We continue to see a solid bid today for some of the risk havens, we are seeing the german tenyear bid with 38 basis points. If you are equity performances going in one direction, your bond performance is going in the other. Those mainly balancing each other out in a balanced portfolio. Vonnie lets get to the markets. We have the dow down more than 4 . Down 7 since the inauguration and that means it has erased all of its losses since the election. Just one metric. You can also look at how much of the bull market in previous times has been erased so far. It was a 57 erasure in the 1987 crash. We will see where we end up with this particular one. Author lows of the session, dow down 3. 8 . The s p down 3. 8 and the nasdaq down 3. 2 . The dollar index, a little relief, 102. 35. T was below 102 where do we stand in d. C. . Following todays announcement of a massive package of stimulus from the Federal Reserve, joining us is bloombergs anna edgerson. When do we anticipate we will have somet
See youre practicing social distancing. That looks very nice. Thats very good. I want to thank everybody for being here today. This morning i spoke with the eaders of the g7 nations, and they really had a good meeting. I think it was a very productive meeting. I spoke with our nations governors, also. This afternoon were announcing new guidelines for every american to follow over the next 15 days as we combat the virus. Each and every one of us has a Critical Role to play in stopping the spread and transmission of the virus. This was done with a lot of very talented people, some of whom are standing with me and thats available. And dr. Burks will speak about that in a few minutes. Its important for the young and Healthy People to understand while they may experience milder symptoms, spread this ly virus and will indeed by putting others in harms way and we worry about our Senior Citizens and the task force meets every day and updates guidelines based on the fast evolving situation this
Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b
Reese took over, hell be here with us to tell us whats behind the latest boom. Power lunch starts right now welcome to power lunch the dow as you can see is up about 200 points, the s p and nasdaq also higher, check out the small caps up nearly 1 check out the tran supports as well trucking higher. Well have more on that move in a moment. Hello, good day 31 advancing to declining stocks the worse performers are doing well today its trading to the upside banks, semiand industrial stocks all moving forward here. Consumer staples, historic high as well. Weve seen new food stocks like campbells doing well today Health Care Stocks also doing well whats moving the markets right now. The important thing here too big positives. The fed still neutral and the United States strong these are two big things keeping the markets near new highs uneasy truce on trade. Global economy on mix. The numbers have been a little odd recently if you take a look for example, China Services have been above expect
Lso, a republican effort to censure Intelligence Committee chair adam schiff. Live coverage of the house now here on cspan. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] recorded v yeas and nays are ordered, or votes objected to under clause 6 of rule 206789 the house will resume proceedings on postponed questions at a later time. That rules and pass the bill, h. R. 4406, as amended. The speaker pro tempore the clerk will report the title of the bill. The clerk h. R. 4406, a bill to amend the Small Business act, to improve the Small Business Development Centers program and for other purposes. The speaker pro tempore pursuant to the rule, the gentlewoman from new york, ms. Very laz kess, and the gentleman from velazquez, and the gentleman from ohio, mr. Chabot, each will control 20 minutes. The chair now recognizes the gentlewoman from new york. Ms. Velazquez thank you, mr. Speaker. I ask unanimo