Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem like theyre a little upset by yesterdays pullback you ment
We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribes. The title iv provided 454 billion as the infusion into the Stabilization Fund to support the emergency lending facilities that facilitated the qualities to support eligible businesses, states, local governments and tribes. And to be authorized under section 13 and to stabilize those markets but the Federal Reserve announced the establishment of the intent to establish to support the Financial Markets and businesses including some that are supported by the cares act. Last week other members of
Spare a thought for people in the chinese city of wuhan who thought they had beat the virus. Now, all 11 Million People are being retested after a discovery of a new cluster of cases. And an inquiry into the actions of Hong Kong Police during last years prodemocracy protests clears them of using unnecessary violence, saying the officers were responding to threats. Accor i am phil gail. Welcome to the program. Germans love their holidays in the sun, with the government starting to lift pandemic controls, the only thing getting them away from those dreams are other countries borders. Germanys foreign minister is due to discuss exactly that with his european counterparts next week the endless beaches of france and the majestic mountains of austria. In any normal summer, German Tourists love to head for these and many other european beauty spots. But because of the coronavirus, the route to germanys neighbors has beenen blocked. For many, the pandemic has given travel in you importance. Of
For a Coronavirus Vaccine percival a funded line wants to raise 7500000000 euros to fund an affordable vaccine for the whole war. A michael okun welcome to the program north korean state media say leader kim jong un has made his 1st public appearance in nearly 3 weeks kim is said to have opened a Fertilizer Factory near the capital pyongyang the official News Agency Says he was greeted with cheers its the 1st report of came carrying out an engagement since he missed actual anniversary celebrations last month there has been speculation he was seriously ill or even dead. Joining me now is correspondent frank smith in seoul frank its good to see you how reliable is this information coming from the state news agency showing kim jong un alive and well well certainly i would trust the information coming in from Korea Central News Agency much more than the reports that we got over the past couple of weeks there are a couple of indicators that we need to look at at these pictures one is of cou
A sigh of relief as theyre allowed to get exercise outdoors again the country with wonder if europes toughest bruna forest lockdowns is gradually easing its restrictions. And is germanys going to sleep it considers when and how the season will resume 3 people on the cologne team are placed on 14 day quarantine after testing positive for the throne of the us. A michael oku welcome north korean state media say leader kim jong un has made his 1st public appearance in nearly 3 weeks kim is said to have opened a Fertilizer Factory near the capital pyongyang the official News Agency Says he was greeted with thunderous cheers its the 1st report of kim carrying out an engagement since he missed National Anniversary celebrations last month there has been speculation he was seriously ill or even dead. Joining me now is correspondent frank smith in seoul frank weve just seen new video from the state news agency there that appears to show a live in well this is pretty much settle any speculation o