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Among, at least seven different other items that World Health Officials will look at, including the president of the United States before deciding at the end of this month whether to extend sheltering provisions or to start unwinding them n the middle that a bit of a constitutional back and forth whether the president alone can decide this matter. We have different reads of this. Well get into a little bit on this, some say that the president is wrong, states ultimately decide on this. The president granted them power when and how far to shelter, then they have the power to decide when and how to deshelter. Well get into that. It is a fascinating legal argument here, one might be a moot point if any of this progress weve seen reverses or slows, likely pushing back a timeline on getting everything back to normal. A lot of fast moving developments. Connell mcshane on the ....
Tayyip erdogan confirms the deaths of 2 soldiers deployed to libya and Global Support continues to be impacted by the corona Virus Outbreak with rugby 6 places and now under threat and remembering a basketball legend kobe bryants widow vanessa leads the tributes at the Memorial Service and off hand. But the rise in corona virus threats in china and a sharp increase in infections a stalking fears that the Global Spreads of the outbreak is entering a new phase iraq has now banned travelers from 7 countries after reporting its 1st case on monday among the banned countries is iran its confirms 15 deaths but has denied reports that the talk could be much higher bahrain afghanistan kuwait and some arent. All reports its infections now in europe italian authorities have ....
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 liqui ....
But we begin with another tough day on wall street stocks hitting the skids as yields head south just adding to wall streets wall of worry wp Goldman Sachs, morgan stanley, ubs, bank of america all out with new notes raising the red flag on trade tensions hitting the market so what do we make of all this the sort of, i dont know, stuttering in the markets based on trade its interesting that youre getting some of the macro folks around the street starting to become a little more concerned when in fact i do think that weve seen bond yields telling us something very dramatic 164 we closed on the 10year dollar holding in. But i think the concern around the rest of the world truly that were seeing major contraction, a couple of pmis weve had over the last couple of weeks weve got regional fed surveys this week weve got a cpi number in the states which i do think the fed will be closely watching to at least give them something to follow ....