Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gains for wti up, the 22 plus gain in the overnight session. We are seeing opening up here higher by over 6 in asia. This
Immigrants out of the u. S. The 60 days to protect american jobs. Across latin america fear the crash in oil prices could push the region into its worst recession ever. And a warning from a new harvard study air pollution makes coronavirus even more dangerous than it already is. After weeks of negotiation politicians in the u. S. Have agreed on a new bailout package to protect the Worlds Largest economy from turmoil caused by the coronavirus pandemic the last few hours the Senate Passed a nearly 500000000000 dollar relief bill to help struggling Small Businesses it will also provide more funds for hospitals and testing the package follows a 2 trillion dollars stimulus package signed last month the bill now goes to the house for a vote. This gives us another 310000000000. 00 for the p. P. P. We look forward to the house passing this tomorrow in being up and running quickly after that this also gives us 50000000000. 00 for disaster loans idle loans that will allow the s. B. A. To make 30
Another basis point added when it comes to the german tenyear. We continue to see the buck getting bid. 1. 0865 when it comes to eurodollar. Vonnie in the u. S. , a nice rally after that tweet that saudi arabia is looking for an urgent opec meeting, and then, as if that rally wasnt enough, the president tweeted again taught thing it could be as much as 15 Million Barrels. He just casually added another 5 Million Barrels to the amount that saudi and russia would have to agree to deplete their production by. 1. 75 right now. A lot of that is due to the energy index. 14 , andd as much as it is still up about 12 . Many of the oil, gas, energy, and equipment, particularly drillers rallying off the back of that. Elsewhere, we have 10 year yield at 60 basis points. The dollar index is above 100 right now. Get some more on this oil story. We are joined by bloomberg Senior Editor of commodities and energy. Lets talk a little bit about whether or not this is actually going to happen. The preside
Up on line as the people are at home and becoming very creative and i want to look at this these 2 little sets of money printing go. And theyre quite interesting as you can see here is this one guy printed page a picture of pretend its face is turning red hes going red hes pointing predicting fast and then we have this other one here of a whole bunch of central bankers printing money so that seems to be their solution from the at least the neo liberal elite the keynesian sort of old school ivory tower economic thinking elite is money printing is going to solve all these pandemic problems now its like the child of ron paul and a lot of ways because you started talking about the problems associated with money printing in the Federal Reserve 2025 years ago during the 2008 crisis people started to more aware of this when big question came around suddenly a whole new generation started to understand the connection between money printing and the said and economic weakness and now i think its
Max kaiser this is the kaiser report its 21 days 22 days i forget the number of days but ron lockdown the corona virus a lockdown and. Its so the what is it is what happens stacey well of course everybody in the world is on a different day of their lockdown some people like and will hound but have been on lockdown for 078 weeks now in america were starting to see walling lockdowns across america but you know as the World Everybody out there everybody watching is now in some form of lockdown where finding some entertaining diffs and means coming up on line as the people are at home and becoming very creative and i want to look at this these 2 little sets of money printing. And theyre quite interesting as you can see here is this one guy printed preacher preaching pretend its base is turning red hes going readies point in predicting fast and then we have this other one here of a whole bunch of central bankers printing money so that seems to be their solution from the at least the neo lib