Reasonable as we have to store all this. Saying 10unbelievable decimation of tt commodity right now. Guy absolutely. You bring up the btp market. There is a lot of moving parts around the btp market today. Ly we saw yield spike yields spike to the upside. There was speculation the ecb was in the market. The big story has been the european governments considering using the european stability mechanism to extend credit lines to countries including almost certainly italy. There is an issue with this. Activationesm usually comes with some degree of conditionality. Clear theyaking it would be unacceptable to have any conditionality around it. Prelude toement is a the omt from the ecb, which would be the big bazooka from the ecb. Holly raines has been talking. His afternoon there is potentially more to come. Huge moves in btps. The pound is trading your 1985 lows. The bloomberg dollar index is getting very close to an alltime record high. Lets talk about what is happening specifically in the
All of this out. Stocks are in and out of touching 7 fall i dont have that would trigger another Circuit Breaker. At the worst we were down 6. 7 . Now down about 5 1 2 . That translates into a dow barely above 20,000. The same drama, surreal one continues to play out across the country. I want to show you what is happening this is new yorks times square, this has been pretty much the youre not seeing many people drawn to the crossroad of america, among some of the busiest thorough fares on the planet. Youre seeing similar situations play out in seattle, washington. Youre also seeing it play out in the likes of hoboken new jersey where the mayor there has, is saying that people should go ahead and obviously selfquarantine themselves, if you will, or selfisolate. New york Governor Cuomo by the way has distanced himself from new york city mayor de blasio who is advocated an across the board crackdown, a lockdown here, that would call for pretty much everyone, at least in manhattan, at lea
Pres. Trump thank you very much. I would like to begin by announcing some Important Development in our war against the chinese virus. We will be invoking the defense production act just in case we need it. I think you all know what that is. It can do a lot of good things, if we need it. Completed,e it signing it in just a little while right after we are finished with this conference. It is prepared to go. We will be invoking the defense production act. Last week, i find an Emergency Declaration under the stafford act. We invoked it previously which activated femas National Response. Fema is fully engaged at the highest levels. Inay, fema is activated every region. We are at level one d the highest level. Being the highest level. We have been working with fema. I have done a lot of work with fema, they are incredible. Tennessee and have a large group working in tennessee. Alabama last year also a tornado and obviously the numerous hurricanes in different locations that were very devasta
The White House Coronavirus Task Force Meeting with President Trump and Vice President pence. This is this is about one hour. President trump i would like to announce some progress on the chinese virus. War powers inthe case we needed. It can do a lot of good things have iteded and we will completed, signing it in a little while after im finished with this conference. Its prepared to go. We will be invoking the defense production act. Last week i signed an Emergency Declaration under the stafford act. We have been working with fema. They are incredible. Its always been on hurricanes or tornadoes but right now in tennessee, there is a large group working in tennessee and they have been incredible. That was a tragic event. Alabama last year and also a tornado and obviously the numerous hurricanes in different were verythat devastating in some cases in every case, fema came through. This is a different kind of work for fema but they will come through. As they always do. We have tremendous
U. S. And the world with interactive maps and charts. Watch briefings with Public Health specialists and a time unfiltered at cspan. Org coronavirus. Earlier today President Trump invoked the defense production act in response to the coronavirus pandemic. He announced other measures to help those impacted financially for the virus. [camera shutters] pres. Trump thank you very much. I would like to begin by announcing some important developments in our war against the chinese virus. We will be invoking the defense production act just in case we need it. In other words i think you all , know what it is. It can do a lot of good things if we need it. We will have it all completed. Signing it in just a little while right after i am finished with this conference. I will be signing it. It is prepared to go. So we will be invoking the defense production act. And which activated femas National Response coordination center. Fema now is fully engaged at the highest levels. Today, fema is activate