3 a slow news stations. And breaking news happening right now protests erupting in the east bay over the shooting of jacob blake by police in kenosha wisconsin. Good evening, im ken wayne and im pam moore. Blake shooting has sparked protests across several cities in the nation kron fours Ella Sogomonian is live in our newsroom right now with more on the demonstrations happening in oakland tonight l a. Mccann hundreds of people have taken to the streets already in just the last hour or so in response to similar what we saw last time with the killing of george floyd except this time, theyre chanting the name take a flake. This is video courtesy of dennis pres bravo on the ground in open right now as they make their way down broadway and hes reporting broken windows and fireworks allegedly shot at police. Jacob blake is a man who was shot by officers in kenosha wisconsin this weekend and just outside his car which his children were sitting in the 29 yearold is now recovering in the hospit
Central banks step in. The case is strong for them to step in. They want the fed to cut. I dont the fed will cut. They should be cutting. I dont think the fed should cut. Monetary policy is prepared to act, but will be effective . The effectiveness would be tremendous. Interest rates are not vaccines. We would see some turnaround in the markets. The fed is fairly impotent in this environment. On the other hand if they do nothing, it can make the situation worse. Jonathan joining me around the table in new york, Subadra Rajappa and Mike Schumacher and in houston, victoria fernandez. Victoria, i want to begin with you. We should start with efficacy of the central bank move and the willingness of central bankers to step in. Lets start with the latter. We are they . Victoria we are not seeing them willing to do anything at this point in time. The South Koreans did not lower their rates when people expected they might. You have germany coming out and saying they have enough stimulus on the