Achieve strong Sustainable Growth and safeguard against downside risks. The group offered no specific actions to combat the virus. How disappointing was that look, i think this is the same problem, central bankers are dealing with a biological problem that is then going to spill over to economics, probably means fiscal help what are we talking about here lets talk about restaurant closing, malls closing how about the people who work at the places, thinly capitalized companies that are supposed to pay these people Steve Liesman i worked with him this morning, excellent drop in there, par suited into their office one point the Federal Reserve was saying well stand back behind people whose insurance for instance isnt paid off for a hurricane. I think that its up to treasury and incumbent upon treasury to say were going to work with Small Business, if you have a problem, you can come to us, because thats where the real pain is going to be. We dont want the only retailer to be walmart when
Up about. 75 . Strong profits, positive news on trade, an expanding economy with full employment. This is why stocks are headed up again this monday morning. This stock, though, is not. Mcdonalds. Its ceo, Steve Easterbrook, has been fired. He broke Company Rules by having a consensual relationship with another mcdonalds employee. No details on that, but hes out. The stock had doubled under easterbrooks tenure. Today it will be down about not as much as it was earlier but it will be down about 1. 5 . Quite a drop to 190. Heres another stock in sharp decline. Under armour. They just reported what i think was solid profits, but investors are worried about an ongoing accounting investigation. Big drop, down 14 . Big change at airnbn. No more party houses. They will develop a Rapid Response team to handle incidents like the one on halloween in california, where three people were shot dead. Airbnb wants to go public sometime next year. Stay there, please. We have a big monday morning show f
Any more electionselections. Voters are not just choosing between the candidates but making critical decisions about the basic fundamentals of the democracy. Polling in the last knew 2024 primaries show us everything show us that donald trump will defeat nikki haley by significant margins. And Super Tuesday will perhaps mark this days away from Trump Clinching the republican nomination officially. That means today will, if nothing else, crystallize the choices that americans face in november. This between two president s, one current, one former. One president who has an agenda that commands broad public support. His commitment to our democracy and our institutions has never been in doubt. But hes dogged by some lackluster polling that doesnt match up with support for his policies. And the other, well, you know the other. Four times indicted, twice impeached expresident who currently faces 91 Felony Counts in four jurisdictions. Hes been found liable for sexual abuse. Set to pay hundre
Yesterday after those minutes from the Federal Reserve. You can see the eurodollar pretty much unchanged, off 0. 1 . Lets look at how european stocks are doing following the recession lower. The stoxx 600 off by 0. 6 . European stocks set for there were drop in more than a month. Thanks underperforming. Part of that down to the minutes we got from the fed, signals that the Federal Reserve may look at shrinking the Central Banks Balance Sheet. Also, about equity prices being high. You are seeing a weaker dollar, stronger yen. If you look at the bloomberg dollar index, we seeing that recover a little bit. It is ever so slightly higher. Eurodollar, we are also closely watching after comments from ecb president mario draghi. 1. 0646. Lar at the bund yield one basis point number as well. Now lets get the bloomberg first word news. Saidtian President Trump an apparent poison gas attack in syria which killed more than 70 people has changed his thinking on the civil war. He called heinous acti
The possibility of expanded unrest. We will go to ferguson for the latest. Then 50 years ago today, fbi director j. Edgar hoover called the rev. Dr. Martin luther king, the most notorious liar in the country. Dr. King, what is your reaction to the charges made by J Edgar Hoover . Well, i was quite shocked and surprised to learn of this statement for mr. Hoover questioning my integrity. Frankly, i dont understand what motivated the statement. As Martin Luther king prepared to go to oslo to received the Nobel Peace Prize 50 years ago, the fbi ramped up its efforts to discredit the civil rights leader. We will speak to the yale professor who uncovered an unredacted copy of the fbis socalled suicide letter when to king. The letter threatened to expose kings alleged Extramarital Affairs if he did not commit suicide. And then, no debate and the new war. One in 89. That is number of antiwar voices indicted on the high profile sunday talk shows to talk about u. S. Attacks on iraq in syria. All