Against shortterm Municipal Bonds. Banks buy them from money market funds and then can get loans aga against them at the Federal Reserve, to address strain in another market, 3. 8 trillion market for state and local government bonds and airport bonds, all kinds of stuff in there. Only a part of that is eligible for financing at the fed these are assets that were held by money markets and money markets have been shedding assets in part because theyve had draw downs from corporate borrowers andenutional borrowers seeking to raise cash. Part of the seizing up of the financial system, the fed trying to come in and almost every hour appears as a new program to liquify markets. This now another historic step by the fed one of the first ones ive seen so far where they are not simply repeating what they did last time, but adding 12month and shorter highly rated Municipal Bonds to the money Market Liquidity Fund and im sorry, guys, i dont think theyre done yet. It would be surprising if they we
And with utter disdain for the people whose lives they want to run. Good stuff. Thats a blast right at the elites. Thats the president s theme for 2020. They dont care about you but i do. In the last 24 hours, the president s campaign brought in a record 24. 8 million, almost entirely from small donations. In new york city, joe biden raised 20 million entirely from the elites. I think its time we got to the fed, shall we . Five hours from now the Interest Rate decision and more importantly, the outlook for rate cuts later this year. That arrives at 2 00 p. M. Eastern. We will also see if chairman powell responds to the intense pressure for a rate cut that hes getting from the president. A flat market in advance of that. The Interest Rate news from around the world this morning is grim. Not here, no, over there. In four European Countries and japan, things are so bad that when you buy a Government Bond, you dont get any interest. In fact, they keep some of your money. No wonder the mone
Maria good friday morning, everyone. Thanks so much for joining us this morning. Tgif. Im maria bartiromo. It is friday, march 1, your top stories right now, 6 00 a. M. On the east coast. One southern border, two very different visits. President biden arriving in brownsville, texas yesterday to speak with agents making a pitch to congress to pass the Senate Border bill which allows 5,000 foreigners in every day before anything can be done to shut it down. Bipartisan Border Security deal is a win for the american people, the speaker of the house needs to put this bill on the floor. Heres what i would say to mr. Trump. Ill join you in telling the congress to pass this bipartisan Border Security bill. Maria meanwhile, President Trump speaking in eagle pass, texas, highlighting the dangers of the open border policy. This is a joe biden invasion. This is a biden invasion over the past three years, its allowing thousands and thousands of people to come in from china, iran, yemen, the congo,
Thanks so much for joining us this beautiful monday morning. Im maria bartiromo. It is monday, april 29, your top stories, 6 00 a. M. On the east coast. Coming up, the final few trading days of the month of april as investors focus on the fed. Futures indicating a gain at the start of trading ahead of the Central Banks meeting beginning tomorrow morning. The fed raised the bar on rate cuts so its commentary on wednesday afternoon will be critical. Weve got the preview. A week of jobs data, the job openings report out tomorrow, the april adp out on wednesday. The labor departments april report on jobs on friday. Big week for jobs, expected to grow 175,000 on adp. Plus, previewing market moving big tech earnings, amazon is out tomorrow, apple is out on thursday. Weve got the preview and a look at big tech this morning. European markets are mixed. Ft 100 is higher, as is the cac quarante, down 10 on the dax in germany. In you asia, green a cross the board. The japanese yen plummeting, bri
One of the worlds biggest crypto markets may ban trading altogether we are all over it power lunch begins, right now. And welcome to power lunch. Im melissa lee. We are around session highs now. The dow, nasdaq, s p 500, across the board, green, nasdaq seeing the biggest gain up 0. 7 of 1 . Transportens hitting new record highs. And hitting 70 first time in three years. Crude just under 65 a barrel. Movers, delta higher on earnings, raising 2018 outlook thanks to the effect of tax reform dfc systems a pop. Software provider bought by a Technologies Company for about 5. 5 billion and xerox up by 4. 5 on reports its in talks to strike a major deal with japans fujifilm melissa, thank you. What else is happening at the house. Epa says fuel economy in new cars in the u. S. Expected to hit 25. 2 mimes per gallon in 2017 vehicles the Senate Banking Committee Votes next week, second time on the nomination of jerome powell. To be your next Federal Reserve chairman. More on the deadly mudslides