Wells fargo on fire of course that means were going to be speaking in the 2nd half to Alex Schaefer of burning bank fame so thats one of his works that hes working on right now but in terms of this pandemic and the day globalization that we see about it of course this is something that report has been warning essential a about this crisis for the past 10 years weve said all of this just in time globalization would basically cause us to be very fragile when one thing goes wrong it all falls apart and weve seen that weve seen that with now the medical supplies all those masks are made in china antibiotics are made in china vitamin c. Is made in china all sorts of pharmaceuticals are made in china and they have the monopoly on it so fears of a supply shock are rattling stocks and Global Markets as well outbreak continues investors are more used to dealing with the occasional threat of negative demand shocks an unexpected hit to demand for goods and services but the potential for a negativ
None of the stuff we see moving in and more uncertainty in Sport English Premier League is the latest coronavirus casualty all games are off until april at the earliest. And the us president has declared a National Emergency over the coronavirus pandemic and says hell likely soon be tested him self after possibly being exposed. Announcement frees up 50000000000 dollars to address the growing crisis that hes been accused of previously downplaying hours earlier the World Health Organization said the epicenter had moved from china to europe or italy has the highest number of infections and deaths spain is deciding declaring rather an emergency as other in new countries close their borders all straight meanwhile roared back from huge losses the day before european stocks were also up capping a rollercoaster week lets begin our coverage with alan fischer in washington d. C. From the u. S. President a dramatic announcement officially. Emergency. 2 very big words with more than 40 dead and th
Morgan and jamie diamond thats no good prices they wont be able to make money and theyre the ones behind the electronic food stamps right those are all jamie diamond so now thats going to go wide jamie diamond food rationing coupons of course the supply shock is being met with a supply of more cash everywhere you look hong kong was giving citizens or residents 10000. 00 hong kong dollars i know in china they were giving the equivalent of 1500. 00 as well to any citizen or resident of han who self reported coronavirus and in fact did have it so they were encouraging people to come forward and not hide amongst the population and in order to get them to stop so they were there was air drops there and in terms of the u. S. Of course were already seeing that as guaranteed almost that theres going to be a rate cut in march and theres going to be you know this month and then theres going to be a rate cut to. By the end of the year so were going to going to 0 the treasury yields are obviously
Way of dealing with supply shortages and in the case of medicine and food probably rationing tickets to buy j. P. Morgan and jamie diamond thats no good prices they wont be able to make money and theyre the ones behind the electronic food stamps right those all jamie diamond so now thats going to go wide jamie diamond food rationing coupons of course the supply shock is being met with a supply of more cash everywhere you look hong kong was giving citizens or residents 10000. 00 hong kong dollars i know in china they were giving the equivalent of 15 100. 00 as well to any citizen or resident of han who self reported coronavirus and in fact did have it so they were encouraging people to come forward and not hide amongst the population and in order to get them to stop so they were there was air drops there and in terms of the u. S. Of course were already seeing that as. Guaranteed almost that theres going to be a rate cut in march and theres going to be you know this month and then theres
On it so fears of a supply shock are rattling stocks and Global Markets as outbreak continues investors are more used to dealing with the occasional threat of negative demand shocks an unexpected hit to demand for goods and services but the potential for a negative supply shock and unexpected change in the supply of a product or commodity is more unnerving this is not something weve really seen since back in the Great Depression days and and world war 2 days you know were going to go to rationing remember world war 2 rationing became the standard way of dealing with supply shortages and in the case of medicine and food probably rationing tickets to buy j. P. Morgan and jamie diamond thats no good prices they wont be able to make money and theyre the ones behind the electronic food stamps right those are all jamie diamond so now thats going to go wide jamie diamond food rationing coupons of course the supply shock is being met. With a supply of more cash everywhere you look hong kong wa