French]g we are moving fast because that is how we will protect canadians and the economy. I know it is also a lot to take in. People are having to figure out how they will work from home, close up shop temporarily. Parents are trying to explain to their kids what is going on and why school was canceled. Right now the last thing anyone needs is to be worrying about how to make ends meet. People need to know they have support for their jobs, for businesses, industries. That is what our government has been focused on since day one. Yesterday we announced an 82 billion plan to support all canadians. This includes a. Whole range of measures people should be this includes a whole range of measures. People should be checking canada. Ca for more information. We want this to get to canadians as soon as possible. They are doing a fantastic job. I will have a long discussion with the clerk of the city council to talk about how we can support our Public Servants and ensure canadians can access th
Sure i dont like the way in which it was done it feels like they were between a rock and a hard place. The fed when i say panicked the fed took a victory lap a slew of Airlines Warn of head winds with lufthansa canceling 7,000 flights. Brent trades below 50 a barr barrel russia needs to get on board as iranian minister says there is no plan b. We are trying to reach to our colleague in other countries good morning, welcome to street signs. There is a lot to talk about in markets going on first, i want to bring your attention to substantial moves 10year yield in u. S. Has broken through basis points we have rallied about 15 basis points this morning. To put it into terms, rallied 30 basis points this week that is gigantic move in fixed income let me take you back through equities you can see almost every single stock in the stoxx 600 is under water. We had another 1,000point decline in the dow small cap in bear correction territory. About 80 of s p are also technically in correction ter
Thats the anxiety indicator, if you like. This morning, the yield is back up to 1. 00 . Ashley back up. Stuart back up, thats right. Well above the extraordinary lows that we hit yesterday. That would be record lows that we did touch yesterday. 1 even on the tenyear treasury. How about the price of gold, another flight to safety. Actually its down again, off two bucks at 1641. Okay. The primaries. A great night for joe biden. He won nine states including texas. He now has more delegates than bernie. Sanders did win california, but late deciders swarmed to biden. Bernie might not have won california if the two million early voters had just waited. Bloomberg did very badly, only winning American Samoa. His campaign is quote, evaluating its future. One of my colleagues at fox said never had anyone spent so much to achieve so little. Elizabeth warren, ultimate disaster, third in her home state of massachusetts, fourth in her native state, oklahoma. It was joes night. Hes back as a contende
Let the sun shine in the sun shine in let the sun shine let the sun shine in the sun shine in good wednesday morning welcome to squawk alley. Im Carl Quintanilla with john brennan and post morgan. At this hour the cairline ceos are meeting with the president this hour. We will give you updates as we get them and the rally, pretty impressive here stocks back in the green after the surprise fed cut rate tuesday. Steve milanovich joins us, tech strategist at World Research and the director of global mack affordability. I have been watching your tactical calls over the last week or so theyve been pretty sharp. You said you expected a rally this week. The question is now, what do we do with it yes, the markets remain in sort of a price discovery mode its unknown whether the low that was last friday, interday low at 29. 50 or so or whether its lower these are unknowable things because its a fastmoving development. But i do think friday we got to an oversold point and rally too, 3,100 was fai
President trump, Vice President pence and members of the administrations Coronavirus Response team met with Airlines Ceos this morning. They discussed efforts to prevent the spread of the virus among travelers. At the end, the president talked about super tuesday primary results. Some of the biggest and the best and know the business better than anybody. Theyve been in it a long time and emerged to in all cases head their companies and we were talking about the effects of the virus on the air travel and what they see. In a certain way you could say the borders are automatically shut down without having to say shut down. Theyre two certain extent automatically shut down but its affect thing the airline business, as it would. A lot of people are staying in our country and theyre shopping and, uh, using our hotels in this country. So from that standpoint i think probably theres a positive impact but theres also an impact on overseas travel which will be fairly substantial. Mike, maybe ill