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Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That i...

Surrounding badly needed medical supplies and facemask that are currently sitting in warehouses in china the u. S. State department claims that u. S. Bound face mask test kits and other medical equipment urgently needed to fight the corona virus is not leaving china thanks to new chinese export restrictions those supplies are supposed to either already be here in the United States or at least should be on their way and yet they are not according to the wall street Journal Health care equipment maker perkin elmer nk based in massachusetts is unable to ship 1400000 test kits for co but 19 the di...

A vote failed again and as new york becomes a epicenter of the outbreak in america, more states are taking strict measures to keep residents at home including michigan, massachusetts and louisiana. As we stand, the market is down 3. 4 on the s p 500. The dow is down 60 poin60 59 minutes left of the session weve got a huge lineup of guests coming up including the ceo of Quest Diagnostics to break down the latest on testing for the virus and former bank of america governor, mervy nn king he was governor of the bank of england during the financial crisis we are covering every angle of this crisis...

Emergency meeting. A Chinese Pharma Company wins approval for human testing of a vaccine. Governments around the world starting restrictions to slow the outbreak. The virus threatens to weaken chinas economy even further. Our review of the latest for the slowest and the end of the cultural revolution in 1975. Shery lets get you started with a quick check of the markets close. It was another down day. The rebound we saw in the previous session, we are talking about the s p 500 and dow and nasdaq all going down the s p 500, every sector was in the red. Energy was the biggest decliner. Oil sinkin...

Against shortterm Municipal Bonds. Banks buy them from money market funds and then can get loans aga against them at the Federal Reserve, to address strain in another market, 3. 8 trillion market for state and local government bonds and airport bonds, all kinds of stuff in there. Only a part of that is eligible for financing at the fed these are assets that were held by money markets and money markets have been shedding assets in part because theyve had draw downs from corporate borrowers andenutional borrowers seeking to raise cash. Part of the seizing up of the financial system, the fed tryi...