As the outbreak crippled. Ctivity Saudi Arabia Oil export to day. D 10 Million Barrels a determine withts get you set up quick check of the markets. We are seeing u. S. Futures under pressure at the open. This after stock markets. Ebounded we have s s p 500 really moving green after we heard that the fed was commercial paper facility and additional move the we havent seen since financial crises. We are just getting more details from the fed. Establishing primary deal credit mentioned, were also getting a Deal Offering and funding. Rate. Te matching discount it will allow primary dealers to support market functionality. From jae powell saying thats what the fed was focused on which is restoring normal function in this dysfunctional condition. The fed saying that primary deal Credit Facilities established section 133, saying that available for at least six months from now. March 20th. Le starting on maturities up to 90 days. Were getting some of that on thecoming through latest effort by
Central time zones. 2027488001 for the mountain and pacific time zones. If you are a medical professional and want to give your thoughts, 2027488002. You can text us this morning at 2027488003. Post on our twitter feed at cspanwj and if you want to post on our facebook page, it is cspan. Org facebook. Com cspan. Total package bill is 8. 3 billion and here is how it breaks down. 3 billion set aside for r d, vaccine therapeutics and diagnostics. Forould put 2. 2 billion the health response. 1 billion for pharmaceuticals, and capacityies, improvement. 435 Million Dollars to support Health Systems overseas. 300 million to help humanitarian needs. It would also set aside 7 billion in low interest loans for affected small businesses. The senate is expected to vote on this package today. This comes as the New York Times highlights work from the cdc when it comes to Coronavirus Response. Under the new criteria for testing, patients who have fevers, coughs, and difficulty breathing qualify for
That weve been having so lets start here whats going on with this because we saw the dow as i mentioned up almost 1300 points on monday down 786 on tuesday up almost 1200 wednesday down almost down over 1000 again today do you ever remember a time when youve seen this kind of yo yo effect with the markets to this extreme. Well again you have to look at it percentage wise that weve seen this kind of movement but obviously we werent at 28000 at the when it started i think what youre seeing here is just a market that is showing you that the top is probably yes you know weve talked about on your show for the last couple of months that i thought we were in the early stages of a recession investors were looking for an excuse to sell and i think thats what youre seeing here i think this is very good topping action to a market thats probably going significantly lower from here and i think youll see a lot of these days but again remember when you look at percentage wise its feels bigger but its
Wednesday it has been nothing short of a wild week on wall street with the dow swinging a 1000 points or higher twice in just the past 3 days monday markets posted their largest single day again wednesday the dow posted its 2nd biggest gain as the healthcare sector shot up thanks to that super tuesday win for joe biden investors almost seem to be cheering signs of a Global Response to the corona virus which includes more than 8000000000. 00 in emergency funding coming from congress but that optimism didnt last for very long as california declared a state of emergency after a coronavirus related death and 53 confirmed cases in the state well meanwhile the Airline Industry has been hit hard over the past few weeks we told you about that its all thanks to the good and the decline in air travel its so bad in fact that fly the europes Largest Regional Airline has collapsed into administration on thursday morning as the economic damage caused by the ongoing virus escalated the airline cease
Investment announced at the france summit as Emmanuel Macron tops execs atop wider tensions. And Chinas Foreign Ministry calls for canada to correct its mistake and free huawei cfo as the trial starts today. Looks like a relatively positive start last week to the european trading session has not been reflected today. The european stock, 600 currently down around a quarter of a percent so far. If we look at the individual markets behind that number, you can see how thats happening it looks like here in london, look at the ftse 100, theres been an interesting negative start to the day, reflecting what you see around europe, quarter of a percent lower the c a. C down a third of the percent. The ftse mib down. If we look onto individual stories, though, that have been driving some action in the market, oil prices surged their highest after a military blockade in libya shut down the countrys two largest production facilities forces closed a key pipeline as rival factions continue to fight f