When the time comes, after the crisis has passed, we will put these emergency tools back in the tool box. I would stress that these are lending powers, not spending powers. I will also note that we design our facilities to work for broad ranges of businesses and municipalities. We do not target particular firms or industries. Elected officials make decisions about where to direct such target relief. The cares act and other legislation provide direct help to people, businesses, and communities. This direct support is making a critical difference. Not just in helping families and businesses, but also in limiting long lasting damage to our economy. Public faith in our operations depends on transparency. If the fed were committed to that, particularly in deploying our emergency powers. Thank you. I look forward to our questions. Thank you very much, chairman powell. I now recognize myself for five minutes for questions. As i mentioned in my opening, the pandemic is strengthening and so, to
Of financial sanctions passed congress with overwhelming support. Moscow hason says ordered a reduction in the number of u. S. Implements in russia. Im Alisa Parenti in bloomberg. Bloomberg technology, continues. Emily im emily chang and this is bloomberg technology. Cash stashapple continues to grow after a strong Third Quarter that beat revenue. That is before the launch of its anticipated iphone. I talked to tim cook about the quarter and his thoughts, coming up. Plus, sprint continues its quest for the right partner, and wall street may be buying in. They posted their first profit in three years, despite a Second Straight Quarter of subscriber losses. Ambitions. Rdware a device to bring their 2 billion friends even closer together using ai and a standalone speaker to challenge amazon and google are in the pipeline. We will discuss the Major Products from the lab. First, apple surpassing 1. 2 billion iphones eversole. Shares are popping in after hours trading. Thirdquarter revenue o
Equities are faring right now. What is start. Three days of declines for the european benchmarks, shares rallying today. These currencies falling against the dollar, but yields are down commodities. It has been a data rich day today. Growth accelerating, were talking about pmsi for the first time pmsi for the first time in 3 months. 55. 1 veruss revised 54. 2. Companies reporting that export orders, which climbed to the second highest reading since record again in 1992, boosted by the Sterling Exchange rate as well as Stronger Economic growth in the eurozone, north america, and asiapacific region. The domestic market also contributing to order. It is a weaker level than earlier this year. Manufacturing accounts for 1 10 of the u. K. Economy. The economy chugging along,. 6 rate, a sign the economy is delivering at a robust rate. Weve got a host of figures showing its a robust recovery from Economic Confidence to joblessness to manufacturing, signaling this recovery, gaining steam underp
Of financial sanctions passed congress with overwhelming support. Moscow hason says ordered a reduction in the number of u. S. Implements in russia. Im Alisa Parenti in bloomberg. Bloomberg technology, continues. Emily im emily chang and this is bloomberg technology. Cash stashapple continues to grow after a strong Third Quarter that beat revenue. That is before the launch of its anticipated iphone. I talked to tim cook about the quarter and his thoughts, coming up. Plus, sprint continues its quest for the right partner, and wall street may be buying in. They posted their first profit in three years, despite a Second Straight Quarter of subscriber losses. Ambitions. Rdware a device to bring their 2 billion friends even closer together using ai and a standalone speaker to challenge amazon and google are in the pipeline. We will discuss the Major Products from the lab. First, apple surpassing 1. 2 billion iphones eversole. Shares are popping in after hours trading. Thirdquarter revenue o
Biggest monthly decline in a decade. Weve got the latest from a country already reeling. Absolutely. Better than the real thing . Alibabas jack ma says sometimes counterfeit goods are better than the originals. He outlined his plan for the chinese ecommerce giant. He said theyre basically the same goods made in the same factory. Well, the flip side of that, Signet Jeweler is under fire for diamond swapping. There was a bearish note on the stocks a couple of weeks ago. I think its a great deal of smoke. Some say, its old news and the company has intimated its not going to. So was formaldehyde at Lumber Liquidators until it was new news. Now the ceo is fighting back. In the meantime lets talk about the bridge it fears. Bob pisani measuring the brexit fear. Its brt breathtaking. Yeah, it is. Its a problem on both sides. Sort of a triple roymwhammy. Let me put up the bund here. Its been breathtaking. Remember, the bund yields were 2 going back to the early part of 2014. So its 2 . Thats pu