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Down the fort. Action, and as well in those money market funds. I was looking at the statistics. Money market funds pulled in 150 billion this week, while surpassing the peak of 2008. That is where we are seeing the stresses this week. Everyone just wanted cash. Francine whats amazing also is that the conversation started with small and Mediumsized Enterprises that may actually need support. Are we going to have governments take over in chunks some of the Big Companies to make sure they are safe . We will have plenty more on the markets and the economics of things, but lets get straight to the bloomberg first word news in new york city was Viviana Hurtado. Viviana the highest death toll from the coronavirus is in italy, surpassing chinas numbers. Italian fatalities topping 3400 is a nationwide lockdown continues ....
A second look for the long run given these big market swings. So much more ahead on the markets on fast money tonight, but we have to begin with this the developing story out of the white house as new details, merge about President Trumps possible economic stimulus plan to combat a virusled downturn in the economy lets get right now to eamon javers at the white house on how this is all developing right now. Brian, we are half an hour out from a White House Press briefing slated to include the Vice President and the Coronavirus Task force aides throughout the evening last night and the day today have suggested that that could be a place where the president might roll out some of his economic ideas, but we are not hearing that at this point there is no plan as o ....
A warm welcome to you. 7 00 a. M. In central europe. We are back to black. Msci asian stocks are up. A little bit higher, but asia is back in the black. So is the s p 500. Stocks remain cheap relative to bonds a higher longterm Interest Rates and 10year gilts stay below 4 . A little way to run. Tronger cpi stronger inflation data, a stronger economy which quid pro quo drive future stocks as is supposed to last weeks terrorist attack by inflation of sentiment within the markets. Stronger inflation has given you the reaction you want. Banking stocks are little bit on the up. What can save the dollar . More on that in the moment. We are up for the fourth day on dollaryen. This is where you are seeing the dollar weakness come through against all of its peers this morning. Short. Yet fast money the yield on the tenure Government Bond year notes, core inflation on cpi rising. Take ....
First time in almost seven years. Many forecast saying sub 60 is here to stay through 2016. A little bit of a rebound. Koppers, metals, a little bit higher, a 10th of a percent. Gold up. 1 . That to do with the Federal Reserve more than 80 probability they will hike. Those technical indicators are telling us when it comes to traders. Miner to keep an i on one , potentially some gold. One of its minds has suffered a spell of toxic residue it. This is in desperate this is being reported by the that breaking news from bloomberg sources that in the united states, dow chemical and dupont are in late stage merger talkers late stage merger talks. If is consolidation a good thing when you have a glut of temples in the market. Glut of chemicals in the market. Interesting news in terms of construction. Carillion coming up almost 5 . Why . Because things are looking pretty rosy. Jonathan thank you very much. European equities, i dont think ....
Markets. Theyre a little under pressure this hour. A bit of a soggy start to the trading week. The dow currently off by 46 points. The nasdaq has gone positive though. Its up just very marginally. The s p is down by two points at 2,053. We also begin with a major meeting at the white house over the crisis in ukraine. Germanys leader Angela Merkel and president obama trying to show a union id front, but the two are at odds over whether to arm ukraine. Chief International Correspondent michelle live at the white house. What do you think the conclusion is likely to be based on what we heard today, michelle . We distanted idle have us stand idle and simply allow the borders of europe to be withdrawn at the government. Lower on the agenda was greece, but certainly of high interest to our audience. We know that there has been pressure behind the scenes from the white ho ....