Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was necessary, i would do it. Yes. Reporter whats your timeline on further travel restrictions, mr. President . Well, we are looking at different areas and we will make that decision
To get an idea of what was decided in washington. Spend a few minutes on points of interest. Viewers are familiar with frank l bain, he has a communication strategist joining us a day after the michigan president ial primary. He is is the wolverine state expected to be competitive in 2024. Did we lose did we learn anything new . Guest yes we did. Shakespeare said everything that is old is new and everything new is old. We will have a fascinating Election Campaign and i am concerned about the tone and demeanor and how we relate to each other. Listening to cspan often in the mornings, and it is a little bit quieter in the mornings and the evenings. But three things that stand out to me. Number one, there is no hesitation or doubt whatsoever that it is going to be joe biden versus donald trump. Any thoughts of someone coming in late is not going to happen. Second, there is discontent on both sides. That nikki haley, the governor South Carolina does not have a chance of taking the nominati
Investigation to subpoena Hunter Bidens tax records . Once you proceed along the impeachment, the constitution is on your side. The calendar is not. You have to quickly determine if this information will be withheld to seek judicial review. Thats one of the things that i encourage you to do so that you certainly dont you should not terry in an Impeachment Inquiry. Mrs. Oconnor, you agree with that . Completely. Mr. Dubinsky, would you like to see those bank records . Absolutely. Heres the thing, this is the bottom line. If Vice President knew, helped or engaged in any conduct while hi knew his son was involved in helping move forward the interest of russia and china are two strategic adversaries on the world stage, this would have been no. If the former Vice President knew his son was doing it or helped in any meaningful way, the American People deserve to know. If the president ial candidate for the Democratic Party in 2019 knew about any of those things, the American People deserve t
Announced he would step down. Bloomberg and Bloomberg Technology is next. This is Bloomberg Technology. Coming up, u. S. Tax reform clears the house. We will discuss what comes next and what it means for tax caps. Plus, inside googles fake news fight. Behind the spike in tech ipos in asia. But first, to our lead. Lawmakers have passed their version of the u. S. Tax code. Ratesshes Corporate Tax while adding over 1 trillion to the deficit over the next decade. The senate is preparing its own version of the bill, one would one that would delay the Corporate Tax cut for a year. Joining me now, we have our Bloomberg Tax reporter and in new york david kirkpatrick. Losers . The winners and in this bill, corporations will see their rate fell from 35 down to 20 . Businesses also see a corporate their tax rate cut, but it is a little bit more confusing. Companies that are really excited about this as this moves towards a territorial system which Means Companies are not tax as much on their prof