After 10 00 this morning. The p has been calling for rate cuts and more of them, the reaction was essentially they didnt do enough. This is the president s tweet, the Federal Reserve shut asking, further ease and come into other countrys competitors. Were not on level playing field. Not fair to the u. S. Finally time for the Federal Reserve to lead, more easing and cutting. After that, jay powell gave his press conference, 11 00 here on the east coast and the chair of the Federal Reserve was asked whether or not there was any political pressure for this move. As he has, time and time again, he said no. Here was powell from earlier today. Well always make our decisions in the interests of the American People to Carry Forward and try to achieve mandates congress has given us and were never going to consider any Political Considerations whatsoever. We will not do that and it is very important that the public understand that. Reporter right now here in washington President Trump is speakin
Outbreak in china taiwan has kept its infection rate down and our correspondent looks at the stringent measures the countries using to keep the coronavirus in check. And this cases of the infection jump shot lee in the United States a mother in quarantine accuses the government of in action. I think. That. We thought our country didnt want to very quickly turn around 240. Hello i want to have you with us. German chancellor Angela Merkel has addressed the nation in a. Unprecedented televised speech saying the country faces its biggest challenge since the 2nd world war this as the countrys top Disease Control official warns that germany could be dealing with 10000000. 00 Coronavirus Infections in the coming months if its citizens dont adhere to measures outlined by the government. Berlins most famous locations should be bustling with tourists at this time of year but due to cover dainty in their currently surrounded by empty streets its also highly unusual for a german chancellor to make
Its a good discussion for you guys to pick up. Be well, thank you very much. Welcome, everybody, to an important show tonight im Brian Sullivan the Virus Outbreak rattling nerves thats a live look outside thes that zach. Normally at is this time, times square would be packed with tourists, theater goers, commuters right now it is eerily quiet. The president saying the virus could stick around until late summer the impact being felt from main street to wall street. The dow ending the day down roughly 13 . An incredible 3,000 point drop by far, the biggest point drop ever apple down 12 microsoft lost 14 today every s p 500 sector finished deep in the red, perhaps the most incredible move of all, bogue down 23 pshs, to 129. Boeing was a nearly 400 stock just a few months ago. The selloff comes despite unprecedented action for the Federal Reserve, which did little to ease peoples concerns we have full Team Coverage for you tonight. Lets kick things off with bob pisani, who again is on the
For their reaction to the pandemic. We have a garden here we have dogs. Shes not a medical pounds. And i dont know how are you get through this as more u. S. Restaurants and shops closed their doors thousands of workers are wondering how theyll survive and sport the English Premier League is holding an emergency meeting to discuss ways of trying to complete its season the worlds most watched football competition is already off until at least april the 4th. Lets get going almost 2 weeks now since italians were ordered to stay at home italy confronts its worst National Crisis since world war 2 the confinement of millions of people has crippled the worlds. 8th biggest economy but the Prime Minister says its the only way to fight a virus thats led to the deaths of nearly 3000. 00 to town ians Prime Minister says he will extend the restrictions italy has reported a record 475. 00 deaths more than any nation on one single day it is the worst affected country in europe similar measures in spa
Couple of hours issuing a Global Travel advisory now to americans saying that any american abroad should return to the United States immediately or plan to remain in place now just to give some perspective that level of the highest level advisory against travel for american citizens is the theme that the state department would use for an area of war for example and in this case it is the global coronavirus pandemic that is being advised for americans not to travel hi joe castor there joining us live with the latest from washington d. C. Heidi thank you. For Global Markets are trading up slightly after a major losses thanks to several Central Banks scrambling to soften the impact of the pandemic the dow jones in new york and fitzy 100. 00 in london both closed almost one percent higher but trading of course remains volatile it comes after the u. S. Federal reserve bank of england and the European Central bank will that fresh measures to support the Financial Markets or cases of corn a v