The comments from the reserve bank of new england, a move for the new zealand kiwi dollar up by. 5 . That is where we are at the moment. Lets look at what is going on in the first word news as we get to new york and join karina. Has dodgedowell Senate Efforts to make and take sides on coronavirus 80, maintaining a neutral stance in the debate over whether the u. S. Should add to its stimulus. Powell and Steve Mnuchin testified remotely to the committee. How all reaffirmed his stance more fiscal help may be needed but stopped short of a full endorsement. China has taken another swipe at australia over calls for an investigation into the origins of the coronavirus pandemic. Having put duties on burly and some beef imports, beijing is threatening to target wine and. Ary, and dairy other products could face punitive measures and their are rumors state media could call for a consumer boycott. We advise australia to read the original text carefully and not take conclusions for granted. Weve
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the
Guys are this is the poor boy weve got a shocking story involving a french guy Bernard Arnault you gotta love it well bernie erno you know he owns a major versus luxury goods they do louis v. Tahn and all these other Luxury Brands out of france i remember a few years ago when notre dame burned down he was so generous and gave billions of dollars. I want to look at this notion of these billionaires increasingly showering us deplorable zz with their benevolent large jest right because bezos also recently hes now worth 130000000000 he recently gave 10000000000 he says towards Climate Change a few years ago about a decade ago it was mike microsofts bill gates and Warren Buffett who were then worth about 40 to 60000000000 and they said were going to give all of our wealth away to charity now theyre each worth over 100000000000. 00 and this is the process that were always talking about about the cantillon in fact all the money printing is going to these billionaires directly so were going to
More and more people to flee their homes and ask if that is the solution. Our planets climate is changing at an alarming rate and leading to extreme weather patterns over the past 140 years since 880. 00 the earths average surface temperature has risen by just over one degree but the rise is already having an impact. Storms flooding and drought a causing more and more people to leave their homes the un says that 5205200 1000000 people will have been displaced by the effects of climate change. Where will they go. Blow grew up here in the highlands of guatemala. Shes grown potatoes all her life in recent years things have changed. Yet this little plant and as you can see she isnt Strong Enough to survive if we cant use it for seeds or potato production its a loss in sydney. Every year drought and frost destroy many potato plants which is all her family grow on their fields. In guatemalas Western Highlands most people are small scale farmers and 3 quarters of them live in poverty during t
Oh max kaiser this is the kaiser report boy weve got a shocking story involving a french guy bernard arno oh man during all of this they say well bernard know you know he owns f. E. M. A. Traces luxury goods they do louis v. Tahn and all these other Luxury Brands out of france i remember a few years ago a noted on burn down he was so generous and gave billions of dollars i want to look at this notion of these billionaires increasingly showering us deplorable zz with their benevolent large yes right because bezos also recently hes now worth 130000000000 he recently gave 10000000000 he says towards Climate Change a few years ago about a decade ago it was mike it was microsofts bill gates and Warren Buffett who were then worth about 40 to 60000000000 and they said were going to give all of our wealth away to charity now theyre each worth over 100000000000 and this is the process that were always talking about about the cantillon effect all the money printing is going to these billionaires