Instructed the u. S. Navy to shoot down and destroy iranian gun boats if they harass or ships at sea obviously thats a policy, thats going to make it so that anyone who is short oil theres so many people short oil, might say its worth covering here. I had a big win. Its geopolitical, the fact theres a failed instrument out there called the uso, i say its failed because its not been able to handle the selling yeah. Executing a 1 for 8 reverse. Are they really we talked about the usa more th than we ever have. Some things should have never been created, the uso was blessed when the s. E. C. Not around, people lose money, but theres no constituency that says you cant lose money. What do you make of the general notion that the president s tweet aside that some of the results last night were better than feared. You have a list of companies now that have been able to either sell a stake privately or through secondaries and well get to that in a moment. Plus the Senate Package making progress
Of yesterdays huge gains. We are near the lows with the tou down about i8 0 points we went lower as the ten year yield hits a fresh record low as kelly just reported. Braeg i breaking below 1 for the First Time Ever now at 0. 972 . Lets get to Steve Liesman for the more on the feds emergency rate cut thanks very much. The historic 50 basis cut emergency cut, the first since the financial crisis, not greeted warmly by the market critics condemning the rate cut bringing the rate cut to a new range. Wont do much good to combat the economic effects of the virus u. Hfe writing they dont believe its constructive in the supply shock induced by the coronavirus outbreak and responses to it jay powell in his press conference pushed back against the criticism. We do recognize that a rate cut will not reduce the rate of infection, wont fix a broken supply chain we get that. But we believe our action will provide a meaningful boost to the economy. More specifically, it will support accommodative Fi
and the us announces new sanctions, and an additional $2 billion support package aimed at helping the ukrainians in the fight. welcome to the programme. i m shaun ley, it s good to have your company. we mark this hour, as we have the last 24. it s the first anniversary of the ukraine war, one year since vladimir putin ordered his forces to launch an all out assault on ukraine with the aim of taking kyiv within days. the strategy failed. ukrainian resistance has been fierce, though it has come at an immense cost. many have died on the battlefield, and accusations of war crimes by the russian troops have shocked the world. the war has changed europe, and the world leaving russia diplomatically isolated, and revitalising the nato alliance. one that a former us president had suggested was already past its sell by date. our international editor jeremy bowen has reported on the conflict from the very beginning. he s kept in touch with many of the ukrainians he s spoken to along the
i m chris jansing live at msnbc headquarters in new york city. we have a new poll. and basically here s what it says. americans are ticked off and they re pointing fingers. it shows millions of voters who are frustrated, who are increasingly furious at folks in the other party, believing the other side s agenda could end america as we know it. right now president biden is preparing to speak at the dnc. he s one of the folks arguing that democracy is at stick next month. so, what s really motivating voters? is it anger or issues? or is it impossible to separate the two? if so, what does that mean for candidates s closing arguments? plus, a major townsment from merrick garland is moments away. it s not about trump, but they say it involves a foreign nation trying to spread its influence here in the u.s. we will have that as soon as it starts. finally, anyone with kids in school, knows the pandemic was absolutely brutal. but new nationwide test scores show the impact is even w
Time hour. Came out 20 minutes earlier than anticipated. It showed no clear sign of whether the fed would hike rates in september. We have Steve Liesman standing by to break down that data for us coming up. You know, i was going to say, these are two sides of the same coin in a way. Speaking of breaking down, take a look at oil, its down more than 4 today, its trading below 41 a barrel. Were watching to see if it punches through that 40 mark. Look how close it is right now. 40. 62. And the september wti contract, down almost 5 on the session. Again, were looking at lows since march of 2009. Weve got a top commodities trader to discuss whether a floor is in sight. And, of course, all of this feeds into what will the fed do . What is inflation going to do in this country . Always interrelated. Thats for sure. Meantime, 1 trillion, thats how much money has come out of emerging markets over the last 13 months. Were going to discuss whether you should be following that herd or maybe take a