Relative sense yes yes. Yes, and they are. Theyre at home as they have been all week and focusing on on frankly theyre not symptomatic and there was the need for testing. Bill ackman on our air earlier today suggested the nation should shut down for a month or so, an extended spring break. If that were to happen, and i know you dont think someones voice is coming through to us, and i know you dont think that is the right course of action, if that were to happen, do you think that would be supportive of market levels or not . I dont think so. I think we need to make sure people need to have access to the markets and i dont think we would reduce concern about how events are unfolding in the coming weeks we have a few weeks of uncertainty and we will get through this and well see how quickly it evolves, but every single day we learn more every single day we put in new protections and new measures and people are taking this very seriously and thats an important thing to highlight well get
Buying for a total of 664 delegates in the three states. Iran is stepping up the pressure on its citizens to stay home and avoid unnecessary travel. Iranian state tv is morning millions could die if the public he is ignoring health guidance. The morning came hours after hardline shiite faithfuls pushed their way into the courtyards of two major shrines that had been closed over fears of the virus. Iran has had more than 16,000 cases of coronavirus, and nearly 1000 have died. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery ahn. Live in toronto, im Jon Erlichman. Welcome to bloomberg markets. We are joined by our bloomberg and Bnn Bloomberg audiences. Shery here are the top stories we are following from around the world. U. S. Stocks rebound from the biggest route since 1987, as the government s
The Federal Reserve announcing another program that primary dealer Credit Facility this is one of the biggest programs the Federal Reserve has yet to do. It is call the kitchen sink of lending programs it provides shortterm, overnight, and term funding up to 90 days for a broad range of assets i can tell you the kinds of assets that now primary dealers can bring to the fed to get funding. Investment grade corporate debt, securities, commercial paper, municipal securities, mortgagebacked securities, assetbacked securities, even Equity Securities excludeing etf. Bring us your poor, tired, hungry, weak the fed is saying bring us your paper, well, obviously, give it a haircut but well also lend it overnight. So now the fed, implementing almost all, still a few left of the financial crisis era programs from the Great Recession that had in place today. It put in place the commercial paper facility and has really long Quantitative Easing Program and bringing rates down to zero. What is left i
To stay at home. And panic buying in malaysia after take some of the most drastic steps yet as infections why. The Drug Administration is promising up to a trillion dollars to help the u. S. Economy whether the coronavirus pandemic proposal includes a 1000. 00 check for every u. S. Citizen within 2 weeks the number of u. S. Cases of the disparity illness has surged to nearly 6000 and the death toll as reached 100 family hala good has the latest details from the white house. As ordinary americans cope with the Economic Impacts of coronavirus the white house announced it was pushing congress to make a media Cash Payments to struggling americans what weve heard from hardworking americans Many Companies have now shut down whether its bars or restaurants american state cash now and the president wants to get cash now and i mean now in the next few Weeks Congress has already put forward a bill to provide sickly as well as Food Assistance to children and the elderly it still needs to pass the
On wall street, its been another dark day, with trading again halted to stop a freefall. At the capitol, theres a frantic push to pass a 1 trillion rescue package. And in florida, a crackdown on spring breakers as officials plead with younger americans to avoid big crowds. Now wider testing is revealing a clearer picture of the pandemics toll, and with a jump in the number of confirmed infections over the last week and u. S. Death tolls still rising. And all this as workers, medical professionals, and the sick all ask, when will help arrive . We have a team of correspondents reporting on the pandemic. We are going to begin tonight with ben tracy at the white house. Ben, these are dramatic moves that most americans have never seen. Reporter thats right, and the president now says he considers the country on a wartime footing, comparing this to world war ii and saying americans are going to need to make sacrifices. President trump is invoking the full power of the federal government to c