Between 5 and 7 . That kind of sets you up for your morning. Dollaryen, safe haven bid full in play. The yen and this was see the safe haven of choice. The long end of the curve taking more of that safe haven demand. Crude rolling over now. You have the virus, what is happening between opec and russia, and now a travel ban, which is going to destroyed jet fuel demand. Really taking it on the chin. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with all of this mornings top stories. We begin in washington, where President Trump suspended travel from europe for the next 30 days, effective friday at midnight. The been excludes the you could the ban excludes the u. K. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Alix joining me as kevin cir
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
Could you try to outline what the third inning, fourth inning or fifth inning might look like . We have already talked about Small Business lending. We will go to congress and asked for a significant increase. I have spoken to the speaker about it. Mitch mcconnell about airlines. We will deal with things as they come up. Certain authorities we have, certain authorities we dont have. Reporter [indiscernible] nuchin we have taken comments from them and yes we will have the support. Reporter do you have concerns about the supply chain right now . There are concerns for the chains to be interrupted. Sec. Mnuchin there are areas of the economy that had been hit hard immediately. There are areas that are the best it has ever occurred. From the date as i have from the credit card companies, travel spending his way down, spending on supplies, food, medical, pharmacy has almost offset that in a short term. Issues the task force is focused on and will be dealing with. We dont see that as a major
For several hours, there are reports that the stimulus package now being prepared maybe the first of many, in other words, congressman Congress Rather and the administration will throw whatever they have at the virus problem. The fed is pumping a trillion dollars into the economy and that appears to be helping market sentiment. Green across the board there. All of them up limit, 5 up. Lets see how we open at the market this morning. Now, again, when we open this morning prices will be freed up so we can move up from the 5 gain and looking at etfs, here is anxiety indicater. Do you realize it was 1. 3 a few days ago . Gold this morning i believe is down a little bit more. Okay, we will find it. Look at the average price of gasoline. 2. 30. Ten cents lower than a week ago. Gas is falling really fast. I call that good news. The whole country maybe slowing down as we separate out but the virus news coming quick and fast. The wife of canadas Prime Minister Trudeau Sophie tested positive. Pr
Happen under and unfortunately this is the country has not figured that out including a lot of pretty intelligent people and people with good intentions you know wed love to keep running our stuff the way were running it now by other means its just really unlikely to happen you know this combines 2 things that are really shouldnt be combined one is Climate Change denial the green park and one is that governments can possibly do anything positive the new deal part so these are 2 areas that the predominant Political Forces like to tell us are socialist or theyre impossible or we dont have the money for them so all the branding on this is horrible is there a way to present this that would be more palatable because clearly infrastructure needs to be upgraded that thats something that avalanche need to do somebody needs to do it but and its crumbling how is that going to happen and clearly what sea levels rising. And with asifa cation of the oceans and with all the other problems that come