Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
Again. We will move as quickly as we can but should we not be able to accommodate every member in person today, we will be accepting statements for the record until thursday, april 30. This important hearing i want to mention the chairwoman has been in our thoughts and prayers we wish you nothing but the best as you recover. Small businesses and entrepreneurs play a Critical Role within the american economy. Not only do they employ half of the nations workers but created two out of every three new jobs in the nation. You only need to take the poll from main street america. It is demonstrated Small Businesses and employees and the Response Congress created with a Paycheck Protection Programs with as many Small Businesses as possible during emergency. A low interest loan can be forgiven if used for payroll and Small Businesses have a tool available to assist them as they weather the storm experiencing extremely high demand and within a two week span all the money was exhausted i devote m
Spkr. Pelosi good afternoon. Here we are in our new arrangement of social distancing. Thank you for being here. It is a very important day for us for a number of reasons. It is heartbreaking, but we have passed the milestone of one Million People in our country who are sick, and nearly 60,000 who have died from the coronavirus. The American People expect congress to do all that we can to protect the lives, the livelihood, and the life of our democracy in what we do here. And they expect us to ensure that the nearly 2 trillion of historic relief that we have passed in a number of bills is widely and effectively used. That it goes to those who need it the most. And so today, just to put this in historic perspective, at the dawn of world war ii, thensenator harry truman, with a democratic administration, but he was a senator, and he basically said, i knew that after world war i there had been 116 investigative committees after the fact, and i felt our committee before the fact would preve
Attention to the virus to aid in war against the pandemic, live tomorrow morning for special interview you dont want to miss. Do stay with us for that. This morning pointing to higher opening. Take a look at future, up better 250 points on dow industrials, s p is up 29 and nasdaq higher by 116 this morning, this after the dow, nasdaq, s p ended down last week. As you can see better in the dow and s p. Google parent alphabet, microsoft, facebook, amazon, Technology Names reporting earnings this week and at the end exxon reporting numbers. Holding china responsible. Senator tom cotton telling me the coronavirus escaping its borders was a deliberate attack by the chinese and calling for action against the Chinese Communist party. Plus questions rolling with the health of north Korean Leader kim jong un as he remains unseen. Mornings with maria begins right now. Global markets this morning are rallying, take a look at europe indices, ftse 100 up 95 points, cac quarante in paris is up 86 an
That could be delay ad little bit. May 15th, on time could be pushed back a little bit for presumably that portion of new york. He doesnt spell it out. The fact that he was talking about maybe having the state sort of bifurcate a little bit open up sooner up state than down state, saying the may 15th deadline is moving target for down state that includes the worlds Financial Center and that is going to be a big issue. Well see how all of that goes. Well hear very soon from new Jersey Governor Phil Murphy. Remember new york, and new jersey, much like connecticut, pennsylvania, massachusetts, rhode island, and delaware are among those states that will sort staffinger in kind if you will. Theyre keeping to the same rough schedule. Whether the garden state, which is the most densely populated state in the country subscribes to the same rules as new york might be considering is anyones guess. New jersey, like neighboring connecticut and new york, opening up many of its marinas. Keep with th