Heard in the vicinity of the president ial palace as schrock on he made his inauguration speech on started speaking again was the noise subsided, telling attendees to stay calm. Ghani, the former president , took the oath of office today, after he was declared the winner of todays contested president ial election. The former chief executive who also declared himself the winner held a parallel ceremony in the capital. Both claim victory in the contested vote that was marred by allegations of vote rigging. The head of the International Atomic Energy Agency warned iran today that he expects to get access to the undeclared suspected nuclear sites. His warning follows the announcement last week that it identified three locations in iran where Nuclear Activity may have taken place without being declared to international observers. Of denial ofcase access under additional protocol. We never had this before. Second aboutr a iran. If i get a denial under additional protocols for complementary a
Begin to open questions about what does that mean, what are the risks inherent in that absolutely, rick, this is an issue that markets are paying attention to but again, both the commercial paper funding, if we get a facility, a similar way of trying to provide liquidity to markets and make sure companies can keep the doors open would certainly be steps forward to make sure that corporate sector doesnt experience too much stress as a result of this excellent thank you for your thoughts. Were running light on time and we will have you back as this proce progresses back to you. Good tuesday morning. Im Carl Quintanilla here at post nine of the new york stock exchange, Morgan Brennan at headquarters, jon fortt heads our coverage from the floor of the nyse compared to yesterday, relatively stable action no Circuit Breakers taken today, did lose 20 k briefly. Lets get to bob pisani. Not only is it a no, sir cut breakers but the volume is lower and the key event this week is going to be the
Weekend cutting its key Interest Rate by a full percentage point to near 0 and boosting its Bond Holdings by 700000000000. 00 markets are still getting slammed triggering a 15 minute hold again right off the open. Target range for our own Interest Rate by one percentage point bringing it closer or further we expect to maintain the rate at this one and who were confident that the economy has weathered recent events and is going to try to achieve our maximum employment and productivity go. Equities saying deeper into bear territory as the dow is now about 30 percent off its all time highs investors are digesting nonstop news full of companies shutting down operations countries sealing borders and infections spreading in normal circumstances a large policy response such as this weekend would put a floor under risk assets and support recovery however the fear is exponential and markets are questioning what else Monetary Policy can do in mitigating coronavirus induced risks investors are li
1 you see it there at. 89. An amazing day yes, it is. Thank you so much. Welcome to power lunch. We have all the angles of this historic sell off covered. Bob is watching stocks for us. Rick tracking the historic lows in bond yields all eyes are on the trump administrations response and stooefr steve is on the feds next move. Well start with bob were back at the lows for the day. That 7 level becoming important because of the Circuit Breakers. We had the halt at 9 33 eastern time lets review the Circuit Breakers because they were very important this morning these are long history but only used once. Level one down 7 . We saw that at 9 33. Theres no other halt if were down 7 . Next level is down 13 that would be another 15 minutes until 3 25 p. M. Eastern time and there would be no trading halt at all unless we went to level 3 down 20 that would halt trading for the rest of the day. These Circuit Breakers had a long history this goes back to 1987 remember that 22 drop everybody said we
Garcia. This is a live look of the grand princess cruise ship expected to dock at the port of oakland at noon. That boat is carrying 3,500 people and there are at least 21 people on board there infected with coronavirus. Nbc bay areas Sharon Katsuda is live in oakland with more. T passengers will disembark around noon today. It may take longer than that. Lets take a look at sky ranger live video. The cruise ships way here. The ship has been sitting off the coast for s members, tested positive. They will stay on board and move on to a different location. The other 2,000 plus passengers who are not showing symptoms such as fever and a cough will disembark to other locations. Local leaders say theyve been advised by the federal government that passengers will only be on the tarmac, never in public space at the airport. We facetimed a cruise passenger on all the developments this morning. I have mixed emotions right now. Were glad to be getting off, but then again were going into quarantin