Rally. You can thank the Federal Reserve for that. Is hovering above 1 , which is a good thing. They are launching qe. Well, they are not calling it qe. We are calling it qe. David let me put you on the spot. A question a lot of people are asking today, is the market down because of the fed or despite the fed . Some people are saying there are indications that the market is going to be down a lot, and he said may not have made a better. Taylor potentially, the two emergency rate cuts made people wonder whether the fed know something we dont. The fact that they came out sunday and they knew something they couldnt wait until wednesday, they had to ask sunday night, that potentially made markets nervous. On the others on the other hand, like you said, this is a medical crisis, so markets could have been down the matter what until we get that flattening out of the curve in the terms of the number of cases. David thank you for being here. For more on that emergency fed rate cut yesterday, w
Coming up in business. Now to some of the other stories making news around the world today iraqi state media say Government Troops have taken control of areas around the kurdish held city of kirkuk kurdish officials have reported clashes but this was denied by iraqi authorities the operation comes three weeks after iraqs autonomous kurdish region for independence kurdish troops seized the oil rich city in two thousand and fourteen during the fight against socalled islamic state. Venezuelan president Nicolas Maduro has hailed the results of Regional Elections his ruling party won nearly all twenty three contested state governorships Opposition Leaders have said they suspect elections for all independent polls had projected the opposition would win a majority due to mature as poor handling of venezuelas economic crisis. Now the government of the spanish region catalonia is less than two hours from a deadline to clarify whether it has declared independence from spain last week madrid gave
Media are reporting the offer could be as high as half a billion euros. There is a new order in the skies above europe Italian Airline out italia which filed for bankruptcy last may recently received another line of credit from the Italian Government to help it maintain operations until a new buyer is found. Tons is offering half a billion euros for parts of the airline according to reports by italian media the german air giant is reportedly only interested in audi talias Aviation Business and not its ground operations that means half of the employees of italys Largest Airline could lose their jobs thats around six thousand people and thats similar to the Current Situation faced by the employees of insolvent Airline Air Berlin the photons is said to only be interested in talias long haul routes and not the short and medium ones whether anyone else is interested in those still remains to be seen as no other potential buyers have been reported to be lining up for pieces of al italia euro
Are reporting the offer could be as high as half a billion euros. There is a new order in the skies above europe. Italian airline out italia which filed for bankruptcy last may recently received another line of credit from the Italian Government to help it maintain operations until a new buyer is found. Live tons is offering half a billion euros for parts of the airline according to reports by italian media the german air giant is reportedly only interested in out italia is Aviation Business and not its ground operations that means half of the employees of italys Largest Airline could lose their jobs thats around six thousand people and thats similar to the Current Situation faced by the employees of insolvent Airline Air Berlin the photons is said to only be interested in the tally is long haul routes and not the short and medium ones whether anyone else is interested in those still remains to be seen as no other potential buyers have been reported to be lining up for pieces of al ita
Media are reporting the offer could be as high as half a billion euros. There is a new order in the skies above europe Italian Airline out italia which filed for bankruptcy last may recently received another line of credit from the Italian Government to help it maintain operations until a new buyer is found. Live tons is offering half a billion euros for parts of the airline according to reports by italian media the german air giant is reportedly only interested in audi talias Aviation Business and not its ground operations that means half of the employees of italys Largest Airline could lose their jobs thats around six thousand people and thats similar to the Current Situation faced by the employees of insolvent Airline Air Berlin the photons is said to only be interested in talias long haul routes and not the short and medium ones whether anyone else is interested in those still remains to be seen as no other potential buyers have been reported to be lining up for pieces of al italia