They lack workers many of whom havent made it back from the Lunar New Year holidays due to travel restrictions and distribution of goods also remains a problem due to transport and flight restrictions. And even as infection rates steady there are questions of whether the worst is over or if the disease isnt yet done with china. There are still many cases and who bay province and move on and control as arduous spread of the disease overseas adds uncertainty. Uncertainty its still the key word as china tries to reboot its industry in a global economy. Washington stimulus plan to combat a potential virus related economic crisis is meeting bipartisan resistance after a closed door meeting yesterday President Donald Trump must now consider how to sweeten the deal that will convince not only republicans and democrats to sign up but also calm world markets. President Donald Trumps plan to shield the economy from the coronavirus includes payroll tax cuts how much and for how long thats still b
Good morning, im Courtney Reagan live from the nasdaq marketsite in times square futures look to erase at least part of yesterdays very massive loss right now, futures are indicated higher by 443 points, s p by 53 and nasdaq by 173 points it was a rocky session over the past 12 hours. The dow futures well off session lows indicated higher by 556 points the dow plunging more than 2,300 points down 10 the worst day since black monday of october 1987 when it fell the dow and s p 500 are on track for the worse week since 2008. A sea of red in asia but now green across the board in europe the ftse 100 higher by 2 . Mat taylor is live in singapore and Steve Sedgwick in london it was a rough session for the asian markets. They were well and truly off the lows a number of markets turning back bear market turn around in hong kong still around by about 1 trade was halted amid steep falls. Up 3. 4 for the week down some 13 . Japan was the biggest decliner around about 10 at one point. No money go
Korea, but now we had subsaharan africa. Anotherhad nigeria, and area of great concern is iran. These are countries that do not have the same kind of Public Health infrastructure, the some kind of control over their border. If you start to see transmission and those areas, those will be the ones that cause spread to other countries and a greater rate than we are already seeing q8 david you are seeing already. Fed going tos the do about the coronavirus . Michael fear is in the saddle. We have gone from maybe the fed might have to cut because of this to three full rate cuts and a better than 50 chance of a forth over the next year. The only trouble with this theory and the idea they be they do an emergency rate cut is correlating with central bankers around the world is that central bankers do not seem to agree. The head of the Buddhist Bank has been the head of bundesbank whose country has been affected by this says we have enough accommodation and at this point there is nothing Central
Hello, i am david asman, this is bulls and bears, thank you for joining us, joining me, steve moore, caroll roth, capri caforio and john burnett, what progress has been made. Reporter trying to hash out what a economic stimulus package would be, could look like. President , to that end up to capitol hill today, had lunch with Senate Republicans to discuss possible options Going Forward, so far president , and the treasury secretary, Steve Mnuchin have talked about following, a payroll tax cut. Potential small be loans, paid leave, deferred tax payment and help for airline, cruise and hotel industry, were told in meeting that president floated idea of bringing down payroll taxes to zero. That would be very both employer and employee. Keep in mind, white house numbers project, over next 12 months, that would be about 1. 2 to 1. 3 trillion in taxes. After the meeting today with Senate Republicans, president tried to provide reassurance. It really working out. A lot of good things are goin
Headed by Vice President pence. The Vice President we just completed the Coronavirus Task force. I couldnt be more proud of the men and women of the efforts standing behind me or those standing behind them. President trump said this would be a whole of government approach and today gives evidence of the fact that it is a whole of america approach. We are bringing the whole resources of the federal government and full resources of this great economy and our great business sethor to bear in protecting the American People and american families. A few updates from today. As we continue to expand testing availability across the country. Testing is available at all state labs. There will be four million more tests made available in jurisdictions around the country. One million are already in place thanks to the good work of our top commercial labs that President Trump brought together yesterday. Lab corps and quest are in the process now of distributing and marketing coronavirus tests all ac