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The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowest level since 2008 and pumping 700 billion into the Financial System. Were waiting for a rescue package from congress. Were waiting to see if the administration will put money directly into the hands of affected workers, helicopter money, for example, and into desperate industries. A kind of modern bailout. So whats next . We will find out ....
Lesh rolled video while waiting for help. That fits the profile of a wellknown professional skier and social media figure from denver with a reputation for provocative stunts and promoting his clothing condition. I was sick and tired of riding for companies that made ugly overpriced outerwear. So i took my money and made the best outerwear on planet. Reporter along comes what happened yesterday and the inevitable questions. Our videos are edgy. If you think i crashed my brandnew airplane into the pacific as a publicity stunt, you need your head examined. Reporter lesh says he had his own theory. He filled up at reidhill view airport. Says the fuel was not as clean as it should have been. The ntsb is looking into the fuel in the truck and tanks at that airport. Reporter we may never know exactly. There she goes. Reporter that plane is in deep water now, essentially unrecoverable. What remains is what remains for the social media star who made headlines in a way he never imagined. Are yo ....
Industry, despite a crackdown from the Trump Administration. 3 billion dollars pumped into cubas struggling economy. A series of unexplained attacks have harmed more than two dozen u. S. Government personnel, leading the Trump Administration to order diplomats to leave and issue a travel warning urging americans to stay away. Has pleaded not guilty to planting a bomb at a london subway station that injured 30 people in september. Prosecutors claim that met hassan lefthat ahmed a bomb that only partly detonated. He appeared via video link from prison. His set his trial is set to appear in march his trial is set to begin in march. Global news, 24 hours a day. Powered by more than 2700 journalists and analysts in more than 120 countries. It is noon in new york, 5 00 in london, and 1 00 a. M. In hong kong. Shery welcome to bloomberg markets. Shery from bloomberg world ....
Heading south. Look at this. Interest rates, well, they have come down, way down from where they were this time yesterday, it was high Interest Rates that in part spark the selloff, now they are way down. Lets be clear on this tuesday february 6th, you will see nerve ramming ups and down. Maybe some perspective is required. Number one, nobody is forecast ing a recession. Number two, a pullback is in evitable after such a powerful and unbroken runup. Three, all of the gains from 2017 are intact, its just the gains of 2018 that weve lost at this point. Number four, as of now, stocks are cheaper than they were 24 hours ago but profits are still going up. Now you are going to be hearing a lot of noise from the left, they are eager to Society President trump with anything thats negative. Ignore it. They are grinding an ideological to beat up a president they cant stand, we will ....
Can. Tomorrow galveston is supposed to get whacked inforecasts are wong that could impact the refining industry, which is already hurt. Most of the refineries are about three, four miles that way a bunch of them are shut down. An estimated, lets call it 15 of Refining Capacity offline we dont know exactly for sure, marathon petroleum, for example, was cagy, said we dont give updates. We drove by the refinery today there wasnt many cars around. Thats why were seeing oil drop because if youre not refining, youre not putting into oil. Theres another angle for you and the traders which i would talk about which is onshore. Houston is a humanitarian issue. Thats a whole bigger different issue. Lets focus just on the narrow issue of refining. We talked about oil here dont forget about the Eagle Ford Shale and inland. Its not getting headlines now because of whats happening in h ....