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But most fiscal spending happens at the National Level still here in europe. The numbers are still relatively large. There is just a lack of coordination when it comes to providing aid for the more stressed out economies like italy. The core countries like france and germany are able to spend money at a National Level. Stocks are down here. Theyve rolled over in the last 10 to 15 minutes. Bundbtpye on the spread because that highlights what is happening between the core and the periphery. 1. 0882. Ar, the dollar catching a little bit of a bid today. Brent crude coming back a bit, as well. The thing i would highlight is the volume on the equity market is very low today. This doesnt feel like its got a lot of conviction behind it. Lets start the conversation where alix was mentioning it was in washington. Democratic leaders in congress pushing for nearly 500 billion in the next ....
Stuff happen here in the lockdown of new york and london. That does not mean the conversations will stop. Great conversations lined up today. Thank you so much for watching our last hour with rupert harrison. We move forward with michael a moment. Ning us in my observation is that every nation for itself right now. How was Prime Minister johnsons weekend . Francine i do not think they are competing with each other. There is a lack of coordination, but when you look at the u. K. , that is coronation between treasury and bank of england. So it is domestic coordination that got it right. If you look at the global efforts, maybe coordination could help in terms of medicine of swaps medicinal sops information. Boris johnson has told people to selfisolate or at least distance themselves. If you look at pictures across london, many people, far too many people, are just not heeding the advice of what the government is saying, which is why ....
Between 5 and 7 . That kind of sets you up for your morning. Dollaryen, safe haven bid full in play. The yen and this was see the safe haven of choice. The long end of the curve taking more of that safe haven demand. Crude rolling over now. You have the virus, what is happening between opec and russia, and now a travel ban, which is going to destroyed jet fuel demand. Really taking it on the chin. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with all of this mornings top stories. We begin in washington, where President Trump suspended travel from europe for the next 30 days, effective friday at midnight. The been excludes the you could the ban excludes the u. K. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United Sta ....
Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects t ....
1 you see it there at. 89. An amazing day yes, it is. Thank you so much. Welcome to power lunch. We have all the angles of this historic sell off covered. Bob is watching stocks for us. Rick tracking the historic lows in bond yields all eyes are on the trump administrations response and stooefr steve is on the feds next move. Well start with bob were back at the lows for the day. That 7 level becoming important because of the Circuit Breakers. We had the halt at 9 33 eastern time lets review the Circuit Breakers because they were very important this morning these are long history but only used once. Level one down 7 . We saw that at 9 33. Theres no other halt if were down 7 . Next level is down 13 that would be another 15 minutes until 3 25 p. M. Eastern time and there would be no trading halt at all unless we went to level 3 down 20 that would halt trading for the rest o ....