Welcome to the program our top story the u. S. Federal reserve us cut Interest Rates back to near 0 in an effort to boost the american and Global Economy during the course of this and demick President Donald Trump congratulated the central bank during an announcement at the white house it lowered the fed rate. From what it was which was 121425 and its been lowered down to 020. 24 or point 24 so its 02. 2 for. A big difference its a. Quite a bit of a point. Lets go live to mike hanna now hes in washington and this is really the most drastic step taken by the u. S. Federal reserve since the financial crisis of 2008 i guess it gives you a sense of the shock the coronavirus pandemic is about to cause or is already causing in d. D. s senate also follows weeks if not months of urging by President Trump for the fed to drop its rates virtually on a daily basis the president has been insisting that the fed is airing by not dropping its rates so certainly this now is a major step in terms of cre
Of mosafi prize described the achievements of iranian scientists as unique. Celebrating the top women in the field of media the First International khurshid media festival ended with the introduction of the winners. At we will check the news talk tonight. Identifying the introduction of influential women in the field of media in the world , especially in the country. What is the role of islam in introducing the real status of muslim women to the world . To what extent will this festival have a positive Global Attitude towards the role of iranian youth . And the Us Government is on the verge of shutting down at the beginning of the new fiscal year. American people say that such an event will change their lives. I am really worried because our lives will be disrupted , we will not have military forces to provide our security, nor will there be a guarantee for us to come to work. Of course im worried. I fly on monday i have and i dont know what my assignment will be. This news and more at
This is Bloomberg Markets middle east. Sinking amid a surge in the dollar. We have bearish options, take a look at this chart, bearish options hedging against a price drop, the most since july 2015. That is a 10 jump. Bullish, contracts bullish contracts you see on the chart. Donald trumps election when led to speculation that increased Infrastructure Spending will push Interest Rates fast. Almost certain december rate hike approaching. The postelection rally continues. Three weeks of widespread gains. Simultaneous highs at the end of last week. The s p, doubt, and nasdaq all closing on friday to hit those record levels. Here in the middle east, we are just under two hours away from the open of the emirates market in dubai and of the dobby. Lets run you through how the market last closed across the region. We saw moves with stocks that are not necessarily responding to specific events or fundamentals. We will get more on that with our markets reporter. Dubai closed 7 10 of 1 down. Abu
We await the word from the European Central bank tomorrow. Thats going to be very interesting. Yes, well get to more on that in a second. What all the Central Banks are up to. Oil rebounding but that didnt stop canada from cutting its key Interest Rate north of the border and they did that because of how the dramatic fall in oil prices is rippling through the nations economy. Well get into that a lot more with to do ameritrades ceo fred tomczyk is back with us. They had good looking earnings. They had record asset accumulation by their clients in the last quarter. What are they doing with that money, thats the question, what their clients are doing with that money. And this is not a technical glitch. Look at netflix, you talked about this last night. They had blowout earnings. It is up 17 , about a 60 gain after those earnings the explosive growth first reported on the closing bell yesterday. We will follow that stock into the close and at least one of our guests says you can still buy