Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not. The fed, neil, you know this, basically what the fed has done in credit crisis over seven or eight month period t was done within hours this weekend markets reacted in the first 10 seconds. We dropped on the s p 500. We had a 15 minu
Thinking this whole kit and caboodle, it is getting real on the market. It is very hard to pry off. Hence todays action again. The dow is down. Nasdaq giving up and paint drying. And we are go to hear from a banker later on in the show. We heard about a weakening consumer today from the owner of darden. Which happens to be part of the mad money staff. Finished down 8. 9 . It yields 42 . But, that yield might not be the protection it used to be. That more than doubles the tax on dividends. We saw one of the biggest retail jugger nauts, the gap. Sales have become sloppy to surrender 3. 57 or 10 . Although that doesnt spell the death of retailers, we go off the charts tonight. And we witnessed downward pressure in the oil sector. Today is the first day when the group got any lift at all. So what do we do . Is it game over for equities should i go home . No, no, no. Let me first say absolutely not. We have to get either to a cliff resolution, or so the situation where no one expects the re
Previous month in following social distancing have together helped us to bring this virus under control. I commend the statement of the house. Thank you and i thank the home secretary for her statement and advanced we have been calling for sensible, and we it is vital the uk has a plan for minimising the risk of infection is coming into the country but the home secretary must also realise there are a fundamental question she needs to realise she needs to answer. Why these particular measures and why now . From when the lockdown was imposed, only 273 people were formally quarantined from four flights, three from one hand, one from tokyo, when over 18 Million People into the country by air. The home secretaryjust said in her statement this was because domestic transmission was widespread, but this is what the government because my own chief scientific adviser said, and i quote a lot of the cases in the uk didnt come from china, and didnt come from the places you might have expected. They
For the president to sign into law will be ready later. President trumps single legislative action. Its passage nearly as passed. Overnight passed the law, made some technical changes, and the house is forced to hold the revote today. Passed. No democrats voted for the bill. So pretty sure bet they wont be boarding the buses at the capital waiting to celebrate. Earlier the president revelled in the success of passing this new legislation. Not only hailed the fact that it cuts most individual tax rates and drastically cuts business taxes, but he also touted that it ends the obamacare rule that people had to buy Health Insurance or pay a fine. When the individual mandate is being repealed, that means obamacare is being repealed. Because they get their money from the individual mandate. So the individual mandate is being repealed. So in this bill, not only do we have massive tax cuts and tax reform, we have essentially repealed obamacare. And well come up with something that will be much