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Beautiful day outside. I think we have some great things to talk about. I will start by discussing the Federal Reserve. As you know it just happened minutes ago but it makes me very happy. I want to congratulate the Federal Reserve for starters they have lowered the fed rate from what it was, which was one to 1. 25. It has been lowered down to zero 0. 25. Zero to 0. 25. The Federal Reserve will be purchasing 500 billion dollars of treasuries and 200 billion of mortgagebacked securities. That number can increase but they will start with that. That is really good news. That is great for our country. That is something we are very happy. I am very happy. They did it in one step. They did not do it in four steps over a long time. I think that people and the markets will be thrilled. That brings us we are the strongest coun ....
It has been eight days since coronavirus was declared a Global Pandemic and our way of life gets turned upside down the president signs a relief package which could include direct payment to americans. The first coronavirus case was diagnosed in the country fearly two months ago now the number of confirmed cases has escalated reaching more than 8,600. Those numbers are expected to spike as more tests become available. Two members of congress announce they tested positive for the deadly disease mario and ben mcadams announced they are selfquarantining as ventilator numbers reach a critical state, auto makers gm and ford are considering the same nike is donating more than 15 million to help support employees. The majority of donations will benefit relief efforts in oregon but boston and memphis will also receive support as well as some countries overseas in los angeles 50 grab and go food centers are helping to get a warm meal. It ....
How worried should you be . Nine Business Days ago, the legendary Warren Buffett talked on cnbc about the greatest of america and the power of longterm investing. He explained stocks were still the best assets. He pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, youre up big now. But since buffett made that call two weeks ago, the s p 500 is down roughly 10 , thanks in part to another brutal session where the dow plunged 970 points the s p plummeted 3. 93 and the nasdaq nosedived 0. 10 . Buffett always says you should be fearful when others are greedy and be greedy when others are fearful. He publish an oped buy american, i am as the oracle explained, and i quote, i havent the famous idea as to whether stocks will be higher or lower a month or a year from now. What is likely is that the market will move higher, perhaps ....
And any barriers to goods and workers should now be removed. U. S. Business is pleading for help as demand and production fall. The president calls says that china will pay. Shery we are looking at how markets are trading. U. S. Futures are under pressure after we saw the nervous rebound in the trading session. The s p 500 slipped between small gains and losses. We have energy in a discretionary stocks leading the gains. We actually saw the nasdaq composite really rising more than 2 because of bargainhunting going on. Twitter andtesla, netflix as well. So we have seen a little bit of upside, especially the energy sector. Take a look at what oil. Is doing it just hot its best day on record. In fact, climb back most of the clawing back from most of the losses we saw earlier in the session. We are coming back from the lowest level in 18 years. This has the president said he would get involved at the appropriate time in the state of between russia and saudi arabia. We have seen the u. S. G ....
Watch the video. We cannot tolerate these things. An original report. A Bay Area School promising to jumpstart your coding career for no money down. Why former students say they feel duped. Right now on the news at 7 pm in streaming on cbsn bay area a new coronavirus case raising alarm close to home. We are learning a Solano County patient has tested positive for the virus. They are being treated in Sacramento County right now. They have no idea how this patient got sick. Here is what we know about the first case of unknown origin in the u. S. The patient did not recently returned from a foreign country reporting coronavirus cases. And did not have contact with someone already infected with the virus. That raises the possibility of Community Spread. And a new p ....