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Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
New-yorkUnited-statesGeorgiaJapanTexasIranChinaCaliforniaIndonesiaCanadaRussiaLondonThere is a situation in texas and Mark Crumpton is with us. Mark Tropical Storm harvey is not letting up on houston. The fourth largest city in the United States has been inundated with floodwaters and an additional 20 inches of rain is in the forecast. Has drifted into the gulf of mexico and set to crash the shore of the texaslouisiana border. To pop houston reservoirs are overflowing two houston reservoirs are overflowing. They are both at record high levels due to days of heavy rain. Army corps of engineers officials have been releasing water from both but it wasnt enough to counter the rain, overspill floodwaters ways. Officials say more homes and streets will flood as a result. President trump is promising texas will get emergency disaster aid quickly. He says there will be a very Rapid Reaction from congress, in his words. There are signs that might be a political fight over the money. A Top Committee member suggests he wants to cut spending to pay for the response to harvey. Ref
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