Prices and the economy depends on the course of the virus the committee will maintain its purchases or increase to smooth market funding it repeats for the second time that it seeks inflation moderately above 2 . This is a carbon copy of the last statement i counted seven words changed and none of them really substantial or meant to convey any particular meaning i think that reflects the big changes. Jim was saying last time exceeding the 2 inflation goal and theity si itdesire not to mo many waves while the country counts votes in this president ial election. The other dissenter did not attend the meeting due to the birth of his second child. Congratulations to Neal Kashkari absolutely. Well spend half an hour dissecting those seven words what do you think of jims point, which is the absence of stimulus may have put the fed even more under a spotlight to do even more absolutely. I think thats true. I think the fed will feel pressure to do more, but it creates an interesting quandary,
That is where we are at the moment. Another down day for crude. Brent also down. Tom lets get more analysis on the market. When you look at what happened with help things are playing out in asia, is it taking offer a stellar quarter . Probably a bit of both. Concern withys the cases we have seen. In cases like texas. They have a bit of a crisis going on there. The fact that new york, new jersey, and connecticut have now set a quarantine for people who travel from these hot zones and the rest of america. Imposing an economic constraint. They are worried there will be another abruptness to this. That the Economic Growth that america had. In states of new york, when they take this action, that is a worrying time. That would hurt businesses on a much bigger basis. That is what wall street is concerned about. The hit to the economy. There has been talk the u. S. Government is getting ready to do a fourth round of fiscal stimulus. There has not been any details yet. The market would be conce
Is no significant incidents to report at this point. We also took a look at how Cinco De Mayo is being observed in San Francisco as it is in sharp contrast to san jose. Even before sundown the parking lot of the pueblo plaza and East San Jose was a hotspot for people celebrating Cinco De Mayo , using their cars. They waved flags and cruised. Spectators included families. We came to meat up with everyone that has trucks, burnout, have fun. Reporter large gatherings now illegal under covid19 restrictions. For the crowd social distancing appeared to be a distant thought, with only some wearing masks. Police arrived in vehicles and motorcycles. They dispersed the crowd. I think they are killing the mexican pride we should be here enjoying the time. Its a tradition, you know . They should let it happen, just for a little while. Reporter san joses police chief says it isnt realistic to have officers going to large crowds to give citations for violations of the health order. In the end our en
What these voters use. A warning for countries reporting their 1st cases of coronavirus from the head of the world Health Organization. The death toll from violent street battles between windows and muslims in the indian capital climbs to 33. Because its truly should be put on the peak of the street shes in. The deepening economic crisis in lebanon drains confidence in the government and raise the threat of new protests. To begin with a decisive battle in syria rebel forces a desperately trying to hold out against a government offensive and a key town and the province a stream of Turkish Military reinforcements to support the rebels is moving toward the front line city of sarka Opposition Forces captured sarka of a nice reversing one of the main gains of the governments devastating russian backed offensive in the region there is made out father in the outskirts of the city of santa cape with more. In for one of yet about whether or not they are the 3 year we are exactly on the m 4 high
We have seen action from the pboc already. They have cut their mlf rate. We are also headed towards the loan prime rate announcement this thursday. All eyes on what the easing measures could look like. Lets look at the Market Action now with sarah ponczek. Sarah it is a mixed picture across the asiapacific region, but it is really just tip japan after the weaker than expected gdp, donna bowen. 7 but well off lows of the session. At one point the nikkei was down 1. 5 . Making its way back to positive territory but still seeing steep declines. Mainland stocks and hong kong stocks continuing to see upside after strong returns last week. Now making up all the postLunar New Year losses. And hong kong hang seng up. 6 . U. S. Futures extending gains after closing at a record on friday. But remember, u. S. Markets will be closed for the president s day holiday on monday. One index i want to show you is the ms ci all country world index, one that houses emerging and developed market stocks. Giv