Stabilized but that doesnt tell you what is happening beneath the surface. The 10year yielding 0. 8 . Updates on the outbreak in america. We are now more than 4,600 confirmed cases. At least 85 deaths last night, President Trump vowing to backstop u. S. Industries saying the u. S. Will be power fully supporting those Industries Like airlines and others impacted by the virus weigh will be stronger than ever before the eight largest u. S. Banks announcing they will be jointly accessing funding from the Federal Reserve. There has long been a stigma and they are all doing it together Morgan Stanley being the first bank to do it. We should not take anything away from that decision the ceo also happens to be the chairman of the committee that put this group together that went to do this. Joe. Investors are looking for a substantial fiscal response from washington to try to stem the he can economic damage. Reporter we do expect congress to move today not sure when the senate will take action,
Can World Airlines survive coronavirus almost all flights have been grounded thousands of aircraft and multiple governments are now promising bailouts to keep the industry in the skies but will that be enough this is inside story. Hello and welcome to the program on peace adobe will leaders are being forced to take drastic emergency measures to confront the worsening Coronavirus Crisis that meant to keep people alive but they are killing the Global Economy with lockdowns in place around the world millions of people are being laid off Tourism Industries are already critical Consumer Spending has crashed so to stock markets and oil prices billions of dollars worth of perishable products have also been destroyed but few industries have been hit as hard as the aviation world the International Air transport association i oughta says the industry stands to lose more than 250000000000. 00 in revenue this year and thats assuming things recover in 3 months singapore emirates and Turkish Airline
Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
We thank everyone for joining us for our first Small Business meeting of 2020. I want to especially thank the witnesses for taking the time to travel from across the country and take time away from their businesses to have this important discussion. There will be members coming and going or overlapping hearings with other committees. Youll see folks, and we ask for your patience with that as well. Farming and agriculture are at the heart of strong economies around the country. It is crucial to insure that our communities thrive. Coming from colorado, i understand the importance that farming and agriculture have on our states way of life and economic wellbeing. Nearly half of colorados 66 million acres are dedicated to over 30,000 farms and ranches. Many of which are small, locally owned operations. Colorados a leading producer of cattle, corn, wheat, and dairy. Colorados small farms are raising everything from bison and ostriches and growing mushrooms and grapes to name a few. In the 2
Reach. I like real businesses, real clients, real revenues, real profits, they have got all of it. Abigail the imf predicts growth will rebound in 2020, but the director issues caution. Monetary policy space is shrinking. Abigail and the ecbs bill blaine has his insight on challenges ahead. Even though the Manufacturing Sector has faced a lot of challenges, but overall domestic demand is significant and continues to be. Abigail it is all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The human cost of the coronavirus continued mounting continued to mount as the week began, with reported cases nearing 75,000. And as expected, more and more companies are cutting revenue forecasts in light of the outbreak. On monday the warning came from apple. Shery apple is the latest company to issue a virus