Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the
Macroeconomics warning, fedex is taking new action to shore up its bottom line. And House Republicans prepare to layout the agenda if the party is able to retake control of congress with just about six weeks to go until the allimportant midterm elections. And later on, pepsi relinquishes the super bowl halftime throne to one Little Company from cupertino it is friday, september 23rd, 2022 you are watching Worldwide Exchange on cnbc. Good morning im dominic chu in for Brian Sullivan lets check on the stock futures. With the dow and s p and nasdaq set to end the week sharply lower. Right now, futures are pointing to 157 point drop for the dow. S p down by 24 nasdaq down lower by 92 points on the bond market, Interest Rates are a big folk focus withe by the fed a hike in the 10year treasury 3. 717 2year treasury is the 4. 16 inversion is still taking place with yields are shortterm are higher than longerterm bonds. Right now, in energy, oil prices taking some moves here in stride what we
The Bank of England has announced a temporary bond-buyback program in efforts to stem the impacts of the strong U.S. dollar, a move that prompted markets to bounce off their recent bear lows.