We were effectively at the lower bound already, so that is coming in at 25 basis points. The Canadian Dollar was already weaker before this. It is weaker now by 1. 5 versus the u. S. Dollar. Lets take a look at where we stand markets wise. We knew after the retail sales data we would like to down, and we are. Awn 2. 4 for the s p 500, and move for the 10 year yield is well back down to 66 basis points. Crude oil has recovered ever so slightly. We were at the 19 handle for most of the morning. 42. Vix is back up to what is happening in europe, guy . Btp spread is widening out. It seems every nation for themselves. It seems there will be no mutualization of debt. Every sector is a negative territory right now. The banks and the oil stocks are the worst performers. You got a pound on offer, the dollar generally bid today. The market is looking for a little bit of safety today. Vonnie arent we all . Lets get you our first guest. We are delighted to be joined by joseph stiglitz, Columbia Un
Out with a pessimisticout with k on demand. Romaine what kind of economic drag that would have and the factories in the market, we are seeing a little bit of that priced into the market today, although we did see and we should point out some optimism and tech names, primarily secondtier tech names in the videogames space as well as telehealth companies. With us is Liz Ann Sonders of charles schwab. Lets talk about this earnings season. I guess depending on your perspective, you will either be the biggest thing in the world or biggest nonevent in the world. Im wondering, once we get this data from the companies, we start to get guidance and hear from ceos, what do you think we will be able to glean from this commentary and from these numbers about the future . I think the actual reports for q1 are somewhat of a nonevent given to out of the three months were pretty decent. Ae problem is given that large percentage of companies, certainly a record percentage have simply withdrawn guidance
Response is . We do not. Sebastian businesses size up the dent in their bottom line while bracing for continued headwinds. We did see in february the fix was down 85 . If i talked to our colleagues in china, they say it is Getting Better everyday. We want to do our best to fight this crisis and achieve our targets. Sebastian plus investors, economists, and policymakers offer guidance in a time of financial turbulence. I think the odds are 80 that we will have a recession. The Oil Price Decline is very, very good for india, good for china. We can survive with threeity, we have for months, six months, nine not months. Many people are going to go bankrupt. Sebastian that is all straight ahead on bloomberg best. Hello and welcome. Im Sebastian Salek and this is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Flash back to last friday and talks
That was the whole shock and awe. Central banks finally starting to get it. Do we have some actual details as to what the fiscal responses . We do not. Sebastian businesses size up the dent in their bottom line while bracing for continued headwinds. We did see in february the fix was down 85 . If i talked to our colleagues in china, they say it is Getting Better everyday. We want to do our best to fight this crisis and achieve our targets. Sebastian plus investors, economists, and policymakers offer guidance in a time of financial turbulence. I think the odds are 80 that we will have a recession. The Oil Price Decline is very, very good for india, good for china. Weekend survive with liquidity, we will have four three months, six months, nine not months. Many people are going to go bankrupt. Sebastian that is all straight ahead on bloomberg best. Hello and welcome. Im Sebastian Salek and this is bloomberg best, your weekly review of the most important Business News, analysis, and inter
As to what the fiscal responses . We do not. Sebastian businesses size up their bottom line with continued headwinds. We see the business down 85 . Colleagues in china say it is Getting Better everyday. Can want to do our best to fight this crisis and achieve our targets. Sebastian investors, economists, and policymakers offer guidance in a time of financial turbulence. I think the odds are 80 we will have a recession. The Oil Price Decline is very good for india, good for china. Liquidity, three months, six months, nine months, people will go bankrupt. Sebastian that is all straight ahead on bloomberg best. Hello and welcome. And this isn salek your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. Last friday and talks between saudi arabia and russia as Oil Output Cuts collapsed in vienna. Opec Officials Say they will work toward a deal, but the kingdom announced it woul