Markets followed suit both germanys dax and londons footsie making nice gains today the italian stock exchanges well looking somewhat better but italy has announced the equivalent of a nation wide lockdown to talk more about that chelsea de laney is standing by for us in frankfurt. Tell us about the effects then on the eurozone considering whats happening to the euro zones 3rd biggest economy. Well for italy this a lot of economists say this basically guarantees a recession expectations for italys g. D. P. This year were basically flat there was expected to be no growth and these containment measures are going to have a Significant Impact on the economy what the government has said so far is that people can still go to work if they need to Public Transit is still open in some cities but this is obviously going to head you know travel tourism retail all sorts of industries and it could certainly push italy. Into recession but what this means for the broader eurozone is really going to b
Announced the equivalent of a nation wide lockdown to talk more about that chelsea de laney is then by force in frankfurt. Tell us about the effects then on the eurozone considering whats happening to the euro zones 3rd biggest economy. Well for italy this a lot of economists say this basically guarantees a recession expectations for italys t. T. P. This year were basically flat there was expected to be no growth and these containment measures are going to have a Significant Impact on the economy what the government has said so far is that people can still go to work if they need to Public Transit is still open in some cities but this is obviously going to head you know travel tourism retail all sorts of industries and it could certainly push italy into recession but what this means for the broader euro zone is really going to be determined by what happens to other euro zone countries and in terms. Spread of the virus germany for example is also dealing with the surge of corona virus c
Mexico could encourage more investment leading to higher Economic Growth the private sector think tank said last week that is why it is indispensable to guarantee the security of the private Sector Center for economic studies said in his weekly report i dont get it may and i mean look at america we know at j. P. Morgan we know and jamie dimon their Business Model is to keep 0. 90 of every dollar they steal they pay 0. 10 of every dollar they steal as a fine they played hundreds of millions of dollars in fines jamie diamond before the crisis was a midlevel guy in america now hes a billionaire from committing serial fraud and theyve been you know had to face the music many many times so i dont understand why theyre singling out mexico it seems like crime pays well this is a local think tank and theyre looking around and wondering why its the 1st year in a decade that the economy the g. D. P. Has shrank and theyre saying well perhaps if we could. Down on all these headlines on these stori
Markets followed suit both germanys dax and londons footsie making nice gains today the italian stock exchanges well looking somewhat better but italy has announced the equivalent of a nation wide lockdown to talk more about that chelsea de laney is standing by for us in frankfurt. Tell us about the effects then on the eurozone considering whats happening to the euro zones 3rd biggest economy. Well for italy this a lot of economists say this basically guarantees a recession expectations for italys t. T. P. This year were basically flat there was expected to be no growth and these containment measures are going to have a Significant Impact on the economy what the government has said so far is that people can still go to work if they need to Public Transit is still open in some cities but this is obviously going to head you know travel tourism retail all sorts of industries and it could certainly push italy. The recession but what this means for the broader eurozone is really going to be
Bremmer, and Gabriela Santos the dow is down now almost 700 points again coronavirus fears sending the market plunging. The dow falls at one point more than 1,000 points at session lows all sectors going into correction territory which means 10 off their highs. Stocks are off to the worst level of the session after jay powell came out with a statement saying the fundamentals of the u. S. Economy remain strong and bond yields are plunging again sending Mortgage Rates to their lowest levels in eight years joining us for the hour, the final hour of trade is lindsey bell from allied invest. Also with us is senior markets commentator mike santoli as always to take you through the bell lindsey, what are you getting from some of your clients and what are you telling them . Our clients are retail clients. They are definitely concerned. So were telling them first and foremost, please do not panic. This is why you should have an investing plan in place. And always go back to that plan to reasses