No limit, the ecb unveils a 750 billion euro bond buying plan to sue the markets. Christine lagarde throws the full weight of the central bank behind the single currency. The greenback becomes the haven of choice as u. S. Futures selloff again. Liquidity evaporates in the fx markets on fears of a lockdown in london. Stimulus from every angle, global fiscal support soars to trillions of dollars. I count almost 4 trillion of support. The rba cuts rates. Until the one hour start of cash equity trading in europe, and it looks like the wheels are starting to turn in little more risk on. Futures in europe are higher, they were lower minutes ago. Coming back as we see asian markets closed. S p futures still down 1. 6 , nowhere near the limit they bounced off of earlier. U. S. Futures also showing smaller losses than previously, as all this stimulus comes out. We are hearing talk of one trillion from the u. S. , 800 billion from the ecb. It adds up to about 4 trillion from Central Banks and go
Cases and new york has opened its first drivethrough testing facility the doctor behind that program is going to join us in just a few minutes here kelly. All right bill, thanks our team of reporters is covering this story for us bob pisani is watching this rally fade and then try to come back today Rick Santelli is tracking the bond market where yields are moving up. Eamon javers is at the white house awaiting a press conference from Speaker Nancy Pelosi any moment now and from President Trump at 3 00 p. M. Eamon, what can you tell us . We got new information from the white house. The president was scheduled to hold a meeting with ceos and got as list of the ceos here and this gives you a sense of what the president is working on right now. Theyre saying that it included in this meeting are richard from walgreens, Brian Cornell of target, Doug Mcmillon of walmart, Steven Rokowski of quest, matt from roche and a number of other ceos i apologize for butchering some of the names in the p
A second look for the long run given these big market swings. So much more ahead on the markets on fast money tonight, but we have to begin with this the developing story out of the white house as new details, merge about President Trumps possible economic stimulus plan to combat a virusled downturn in the economy lets get right now to eamon javers at the white house on how this is all developing right now. Brian, we are half an hour out from a White House Press briefing slated to include the Vice President and the Coronavirus Task force aides throughout the evening last night and the day today have suggested that that could be a place where the president might roll out some of his economic ideas, but we are not hearing that at this point there is no plan as of right now, this moment, a half hour out for the president to attend that briefing. The president said last night that today he would roll out a News Conference to roll out Major Economic initiatives that would be dramatic in sco
The outbreak has been infected industrial activity in the eastern province. According to bloomberg economics, the economy is running 50 to 60 of its normal capacity. Authorities have not seen a turning point yet when it comes to the epidemic. Indicated this week it would deepen the focus on stabilizing the economy. Supply chain and Business Sentiment showing up in global pmi data, u. S. , business, and manufacturing activities. We are also seeing a pickup in cases outside of china, which could indicate a new phase in the outbreak, a search in iran, concernsthe who, given route infection not being traced back directly to china. David a disturbing story. Thanks to Sophie Kamaruddin in hong kong. Now we go to brussels and maria tadeo. They are trying to hash out a budget. There are hawks and doves involved . What are the issues . Maria there are many issues. This is day two of a long summit. European leaders are trying to get to a compromise over the budget for the eu for the next seven y
Stories and uncover them in opinion form which is a rather large mandate. [laughter] in order to narrow the funnel i started looking through corporate figures and i saw from an amazing number of in terms of how the transition from the Financial Sector to the Technology Sector since the great financial crisis and one of the numbers that stuck out was a Mckinsey Global institute figure looking at how 80 of corporate wealth was being held in just 10 of firms and those are the firms that were richest in personal data and intellectual property so basically if you are trafficking in these things you are holding the majority of the worlds corporate wealth and the biggest of those firms were the ones that i profile in the book, facebook, apple, amazon, netflix a little bit and google. They make money, all of them, pretty differently but there is some overlap with facebook and google and Digital Advertising but look at apple and they mostly shunned advertising and look to sell their devices and