We had a very, very strong economy, and then we were hit with the virus that knocked everything. He reacted quickly. He closed the border from china. Then he closed the border of those coming in from europe. And he went right to work setting up the task force to study the virus. This virus was perplexing. No one knew what to do at first. We did close the country. We shut things down because we tried to get a handle on it and didnt want to overwhelm our medical systems. And once we got that under control and started to change the curve on the virus, the president realized and he knew that the economy would be killed if we didnt start to reopen. So he worked the scientists to get regulations or suggestions to the governors on both sides of the aisle on how to open up and get the economy back on track. You are seeing that working. With the past three months we have created almost 9 million jobs. We came out of a great recession. By comparison, it took four years to create 9 million jobs i
Back on washington demands for enforcement. New details on the Alibaba Hong Kong ipo, offering shares at 188 hong kong apiece. In on lets check australian markets. We are seeing a slight gain for the asx 200, gaining 2 10 of 1 according to what i am seeing, pricing on the terminal right now, aussie shares set for second weekly advance, so a mixed picture. However, when the rest of asian central, stocks under pressure, kiwi stocks nudging higher, flipping up the board to check in on the kiwi dollar Holding Steady, not moving much as we hear from the rbnz governor this morning and he said despite a pickup in the economy, they are looking at pmi data hinting at that with growth returning in october, making for the highest reading this april. The kiwi dollar set for a weekly gain after the midweek surge and on a surprise hold right there. We have the yen Holding Steady after the biggest jump in a month right there. Lets get first word news with jessica summers. Jessica thanks, sophie. Fed
I am francine lacqua. The main story of the day. What is oil and one is greenspan the new government a writedown on its debt. One is oil and one is greece. Borrowing for new bonds. Less figure out what is going on. A calming effect. Hans nichols in berlin. What is going on, hans . Here is what we know. He spoke to a group of about 100 financiers and laid out a plan to swap the debt by the ecb a European Financial Stability Fund for these new bonds. These new bonds would be linked to longterm group. There would not be an thing on the eye on the upside on the debt. Crucially and importantly, they are not going to call it a haircut. The politically difficult, politically awkward term especially here in germany. Here is somebody inside of the meeting and will give you her take on it. They are looking at restructuring of the eus bilateral loans and leave a imf and private sector debt alone. They are working a case without being specific on how the restructuring will take place. Head of rese
Jack Ma, founder of Chinese tech giant, Alibaba, has been made an honorary professor of business at a top Hong Kong university, the school announced Friday. The appointment comes weeks after the billionaire made a rare public appearance in China following his fall from grace during a government crackdown on the tech