Today the Circuit Breakers were down 7 . A day where oil had its first decline, down 31 . The treasury went below. 15 a record low which tells you the bond market is terrified its also a day where you probably lost a lot of money its probably what happened to you. Thats because, of course, the dow plummeted 2014 points. Its worst point drop ever. The s p plunged 6. 7. Nasdaq 2. 159 now the dow was at 2. 14. It lost that much. Okay it happened. What the heck got us here . Where do we go next . First todays sellers fear we are going into a coronavirus induced recession and theyre trying to get out of other people who want to sell. Just trying to get aahead of them that may sound fanciful that we had six cases in this country and 22 deaths. In the end, it seems like a super food than the playing. As the president tweeted earlier, 37,000 americans died from the flu last year yet nothing is shut down life and the economy go on, end quote. But the marks were not reassured, not the bond marke
Cases. I think you know other countries in nigeria for example within 48 hours of the 1st case nigeria had established 100 bed isolation units so. But i think the development of the clinical support and Isolation Services is on even. While it may be present at National Level one of the things we found during the a ball outbreak was reproducing preparedness at sub National Level at district level is is another challenge that we need to address so our work now is moving the preparedness activities from the National Level down to the district level in countries in africa but i think we are pleased with the developments so far we believe there may be an element of underdiagnosis is some countries. Were chasing that in trying to activate surveillance on the whole continent. Thank you. To our to the. Free countries in africa have been our focus. Were very much encouraged by the progress we have made through our Regional Office after all and also the africa c. D. C. As you know a major concer
Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off so hard of course it is more complicated than that, right the stock market is following the much larger fixed income market where buying yields are currently hitting record lows. All sorts of maturities. The ten year is at 135 . The stocks got crushed the market is screaming that this pandemic will cause dramatic decline in Economic Activity both here and around the world. When the bond market sp
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