Pres. Trump thank you very much, everyone. Begin, i would like to offer my condolences and best wishes to the people all across our great south, who have endured deadly tornadoes and other severe weather. Mississippi,ana, alabama, florida, georgia, tennessee, and south carolina. My administration will do Everything Possible to help those communities to get back on their feet. We are speaking with governors. Fema is already on its way. They got there as soon as we heard. I said, get out there. You know the great job that fema does. It is really something, very special. We just want to say, warmest condolences and we are with you all the way. It is a tough deal. That was a bad level five. That is as bad as it gets. That is a bad grouping of tornadoes. The power, the horrible, destructive power. Americans continue to make critical progress in our war against the virus. Over the weekend, the number of daily new infections remain flat nationwide. Slowing intions are new york, new jersey, mi
Pres. Trump thank you very much, everyone. Thank you. Progress is being made. And i appreciate you all joining us. Last night the fda announc pres. Trump thank you very much, everyone. Thank you. Progress is being made. And i appreciate youre all joining us. Last night, the fda announced groundbreaking new policies to further increase testing, very substantially so. All states can now authorize tests developed and used within their borders, in addition to the fda. So the states are very much involved. They have been involved from the beginning, but we are stepping it up as much as we can. And the testing procedures are going well. And within a short period of time, private labs will kick in. This has never been done before. And it is going to be something, i think it is going to be incredible if it is done properly. And these are among the greatest companies in the world, actually. So, the state is going to be dealing through themselves and would local government, local physicians, loc
Exception of the bond market. We are down at session lows on the stoxx 600. Sector certainly taking it hard today, as we see this drop, a very sharp drop we are getting in the crude market at the moment. Theres a top line running on the bloomberg of the sharp drawdown we are seeing. In terms of the bond market, and some ways, this is where the real action is. The expectation is we will see significant supply, as a result of this we have a big move in bunds and btps. Btps pretty under pressure. It looks like the ecb via the bank of italy was in the market earlier on. When it comes to the markets, dollars strong. We are now trading at cable rates we havent seen since the mid80s. We went through 1. 20. Now we are trading with a 1. 18 handle on the cable rate. Alix i love that you brought up btps. At one point they were up by 58 basis points. The Trump Administration now promising a 1. 2 trillion dollar stimulus package, including direct payments of 1000 or more to americans. President tru
Activity as Economic Activity grinds to a halt here in the u. S. , the white house calling for half a trillion dollars in direct payments to taxpayers and says we could see bailouts for airlines, hotels, and cruise industries, all the sectors getting crushed in todays market and crude oil down a staggering 23 . Now trading just above 20 a barrel we have every angle covered for you. Bob pisani is on the floor of the New York Stock Exchange. Kayla is in washington with the response to lawmakers. And were covering the latest on the virus itself bob, first to you on another roller coaster ride today here at the Stock Exchange. We have a quiet morning i say relatively quiet, it was down 6 tach take a look at the s p i urge you to watch it emotionally. He said we need a 30spring break. This slow rollout of a shutdown is not working market dropped quickly to the lows of the day. We hit the Circuit Breaker at 12 50 eastern time, 15minute pause. We reopened. We have not dropped to the he second
Going to be a strong enforcement of quarantine. You have to have separation. You have to have separation or this thing takes longer to go away. I think you could said this for your country and a lot of countries, it goes away. Away with very, few few desperate very deaths. Relative to other countries, we have very few cases. I think we have the greatest doctors in the world. We have offered iran assistance. Iran is having a tremendous problem. We have offered iran assistance. If they would like it, we will help. [indiscernible] i would rather not say. Lets put it this way. You will see. I cant say. I was working on that last night, also. Determinedbeen fully it was iran. It was a rebel group. It did look like it could be backed by iran. We will see what the response is. [indiscernible] pres. Trump i always want him to return because he is a friend. We started off both new to the job that would always like to see him. There are other people i get along with really well. This is a very s