And lisa abramowicz, im jonathan ferro. Is one of the worst charts in the world. With the Stoxx Bank Index hitting a record low, you wonder where that folds into the system. Jonathan theres a line i remember from the former ecb president mario draghi, when he turned around and said rates have to be lower and out to be higher in the future. It was 2014. They just went negative. They are still there. Will we generate an economic recovery on the continent that leads to higher Interest Rates . The answer right now is not any soon. Tom bring up that chart. It is really an elegant chart. This is the thing that we were talking about. It is the xaxis of all of this. Whether it is the european back malaise pushing back 12 years, even 14 years, it is the duration of these agonies we have to focus on. Jonathan weve just never recovered. This week, the equity benchmark , the daxurt, germany since then, we are down, we are down almost 6 . Tom how do you measure the mystery of what is going on and w
The global corona crisis you can find more Information Online at e. W. Dot com and on t. W. Social media channels. Bringing in a bit more normality after 2 months of coronavirus closure of the Trading Floor of the New York Stock Exchange reopens well get the latest from our wall street correspondents. Also coming up the new commission is proposing of the last budget for the coming years but a rift between countries over how to finance the recovery. This is threatening to derail plans and spain is hoping for tourists the summer but will they visit a country heavily hit by the coronavirus and that. Im Chris Culliver in berlin walk through the program the Trading Floor of the New York Stock Exchange has reopened thats after the closure of 2 months due to the coronavirus and the sign of the times new York Governor Andrew Cuomo more a face mask to ring the opening bell wall the Trading Floor may be opening and it will not be business as usual the ongoing pandemic means traders are forced to
Looking for answers thankfully with the help of cleaning expected. Thank you is not my 1st we know were. In this together our new web streams. Bringing in a bit more normality after 2 months of coronavirus closure of the Trading Floor of the New York Stock Exchange reopens the latest from a wall street correspondent. Also coming up the new commission is proposing of the blogs budgeted for the coming years but a rift between countries over how to finance the recovery is threatening to derail. And spain is hoping for towards the summer but will visit a country heavily hit by the coronavirus spend. On cross go. When welcome to the program the Trading Floor of the New York Stock Exchange has reopened thats after a closure of 2 months due to the corona virus and a sign of the times new York Governor Andrew Cuomo more a face mask to ring the opening bell wall the Trading Floor may be opening and it will not be business as usual the ongoing pandemic means traders are forced to wear masks and
Everything from pharmaceuticals begin to develop right now governors announce plans to reopen while others are tightening their restrictions. With the number of infected americans inching its way toward the one million mark pressure is mounting on the white house to develop a national strategy. In the bay area six counties are extending their stay at home orders until the end of the month. Authorities in california arrest two men in a multimillion dollar scheme. They tried to sell 4 million of protect i ha protective equipment that they didnt have. They even slapped fake 3m labels on empty boxes they are facing fraud charges. And its important to stay connected. Veriz veriz verizon, comcast and at t has vowed to not enforce late payment fees the franchise valued at more than 3. 7 billion decided to return the money after the loan was made public. The houwhite house is ready ramp up testing for coronavirus. They are prepared to send all 50 states enough tests to screen at least 2 of res
Managing risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those are yes but once theyre Risk Management tools starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and as the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward