Ease some of the Capital Buffers as well, potentially some of the u. S. Banks. We know again this is not a financial crisis, this is more of an exhaustion us shock. So letting the banks perhaps ease up on some of these roles to make sure they can get loans out to people who need them, certainly perhaps a smart idea. Ofncine yeah, i think a lot policymakers are just worried over what is essentially a Health Crisis that will turn into a financial crisis as they are trying to give loans and credit to Small Businesses that need it. I am looking forward to an interview with the treasury people in charge in the u. K. About the stimulus they put out yesterday lets get to first word news in new york city with viviana hurtado. Viviana we begin with the Trump Administration pushing a one point 2 trillion stimulus plan. This to counter the Economic Impact of coronavirus. Bloomberg has learned americans could get direct payment of 1000 or more within two weeks. A month later, a second set of check
Sure i dont like the way in which it was done it feels like they were between a rock and a hard place. The fed when i say panicked the fed took a victory lap a slew of Airlines Warn of head winds with lufthansa canceling 7,000 flights. Brent trades below 50 a barr barrel russia needs to get on board as iranian minister says there is no plan b. We are trying to reach to our colleague in other countries good morning, welcome to street signs. There is a lot to talk about in markets going on first, i want to bring your attention to substantial moves 10year yield in u. S. Has broken through basis points we have rallied about 15 basis points this morning. To put it into terms, rallied 30 basis points this week that is gigantic move in fixed income let me take you back through equities you can see almost every single stock in the stoxx 600 is under water. We had another 1,000point decline in the dow small cap in bear correction territory. About 80 of s p are also technically in correction ter
And lovely cant couldnt mexico on the beach with the palm trees swaying in the monkeys chattering special guest with us today alex patch off sea. Bit fury theyre rocking it out in the mining space thank you marks remind you finally and tell us about its a company that was very early into big and we heard about it we talked about on kaiser report going all the way back maybe to 2011 or so but tell us a little bit about it sue before it was wrong to be in 2002 well initially it was like everything was just beginning from the whole big suv the people with so many different businesses they realized the beat when existing the start to try mining going and then they decided just to create the company and they were nice cheap and they started building the data centers a 6 you mentioned a 6 what are a 6 chip special custom designed i. C. Cheap one performing on the one single functions. A lot of things youre hearing skills just created its like bigger capable of course just to create the cheap
And industrial is that correct yeah thats correct su the chip was not invented only by bt quietly using them from the seventys but the normally revolution if you feel about the beat going like about the infrastructure its the warmer all the operational expenses and this is a reason why instead of the c. P. U. The speech for g. P. U. Because the working more efficiently and consume less Electrical Energy and then they go to f. P. G. A. And right now all the new cities using a seems ok so theres a bit of an arms race in the technology of big client mining and in china of course you have huge players who not only design chips but they also have a lot of Energy Available to them and they dominate with between 40 or 50 percent of all the mining depending on how you look at it is is that concentration of mining in china is that an accurate description and is that going to continue in the near. Future and is the new coronavirus does that threaten chinese mining in any way to. Its was just lik
Were down in cane cooed on the beach were covering the stories of mexico and having a good time but were doing it. On our i phone. Max kaiser and lovely cant couldnt mexico on the b. H. With the palm trees swaying in the monkeys chattering special guest with us today alex patch off sea. Bit fury theyre rocking it out in the mining space thank you marques remind you finally and tell us about big ferry its a company that was very early into because and we heard about it we talked about on kaiser report going all the way back maybe to 2011 or so but tell us a little bit about it sue before it was wrong to be in 2002 well initially it was like everything was just began from a whole big soon be people will so many different businesses they realize the beat when existing the start to try mining going and then they decided just to create the company and they were nice cheap and they started building the data centers a 6 you mentioned a 6 what are a 6 chip special custom designed i see cheap o