Coronavirus pandemic has forced many countries to close their schools its hoped the lock of social gathering will help slow be open but is the sense learning the answer and how vulnerable are children through this virus this is inside story. Hello and welcome to the program im getting obligato the Global Health crisis created by the coronavirus pandemic has led to extraordinary measures in an effort to contain the outbreak countries from south korea to the u. S. Italy to new zealand are introducing measures that are affecting hundreds of millions of people schools in averse cities cinemas gyms concerts have all been shut down around the world and the u. S. The clear to National Emergency on the same day its travel ban on 26. 00 European Countries came into effect the World Health Organization says europe has now replaced china as the epicenter of the outbreak and governments are approving billions of dollars with the goal of slowing down and eventually stopping the virus well among the
Investors of a recovery the us n. P. R. And our off by more than 6 percent amid an unprecedented volatility with the s. And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy prod
To zero. Beautiful day outside. Ill start by discussing the federal reserve. It just happened minutes ago, but it makes me very happy. It makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financially and in every other way, and that brings us in line with what ot
Cant be sustained as the chart continues to make higher lows indicative of a bear market now that prices plunged again down over 24 percent hitting an 18 year low as the lock down to counter the pandemic resulted in an even greater demand shock than previously expected saudi arabia is contained just broad broad record high oil is of true 12300000. 00 Barrels Per Day over the upcoming months despite the slump in demand now as saudi and russia contain a battle for market share Goldman Sachs is forecasting a full to as low as 20. 00 in the 2nd quarter there doesnt seem to be anywhere to hide in this market accepting cash gold continues to be under pressure down over 2 percent as battered investor took to unwind damage positions and reduce leverage bitcoin on the other hand looks to be doing exactly what it was made to do as it is unscathed by the volatility this week holding its support level above 5000 proving itself to be the perfect asset in a financial crisis the Trump Administration
Coronavirus pandemic has forced many countries to close their schools its hoped to lock a social gathering will help slow be 0 but is the sense learning the answer and how vulnerable are children through this virus this is inside story. Hello and welcome to the program im to you navigate the Global Health crisis created by the coronavirus pandemic has led to extraordinary measures in an effort to contain the outbreak countries from south korea to the u. S. Italy to new zealand are introducing measures that are affecting hundreds of millions of people schools universities cinemas gyms concerts have all been shut down around the world and the u. S. The cleared a National Emergency on the same day its travel ban on 26. 00 European Countries came into effect the World Health Organization says europe has now replaced china as the epicenter of the outbreak and governments are approving billions of dollars with the goal of slowing down and eventually stopping the virus well among the containm