Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150
Never give up. Woodruff welcome to our pbss ur special, confronting coronavirus. Im judy woodruff. A rus none of us can see with the naked eye has turned our lives upside down in ways we couldnt imagiek just a few ago. Most of us are anxious because so much has changed so fast; frightened because so much is unknown. Knowing that, we decided to try to addressome of your concerns. Over the past week, weve collected your questions, and, tonight, weve invit a team of experts to answer many of them. They cover your own personal health, the economy, and how prepared we are as a coury for this threat. Later, well also hear from dr. Anthony fauci of the National Institute of allergy and Infectious Diseases, probably the most respecte voice in the nation right now. But to begin, a look at how we got here. Its alover the world. Its incredible whats happened a such a short period of time. Woodruff onlw months ago, the disease now known as covid19 is believed to have originated at one seafood and
Unusual session but critical. Mr. Speaker, this legislation represents a bipartisan and resolve to meet the coronavirus challenge head on. It represents a focusnt on families and workers with the objective to make them safer and economically supported. That will protect workers as we all doo our part to flatten the curve. Public Health Officials have made it clear the only chance we have c to prevent our system to be overwhelmed with the pandemic it is threatened to be for his as Many Americans to stay home as possible. It is however necessary for us to be here, to pass legislatio legislation, to respond on behalf of the American People through this daunting challenge. The closure the large parts of the economy must be temporarily shutec down cause severe disruption for businesses and workers we saw the impact of this yesterday when new Unemployment Insurance claims increased by more than 3 Million People 3 million individuals. Those that rely on them for support of their families and
Out of his still in the but love that we may keep one another healthy and safe. It will therefore be unusual but mr. Speaker this legislation represents a bipartisan resolve to me the coronavirus challenge. It represents a focus on families and workers to the objective to make them safer and economically supported. It will protect workers and their families and our economy as we all do our part to flatten the curve. Public Health Officials made it clear that the only chance we have to prevent them from getting overwhelmed is for as Many Americans to stay home as possible. It is however necessary to be here, to pass legislation, respond on behalf of thees American People to the daunting challenge. Closure means large parts of the economy are temporarily shut down causing severe disruption for businesses and workers. We saw the impact of this yesterday with the new Unemployment Insurance claims increased by more than 3 Million People. 3million individuals. 3million families rely on them
The Federal Reserve announcing another program that primary dealer Credit Facility this is one of the biggest programs the Federal Reserve has yet to do. It is call the kitchen sink of lending programs it provides shortterm, overnight, and term funding up to 90 days for a broad range of assets i can tell you the kinds of assets that now primary dealers can bring to the fed to get funding. Investment grade corporate debt, securities, commercial paper, municipal securities, mortgagebacked securities, assetbacked securities, even Equity Securities excludeing etf. Bring us your poor, tired, hungry, weak the fed is saying bring us your paper, well, obviously, give it a haircut but well also lend it overnight. So now the fed, implementing almost all, still a few left of the financial crisis era programs from the Great Recession that had in place today. It put in place the commercial paper facility and has really long Quantitative Easing Program and bringing rates down to zero. What is left i