So no, we are not at the reversal rate, and we are certainly not at the lower bound rate. If in the future it is necessary for the purpose of dealing with the risks at the time to address that, we will do so. Point, i think ive dealt extensively with these issue limits. All i have to say at the moment is that we will use all excess abilities in the framework of our Asset Purchase Program. There in mind, by the way bear in mind, by the way, to this person on the line, that we are likely to see increased debt issuance on the part of a few countries, if only to deal with the fiscal resources, but they will have to mobilize in order to put in place the Health Care System that will be needed to respond to the spreading of the disease. That is also a factor to have in mind. Let me ask you a question about the timing of your decisions. When did you realize that this situation is getting out of control and you need to come up why did youge, and not act directly after the first g7 call . Where
Plus price of gasoline continue to go plummet. Mornings with maria begins right now. Lets check markets this morning. Closing out the week in europe, european indices are higher across the board. Ftse 100 is up 173 points, cac quarante up 231 and dax up 349 points. Bank of england cut rates of wasnt tenth of a percent, marks rally in asia overnight. China keeping lending rate unchanged but said the future easing the likely. Markets in japan are closed and the markets were higher across the board. Korea up 7 and a half percent overnight. Hong kong, better than 5 . Check out oil prices. They are surging. The price war is racing on. Take a look at crowd oil, 267 higher at level of 27 a barrel. Yield of 10year treasury currently lower but at 1 even 1. 050 . Thats down 10 basis points this morning on 10year. Senate republicans announcing covid19 relief plan complete with checks to american citizens and Small Business protections. Here is how the direct payments break down. 1,200 for individ
Boris Johnsons Brexit bill faces its first vote in the new parliament. I guess with an 80 seat majority , we expect smooth sailing in u. K. Politics on whether Boris Johnson can get this bill through . The vote today is a formality. It is a novelty in one sense for brexit. A debate on brexit and a result that is almost certain. If you contrast that with some of the very touch and go boats we had before the election, election, youhe can see how Boris Johnsons majority has changed everything. Anna what does this mean for the timeline for brexit and where we go from january and beyond . Britain will leave the eu on january 31. Oft will set up 11 months the adjustment period. During that time, britain and the eu will have time to negotiate a trade deal. Anna we will keep our eye on th at in 2020. What is the significance of president xis visit to macau . Anniversaryhe 20th of macaus return to chinese rule, but also to inaugurate the new chief executive under what has been a pretty stable s
Make a deal. Futures lower on reports that china wants more talks before signing. The president s highly touted phase one. Plus, cash burn concerns. Wework director set to discuss two Financial Rescue options today. Facebook feud Elizabeth Warren says the social Network Takes money to promote lies and creates a fake ad to prove it. So investors trying to digest a lot of news surrounding the first phase of thattrade agreement between the u. S. And china. Market sentiment tempered by reports that beijing wants further talks before making a deal treasury secretary mnuchin was on squawk earlier this morning talked about just that. We made substantial progress last week in the negotiations. We have a fundamental agreement, it is subject to documentation and there is a lot of work to be done on that front but it includes intellectual property rights, it includes financial services, it includes currency and foreign exchange. And it also includes very significant structural issues in agricultu
Manipulator. China has been taking steps to shore up the movement. Stocks in europe flat. They were lower early on. Scene to be stabling. Less of aa little bit move then yesterday. Excellence. En par view ofp, we get the Anthony Scaramucci. We will ask him about markets and the Trump Administration at 5 30 p. M. London time. The new york city, here is viviana hurtado. Viviana the yield on benchmark 10 year treasuries falling earlier to a level not seen since before the 2016 president ial election. Recession signals flashing. The spread between threemonth bills and the 10 year yield has seen the most extreme inversion since the lead up to the 2008 crisis. Donald trump delivering his most forceful condemnation of racism and White Supremacy following the Mass Shootings over the weekend that killed more than 30 people. The president did not call for new restrictions on gun ownership, instead blaming the attack on Mental Illness, video games and other cultural depictions of violence. We mus