Shrinks, but it doesnt set the u. K. Up for a good spot Going Forward. We are seeing the relationship between fiscal and Monetary Policy really evolve the u. K. We will break that down over the next few hours. You are seeing bond markets bid across the board, as we are koff develop. We want to kick it off with Michael Mckee. Theld central bank mike,entral banks if i say mmt, am i wrong . Anyway. Yeah, [laughter] its confusing, though, what is going on with the economic philosophy called mmt. Yes, it is unlimited cash in unlimited amounts for unlimited periods of time until we get through this. Youre still going to work your tail off today before we get to 4 00 p. M. Lets start in london come over the bank of england is going to finance Government Spending for the time being by lending money directly to the treasury. It is called the ways and means facility, a shortterm credit the last used during great financial crisis. Government and the bank say any borrowing will be repaid by the en
Richmond that is certainly going to cause a slow down for people. So, bringing up the map right now so you can see this. Specifically westbound 80 past solano. Goes well into hercules. Speeds down in the area. Three lanes are blocke right now. Avoid the area, if you can. Looking now at the toll plaza m on at 5 24 this morning. It does look packed that toll plaza, once you make it through the meter lights. Pulling up the drive times so you can see the impact the crash in richmond is having from highway 4 to the maze. About a 45minute ride. Highway 85 to the san jose airport an eightminute ride. Developing news now, were expecting the grand princess cruise ship to dock at the port of oakland some time today. This is according to Governor Newsom. Heres where the ship is right now. Take a look at the map. The grand princess has been out there since thursday. Its expected to sail under the Golden Gate Bridge and then dock at the port of oaklands outer harbor. We dont know the exact timing j
To victory in last septembers contested election. Im sumi so much gunboats good to have you with us italy has expanded its response to the coronavirus by locking down the entire country at chalon Prime Minister to set the context says that as of this morning travel restrictions will apply to the whole of italy not just to the northwest before and people are being told that they should only move or up for work or for Urgent Health needs or in emergencies and they will need to carry documents declaring their reasons for travel that to this point more than 9000 people in italy have been infected with the disease and more than 460 people have died across the country. And the restaurant chairs a common site now in italy which has extended its emergency coronavirus measures to cover the whole country public gatherings are banned only restaurants and cafes that guarantee customers can remain at least one meter parts can open and all must close at dusk on the eve of the bumped up measures taki
Loss of their son and the crash of a towing 737. 00 thats passenger jet last year. And political chaos in afghanistan 2 men are sworn in as president and separate ceremonies with neither recognizing the others claim to victory and last septembers contested election. Im sumi someones got to thank you for joining us italy has expanded its response to the corona virus by locking down the entire country travel restrictions are in place across the whole of italy a people are being told that they should only move around for work for Urgent Health needs or in emergencies and they will need to carry documents declaring their reasons for travel now more than 9000 people have been infected with the virus in italy and more than 460 people now have died. Empty restaurant chazz a common site now in italy which has extended its emergency coronavirus measures to cover the whole country public gatherings are banned only restaurants and cafes that guarantee customers can remain at least one meter part
Ceremonies with neither recognizing the others claim to victory in last septembers contested election. Im sumi so misconduct thank you for joining us italy has expanded its response to the coronavirus by locking down the entire country a challenge Prime Minister g 70 countries says that as of this morning travel restrictions will apply to the whole of italy not just the north of the country as before and people are being told that they should only move around for work for Urgent Health needs or in emergencies and they will need to carry documents declaring their reasons for travel lets take a look at the numbers more than 9000 are infected with the virus in italy and there have been more than 460 fatalities across the country. And the restaurant chairs a common site now in italy which has extended its emergency coronavirus measures to cover the whole country public gatherings are banned only restaurants and cafes that guarantee customers can remain at least one metre parts can open and