Fed says theyre going to help but it doesnt help the market in london the sound you cant park in that. One in washington. Is a rate cut but it doesnt stop markets from dropping nearly a 1000 points well investigate why the fed intervention is not helping. Billions into detecting the. Were going to tell you about at least one huge acquisition. To pay 500000000. 00 for throttling i phone users in order to push them to purchase a new battery but is 500000000. 00 nearly enough we have a live report to get you on this very busy day so lets get started on. The Federal Reserve decided to pull the trigger Tuesday Morning and announced an emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has. Deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus was having a Material Impact on the Economic Outlook the addition came 2 weeks before the feds scheduled meeting but rat
Emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has been deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus was having a Material Impact on the Economic Outlook in addition came 2 weeks before the feds scheduled meeting but rather than instilling confidence the market is digesting this as a sign that the weakness is much greater than previously thought analysts have commented that this issue than seemed rushed and panicked and didnt really instill any confidence in fact quite the opposite it damaged confidence making investors increasingly risk adverse so it seems like the fed is stuck damned if it doesnt cut rates in the markets plunge and damned if it does cut rates and the markets take a sign of poor confidence markets were quick to digest the move popping up 300 points before turning negative as participants gauge what the impact of the cuts will
The fed says theyre going to help but it doesnt help the market for them but the london the show you cant afford to mess im good at ive been one in washington to let them know theres a rate cut but it doesnt stop markets from dropping nearly a 1000 points well investigate why the fed intervention is not helping plus i want to talk to you more billions into the tech in the robot were going to tell you about at least one huge acquisition. To pay 500000000. 00 for throttling i phone users in order to push them to purchase new phones and batteries but its 500000000. 00 a year we enough we have a live report so much to get you on the very busy day so lets get started. The Federal Reserve decided to pull the trigger Tuesday Morning and announce an emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has been deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus wa
Popular runner guide series on 17 200 claims and constitutional law claims please welcome christopher torok. Our next panelist is the professor himself wrote the book, he is a graduate of notre dame where the was a runnerup valedictorian but the made up for that when he went to Harvard Law School and won the diploma for being top student to graduate in his class. He is, its a lot easier. A lot easier. And he has been a lawyer and a professor including back at harvard for a while, hes currently at vanderbilt and hes the author of this book. It makes a compelling case for the class action mechanism and we will hear from him and our moderator today is the judge of the ninth circuit. He is a graduate of, a korean immigrant i should start with came to this country and graduated from Ivy League Cornell and then also harvard lawschool. His classmates, magna cum laude and works at block tell, works at the associate white House Counsel i believe in a special counsel to the Judiciary Committee a
Cesar chavez 2. 80 heavy out of daly city from highway one through at one oh one split, but no big trouble spots will check more freeways coming up james. All right. Thank you very much rob and a big story this morning weve learned that schools in the john sweat Unified School District are in fact closed today no classes. Officials originally tweeted out the district perhaps might be open this morning but thats not the case. We are. Were also seeing of course the very latest who with the efforts there to keep everything safe at the refinery itself where we saw a huge explosion yesterday fact we have some video to share with you this morning look at this fireball and right there is though top of o refinery tanks literally getting blown off other 2 big tanks of ethanol. That exploded in a do were destroyed in this fire. Forced to shelter in place thats over 80 is open againright now were given very latest from will tran hes in crockett where a press conference just started lets live that