300 billion in direct Cash Payments will be available for every american citizen earning less than 99,000 per year. 3000 3400 for the typical family of four. Beenng like that has ever done. Up to 250 billion dollars in expanded Unemployment Benefits. The average worker will receive 100 of their salary. Or up to four full months. Normal unappointed benefits, independent contractors and the selfemployed will be eligible. Independent contractors and self employed people will be eligible for this. The 100 billion to support heroic work of our doctors, nurses and hospitals who have been incredible. 45 billion for Disaster Relief fund. We are setting up a fund of 45 billion for Disaster Relief. That is more than doubling the amount available to support my National Emergency and disaster declarations. Thebillion to build up Strategic National stockpile with critical supplies including masks, respirators, pharmaceuticals and everything you can imagine. Very depleted, our military was depleted
Affect business and Consumer Sentiment and Investor Sentiment. A chorus of asian bankers saying theyll take action and the bank of china also places easing china sectors and auto sales plummet. U. S. Futures turn higher after joe biden takes texas. California is still too close to call as the former Vice President gets into the super tuesday spirit it is a good night and seems to be getting even better. They dont call it super tuesday for nothing. We have a very busy show talking about everything from super tuesday from that surprise rate cut for the month of february, we have the final Services Numbers that came in at 52. 6 versus the flash estimate of 52. 8 the final Services Number lower than the estimate. As for the composite number for february, 51. 6 this data is now beginning to look outdated given the extent of the slow down given manufacturing and supply chain and coronavirus. The impact will show up in march. Worth baring in mind that we did fleetingly start to see European D
Across the world the death toll in the u. S. Has risen to nine people a big night for joe biden for super tuesday with key wins across the american south. Wednesday march 4 and Worldwide Exchange begins right now good morning and welcome to the show well tick off the morning with breaking news. Investors bracing for another wild ride as futures are indicated higher sharply, 500 some points for the dow, 51 for the s p and 160 for the nasdaq that is implied. We have seen action wither away over the weeks that action has been anything but mild we were red early on todays massive gain was more than cut in half after triggering the rate cut only one green spec signaling possibly more support and admitting the cut may not be the fed or cure all. We dont think we have all the actions. We do think it will provide a meaningful boost to the economy but will avoid a tightening and help boost household and business confidence. Investor attention today turns toward the central bank of canada due ou
Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
Australia starts to clean up from the bushfires. This as insurance claims keep rising. The total is approaching 1 billion u. S. Shery lets get you started with a quick check of the markets. It was another day of session highs. We saw the dow on a record high for a fifth consecutive session, closing up 2 10 of 1 . Of course, we had positive u. S. Earnings, the season kicking off, not to mention the pause in the china u. S. Trade war and the positive Economic Data with u. S. Housing surging in the previous much month. We had telecom and utilities leading the gains. We had the Energy Sector, oil losing ground for the second consecutive week, but keep your eyes on the oil prices. We did have geopolitical tensions in libya and iraq that could be moving crude. The nasdaq gained three tons of 1 . Lets see how things are shaping up for the asian market. Sophie asian docs are headed for a mixed start after a sevenweek advantage. Thats the longest winning streak in two years. Investors will be a