Spread have induced a sharp decline in Economic Activity and a surge in job losses indicators of spending and production plummeted in april and a decline in real g. D. P. In the Current Quarter is likely to be the most severe on record. Even after the unexpectedly positive may employment report youre only 20000000. 00 jobs have been lost on net since february and the Unemployment Rate has risen about 10 Percentage Points to 13. 3 percent. The u. S. Central bank says it expects g. D. P. To contract by 6. 5 percent in 2020 but doesnt this big growth of 5 percent in 2021 and 3. 5 percent in 2022 u. S. Equities had bounced back after the decision but fell quickly with the dow dropping by more than 200 points however the tech heavy nasdaq continued its record run on wednesday above 10000 points for more on all of this lets bring in bill bus cohost christine and c. E. O. Of cool intelligence and former fed insider daniel de martino both then i want to start with you here what are the latest
Berea all the troubled history failed to point its hollow point to k. K. K. Exists because america wants it to exist there is a biggest terrorist group to ever operate in this country and theyre dead to media worse also than the people who destroyed the World Trade Centers of the scroll. 54 jets and more than 1300 military personnel are headed to heal some air force base in alaska where is that to say come on ill show you whats the reason for any type of enhanced u. S. Military presence in this area rush up. What is it suddenly about the south china sea. It makes it so that it 11000000000 barrels of oil. Take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have Nuclear Weapons capabilities there is reason for concern so thats why were going to drill down on this story for you today right here on the news with rick sanchez where you know as we always like to say we do believe by golly its tim
Run with a packed show today so lets dive right in. And we need the program with the latest policy update from the Federal Reserves federal open Market Committee as expected fed chair drone powell announce Interest Rates will hold near 0 through 2022 but the real question has been what action will the fed take moving forward. Since march weve been purchasing sizable quantities of treasury and Agency Mortgage backed securities you know or to support the smooth functioning of these markets which are vital to the flow of credit in the economy. Our ongoing purchases have helped to restore the Market Conditions and have fostered more accommodative financial conditions as market functioning has improved since the strains experienced in march we have gradually reduced the pace of these purchases to sustain smooth market functioning and thereby foster the effective transmission of Monetary Policy to broader financial conditions we will can increase our holdings of treasury and Agency Mortgage
Is good but the one business show you cant afford to miss im going to bore in washington coming up the fed is decided to keep rates steady in the midst of the coronavirus devastation we bring you inside or inside on the decision and what lies ahead for the u. S. Central bank clutched at the Federal Reserve has propped up markets in the u. S. It is posed an interesting issue for a major debt holder china and later the race is on for the head of the World Trade Organization and the European Union is weighing in we bring you the latest on the run with a packed show today so lets dive right in. And we lead the program with the latest policy update from the Federal Reserves federal open Market Committee as expected fed chair Jerome Powell and now its Interest Rates will hold near 0 through 2022 but the real question has been what action will the fed take moving forward. Since march weve been purchasing sizable quantities of treasury and Agency Mortgage backed securities you know to support
For. Hi, everybody this is bulls bears, thank you so much for joining. Happy valentines, im david as my prejoining me on the panel jackie deangelis, jonas ferris, capri cafaro and gary b smith. Charlie gasparino is reporting behind the scenes that they want biden to drop out in favor of Michael Bloomberg. He even said he feels sorry for biden but he has no chance. Joe is not letting go telling the ladies on the view that he still has the edge on bloomberg. I dont think you can buy an election. Everybody thinks that. One of the advantages and disadvantage, ive been only got to the process who has been totally vetted. Ive had a target on my back since i got in, im still standing. And i will get a chance to debate their bluebird, get a chance to debate him from redlining to stop and frisk and whole list of other things. David does joe biden have enough political mojo left to reverse the mode known to him of sanders and bloomberg. I think that the wall street folks are onto something. I pu