Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it
So we will allow governments to support banks as well knowing full well that supporting banks is very unpopular right now yeah you know they arent coming back to you and listening to some of those measures that i had was just discussing there you know theres enough when i really was at pains to mention time and again or say time and again you know that we are ready for this the European Union can withstand this and fed you know what has been learned from the last financial crisis what has been put in place how ready is the European Union for this type of crisis economically. In fact harris im not exactly sure he can it looks like hes currently dealing with technology there so im going to ask that question to both of you you know if weve heard that from was a friend of mine and also echoed from the state and about space as well we are ready and we can withstand this i mean how robust is the economy on the european level well at the moment this very very different if you look at germany
The massacres a 2 mosques new zealands Prime Minister says the country has become a different place. A year on i believe new zealand and its people have fundamentally changed i cant see how you could have intervened like this im not. Im simply so much going to its good to have you with us e. U. Commission president was enough on the line says europe can withstand the shock of the coronavirus final line was detailing steps and to keeping the blocks industry afloat as the virus spreads and shuts shutdowns come into effect she said she believes the destruction would be temporary but that all a use states should coordinate efforts to ensure that it is as limited as possible and she also spoke out against against a tightening borders lets listen. Alongside these overarching Macro Economic measures the commission has also adopted today proposals to provide liquidity into our economy and. Were setting up a 37000000000 euros carona Response Investment Initiative to grant support to the healthc
Months after the massacres at 2 mosques new zealands Prime Minister says the country has become a different place. Here on our very new zealand and its people here fundamentally change i cant see how you could have intervened like this and not. Be so much ground its good to have you with us you Commission President it was a laugh underline says europe can withstand the shock of the coronavirus for the line was detailing steps and keeping the blocks industry afloat as a virus spreads and shutdowns come into effect she said she believed the destruction would be temporary but that all states should coordinate efforts to ensure that it is as limited as possible and she also spoke out against a tightening border along. Side these overarching Macro Economic measures the commission has also adopted today proposals to provide liquidity into our economy. Were setting up a 37000000000 euros carona response investment initiative. To grant support to the healthcare sector to the labor market to su
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0