Surveillance but you want know that it is detrimental and something has gone wrong that the fact of surveillance wouldnt really prevent well so if if one thinks that the world at some level of technology is vulnerable in this sense one can then obviously wants to ask well what could we possibly do in that situation to prevent the world from actually getting destroyed and it does look like insurgents in our us. Ubiquitous surveillance would be the only thing that could possibly prevent that. And now would even that work well i mean pads on the specifics of this narrow so youd have to think just how easy would it be to cause destruction would you just snap your finger or say like a magic world the world blows up well then maybe surveillance wouldnt suffice but suppose its something that takes several weeks and you have to you know do build something in your apartment and maybe require some skill you know at that point. You could imagine a very fine grained. Surveillance infrastructure ha
And a thousand times a day without thinking about it. At least thats how it feels right now. The inevitability of this outbreak is starting to sink in. What does the fed do it gives us a rate cut a 50 basis point rate cut. Reaction hey, condition rate cut. And it was a resounding texas hud. Ultimately the dow fell 786 points and 2. 189 so why did we get that illnesses, cancellations and this epidemic and im beginning to feel just in what has just been cancelled the emails that i get and the notes from Different Companies that is a shutdown it doesnt change that its not a cure. Its not a hazmat suit or respirator it does absolutely nothing to impact the spread of the virus it somehow boosts Business Confidence i did care about the rate cut. I cared about how wrong it was its totally a sign of the panic from the fed. And a rate cut i say this as someone thats been addiment that easy money is a good thing im probably the biggest single proponent of lower Interest Rates on the entire spect
In the last 24 hours, combining virus dynamics with oil dynamics. That is a distinction of this crisis. Francine and i am looking two to european lets get to first word news in new york city with viviana hurtado. Viviana we begin with a uturn from President Trump on the need for an economic stimulus he now says he will seek a payroll tax cut and belief are Industries Hit i the new coronavirus. Today the president is promising to unveil what he calls very dramatic action to support the economy. Bloomberg has learned for now the package will not include help for airlines and others in the travel industry. Now to italy it will become the first country in the world to attempt a nationwide lockdown. It is trying to stop the spread of coronavirus in europe. Almost 500 people in italy have died from it. A prime ministry imposing a travel ban. He has told italians, stayathome. Some of the worlds biggest banks predicting the European Central bank will cut Interest Rates thursday. J. P. Morgan a
Opposition leader reach a deal to form a unity government. Hello welcome to the news hour south korea has raised the alert level for the southeastern city of daegu after the countrys 1st death and an increase in corona virus cases medics have confirmed 156 infections there or thought he say dozens of them are linked to one church in daegu the Prime Minister says special measures will be taken to stop the virus from spreading china reported 118. 00 more deaths on thursday and confirmed more than 800 new infections which is more than double the number reported the day before 2 australians evacuated from a cruise ship that had been to quarantine in japan have tested positive for corona virus after returning home and now theyre being isolated as crossover to katrina your correspondent in beijing and katrina those hopes that things were on the mend have really just been dashed in the past few hours. Why especially in south korea were seeing that there was a case of more than 50 cases announ
Week for the nasdaq. That is the first time youll see stocks down for the major averages in three weeks. This morning, we are still near alltime highs for both the s p 500 and the nasdaq looking at the treasury market, right now, 10year at 1. 486 some additional pressure concerns about Global Growth and what it will mean for the economy. S p was out saying for the year, you could see chinese growth at 4. 4 for the full year that concern if they see a peak to the virus in march. All these new highs and goldman talking potential correction i can see how the case could be made right now is there anything more than a possible Global Pandemic i think about it it is hard to buy any stock that wouldnt be impacted by a bad outcome in this. Right people assume it will be a vshaped recovery and that it will happen sooner rather than later. With coronavirus. After it going away. But we dont know if it goes away and we still dont know what kind of numbers we are getting. It appears it is slowing a