Measures fail to emerge. On the monetary side, the bank of england, becomes the latest to cut rates treasury yields hovering around 80 basis points. Full Team Coverage of todays market plunge. Mike san tolly is with us and meg on the latest on the coronavirus. But well begin with breaking news out of washington major Bank Executives meet with the president today. Well get to wolf at the white house. Reporter the president and the Vice President and the treasury secretary currently hosting in the white house behind me the leaders of the major Financial Institutions of this country in attendance we have the leaders of jpmorgan, bank of america, citigroup, goldman sachs, wells fargo, black stone making it the type of gathering we havent seen since the peak of the financial crisis. Theyre all inside, as we speak. What will be on the agenda well, two main things. Number one, liquidity and the functioning of markets number two, lending to businesses that are most affected by the coronavirus.
And lets get a check on the markets. Stocks are higher hitting record highs again today and get this, the dow on track for its best week in nearly five months there you see the industrials basically flat never the less higher. Welcome, morgan. How are you . It is great to be with you this friday afternoon. Record breaking rally has been led by the biggest names google join iing microsoft in te trillion dollar club for more on that impact from those megacap stocks and what theyre having on the market, were going to go to seema hey, morgan, the reason we care about these milestones is because alphabet and microsoft and apple collectively make up about 13 of the s p 500 and all three are sitting on gains for the year really setting the bar high for earnings this season. Now evaluation metrics for these three Tech Companies shows that alphabet is the only one trading at a discount to its five year average of 34 times earnings microsoft apple are both trading above their historic pes with a
china. plus sustainability becoming the new standard president trump says the u.s. will join the trillion tree initiative, and global business leaders continue to say there is growing demand for companies to do right by society. and we welcome back our own sara eisen live at the world economic for numb davos, joined by the chairman and ceo of u.p.s. later on this hour. futures are down aed has of the open the deadly virus outbreak in china is cooling globally as top business leaders meet in davos for the world economic forum the president touted the recent rally in the stock market as his impeachment trial in the senate gets under way in washington listen to what he said years of economic stagnation have given way to a roaring geyser of opportunity. u.s. stock markets have soared by more than 50% since my election, adding more than $19 trillion to household wealth and boosting 401(k)s, pensions and college savings accounts for millions of hard-working families a lot
Enormous contributions to the United States. And we are grateful, not only for his service but for his familys service. The constitution is pretty clear about what is supposed to happen now. When there is a vacancy on the Supreme Court, the president of the United States is to nominate someone. The senate is to consider that nomination and either they disapprove of that nominee, or that nominee is elevated to the Supreme Court. Historically, this has not been viewed as a question. Theres no unwritten law that says that it can only be done on off years. Thats constitutional text. Im amused when i hear people who claim to be strict interpreters of the constitution suddenly reading into it a whole series of provisions that are not there. There is more than enough time for the senate to consider in a thoughtful way, the record of a nominee that i present and to make a decision. And with respect to our process, were going to do the same thing that we did with respect to justice kaigans nomi
Orange man murdered in deadly 1924 love triangle | Mudgee Guardian mudgeeguardian.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mudgeeguardian.com.au Daily Mail and Mail on Sunday newspapers.