Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents
Couple of participants wanted to cut rates by 50 basis points, and the reason that they pointed to was that inflation has been so low for so long on the other hand, those who argued against any rate cut at all pointed to the solid economy, concerns about financial stability, and that some of the trade uncertainty had diminished over the summer now, we do know which side won that argument, but the minutes show that the voting members on the committee felt that any rate cut should be viewed as, quote, part of an ongoing reassessment of the rate path, and that they want to maintain optionalty Going Forward. Now, there was also a lot of discussion about financial conditions the fed acknowledged that markets had baked in an easier Monetary Policy. They talked about the inverted yield curve, the capital ratios, several participants brought up corporate debt and leveraged lending as potential sources of risk overall, the minutes do show that most fed officials supported the rate cut in july.
We will dig in and follow every move the cbo out today saying the deficit will increase more than earl remember forecast as david said, retail strengths, lowes up t. Target up, more signs of spending from the consumer charlie, welcome this is your kind of rally day any great reason behind it the American Economy continuing to be 70 consumer form the consumer is in very good shape he walmart had seals up almost 3 , target, home depot showing strong results its very hard to have a recession with dropping unemployment, rising wages and strong consumer spending, and yet some of the members of the fed want to cut 50 basis appoints, double what they did. I dont think theyll succeed. I think theres just as many that dont want a cut at all we need to keep bullets in the gun, this is not the time to be cutting rates in the middle of a Strong Economy frankly i think the president s tweets actually decrease the chance of a cut. Nobody on the fed wants to look like theyre bowing to his whim. Lots
a major climate package on the verge of clearing the senate. the biggest investment in fighting climate change ever. what it could mean for lowering some prescription drug prices. republicans blasting the bill, accusing the democrats of ramming through billions in tax hikes and reckless spending. we re live on capitol hill. the new abortion ban in indiana. the first state in the nation to enact a new law of this kind since the supreme court overturned roe v. wade. the near total ban on abortion services does have some exceptions. reaction pouring in from both sides of the issue. the investigation into a fiery crash in l.a. a representative for anne heche confirms the actor was behind the wheel. tonight, in stable condition, what we re learning. overseas, massive explosions sparking renewed fears of a major escalation in the middle east as fighting between israel and islamic jihad intensifies. the death toll climbing tonight. the devastating lightning strike sparking a
news on this deadly hepatitis outbreak spreading across the u.s. at least 27 states now. what they re seeing, what they re saying about covid and a different virus, and what parents should look for. the war in ukraine hand what the director of national intelligencening. ian pannell in ukraine tonight. here at home, the medical emergency involving a pilot. one of the passengers calling air traffic control, saying, i don t know how to land this. my pilot has gone incoherent, i have no idea how to fly the airplane. you will hear how they got through this. the verdict tonight in the sex assault trial against celebrity chef mario batali. what the judge decided. the chilling attempted kidnapping in massachusetts. surveillance showing a young mother fighting for her life. there is also news tonight on the three americans who died in the bahamas and the wife in the hospital. and later tonight, america strong. the graduation speech you will not forget. good evening and