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Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeo ....
Stocks. Stuart has been pointing out, that is growing consensus view here, he is a lot more palatable, that is joe biden than Bernie Sanders. And that seems to be where the markets are focusing on. That and the fact a lot of Health Care Stocks that were getting bludgeoned under the prospect of potential nominee Bernie Sanders, a long way from down, are now jumping quite nicely. Look at the yield of the 10year note. Sometimes i think that is a typo. That is the yield right now,. 95 . Did i ever tell you what my wife and i got fine. Get read on this all moving very fast. Deirdre bolton, i guess it comes down to the delegates. Where do we stand . Michael bloomberg endorsed former vp joe biden suspending his campaign a few hours ago. Defeating donald trump, uniting behind the candidate with the best spot to do it. The pe ....
Weak. In the two statements two fed precedents dissented, kansas city president Esther George and boston president rosengren dissented that is the third time they both dissented. Jim bullard did not dissent on decision. He thinks this is where the fed needs to be with the 25 basis point cut. He believes this is enough. He wanted since last meeting, he want ad 50 basis point cut. This time he got the level he believes. Fed lowered rate on excess reserves to accompany rate cut is 1. 55 . The big news, the Federal Reserve cutting the federal funds rate quarter of a point but signaling a pause for future rate cuts, changing act as apappropriate to assess going forward. Charles edward, thank you. Here to discuss key words and phrases from powell to be impact on this market, former dallas fed advisor Danielle Dimartino boo ....
Term. He talked about a weakening economy, headwinds developing enough to trigger optimism in the Financial Community that he is going to cut rates at the end of this month. Maybe not by a halfpoint a lot of people saw happening, maybe a quarter point, just in the course of his testimony, one of the fascinating things i discovered there was about 60 probability we would see we could see a cut in rates by end of this month. When it came to halfpoint cut down to 16 . But again the expectation is that a cut is coming. He is he is making the case for such a move. He is not telegraphing additional moves. We want to say on this, give you a flavor what is happening here. Democrats on this committee have been pouncing whether he feels pressure from the president of the United States, that he should essentially do his bidding to cut rates. He has said no, he doesnt think the presi ....
White house. Gerri willis on floor of New York Stock Exchange and phil flynn watching action in oil at the cme. Lets start with blake. What do you know . Reporter the big story of course iran. We heard from President Trump earlier today. He said it was at the point which u. S. Planes were almost sent to the skies which he made the final decision that he would end the mission to potentially target three different areas inside of iran. President when he spoke with chuck todds of nbcs meet the press, one of the reasons he made the decision, he wanted to know the casualty down. This is how the president described it once he got those figures. Watch. They said, came back, said, sir, approximately 150. And i thought about it for a second, i said, you know what . They shot down an unmanned drone, plane, whatever you want to call it, here we are sitting with 150 dead people ....