Monetary system and the problems with distribution in the Monetary System because as you know one of the Solutions Offered for the covert 1000 pandemic is that were going to print chileans and trillions and trillions of dollars even more trillions so weve printed for the 2008 crisis well here we have seen carstens hes the former head of the bank of International Settlements and we prince tweets about him Central Bank Interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so hes talking about these trillions of dollars are going to be handed to the same banks they got that in 2008 j. P. Morgans of the world Citibank Bank of america all that stuff but the problem is especially in the situation its not those big banks that are having a liquidity crisis as it was back then or credit crisis or credit crunch its these small and Medium Sized Enterprises that o
Jim, its clear that even though we had some constructive things happen tactically yesterday, sounds like you dont expect this bounce to last for long were the most oversold weve been i guess you could go back some people say get some great stuff from mr. Williams who is one of my favorite technicians, larry williams. I want to point out, hes done work which says going back to 1933 this is one of the most extreme panics ever. He wants to buy panics on the other hand, you say whos there to buy i feel that were due for a bounce i dont know how much money there is there is to buy much more stock liquidity is a concern in every aspect of finance, at the same time any time you skip over the Public Health issues, you forget that right now strapped in san francisco, strapped in boston, strapped in new york maybe theres not just equipment. The nightmare is occurring what do we make then of stei stifel looking for a 15 rally, gun gundlach not shorting. Why are there these Little Pockets of not o
Wonderful southern live from the russian capital this is often international for myself on the whole team here a very warm welcome to the program. Jump in the u. S. Is boosting its defensive capabilities in iraq the head of u. S. Some true cmon said this was in response to the threat posed to american troops by neighboring iran. We are also in the process of bringing air Defense Systems Ballistic Missile Defense Systems into iraq in particular to protect ourselves against about another potential iranian attack well just when many thought that tensions between the United States and the Islamic Republic of iran were starting to cool we have the u. S. Central command telling us the opposite take a listen this is no easy task iran is persistent and is growing its arsenal Ballistic Missiles despite International Condemnation a ram remains the Worlds Largest state sponsor of terrorism now its important to note that the Iraqi Parliament has voted to end the presence of all foreign troops in t
Velocity to the dollar and cash, it only have i never seen it, would say biblical times but i was not around for that. Francine i will have plenty more on that. Lets get to bloomberg first word news. Viviana we begin in china for the First Time Since january the nation reporting new cases of the coronavirus in the single digits. A month ago china reported almost 15,000 cases in one day. It is a sign of viral outbreak may be coming under control. Still the disease is spreading in the u. S. And europe. Italy has more than 15,000 cases and over 1000 deaths. The u. S. Is now up to 1500 infected. A state of emergency declared in new york city last night. To capitol hill and how House Speaker nancy pelosi saying she is near an agreement with the Trump Administration on a coronavirus bill. For paid sicking leave and more aid for those who will lose their jobs. Policy hopes to have a deal today. Investors looking to the Federal Reserve. The fed unleashing a trillion dollars but failed to help
Does he justify chinas catalogue of human rights abuses and the continuing pressure on hong kong. Thank you for having me china has always insisted that it will do anything to avoid chaos it shot a large number of its own people in beijing 30 years ago to do that but its failed comprehensively to address the protests in hong kong why maintaining stability has always been a pillar for chinas Development Since the late in that. Seventys but its failed to do it in the hall closet different ever since 1987 told this part of china that china has practiced a one country 2 systems so in all. The primary responsibility of maintaining law and order is resting on the shoulders of the whole caught he said our government and the chief executive carried government thats approved by beijing absolutely hong kong is part of china and one of the one percent is doing beijings business not doing it not doing it very well is it its failed its failed to keep the hated extradition mordant it was forced to w