Of under spread of the currents iris and globalization and in the in the case of the European Union without without borders so that is a dangerous assumption the 2nd reason why i do not believe it will result in the end its all good like station is that there is no alternative to globalization ever since the end of soviet communism capitalism has math test itself that has evolved in itself today to corporate capitalism and one of our mentions of corporate taxes and is of course globalization so there is no alternative in the well i know but a bit of if thats a very interesting common theme i mean i i im im not suggesting that dump globalization is going to go away because of the corona virus im not saying that what im saying is taking on board what marcus has said is that we have to take note of its weaknesses and how it needs to be adjusted i dont think we. Turn the clock back 40 years but at the same time this this horrible event that is affecting the world on a scale that is only in
It is a very special session. We have you covered. All that, so much more on making money. Charles so the unknown Economic Impact continues of the coronavirus continues to weigh on the market. Again this as investors attempt to factor in how impactful the Federal Reserves emergency decision to cut rates by 50 basis points this morning will actually be. As the 10year yield fallen below 1 for first time ever. President trump addresses Central Bank Decision to lower rates a little while ago. Take a listen. We have to be competitive with other countries. When were paying two points more than germany, were paying more than other countries, we should pay less than everybody else. Of the fed rate is too high. Simple. It is too high. It puts us at competitive disadvantage, especially exporting our product to other countries. The other countries love that i dont like it at all. I would like to see our fed lead instead of being led. Charles joining me bellpointe chief Market Strategist david nel
Talking some real news im joined by my guest here in moscow Dmitri Bobbitt hes a political analyst and editor in a semi internet media project and in london we cross to Marcus Papadopoulos he is editor of politics 1st Magazine Article in crosstalk rules in effect that means you can jump in anytime you want and i was a preacher let me go to markets 1st in london as this pandemic continues and there is no end in sight Different Countries are experiencing Different Levels of this pandemic and theres been pointed out by the media and by people around the world what actions work and what dont work but theres a much broader discussion that needs to be taken in that its the nature of globalization and how globalization has allowed a pandemic like this to spread become a pandemic itself here and when i say globalization im talking about the nature of trade borders the very nature of the nation state and even talking about sovereignty again which is for bowden on both sides of the spectrum but
With a plan on how to deal with the coronavirus. He will be appearing in the oval office which is seldom done and gives you some idea of the severity. And also the just the state the nation is in right now. This is a cbs news special report. Im nora odonnell. President trump is about to address the nation as the coronavirus outbreak worsens. He will speak from the oval office underscoring the gravity of the situation this country faces. Today the World Health Organization declared a pandemic. There are now more than 125,000 confirmed cases worldwide including 1200 cases right here in the u. S. I want to speak with you about our nations unprecedented response to the coronavirus outbreak. That started in china and is now spreading throughout the world. Today the World Health Organization officially announced that this is a global pandemic. We have been in frequent contact with our allies and we are marshaling the full power of the federal government and the private sector to protect the
Lemonis and the employees, theyve reached their limit. Miguel for the last 18 years, you have not raised me a penny. You dont know what kind of man i am. Lemonis if i cant help renew their passion. Nothings changed. Revamp their attitude. Miguel i love it so far. Lemonis . And most importantly, resolve their family issues. I know its hard for you. This longstanding new York Business will be shredded. I think im more excited about it than you guys are. Im marcus lemonis, and i risk my own money to help businesses. I love investing in american businesses. Woman these people are here because they care. Lemonis its not always easy, but i do it to create jobs, and i do it to make money. Do we have a deal . Lets rock and roll. Man yeah lemonis this is the profit. Today, im visiting ideal cheese shop, a neighborhood favorite on the Upper East Side of new york city. Michael you like brie . Youll find out, right . Lemonis and despite their multidecade success, theyre having trouble making ends