Deutsche bank, jpmorgan chase, Standard Charter among the banking giants talking a brutal hit as an Investigative Reporter alleges they all laundered trillions of dollars for terrorists, oligarchs and drug kingpuns. This is great kingpins. This as the death of Justice Ginsburg throws a wrench into the 2020 race. Could it interrupt passage of new stimulus money that desperate americans and Small Businesses are waiting for . Mark the numbers, Dow Jones Industrials at its low was down 942 points, right now were down 743. The s p at this moment down 70. The nasdaq sinking deeper into correction territory, down 131 points. All right. The s p, by the way, or got close but no cigar to correction territory. I know my bull watchers out there are pretty happy about that. Weve got team fox business coverage to tackle it all. Dick boy say on bovey, phil flynn on the surprise sectors popping and blake burman at the white house on the stimulus prospects and the search for Ruth Bader Ginsburgs replac
Towards coming to the table was the opposition against iran. I also spoke with the former ambassador to germany and the former acting director of national intelligence. He told me the u. S. Withdrawing from the Iran Nuclear Deal theymament deal signals are willing to stand by in their opposition to iran. Stanceg geopolitical throughout the past several months. For President Trump, a time in which he is looking for some geopolitical Foreign Policy when come in for benjamin netanyahu, who was just reimposed a lockdown to combat the pandemic, this is a feather in the cap for lack of a better phrase for both of these leaders. Gether or not additional ulf countries will come to the table, we do not know. Youn deal you i can tell based on my reporting the administration is bullish they will be able to deliver more deals before the election. David it is not the first time in history a sitting president likes to emphasize Foreign Policy when his does domestic does not go as well as he is wante
Reaffirmation on the American Labor economy in this hour, claims, and all of the various numbers that come out with it. Forget about the markets. Forget about the chancellor of the exchequer actually dealing with the United Kingdom labor market. It is a question of millions out of jobs. Jonathan permanent job losses as well, and permanent shifts in the economy. Thats got to be my big take away, government confronting the idea that perhaps we are seeing permanent shifts in the economy, and they need to allow that creative destruction, the powerful transformation of capitalism to take hold and maybe step back a little bit more. Ive got to say, some people will push back aggressively against that and say this is a pandemic, it will pass, and perhaps we will get some return to normality. That will be a debate for the several weeks, months, and hopefully not the next several years. Tom david kostintom will join us from Goldman Sachs with an important discussion on the equity markets. Future
It is an extraordinary day. We are to have a conversation here on what do you do with your money given what we have seen. The fed upstaged by the bank of england today with actual talk about the process to affect negative Interest Rates. Jon they have stepped up the flirtation, that is for sure. In the last 24 years, the whole thing is relatively ridiculous. Theyre forecasting 4 unemployment for 2020, 2 inflation with rates still going nowhere. If they are willing to tolerate that, rates are going nowhere for a long time. Tom the dissidents of the press conference was some really weak questions. Right near the end, mike mckee stopping traffic with a question about the efficacy forward, the path forward for the fed. It is a mystery. Jon you brought up this News Conference a couple of times. Do you want to vent a little bit . Tom im going to vent. Im doing this with jon, who has real experience in europe. The questions that the ecb and see morengland informed them what we see in washingt
Severe consequences. Switch Company Roche will role out rapid test that will provide results in 15 minutes. We speak to the ceo of diagnostics in the next few moments. The swiss market watch dog offers a fresh case over the top scandal. Japans chief cabinet secretary is expected to announce hell join the race to replace Prime Minister shinzo abe. Warm welcome to street signs, we have just finished watching the Deutsche Bank chief who warned that it is not likely well see the economy return to precry si levels this year or next he noted how germany has done a decent job managing the economy through the coronavirus pandemic he did warn the large number of zombie firms to come out and have significant affect on germany. Well bring you all things german banking on that later in the show annette will bring us and plenty more on that topic to discuss. I want to push on what one Health Care Story in focus has come on roche. Rolling out new rapid coronavirus tests by the end of the month. Can