Largescale repos, as it has been doing it goes on to describe the impact of the coronavirus on the economy the way it sees it, causing tremendous human and economic hardship, the statement says and measures to protect health have been causing the sharp economic declines and the losses in unemployment and jobs on the inflation front, the Federal Reserve notes, muted inflation, says weak demand and Lower Oil Prices are holding down inflation disruptions to Economic Activity, it says, have impaired the flow of credit the Public Health crisis will weigh heavily, it says, on Economic Activity and unemployment and just a bit of analysis picking on something that was just said there, there is no forwardlooking aspect to this statement here generally, the Federal Reserve says, this policy will lead to x, continued, sustained expansion. Things like that there is nothing here where the fed says the policies we have now will lead to x in the future its all about the fed chronicling the damage to
U. S. Unemployment about 20 , nearing the 25 we saw during the great depression. The house is set to vote any minute now on this additional relief package that would release 300 billion in funds for Small Businesses. I want to bring in taylor riggs. I want to start with this news out of gilead. Having the s p 500 was some strong gains right out of the gate and then it dipped into negative territory two or three times the lot of the volatility and the weakness coming off the headline we got. It was a Financial Times seen the that they had who accidentally leaked results from a chinese trial. The drug failed to show a positive result. From thely removed it website but the damage was already done. Gilead came out and said the study of the results accidentally published were mischaracterized. The trial had to stop because not enough patients could be found. The results are inconclusive. Damage to gilead scientists and damage to the rest of the market had already been done. It shows you how
I just want to take a moment to recognize that dd cannot join us tonight to talks leadership in the cia and the careers at the agency and one was even recruited out of high school we will hear about that. And please make sure you are listening to beverly kurt. Also if you are tweeting tonight please use the. The fire alarm goes off i will be here to escort you were to go. Now i will handed over to the executive Vice President for global government and then to help to amplify the voices with the International Business and development. [applause] thank you kathleen for joining us tonight for the smart women in smart power series. We are so excited weve had some really great panels. But i think this will be one of the best ones we have tonight. We are proud to call ourselves a and with the distinctive lines of business that gives us a unique Vantage Point of political climates around the world. So as we confront those challenges we do so in a way that enables us to provide Financial Servi
I just want to take a moment to recognize that dd cannot join us tonight to talks leadership in the cia and the careers at the agency and one was even recruited out of high school we will hear about that. And please make sure you are listening to beverly kurt. Also if you are tweeting tonight please use the. The fire alarm goes off i will be here to escort you were to go. Now i will handed over to the executive Vice President for global government and then to help to amplify the voices with the International Business and development. [applause] thank you kathleen for joining us tonight for the smart women in smart power series. We are so excited weve had some really great panels. But i think this will be one of the best ones we have tonight. We are proud to call ourselves a and with the distinctive lines of business that gives us a unique Vantage Point of political climates around the world. So as we confront those challenges we do so in a way that enables us to provide Financial Servi
They declared the value of the gold, melted the gold into bars to ahipped the bars philadelphia mint to make gold coins. At the time, the largest u. S. Coin was the 10 liberty had gold eagle. Of a newd to the idea larger gold coin. The liberty had coin was designed by the chief engraver of the u. S. Mint, james martin longacre. Since this new coin was twice the value of the 10 eagle, it was nicknamed the double eagle. The double eagle was first struck as a proof coin. Only one of these coins is known to exist and today resides in the smithsonian. It is estimated to be valued at millions of dollars. The obverse of this coin portrays a beautiful rendition of lady liberty adorned by a coronet inscribed with the word liberty. The reverse of this coin depicts a heraldic ego. The double eagle, composed of 90 gold and 10 copper, was an instant commercial success heavily used by merchants and banks. Liberty head gold double eagles are of particular importance due to their low mint edges and fa