Of the relationship between president and cia director and how it is influenced by the president s needs and interests. One cia director george w. H. Bush later became president himself. Good evening, everyone. My name is ruth robins and its a pleasure to welcome you here tonight for our program. A couple quick things first, one is, if you could please put away your cellphones, turn them off, silence them, any electronic devices, wed appreciate it. If you wonder why theres such bright lights in here, youre all going to be on tv, cspan is taking, kidding, youre not going to be on tv, the speaker is going to be on cspan. When we get to the q a they usually want to bring a mic down so they can record it. If you have a question try to wait until they bring the mic to you, the speaker will repeat the question so you can hear, but this is so they can hear it, however they work it. Our speaker tonight is David Robarge who received phd in American History from columbia university. After teachi
Just about 1. 5 for everything nasdaq not quite add bad russell is down. You see the russell is down 3 really taking it on the chin this week. Steve, i think its constructive on a friday and maybe we should make it a consistent thing at this point given whats gone on in the markets to take stock of where you think we are today and how we should look forward to the week ahead. Friday has been a risk off day. Doesnt look like today is any different than others. I think actually the market is trading on physical theraa fairm today. As a share holder, im support that most important right now is to worry about employees and the communities in line with the business round tables statement that they put out on august 19th of last year i think that would give everybody comfort because the number one thing we have to worry about is the economy and that will help the consumer come back youre talk about Big Companies coming out like bryan monahain said earlier that they will have jobs not to ment
I think it is important to keep we actually havent seen a vote on the 100 billion stimulus. [indiscernible] now they are going to try to work on a much bigger bill. But keep in mind it has been difficult to get this package that is much more targeted past the goal line, so we need to keep our expectations and check in terms of both timing and scope. It is a big number that would be welcome by the market and by the. Conomy [indiscernible] , the could actually happen market needs to keep their expectations and check in terms might beickly this real stimulus. David we are talking about 1. 2 trillion. We have 100 billion the senate still havent acted on. Beyond that, do we have a sense of what it is going to go for . As i understand, some amount of money, maybe 1000, to peoples pockets. Theres also some talk about differing tax payments in the treasury. Is there going to be money for the airlines . Is going tonk this be very multidimensional. Because this is an unusual crisis in some ways,
Billion will be used to protect german jobs and businesses. Prince charles has tested positive for the coronavirus. That is according to the press association with which cites the royal palace. Old. Rinces 71 years the report says he has been displaying mild symptoms about is in otherwise good help good health. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Scarlet vonnie it is 5 00 p. M. In london. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories on the bloomberg and around the world that we are following. As mark mentioned, the u. S. Senate is planning a vote on what is being hailed as the biggest economic rescue measure in u. S. History. It is more than a 2 trillion spending of rates to bolster the u. S. Economy but will it be close to enough . Stocks may be climbing again today. There is still stress in parts of the market. The st
Against shortterm Municipal Bonds. Banks buy them from money market funds and then can get loans aga against them at the Federal Reserve, to address strain in another market, 3. 8 trillion market for state and local government bonds and airport bonds, all kinds of stuff in there. Only a part of that is eligible for financing at the fed these are assets that were held by money markets and money markets have been shedding assets in part because theyve had draw downs from corporate borrowers andenutional borrowers seeking to raise cash. Part of the seizing up of the financial system, the fed trying to come in and almost every hour appears as a new program to liquify markets. This now another historic step by the fed one of the first ones ive seen so far where they are not simply repeating what they did last time, but adding 12month and shorter highly rated Municipal Bonds to the money Market Liquidity Fund and im sorry, guys, i dont think theyre done yet. It would be surprising if they we