Heard in the vicinity of the president ial palace as schrock on he made his inauguration speech on started speaking again was the noise subsided, telling attendees to stay calm. Ghani, the former president , took the oath of office today, after he was declared the winner of todays contested president ial election. The former chief executive who also declared himself the winner held a parallel ceremony in the capital. Both claim victory in the contested vote that was marred by allegations of vote rigging. The head of the International Atomic Energy Agency warned iran today that he expects to get access to the undeclared suspected nuclear sites. His warning follows the announcement last week that it identified three locations in iran where Nuclear Activity may have taken place without being declared to international observers. Of denial ofcase access under additional protocol. We never had this before. Second aboutr a iran. If i get a denial under additional protocols for complementary a
And oil down 6 to 2860 and change oil now on pace for its worst month ever and here is a stat that really sets the tone for how things have been and it comes from our friend ryan detrick at lpl financial. It markets the serventh straight session that was up or down and this breaks the previous record of six such volatile sessions set all of the way back of november 1929, a true sign of the times. All of the markets rising today. It is clear that we are in unprecedented times for the markets and the economy, but we are here for you here on cnbc with the folks working tirelessly around the clock. Bob is downtown and steve has more on the Federal Reserves move and most of the action came from inside the beltway. Lets get to Kayla Tausche with what was live with the white house response. An unprecedented stimulus package the white house is proposing, 1. 3 trillion in relief for businesses and workers whose revenues and wages are grinding to a halt the treasury secretary Steven Mnuchin putt
Small businesses. The Senate Small Business and entrepreneurship heard from witnesses on the drug supply and what Small Businesses needed to stay afloat throughout the outbreak. This is an hour and a half. The [inaudible conversations] i appreciate the witnesses being here into the hearing will come to order. I am going to go through order quickly because senator young has another related topic event thaeventyesterdayeventthat he hi want to recognize him quickly. He wanted to say a few words and i want to make sure hes able to get on the record. Thank you mr. Chairman for holding this important hearing. I first want to get on the record and think the subject matter experts. If theres anything we tgislative leaders ought toif e doing it more broadly the government leaders as listening to the Public Health experts say thank you so much and the experts and some of these discrete areas that will be impacted by the coronavirus. I do regret that in a minute i have another meeting that also p
We will come to order we welcome the acting commissioner of cbp mark morgan thank you for being here today we look forward to getting your perspective on cbp priorities and requirements fiscal year 2021 the budget proposes 15. 6 billion of Discretionary Spending by cbp and increases 714 million above the current your level of the total includes 2 billion of 82 miles of barriers and 625 over the current year appropriation for nearly 80 percent of the total fy 2021 increase for cbp overall. I have obvious concerns for spending another 2 billion on border barriers but aside from any debate this administration continues to circumvent the will of congress by diverting millions of dollars for what congress specifically appropriates for this activity. The house bill does not include the funding. Even more to the point of funding proposed would crowd out other investments we all agree our high priority. For instance it is unclear how many officers are funded or sustained in this Budget Congres
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re