But sometimes i am for those that are often with me but i have been think deep into the german culture of. New jersey who take this drama day oh here you go its all about who they know im rachel join me for me to get them to go. This week hon stories. The search for a challenger to trump in the u. S. Colombias fight against sex tourism. But we begin in turkey thousands of refugees arrive at the greek border carrying false hopes they want to enter the e. U. But europe is closing its doors in increasing border security. The sign at the greek borders says well come but thats just not the case. A chaotic makeshift camp has sprung up open to the elements people try to stay warm lighting fires and dense smoke drifts through the air sometimes its tear gas fired by the greek police. Feared us and his family said to little further away 5 years ago he fled from the syrian city of homs to turkey its here where he met his wife and its here where their daughter was born now they are on the road aga
Reasonable as we have to store all this. Saying 10unbelievable decimation of tt commodity right now. Guy absolutely. You bring up the btp market. There is a lot of moving parts around the btp market today. Ly we saw yield spike yields spike to the upside. There was speculation the ecb was in the market. The big story has been the european governments considering using the european stability mechanism to extend credit lines to countries including almost certainly italy. There is an issue with this. Activationesm usually comes with some degree of conditionality. Clear theyaking it would be unacceptable to have any conditionality around it. Prelude toement is a the omt from the ecb, which would be the big bazooka from the ecb. Holly raines has been talking. His afternoon there is potentially more to come. Huge moves in btps. The pound is trading your 1985 lows. The bloomberg dollar index is getting very close to an alltime record high. Lets talk about what is happening specifically in the
All of this out. Stocks are in and out of touching 7 fall i dont have that would trigger another Circuit Breaker. At the worst we were down 6. 7 . Now down about 5 1 2 . That translates into a dow barely above 20,000. The same drama, surreal one continues to play out across the country. I want to show you what is happening this is new yorks times square, this has been pretty much the youre not seeing many people drawn to the crossroad of america, among some of the busiest thorough fares on the planet. Youre seeing similar situations play out in seattle, washington. Youre also seeing it play out in the likes of hoboken new jersey where the mayor there has, is saying that people should go ahead and obviously selfquarantine themselves, if you will, or selfisolate. New york Governor Cuomo by the way has distanced himself from new york city mayor de blasio who is advocated an across the board crackdown, a lockdown here, that would call for pretty much everyone, at least in manhattan, at lea
More than 8000 people globally and now confirmed to have died after catching car at the coronavirus number of reported cases has passed 200000 but theres growing concern over testing levels in some countries malaysia is racing to track down potential coronavirus carries after its confirmed cases jumped to 790. 00 nearly 2 thirds of those a link to a religious gathering late last month that spread the virus to at least 6 other countries a European Union ban on travel us from outside the block for 30 days has now come into force as desk continues to soar in italy and spain and although many governments and else massive stimulus packages asian european and u. S. Markets are fall and again well france is now on the 2nd day of a nationwide lockdown but already a video has. Contriver see online it said to show paris police arresting a woman found breaking the law down rules all 67000000 residents are only allowed to leave their homes to buy groceries go to work or go to the pharmacy spain is
So nbc news now has obtained a onepager, in effect, laying out the stage 3 proposal key terms. Thats the mnuchin proposal for about 1 trillion in stimulus and economic backstopping. Heres whats in it, as were going through it in realtime the Airline Industry gets a secured Lending Facility of 50 billi billion. Theyre saying it would be secured by lateral thats specified by the Treasury Department here. Other severely distressed sectors of the u. S. Economy, thats 150 billion. This document not specifying what other sectors might be included here, but theyre saying that it would authorize use of those funds for secured lending on loan guarantees to assist other critical sectors of the u. S. Economy, experiencing distress here. Also, theyre going to temporarily permit use of the Exchange Stabilization fund to guarantee Money Market Mutual Funds. What treasury is saying here is they will temporarily suspend the statutory limitation on the use of Exchange Stabilization fund for guaranteed