From 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financially and in every other way, and that brings us in line with what other countries are. They actually have negative rates, but we get it down to potentially zero. Thats a big step, and im very youy they did it, and will not hear anything bad about me unless it is a month or two from now. So i congratulate the federal reserve. It is ter
To zero. Beautiful day outside. Ill start by discussing the federal reserve. It just happened minutes ago, but it makes me very happy. It makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financially and in every other way, and that brings us in line with what ot
Beautiful day outside. I think we have some great things to talk about. I will start by discussing the Federal Reserve. As you know it just happened minutes ago but it makes me very happy. I want to congratulate the Federal Reserve for starters they have lowered the fed rate from what it was, which was one to 1. 25. It has been lowered down to zero 0. 25. Zero to 0. 25. The Federal Reserve will be purchasing 500 billion dollars of treasuries and 200 billion of mortgagebacked securities. That number can increase but they will start with that. That is really good news. That is great for our country. That is something we are very happy. I am very happy. They did it in one step. They did not do it in four steps over a long time. I think that people and the markets will be thrilled. That brings us we are the strongest country in the world by far financially and every other way. That brings us in line with where other countries are. Actually have negative rates. We got it down to potentially
That decline we saw yesterday. U. S. Equity futures are bouncing back a little bit. S p futures indicated up if you are looking at the treasury yield the 10year looks to be yielding 39 the twoyear down at 4. 4 . The 10year, if you are trying to behalf full, that is something you point to we are down watching the close for some type of stability, it went down 2,200 or 2,100 even if it rebounded yesterday, you were hoping for a strong close. Fridays, theyve been okay. You would think maybe there would be a selloff the past two fridays thus far not been that way. Well see if things are different. We are talking a lot off camera and on camera all the closings you were talking about. That was unbelievable yesterday. I was watching a big east game i was losing and they canceled the game at half time. They canceled march madness. You saw everything, broadway and everything i was worried about the c word yesterday a crash yes that c word. I dont even like talking about 1987 that is pretty clos
President trump thank you very much. A very goodleted meeting of the Coronavirus Task force. They are really doing a great job, our specialists. The results are very, very good. When you compare this to what is happening around the world, we are very proud of our people. There has been a very tremendous amount of cooperation coordination with states. And theye going well are coordinating with us. Certain in particular, california has been terrific. The relationship. New york has been really good. We have had some really good relationships especially the hotspots. Were focused on the hotspots. Some areas we are having no problem whatsoever. That way. Keep it before i turn it over to our great Vice President to provide an update, i just wanted to express my frustration for the hard work done by the people behind me and the people back in the various offices including the fact that i just left the oval office where we have been people that are probably watching this or just working. We ar