Investors say there is little chance of warding off a recession. The bank of japan is next. Governor kuroda may be more aggressive as the virus further weakens the economy. U. S. Futures start trading in the negative right now. Under pressure right now. 3 percent. Even after we saw the worst day since 1987. Forident trumps travel ban europe not today well with investors. Take a look at what we saw throughout the session. It was an incredible day on the s p 500. The fiveminute trading. If you can switch up the board, you can see what happened throughout the session. We were down 7 . We did see a little bit of a bounceback around 130 when the fed came in with surprise Market Operations. We have the fed ramping up measures to help the markets and liquidity with more than 5 trillion being promised. 1 30, that Center Markets a little higher. That did not last long. You can see how the 10 year yield did manage to pervak some lower,e but it was still around. 8 . The same thing for the u. S. D
California has jumped 14 compared to just yesterday. Which is one reason why he made a big announcement this afternoon regarding seniors. Now, he is asking for all californians age 65 and older to selfisolate. That means 5. 3 million seniors now have been asked to stay home. We are prioritizing their safety because of their unique vulnerabilities to this virus. We also are prioritizing those with chronic conditions and prioritizing our homeless. Reporter specifically the state is looking into using hotels, motels and even trailers to help house the homeless. The governor also asked some businesses to temporarily shut down including bars, nightclubs and brew pubs. And he is asking restaurants to distance patrons and reduce current occupancy by half. Now, Governor Newsom also announce that had there have been a newportal developed by the Company Apple rather, alphabet, which is a subsidiary. And that portal will help people in both he saint claira county and San Mateo County go online, a
First, all the Business News with rico hizon in singapore and Asia Business report. We look at what companies in America And Asia want from the us fed s intradays meeting. Todays. Im glad you could join us. I am rico hizon. It is less than 2a hours before we find out if the Us Central Bank will raise Interest Rates for a second time this year. Analysts widely expect the fed to increase the cost of borrowing. It has fallen toa16 the cost of borrowing. It has fallen to a 16 year low and Economic Growth appears to have picked up, with inflation so low, wieters The Fed Stand ready to act again . Michelle fleurieu has more from new york. Fleury. This factory is growing at a dizzying pace. We have been grown for the last 18 months between 15 and 18 . This woman Left University to set up this start up, hoping to revive an industry many left for dead. Here, they sell close not to customers but directed to businesses, who demand a fast turnaround. The firm now employs 65 people, and has set up
Broke out. A new African Peace Keeping force is going to try to stop the violence there in that wartorn nation. For the first time in three years, congress has passed a bipartisan budget deal, the bill clearing the senate with 64 votes despite opposition from the tea party and conservatives in congress. The bill easing automatic spending cuts that would have taken place next year and making sure there are no government shutdowns for at least two years. Those are your headlines. Consider this is next. You can check us out 24 hours a day by going to aljazeera. Com. America faced with two International Incidents deeply personal in very different ways. First an indian diplomat jailed and strip searched because she may have lied to the u. S. Government and severely underpaid her house keeper. Consider this, how did a nanny salary dispute in danger u. S. Diplomats in india. President obama snubs russian president putin over the countries anti gay laws, but will the move backfire. The e. P. A
After as investors take a breather and equities but not cold. Josh following the moves on capitol hill for the following confirmation of janet yellen. We will get to josh in just a moment. First, the white house says it will veto new congressional legislation that would toughen sanctions against iran. Senators from both parties introduced the bill earlier today despite appeals run the white house and secretary of state john kerry. Bloomberg International Correspondent just landed in washington after traveling overseas with secretary kerry and she joins us on the phone. Good evening. Good evening. The white house has threatened to veto this new iran sanctions bill. Dumping the president has not done before. Why is this such a sensitive issue . This is a very big deal. His administration has worked with congress in the past to try to adapt previous sanctions legislation to the something that the administration could live with. To come out and threatened to veto the bill, remember this is