Now. Broader markets also higher. Take a look at futures, dow futures currently up 250 points, thats about 1 , nasdaq futures up 92 and s p futures up 25. Stimulus standoff leading to the nasdaq lower by 185. Gold losing some of its shine. Tumbling 4 and a half percent yesterday. More tiktok security concerns this morning. The popular chinese app reportedly tracking user data for millions of people in violation of google policies. Plus College Football taking time out, the big ten and pack 12 postponing the fall season due to coronavirus. Mornings with maria is live right now. Maria and global marks this morning are mixed. Ftse 100 in london is up 48 points and uk economy falling into a recession after shrinking more than 20 in the Second Quarter, largest contraction reported by any major economy so far. The cac quarante in paris up 12 and dax index in germany lower by 18 points this morning. Check asian markets mostly higher on the session. Kospi index was higher as well as hang seng,
Yield moving up to. 4 basis points the vix is below 22. Joining me now is marc lasry. Great to speak with you. Lets begin with the markets. You said 2020 be a onceinalifetime opportunity. Where are we in that opportunity now . Now that the first wave of buying is over, is there another way to come this year . Marc thank you for having me. There is this misconception that we have missed it. We have not missed it. Is doing really well, and that is fabulous for equities. But you have a Record Number of companies that have already filed, and they are continuing to file. It is a world of haves and havenots. Us, we are finding quite a bit to do in the u. S. And around the world. We will get to everything that you are doing in a moment, but what do you do if you feel like buying but you know it is probably not the time yet. Do you have a forecast on when we are likely to see more pain . Marc i think now is a great time to buy. You dont want to time this. In want to be able to invest situation
We will bring that to you live and keep you updated. We will get the market take, what do you do when Retail Investors are crushing it and the sophisticated guys are not . We will break it down. Story, the the top market is paying close attention to the Central Banks economic protection. Theres a lot of stuff going on. Our guest joins us now. We have a laundry list of things that everyone is watching for, what are you most interested in . We are all watching for a lot of things but i dont think anything will really happen. Im not expecting any new announcements yet the most interesting thing will be the summary of economic ejections, projections. This is a good sign at the fed now feels like they can actually day forecast together. But it will be uncertain. I think bloombergs forecast quarter,t for this which we are already most of the way through, theres contraction by 7 , and 65 growth for this quarter. Just to show how incredibly uncertain rings are, they are putting together a fore
Joining us is jeremy howard. Youve been talking about masks for the past six weeks or more, right . Right. Now that were finally adopting this on a more universal basis, i want to get it to. Im excited sthoe people how quickly it can be done. Before we get to that i know you have been studyig it if people all wore masks and you have the results of a new study. Tell us about that. Since i was last on your show i put together a team from all around the world. South africa, europe. We have been studying the data and literature intensely. We have discovered that people have their masks backwards or inside out. The research has been looking at whats the impact when you wear a masks in terms of do you get sick, do you get infected if youre wearing a mask. What masks do is they stop other people from getting sick if youre sick. Remember, you dont know if youre sick. Youre most infectious at the time that youve just first been infected. We crunched the numbers and it turns out under some prett
So nbc news now has obtained a onepager, in effect, laying out the stage 3 proposal key terms. Thats the mnuchin proposal for about 1 trillion in stimulus and economic backstopping. Heres whats in it, as were going through it in realtime the Airline Industry gets a secured Lending Facility of 50 billi billion. Theyre saying it would be secured by lateral thats specified by the Treasury Department here. Other severely distressed sectors of the u. S. Economy, thats 150 billion. This document not specifying what other sectors might be included here, but theyre saying that it would authorize use of those funds for secured lending on loan guarantees to assist other critical sectors of the u. S. Economy, experiencing distress here. Also, theyre going to temporarily permit use of the Exchange Stabilization fund to guarantee Money Market Mutual Funds. What treasury is saying here is they will temporarily suspend the statutory limitation on the use of Exchange Stabilization fund for guaranteed