More on the fiscal side. The focus needs to shift on to fiscal stimulus now. More coordinated policy response. An all of the above strategy. It is critically important we do that. Dont bicker and argue about doing payroll taxes or paid family leave, do them all. This is what the market needs to see, fiscal policy makers starting to panic. Markets stop panicking when policymakers start panicking. And starting to appreciate the urgency of the situation. It took until the last few days for that to happen. Here we are now. Jonathan what a week its been. Joining me around the table, collin martin, gregory staples, and michael buchanon. Michael, i want to begin with you. The Silver Lining at the end of a brutal week for many of you out there, i know. Finally, do you start to see the policymaker panic, and should that be were the markets stop panicking . Michael i think thats a real good point. We knew fiscal policy was coming our way, we knew Monetary Policy was coming our way. The two worki
The economic problem, thats much more on the fiscal size. The focus needs to shift on to fiscal stimulus now. More coordinated policy response. And all of the above strategy its critically important do that. Dont bicker and argue whether doing payroll taxes or paid family leave. Do them all. This is what the market needs to see, fiscal policy makers panic. G to markets stop panicking when start panicking. It took until really the last butdays for that to happen, here we are now. What a week its been. Table, me around the greg, and from pasadena, westernia, mike of Asset Management. Michael, the Silver Lining at the end of a brutal week for you out there, i know. Finally do you start to see the and shouldr panic that be the moment when markets stop panicking . Real good thats a point. We knew fiscal policy was coming our way. Monetary policy was coming our way. The two working together in a cohesive fashion, i think, is reassuring to the markets. I think youre seeing a little of that to
Now. Maria we want to check Global Markets this morning, european indices all over the place this morning following the u. S. Central Bank Stimulus package. London shut down, some of the mass transit lines in an effort to contain virus. Ftse 100 is down 12 points right now. Dax index in germany right now up 21. In asia overnight it was red across the board. Take a look. Korea getting hard hit down better than 8 overnight in korea hitting levels not seen since 2009 even as coronavirus cases are dropping in korea. As you see the other majors are also weaker. Lets check the oil markets now. Seeing a rebound this morning after 18year low. As you see oil prices bouncing 250 a barrel at 22. 87 a barrel. Yield on the 10year treasury hovering above 1 . Yields are bouncing once again 1. 92 on 10year. Investors certainly gearing up for another wild day this morning in terms of volatility. Lets check futures. We are expecting another tripledigit decline. The nasdaq is down 35 and s p 500 weaker b
Commentatoentary the last 24 hos whether its acumen and dalio on one side you point is, no revelation 6 8. Why are we not believing in science . You have been pretty consistent on that. What happens today if the fda approved a drug . What happens if they do that do we then start thinking about, geez, how much pain it will be if we print all these dollars. How about if it is approved and we say, you know what, im really worried about boeing. I mentioned that because its front and center, but im looking at the fda and not at the fed, and i think a lot of people who came on this morning oh, damn, i lived in my car and was not doing so well its not all done in fair weather. I listened to a lot of really rich people, some crying yesterday, today, talking about the end of days, i think the American Worker is a little tougher and i think if we get the drug, we get approval, i think well all say, geez, maybe this thing isnt going to last forever and we can tide workers over, and we can help th
We all agree it will not do much. The economic problem is much more on the fiscal side. The focus needs to shift on to fiscal stimulus now. More coordinated policy response. An all of the above strategy. It is critically important we do that. Dont bicker and argue about doing payroll taxes or paid family leave, do them all. This is what the market needs to see, fiscal policy makers starting to panic. Markets stop panicking when policymakers start panicking. And starting to appreciate the urgency of the situation. It took until the last few days for that to happen. Here we are now. Jonathan what a week its been. Joining me around the table, collin martin, gregory staples, and michael buchanon. Michael, i want to begin with you. The Silver Lining at the end of a brutal week for many of you out there, i know. Finally, do you start to see the policymaker panic, and should that be were the markets stop panicking . Michael i think thats a real good point. We knew fiscal policy was coming our