Quorum call quorum call mr. Sanders madam president. The presiding officer the senator from vermont is recognized. Sorry. Mr. Sanders thank you. Madam president , since last week the senate has been quote, unquote, debating the presiding officer senator, were in a quorum call. Mr. Sanders i would ask that the quorum call be vitiated. The presiding officer without objection. Mr. Sanders madam president , since last week, the senate ostensibly one of the great deliberative bodies in the world, supposedly, has been quote, unquote, debating the 740 billion National Defense authorization act. Its been a very, very silent debate because of the 700 amendments that have been filed to this bill. There has been no roll call votes on any of them. I do understand that in the managers amendments have been accepted, and thats fine, but weve had a vigorous debate but nobody in the world has heard that debate because theres not been one amendment here on the floor. And knowing the way the senate does
Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as well, so the earnings daily continues. Things not looking great for unilever. Delucia the earnings deluge continues. Growth of zero, so 0 . The estimate was of an increase and itr just over 2 , seems on pricing and on volume they missed estimates. Pricing looks to be lower than estimates and volume looks to be lower than estimates. That seems to be where we are on the top line. They are also saying they are withdrawing their previous 2020. Uidance First Quarter underlying sales slack, as i mentio
Loom over the market. And the u. S. And china continue to trade barbs over the handling of the crisis. Washington says the world has been let down. Shery lets get you started with a quick check of how markets are trading. U. S. Futures looking like this. Unchanged at the moment. This, after we saw a broadbased rally in the regular session. This halting a two day slide. We had the latest around corporate earnings showing a little more positive sentiment. Chipotle and Texas Instruments rising on solid result. We had tech leading the gains with the nassau composite seen the best day in about one week, reversing yesterdays weakness in tech and chipmakers as well. We have a little more optimism about the eventual reopening of the economy as well, so we had this pullback in treasuries confirming this riskon move. Take a look at what oil is doing. We saw oil rising from record lows in the new york session. Barrel right 14 a now as President Trump ordered the navy to deploy any uranium boats i
Professionals, carers, Public Health officials, and volunteers across the country, and the exceptional efforts of the sco abroad. U. K. Citizens the bank of englands role is to help households manage through an economic shock that could prove large and sharp, but temporary. That is why the bank is announcing a comprehensive timely package of measures to help u. K. Households and measures bridge across the economic disruption caused by covid19. These measures will keep firms in business and people in jobs, and they will prevent a temporary disruption from causing longer lasting economic harm. Maximizing our response requires ordination across all of the banks coordinating committees. That is why all policy committees are simultaneously theng today, maximizing effectiveness of our response requires working in concert with treasury. Ys that is why we are acting on budget day, when the chancellor will announce a series of government initiatives to support u. K. Households and businesses. A
10 year yield and as you see since basically the European Union finally began quantitative easing in earnest theyve gone into negative territory but i tell you whats remarkable is that you know we made a film like 10 years ago about the collapse of iceland we went to iceland about 6 months 9 months before it collapsed and predicted that it would collapse because it was a serious ponzi scheme where the banks were lending. To speculate and the result of that speculation in the Housing Market would be used as collateral at the bank to create more lending so it became a huge ponzi scheme force a collapsed now people talk about these negative Interest Rates they think its the result of some policy by someone in doing some economic bennett benefit but they dont understand is that is the biggest bubble in history the sovereign bond bubble is by far the biggest ponzi scheme bubble its ever been created in the history of the world and when you talk about these sovereign bonds trading in negativ