Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
That is more, by the way, than the number of people that live in new york and chicago combined, that amount of people. This is more than 18 of the u. S. Workforce is unemployed. Where are we going from here . And this is fascist. This is not democratic. This is not freedom. Give people back their [bleep] freedom. Elon musk going off in expletive laden rant against nationwide lockdowns. Our Panel Debates his point coming up. Was president right about using uv light to cure the coronavirus. Turns out some of the nations top scientists and doctors were already working on light therapy. All that and more own making money. Cheryl want to show you live pictures right now, the Vice President at a gm factory been translated into a ventilator production facility. He is in kokomo, indiana, right now. He is getting a cure, if we take the live pictures, that would be great. The president , Vice President , we actually lost the shot. Neil was showing it to you a few moments ago. Vice president is d
Whole foods having a sickout today. Are they the new american heroes. Media went after him after his white house speech, all that and so much more on making money. Charles so it has been a mixed session on the street. We erased early losses, uplifting thoughts from dr. Fauci, social distancing and march Consumer Confidence report, much better than anticipated. Later on it was a news conference, Governor Cuomo and other governors out there giving us sober reminders of the current circumstances. So how should investors approach this market . Joining me now, Katherine Rooney vera along with Devine Capital ceo, dani hughes. Kathryn, let me start with you. You could argue if the dow is off 1000, even 2000 points it, might not be a big deal all things considered. So in a way it is a moral victory but how do you navigate these new waters . Well, charles, no one can price the bottom, thats impossible, so those who divine that they can it is just an i impossibility. I have been telling my clien
As yet another central bank initiates an emergency rate cut in the face of a Global Economic slow down. Its wednesday, march 11, 2020 and Worldwide Exchange beginning right now. Good morning and welcome im Courtney Reagan in this morning for Brian Sullivan with me this hour aaron gibbs. Were going to kick off this morning with a wednesday whips off for wall street. Stock futures look to erase the majority of yesterdays gains. Right now we are indicated for a lower in the Dow Jones Industrial average, futures pointing to lower open of 482 points, s p500 down by 58 and nasdaq off by 161. Lets check out the action in the bond market. This of course has been something that weve really been watching before we go there, were going to watch the dow futures for you again, down 1. 4 in the early going. In the bond market, the yield on the ten year is above 0. 7 , 0. 741 look at the 30 year, above 1, but still 1. 2 those are levels we havent seen in so, so long all of this comes after the dow sa
Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it