We have been struck on the curve. Is actually increasing. Also coming up it is one of the biggest disruptions from the coronavirus pandemic so far the summer Olympic Games in tokyo have been postponed into 2021 but it did good on its disappointing fishel but when you think about the health of the athlete as well as that of the spectator as i understand. It to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the 2 dramatically different phases of a pandemic in the u. S. New disturbing figures coming from the state of new york the governor today said that the number of new cases is skyrocketing new infections doubling in just the last 3 days now that means the peak of the pandemic could come sooner. And hospitals could face even more people who are in need of medical treatment now contrast the u. S. To charting a 2 months ago all the world watched in astonishment have the Chinese Government announced unprecedented walk downs in who provi
And to save lives that can be said. To be reported one new confirmed case which was. We have been tracking the curve and the curve is actually increasing. Also coming up it is one of the biggest disruptions from the corona virus pandemic so far the summer Olympic Games in tokyo have been postponed into 2021 but he did go down its disappointing fishel but when you think about the health of the athlete as well as that of the spectators as i understand. It to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the 2 dramatically different phases of a pandemic in the u. S. New disturbing figures coming from the state of new york the governor today said that the number of new cases is skyrocketing new infections doubling in just the last 3 days. That means the peak of the pandemic could come sooner and hospitals could face even more people who are in need of medical treatment now contrast the u. S. To charting a 2 months ago all the world watc
Measures fail to emerge. On the monetary side, the bank of england, becomes the latest to cut rates treasury yields hovering around 80 basis points. Full Team Coverage of todays market plunge. Mike san tolly is with us and meg on the latest on the coronavirus. But well begin with breaking news out of washington major Bank Executives meet with the president today. Well get to wolf at the white house. Reporter the president and the Vice President and the treasury secretary currently hosting in the white house behind me the leaders of the major Financial Institutions of this country in attendance we have the leaders of jpmorgan, bank of america, citigroup, goldman sachs, wells fargo, black stone making it the type of gathering we havent seen since the peak of the financial crisis. Theyre all inside, as we speak. What will be on the agenda well, two main things. Number one, liquidity and the functioning of markets number two, lending to businesses that are most affected by the coronavirus.
At the budget if you dont have a guy wanting. To hit something at that point that is because. He said you dont and you remember. That i said was that us about. You just that you and this must about them stamp us not to about them because its called was going to waste my time to just miss and not watching and thats what theyll want. To know thats just a test. Museum and i have. Been on this but you would not admit to my shares that those are good so she shouldnt have so much as all knowing that she had others not to fill the quota could have the kind of what. We. Need. Youre right you. Are right. Our team consist of 8 people that works for satellite we have dropped out for universities to attend these like. The whole us here we were just trying to learn more about cube sats in general so we were thinking about. Deploying from ourselves because we heard that its it will be more reliable in also to provide the actual footage of. Lunch in this life from the deployer so it will be very usef
Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo