Im hopeful we will very much try to learn as much as possible from that facility and from all the other ones. We have a lot to learn here. We will certainly be trying to do that. In terms of fiscal concerns, for many years, i have been before the fed, i have long time been an advocate for the need for the United States to return to a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time which just means the debt is growing faster than the economy. This is not the time to act liz well, you know what, it was going along really, really well and it was making history. That was of course chairman Jerome Powell of the Federal Reserve. This is the very first time we have ever had i guess its considered a zoom Federal Reserve meeting and reporters, of course, were standing by. You saw the chiclet screen there. Here we are. We got it back. Lets dip right back in. But to let that get in the way of us winning this battle really. Edward lawr
Japans ruling party says the coronavirus will hit harder than the financial crisis. The global stocks rallied after the u. S. Opened the fiscal taps to the tune of a billion dollars. Thats on rate cuts for major Central Banks surge. St. Louis fed president tells bloomberg, dont assume that will be another cut in two weeks. Rate to thee policy right place for now. Given the information that we have now. We took out some insurance against the possibility that this will cause a growth slowdown in the u. S. Matt division in vienna. Agreement over output cuts proves elusive for opec plus delegates as they look to counter the impact of the coronavirus. We are live on the ground for a crucial meeting there. Lets take a look at futures, getting across europe right now. More than 0. 5 . Up 0. 75 . S are futures. In u. S. We finished up more than 1 yesterday across european forces. There was a major surge in u. S. Stocks as a result. You are seeing futures down for the west stocks. Risk on for e
Chinatown. That is a very bad sign. This 7000 squarefoot Chinese Restaurant has gone dark for two weeks. The owner decided to temporarily shut down for the month of march after business fell off the cliff. 70 . Reporter 70 . 70 at lunch. Dinnertime i think almost 90 . Reporter he says customers stopped coming fearing they could pick up the virus by being too close to others. He says the biggest victims of their employees. No work and no paychecks. They still have to pay the rent, pay their food. They are hurt. Reporter many stores have either cut back on hours or temporarily suspended operations, including this seafood restaurant. It is one of the biggest restaurants in oakland. A few doors down, they decided to close early and 2 00. Not a single customer today. Just one customer yesterday at her drycleaning business. Know people. Very quiet. Reporter heres a look at the pacific Renaissance Plaza in the heart of chinatown. Here is what it is like on the streets. Same problem. In San Fr
App. The ceo will be here to tell us the one fad he has his eyes on power lunch begins right now check out those record highs across the board the dow, the s p, the Nasdaq Record setting major indexes on track for their best month since june as we look to round out november just sort of two and a half trading days left to go or a little more than that bri brian, take it away. Did you really say visco inferno . Visco inferno with all the three major averages hitting highs, can investors expect more gains as we head into 2020. Good to see you. Brian, how high do to stocks go from here he sees s p 500 headed to 3300 by the end of 2020 just to put that number into perspective, that implies a 5. 3 upside from where were trading at right now some of the things hes referencing is a tri trifecta. Bottoming out referencing the rebound we have seen in german economic data. Other Market Participants are saying the factors are already priced into the market when it comes to trade theres still this
It was once the largest and most magnificent synagogue in germany. A palace of faith a temple of understanding. Beneath its gilded dome fragments of the past desecrated torah scrolls mysterious inscriptions. And charred remnants of darker times. The noir synagogue or new synagogue in the heart of berlin paris testimony to a bygone era. The shimmering dome is visible for miles around the synagogue on Iranian Border schussler is a magnet for tourists a landmark and a solemn reminder. Built as a house of worship more than 150 years ago its a jewel of the city. Yet it. Almost lost on november 1938 kristallnacht the night of broken glass when thousands of synagogues across germany were set ablaze. To mourn as on his way home near the station he sees the facade and the synagogue and claims. The administrative director of the preacher hospital rushes back to work. His hospital is directly next to the synagogue asa sure enough here to starting a fire. Calls the police and threatens to sue the