Those are leading the gains today and recovering at the peak now 35 or so40 , from those record highs. David now we have an announcement that the fed is including their money Market Facility to include muni debt. Taylor this is interesting. There was a lot of talk on there. The muni market in general is much more illiquid than the rest of the market. Not surprising to see that in a week like we just had, with stress showing up even more and more. Muni traders continue to say there are some shortterm issues , but theres a lot of issues going on on the long end. I believe in previous laws, the fed could buy these up to six months. This expands it to longer dated maturities. We are getting a lot of that illiquidity on the tens and on that yield curve. Also, they had record outflows, according to as of yesterday. I would imagine this gives a little bit of some confidence to some money market facilities to also include muni debt. David what about all this talk about bailouts . There are neg
Globe would be the shutdown more restricted access to help fight the spread. Well the coronavirus pandemic is only timing its grip on europe this friday to the point where italy is calling in the army to enforce a lockdown in the region of lombardy that is where we will start as we go around the world this hour italy 1st of all with just over 3400. 00 people have died that is now more than anywhere else in the world including china infections of now surpassed 40000. 00 there as well in spain the numbers growing at an alarming rate a 1000 people have been killed and fictions are up at 20000. 00 almost in the middle east iran Just Announced another 149. 00 deaths bringing its total to more than 1400 president Hassan Rouhani is calling on iranians to stay united to tackle the crisis and in the United States the governor of the countrys most. State california has told everyone 40000000 people stay indoors stay home 1000 infections have been reported there so here is the team this hour on A
Spain has edged to another daily high official figures suggest its infection rate has dropped. You numbers just released by the u. K. More than 200 people have died in the last 24 hours as a result of the current pirates well take you to greece where aid agencies say unsanitary conditions at a refugee camp are risking lives. We start in the United States where corona virus infection and fatality rates are rising fast and now the countrys foremost Infectious Disease expert has given his prediction of just how bad things will get dr anthony found she says there could be between 10200000 deaths in the u. S. And millions of cases his warning comes as the federal government considers rolling back some containment measures meanwhile in europe spain recorded another 800. And that here deaths on saturday thats a new high its infection rate however with and in the u. K. Theres been 209. 00 deaths in the past 24 hours raising the total that a 2118 a short time ago the housing minister says the u
Character that we are seeing that a lot of people are talking about it were 141 countries from what theyre telling me and some of those countries are really working in a unified manner and theyre working very unified with us almost i could say good a good number of them doctors and nurses are working nonstop to heal the sick citizens and churches are delivering meals to the needy truckers are making the long d haul to keep shelves stocked weve been dealing with the big stores and the big chains walmart theyve been fantastic and others theyve all been fantastic weve made it much easier for them to stock in terms of travel and travel restrictions were lifting restrictions so they can get their trucks on time youre seeing very few empty shelves and yet the amount of volume that theyre doing is unprecedented because people want to have. What they have to have what they feel they have to have and theyre also buying in slightly smaller quantities which is good because were not going anywhere
Doctors and nurses are working nonstop citizens and churches are delivering meals to the needy. Truckers are making the long haul to keep shelves stocked weave been dealing with the big stores and the big chains. Walmart have been fantastic and others we made it much eaie easier to k the am of have yoount of volumee doing is unprecedented they are buying in slightly smaller quantities were not going anywhere were going to be here americans from every walk of life is skomi ingcoming togethe. Were going to win this war. America will triumph and america will rise higher than ever before we have learned a lot. We have learned a lot. We have learned a lot about relying on other countries and i can say that i think in a very good and a very bad way. Some good things came out of it and some not so good things came out of it. Id like to move to invite our team to provide nfginformation n the new measures to prevent viral spread ill ask secretary of state pompeo to speak. Hes doing the other mo