of volunteers being rushed in. The number of deaths there now the himornin overnight, a scandal brewing on capitol hill. Some prominent u. S. Senators dumped millions in stock after getting official briefings about the coronavirus pandemic before the markets tanked. Are they guilty of Insider Trading . Lawmakers at home closer to a massive trilliondollar stimulus. The latest on the plan to put a 1,200 check into the hands...
July 16, 2024
Those are leading the gains today and recovering at the peak now 35 or so40 , from those record highs. David now we have an announcement that the fed is including their money Market Facility to include muni debt. Taylor this is interesting. There was a lot of talk on there. The muni market in general is much more illiquid than the rest of the market. Not surprising to see that in a week like we just had, with stress showing up even more and more. Muni traders continue to say there are some short...
July 16, 2024
Globe would be the shutdown more restricted access to help fight the spread. Well the coronavirus pandemic is only timing its grip on europe this friday to the point where italy is calling in the army to enforce a lockdown in the region of lombardy that is where we will start as we go around the world this hour italy 1st of all with just over 3400. 00 people have died that is now more than anywhere else in the world including china infections of now surpassed 40000. 00 there as well in spain the...
July 16, 2024
The president is saying the nation is coming together to defeat the virus. President trump there is tremendous hope. I think well come out bigger, strong and better. We learned a lot. We learned who to rely on, month not to rely on. Our country has been incredible. Including the fact i just spoke to senator schumer. We both want to get to a good solution. Watching and seeing people that werent speaking getting along well because we all have one common aim. Thats to get rid of this invisible enem...
July 16, 2024
A movie he describes as upsetting but essential. And significant new restrictions are imposed on tens of millions of People Living in the u. S. States of california and new york. The coronavirus pandemic is that another grim milestone with global deaths attributed to the disease passing 11000. 00 European Countries italy and spain are struggling to stem new infections despite unprecedented lock downs and now the u. K. Has joined them ordering cafes pubs gyms and other businesses to close their d...
July 16, 2024
Destabilize the on mobile and airline industries. Watch cspans washington journal live at 7 00 eastern saturday morning. Join the discussion. Earlier today, President Trump along with that White House Coronavirus task force held a briefing on the government efforts to respond to the nationwide outbreak. President trump thank you very much. I had a very good telephone conversation, extremely good with senator schumer a while , ago. We are working on various elements of the deal. The democrats are...