Pandemic kering gets paired down with gus gucci sales down volatile trading again in oil as brent bares the brunt of the selloff. Nearing 21year lows producers battling the glut and depressed demand the u. S. Senate passes a new 500 billion relief fund package. This will go to hospitals. Loans for Small Businesses and some assistance in the funding for testing. You cannot tell people to go out in the streets without adequate testing or the fear is that corona will come back doubly as hard as it came the first time a very warm welcome to street signs. European markets starting the morning off on a high note currently trading about 1 higher following a steep selloff with the main benchmark breaking the win streak this morning, european corporate earnings taking focus. We had a number of Earnings Report a raft of Different Industries movement around dividends and a lot of pressure on earnings. Companies sounding a more optimistic tone in the second half of this year and beyond 2021 Energy
The corona virus pandemic which has caused a lockdown and near halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 full. To minus. 3 percent. Now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time this makes the Great Lockdown the last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below pretty virus levels the comments come weeks after u. N. Secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w
Lieu of people who have been told do not go outside this is crazy but heres what we want to do we want to start with Something Else i want to start with this what in the world i have to ask is going on with european carmakers who are being caught red handed lying and cheating what are they lying and cheating about car emissions its like if i sold you a car and i guaranteed you that it does not pollute the environment but it does. If you drive a Mercedes Benz this may have happened to you investigate or say the company produced to a t 2 180000 c class and class vehicles 280000 of these things that were outfitted with a little trick gadget that goes into the car to fool people into thinking that its not polluting when in fact it is essentially who they want to fool is the people who test the cars for emissions right the maker of mercedes has recalled 700000 cars and while the investigation of mercedes continues volkswagen is still reeling after they got caught pretty much doing the same
America one of the most important questions begging begging to be asked of our great elected officials from donald trump to nancy pelosi to Mitch Mcconnell is why did you allow this to happen why did over 12000. 00 americans die on your watch especially when you spend 1. 00 trillion dollars of our tax dollars on National Security this year alone the trumpet ministration secured a near record 750000000000. 00 in defense spending but what kind of security are you buying us one a simple virus can crush our economy and Health Care Infrastructure in just a few short weeks naturally the most common answers we have citizens get in return when we ask these questions is either a litany of spoiled toddler like finger pointing like the kind we witnessed this week when u. S. President donald trump tried to claim his an adequate season failures were. All the fault of the World Health Organization or or the other excuse one of my own personal favorites in political excuse making the a big protests w
Finished, the dow gained a thousand points. The s p 500 finishing the day markedly higher. The nasdaq soaring 673. President trumps decision to declare a national emergency, a strong, swift action that opens up 50 billion in federal resources to help state and local governments fight the pandemic, the president also waiving interest on federal student loans. Directing the department of energy to buy up crude oil to store in the petroleum reserves. To unleash the full power of the federal government in this effort, im declaring national emergency. We are announcing a new partnership with the private sector to increase on accelerate our capacity to test for the coronavirus. We want to make sure those who need a test can get a test safely, quickly and conveniently. The next 8 weeks are critical to turn a corner on this virus. Lou the Trump Administration says the next two months well be putting a major emphasis on expanding testing. This morning the fda approved a new coronavirus test. It