But European Central bank takes action against the coronavirus fox investors say its not enough shares go into freefall again will try to find out if e. C. V. Can do anything to stop the spread of a float. And china says the peak of the coronavirus epidemic has passed but asian markets ignore the numbers and the stimulus that governments are throwing at the infection. And it was all a lets do business investors and not liking this the e. C. B. Announcing it will release a batch of cheap loans to help Member States deal with the coronavirus and that it will expand its Bond Buying Program both moves intended to stabilize jittery markets and aid Small Businesses e. C. B. Also says it will ease Capital Requirements for banks in the e. U. To improve liquidity at the governing council led by new president christine the god left Interest Rates unchanged diversion from Central Banks in the u. S. That u. K. Deposit rate was already at a record low of mine is point 5 percent. Well lets have a li
About the condit on exchanges it does not look like a good day now of the markets or are the really taking a beating before the e. C. V. Decision and this really just it was a surprise and a big disappointment for investors they had pretty much across the board been expecting a cut and and the main Interest Rate and the e. C. B. Did not do that so were obviously seeing i shake out in the market right now but there had already really a lot of a lot of anxiety coming into this especially after the announcement of the travel ban on on europe last night so stocks that are really really have been under a lot of pressure and this disappointment its certainly not helping tell me why why why why has the e. C. B. Not cut rates. Well were going to hear more about that in the press conference likely from Christine Lagarde but. There is there is only so much that an Interest Rate cut could do and there are a lot of downsides for the e. C. B. Right now the unlike the Federal Reserve its already hav
People in africa but officially barely 50 coronavirus deaths across the continent ahead of the w. H. O. Says those numbers should be seen as a warning. But top u. S. Official facing the coronavirus says expect 200000 deaths and millions of infections. And from profit making to Community Building Time Restaurants night feeding our support locals. For the top u. K. Health official has offered a stark assessment of how long it may be before life here and elsewhere goes back to what we all took for granted just a few weeks ago the u. K. Steps the chief medical officer says social distancing rules will be refuse after 3 weeks but says that it may be 6 months before life can return to normal dr jenny harris says relaxing social distancing efforts sisu could risk a dangerous 2nd pick meanwhile in the u. S. The countrys foremost Infectious Disease expert says the virus may cause as many as 200000 deaths along with millions of infections dr anthony for she offered that prognosis as the federal
Exclusive. The must see consuming parts culture to be sure. To be curious minds. Do it yourself networkers. Some subscribers dont miss out. The World Health Organization is now calling it a pandemic and the corona virus again has markets in its grip stocks on wall street fell sharply as fears continue to mount over the economic fallout of the covert break also coming up boeing shares take another drastic tumble as the company tries to cope with the double whammy of its ground a 737. 00 max and the coronavirus and the coronavirus pandemic could see a spike in food prices in kenya the global outbreak is hitting all sorts of local business. Im chris welcome to the program the u. S. Stock market is on the brink of ending one of its greatest ever run with the corona Virus Outbreak now officially labeled a pandemic investors are asking how bad the fallout is going to be after all the World Health Organization has also cited quote alarming levels of inaction by governments in chorley the viru
Program the u. S. Stock market is on the brink of ending one of its greatest ever run with the corona Virus Outbreak not officially labeled a pandemic investors are asking how bad the fallout is going to be after all the World Health Organization has also cited quote alarming levels of inaction by governments on the virus on wall street shares in the Dow Jones Industrial average dropped almost 6 percent for the 1st time since the 2009 financial crisis the dow has now entered into a bear market the find as a 20 percent drop from recent highs. For more on wednesday sell off here is our correspondent hossein was down. Here on wall street it was mainly calls by 2 factors one that we still like any concrete details on dot pisco stimulus package President Trump said that with the markets already closed a payroll tax cut will be good for people still lacking any concrete details the 2nd is the use of the war pandemic these surely did not bring any confidence in a market at a time daddy seems