Super tuesday, a third of pledged delegates up for grabs today. This is former Vice President gets the backing of former opponents and Mike Bloomberg appears in the ballot for the first time. Plus this, the coronavirus in the United States, 6 people dead in washington state. We are taking a look, g7 vice ministers as economies hit around the world. President trump cutting for the Federal Reserve to cut Interest Rates as the virus spreads and slows down the economic story. First, focus on retail, target and kohls reporting this morning. Watch any impact on coronavirus. Mornings with maria is right now. Maria we will start with markets. We are hitting rock bottom levels after a 52week low yesterday, check out the yield at 1. 159 . This is extraordinary numbers here and probably will lead to an increase in lending and borrowing. We will take a look at the impact there in europe this morning, stocks following the u. S. On a rally this morning and hopes that Central Bank Action, the markets
Kaiser this is the kaiser report you know gold. Its part of history you saw history gold you can find out some interesting things about People History all kinds of good stuff stacie max we are here in mexico city mexico it used to be the capital of the aztec empire and you know what montezuma who ruled the aztec empire 500 years ago exactly well he has a lesson for us today the modern human about how to deal with the doors and how we are still willed by the doors i have this headline here spanish conquistadores stole this gold bar from aztec emperor montezumas true here is the actual of gold bar this is all the gold that montezuma had current car tests stolen he melted it down put it into bars this is just under 2 kilos here that they found under a street here in mexico city in 1901 its been carbon dated to prove it is from 151920 when cortez sacked the city stole all their gold and its worth about 100000. 00 u. S. Dollars say it still has value today so this is historical evidence of
Big queen embassy here in mexico city you can go to their Facebook Page you can go to twitter look them up big queen embassy in mexico city and youll find his stand up rage there it was amazing they also gave me this big coin necklace made of real mexican silver so you know speaking about this bed and the fed printing money so were here having another pandemic around the world and the top 0 point one percent who own most of the shares theyre rallying theyre happy theyre excited because any bad news for the people is good news for them and in fact jay powell says it has been a particularly good time to be at the top of the income spectrum of course he would know well its a tax you know printing money is a tax and if you make the analogy to the middle ages and feudal lords they would tax people and till they. Are you living in a service and here you have a minimum consumption requirement as long as youre spending 5 or 10. 00 a day on plastic or plastic food or junk or what have you you c
Rally continues s. And p. 500 index at yet another all time high there used to be something called the Business Cycle where you know the labor for example if their cost would get too high then the central bank would step in and they would take an action to cool things down except her but this environment is a one trick pony no matter what the news is good news bad news i mean it doesnt make any difference the question was was the coronavirus going to be bigger than the ability for Central Banks to print in excess of what the estimated cost was that was almost the equation from day 1. 00 so the fact that its a pandemic youve got all this infection youve got factories shut down it does it hasnt shut down the Central Banks of one of the subtle baggers like jay powell came down to corona virus that would be different. And he is insulated so therefore there will be no end to this rally i might add by the way we are in mexico city so welcome to mexico city this is where we are we were in can
Private sector think tank said last week that is why it is indispensable to guarantee the security of the private Sector Center for economic studies said in his weekly report i dont get it may and i mean look at america we know at j. P. Morgan we know and jamie diamond their Business Model is to keep 0. 90 of every dollar they steal they pay 10 cents of every dollar they steal as a fine they play hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now hes a billionaire from committing serial fraud and theyve been you know had to face the music many many times so i dont understand why theyre singling out mexico it seems like crime pays well this is a local think tank and theyre looking around and wondering why is the 1st year in a decade that the economy the g. D. P. Has shrank and theyre saying well perhaps if we cut down on all these. Headlines on these stories of cartels beheading people but yeah youre mentioning that there is a crime