Cdc calls for stronger restraints to stem the coronaVirus Outbreak youre watching a special edition of squawk box. Good morning, everybody, im becky quick. Joe kernen and Andrew Ross Sorkin are live at times square. Youll see the dow futures, the s p futures, nasdaq across the board limit down after weve seen what the feds reaction is and wait for the market to open. Well watch the etfs, those are not capped at 5 down. You can see what the action would be right now the dow etf is trading down by 8. 9 s p 500, etf trading down by 8. 8 these are the things youre watching very closely. Last night the fed took Emergency Action cutting i its benchmark Interest Rate from 1 to near zero, and other attempts in an attempt to stabilize the market buying 700 billion in mortgagebacked securities they are also activating swap lines, in an effect to calm lines. More from Steve Liesman in a moment. Other news out of washington today, the house passing emergency coronavirus aid legislation including f
Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
Ros hello. Ough seconds. Welcome to outside source. New cases of coronavirus continue to be reported around the world. Of tourists cannot leave the hotel in tenerife r ter an itaan doctor there tested positive e virus. Cannot leave the otelco or the grounds cannoteave the hotel or the grounds. Ro in iran, the Deputy Health minister seen repeatedly wiping his face at a press conference, and it was later confirmed he has the virus. At least 10 People Killed in questions today in delhi ove a new citizen law to grant amnesty to immigrants from neighboring countries as long as they are not muslim. And the eu has agreed a mandate with new trade talks with the u. K. The British Government will lay out its plans on thursday. Ros there are now over 80,00 cases of the coronavirus, and i was going to tell you they are in 36 countries, but we are now getting reports that algeria has reported its first case, so that figure may be up to 37. Thety vast majof cases are in china, but the are now sing t
And once again, we are live here on cspan2 for the 16th Public Meeting of the defense Advisors Committee on prosecution and defense of Sexual Assault in the armed forces. This meeting is open. Before we get started, apparently in order to speak, you need to hit request. The green, and when youre done that seems odd, in any event, mr. Sullivan, thank you, and good morning. I want to welcome the members and everybody in attendance today on valentines day to the 16th Public Meeting of the Defense Advisory Committee on the investigation, prosecution and defense of Sexual Assault in the armed forces. Or da krchc. Miss cannon. Here. Miss garvin. Here. Mr. Cramer. Here. Ms. Long. Here. Mr. Markey. Here. Dr. Markowicz. Here. General swank. Present. Doctor spahn. Here. Judge grimm by telephone . Telephonically here. Miss tocash by telephone . Im here. Great. Judge, chief and mckinley and judge walton couldnt be in attendance, but with 11 in presence we have a quorum. It was for fiscal year 2015
Huds hudson senior institute. I am seth cropsey. I hope that you have the monograph thats a subject of our discussion today. And, if you do not, i believe that we still have copies in and out the front desk so by all means pick up a copy on your way out. We are fortunate to have with us today brian mcgraft, this man, my friend and coarthur, former Deputy Director of Hudson Center and managing director of the National Security defense consultant. Also a plane crash to welcome this man. Also, a retired naval officer and defense news best writer. I will offer some thoughts based on our monograph, brian will follow and then the three of us will discuss, well conclude with questions and probably some answers. To the untrained audience, modern Technology May seemed to have eliminated the thought of war that defined premodern battlefields. Victory and historic conflict relied on the coincidence of skills and luck. The great commander thought to place himself in a position to impose his will o