So. Than in the 1st. Step towards justice for thousands of victims. Welcome to the program. Again warned that the fight. Is far from over and that the country. For the long haul has been addressing the bundestag thats the German Parliament. Extra as the country begins to slow. Concerned about the extent of interest frictions have been eased in some states. With the crisis. But you also have these words of caution for everyone living in germany new month with the go nobody likes to hear it but the truth is not in the final phase of the pandemic instead were still at the beginning we will have to live with this virus for a long time and the question of how we can prevent our Health System from being overwhelmed and consequently costing the lives of countless people this question will remain a central issue for politics in germany and europe for a long time to come. August you pretty. Good average of Political Editor. Is in the German Parliament this morning for. Merkel has also criticise
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Italys Prime Minister said it would derive from properties on h derived from higher Interest Rates. The net income exsceeding the growth for 2022 and 2023 citi estimated that would be equal to 19 of bank net profits for the year the tax would only apply to domestic Net Interest Income if this were to happen in the United States it is not happening i know. I dont know what would happen to the world. It is like when hell freezes over scenario. 40 windfall profit tax on banks. Do you think this is such a game changer that you would ever be in business in italy ever again . I think they view banks as utilities in italy i think investors will think about Certain Industries now at the beck on call of the government it can be wiped out just like that it changes your money. Chinese communist out of nowhere with the Tech Companies in china the trading Certain Industries. In other bank news, moodys cutting ratings with several banks and downgrading the biggest lenders. The credit strengths will
Even started. He is proven to the world what it means to have an unqualified commanderinchief. It involves more than 25,000 iraqi troops. Cordoned off eight villages on the city policies outskirts. 25,000 iraqi troops in addition to airplanes and advisers. Officials are criticizing efforts by the United Nations to strengthen sanctions, a nuclear test in september. Officials tell the Associated Press the proposed sanctions accused the u. S. Of orchestrating the punishment. Day andews 24 hours a more than 120 countries. This is bloomberg. Amanda live from bloomberg World Headquarters in new york. Rise monday stocks unleashing unleashing a fresh round of earnings. At t can add wall street to the list of skeptics. Andsome lawmakers politicians have come out against the deal. Ameritradel, td tim later this hour we will break it all down into days the numbers do not lie. Cliff lets take a look at where the major averages stand. Echoing what is happening globally, igniting enthusiasm. Area of
The chaplain dr. Barry black will lead the senate in prayer. The chaplain let us pray. Eternal father, you hold victory in store for the upright. As we cross the threshold of another day, thank you for calling us to be your sons and daughters. Bless our lawmakers. Make them bigger in their thinking, in their praying, and in their outreach to the huddled masses yearning to breathe free. May our senators find nourishment in your sacred word as they press toward the goal of becoming more like you. Lord, lead them upon the byways and highways of service in a way that glorifies you. Grant them grace to walk in your light and follow your guidance. Thank you that your grace abides with us all hour by hour and day by day. We pray in your strong name, amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with libe