[laughter] [inaudible] everyone pass their temp checks today . All right. [laughter] social distancing. Ok. [inaudible] thank you. Beautiful day outside. I think we have some great things to talk about. The federal reserve, as you know, it just happened 10 minutes ago but to me it makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market shou
Fugitives into the hole with all the sports which all over the world continues to be called off all played behind closed doors including this football match at brazils american or stadium once famous for holding muti 200000 fans in the World Cup Final. Welcome to the news our governments around the world have stepped up restrictions on the movements of their citizens to reduce the spread of the coronavirus the number of deaths recorded in italy has risen 25 percent in the past day to just over 800 overall its only has the highest number of cases outside of china that almost 25000 spade became the 2nd european country to impose a nationwide lockdown its confirmed 2000 new cases and the number of reported deaths as doubles and then in the middle east. Iran has announced 113 people died in the past 24 hours the number of confirmed cases is nearing 14000 in the United States increased screening measures for people returning from europe of course chaos at airports the u. S. Has imposed a ba
In what minority leader Chuck Schumer called the largest rescue package in american history. Boeing and the Airlines Getting a huge lift on the back of that stimulus package with some names up 20 or more and treasury yields pulling back today with onemonth and threemonth yields in negative territory for the First Time Since 2015 weve got a great lineup of guests for you today including two key players in the global food chain the ceo of yum brands, they own cfl, pizza hut, and taco bell, keeps some open for pickup and delivery the ceo of mondelez, the steps his company is taking for his workers to keep that food on the shelves. Lets focus in on the big stories we are watching today. Mark santoli is tracking the market but kayla has the latest details on the massive stimulus package and when we can expect it to actually pass. Sara, the text of the legislation was circulated around 10 00 this morning before republicans and then democrats in the senate held respective calls with the treas
More rate cuts or more could be on the way and get this a week that saw a thousand point swing in the market nearly every day was ultimately a giant round trip to no where the s p 500 ended the week pretty much exactly where it began. I think the dow was able to finish slightly higher karen finerman, this was going to be your chart of the week we were doing the next block we have to lead with it. Everything is fluid right now. What happened this week. If you look at the chart you will see a one and change move for the week imagine what a different feel we would have if every day during the week the market moved 30 backups each day and that would get us right where we are right now thats the change in the week. But thats not how it happened we have a very different market. A treacherous market, up a thousand, down a thousand day, back and forth, is it really its a scary market. And we dont know where the bottom is going to be. But it was starting to feel panicky here and so if you are a
Decision to temporarily lower Interest Rates to zero. Beautiful day outside. I think we have some great things to talk about. The federal reserve, as you know, it just happened 10 minutes ago but to me it makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financia