2. 3 trillion gauntlet against the economic catastrophe caused by the pandemic it was remarkable move coming within seconds of the devastating news that 6. 6 million more people filed for Unemployment Insurance last week the averages were actually able to rally including the down and out stocks dow gaining 286 points s p climbing 1. 54 nasdaq advancing 7. 7 . Without powells extraordinary i was blown away extraordinary announcement, the hideous jobless claims would have pancaked the stock market. Weve gone from the strongest labor market in a half century to one of the weakest in no time flat it didnt matter to wall street because the fed is buying all kinds of distressed debt you dont see i keep saying its so important. Buying municipals. Some of those are hurting. Buy high yield Corporate Bonds thats fabulous news because those were two big pressure points in this rapidly deteriorating economy. What a difference from the old days between the 2. 2 trillion rescue package from congress
2700 journalists and analysts in over 120 countries. Trading. I am Karina Mitchell. Edging into the red after two days of gains gains. This is bloomberg. We had to the end of december. Nejra lets kick off the show with the u. S. And the year end it has been a good month. Melt up. Equities in europe and u. S. And in asia. It. Arie hordern has the dollar on a third day of decline. This has been a melt up but it a 10year yield study for the Asian Session but we edge up has been a stellar year for three basis points. Equity especially u. S. Equities you are seeing a little bit of but we are badly overbought. We could see this technical rest gauff of equities. Signal. Lets get to bloomberg first this is one of the things to watch for but for 20 20, we are word news. President donald trump is seeing a lot of calls come in facing criticism for ousting the seeing a lot of optimism. Allegedly whistleblower. Nejra thanks so much. Heres what our guests have been a lawyer who specializes in saying
Good morning. Welcome to cnn this morning. Im victor blackwell. And im amara walker. Israels army appears to be entering a new phase of war. An Army Spokesperson from the idf confirmed to cnn that idf Ground Forces are in gaza right now. Infantry, artillery and other units moved into gaza from the north overnight. As troops march in the north, israel continues to fire missiles across the border. The idf have been launching heavy and continuous air strikes throughout the night into the morning. Idf reserve soldiers are calling it the most intense night of bombing of the conflict so far. Cnns jim sciutto is with us now from northern israel. So, israel promised a major Ground Offensive after the attacks by hamas on october 7th. Is it clear yet that this is the beginning of that . That we are seeing that Ground Incursion in a major way or is this potentially Something Else . Reporter well, victor, its the beginning of something. Thats no question. Because israel is now confirming the Idf S
An escalation in gaza in the wake of that Terror Attack that left 1,400 israelis dead. Youre looking at live pictures. Widespread reports of sirens and exploegs. The Israeli Defense forces saying today they are stepping up their Ground Operations. Take a listen. Their Ground Forces are expanding their ground up aerations. Idf is operating at all dimensions in order to achieve the goals of the war. We will continue to attack in gaza and its surrounding, and we keep calling upon the People Living in gaza and iran that south from there the idf did not say troops have entered gaza though its worth noting israeli tanks have temporarily entered gaza over the last two days. All of this while the fate of the 200 hostages held by gaza is unknown. Back channel negotiations are ongoing in the midst of the conflict. Just a few hours ago repeated explosions were seen in the israelgaza border. A few miles away on the ground in gaza near total darkness that was interrupted only by flashes from the ai
And it appears that the us appears that if that it, that, that addendum is voted for. They will also perhaps support the larger resolution as well. So clearly things are moving very fast. Youre un headquarters and especially in the General Assembly chambers behind me. But again, we expect a very important vote on this resolution at 19 g m t or 3 pm here in new york. Okay, but from that and thank you very much. Indeed, weve been covering this. Weve been joined by our different logic editor, james phase and souls and bought account the professor of Public Policy at home. Ive been calling for university. Thank you very much for both being with us. James at bus one to ask you a quick procedural question, whether just for viewers who are joining us and the vote is going to be taking place as gabe was saying at 19 gmc, thats about 3 pm, a local time eastern time. And yet there are still going to be speakers are going to be speaking off to that to what does that tell us about the assumption t