Herman cain in a few moments. We all heard about the power of prayer. Some experts say there is actually Science Behind it. I will ask Jonathan Morris for his take on that. That and so much more on making money. Charles so the market meandering, with the dow and s p consolidating gains from yesterday. Nasdaq stemming gains for the year. Todays trading range is narrow. But that hasnt been the case for the year. In fact were seeing record volatility. Meanwhile professional investors are loaded up with defensive investments. Should you be following their lead . I want to bring in Divine Capital dani hughes, along with bny chief Market Strategist alicia levine. Before hitting those topics, ladies, i want your reaction to the overall market. Equities are acting great. Seeing perhaps a rotation out of bonds into stocks. Alicia, feels like everything is on the cusp of breaking out. Charles, let me say, great to see you again and great to have you back. Charles thank you. The market is bumping
States. The reality is that, yeah, this is where covid19 is taking its steepest toll. This is this is who is feeling the brunt of this disease. Woodruff all that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by Consumer Cellular offers nocontract wireless plans that are designed to help you do more of the things you enjoy. Whether youre a talker, texter, browser, photographer, or a bit of everything, our u. S. Based Customer Service team is here to find a plan that fits you. To learn more, go to consumercellular. Tv fidelity investments. Bnsf railway. The john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff two different pandemic plot lines are playing out in washington tonight. The preside
To this virtual hearing the honorable steven mnuchin, secretary of the department of treasury and the honorable jerome powell, chairman of the board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the Exchange Stabilization fund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketpl
The reality is that, yeah, this is where covid19 is taking its steepest toll. This is this is who is feeling the brunt of this disease. Woodruff all that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by Consumer Cellular offers nocontract wireless plans that are designed to help you do more of the things you enjoy. Whether youre a talker, texter, browser, photographer, or a bit of everything, our u. S. Based Customer Service team is here to find a plan that fits you. To learn more, go to consumercellular. Tv fidelity investments. Bnsf railway. The john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions this program was made possible by the corporatn for public broadcasting. And by ctributions to your pbs station from viewers like you. Thank you. Woodruff two different pandemic plot lines are playing out in washington tonight. The president is defend
Rates. Not want negative the bank of englands own debate with subzero policy continues. Andrew bailey testifies today as the u. K. Chancellor sees a recession unprecedented in scale. 6 00 a. M. In london, 9 00 a. M. In dubai. The global debate on negative rates. Rbnz thatt was the shifted the dial in terms of monetary policy. Only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. I think it will be interesting to see where the fed would be with the ecb. Their rhetoric is shifting further away from the and irp domain nirp domain. Lets see what happens with the bank of england. Nejra you love that phrase and i do remember it well. Absolutely saying that negative rates have got to jump the hurdles. When we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but