They are right now. Neel kashkari helped pull the nation out of our last economic crisis. Now with the Federal Reserve, he has a frank view of what must be done to save the economy from coronavirus. Having been on the front line of the 2008 financial crisis, and i saw how devastating that was, we did get through it. We will get through this crisis. Rightwing populism is making a notsosubtle comeback in europe. We found an interesting example in hungary, where a Government Program intends to stimulate birth rates by taking over fertility clinics, offering free treatments, giving cash loans, and even subsidizing minivans for young, married couples who become new parents. Im lesley stahl. Im bill whitaker. Im anderson cooper. Im jon wertheim. Im scott pelley. Those stories, tonight, on 60 minutes. ticking togethe a hand especially now with 6month payment relief. Buy a new ford, well defer 3 payments and make 3 payments for peace of mind up to 6 months. Shop at ford. Com or contact your fo
Arrivals from europe and sets off a Coronavirus Task force amid new warnings of a potential surge in infections but is japan reacting quickly enough. And a shame on you europe coming from the chief of the european union. And europe really just to be there for each other. Too many initially looked out for themselves. When you really need it and only one spirit too many initially gave and only from the response you Commission President on the law and criticizing a lack of solidarity and coordination and the e. U. Come together to tackle the virus crisis. Its good to have you with us the United States is well on its way to becoming the new epicenter of the code 19 pandemic countries death toll has now topped 1000. And with nearly 70000. 00 confirmed cases the country trails only italy and china for the highest number of infections the United States economy is also reeling with the crisis fueling a record surge in unemployment claims meanwhile the countrys largest city new york is struggli
Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it
Its not always pretty. Ill take the shower. Jen, you take the toilet. I dont do the toilet in my own house. Really . But this is business. I do it to save jobs, and i do it to make money. This the profit. [upbeat music] ecome is an allnatural cleaning product started by Robin Kay Levine in 2006. With the partnership of her childhood friend jen mihajlov, a 12 owner, they built ecome up from a small, doityourself cleaning kit to a 17piece cleaning line, including doggrooming products. This product is sold nationwide at stores like whole foods and target, and last year they did a half a Million Dollars in sales, with only six employees. I personally use this product in my own home and find that it works extremely well. To stay in business, robin has leveraged friends and family to find every penny she can, and theyre nearly a half a Million Dollars in debt. Im really freaking out right now. Household cleaning is a multibilliondollar industry, and environmentally conscious products are bec
The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc