A slogan that one of the problems of course. Counting the cost on aljazeera. Hi im Steve Clements and i have a question is the coronavirus morphing from a Public Health epidemic into a full blown social and financial pandemic lets get to the bottom line. Around the world factories have gone off line schools have been suspended and entire cities have been locked down in italy the entire country is now under quarantine and in america critics of President Donald Trump say his administration has been slow to deal with the outbreak and focused on dealing with a Health Crisis as a Public Relations battle more recently however and with 700 cases of Coronavirus Infection in the u. S. The administration has shifted to high gear in fact in the past few days the government set aside more than 8000000000. 00 in emergency funding and started to talk about an economic stimulus package so where is the fear of the unknown taking us now fortunately we have people around the country who have the answers
Session in 2 years. Also had the turkish president 31 confirms the deaths of 2 soldiers who were deployed to libya. To begin a new delhi where donald trump and the indian Prime Minister Narendra Modi are speaking right now as the u. S. President wraps up his 2 day trip lets listen in and dies brings india and america financial and. Openness and trade and. In last 3 years. Of our. Business there has been an double digit growth. And it is very balanced now on our energy. Civil Aircraft Defense and higher education. In last 4 or 5 years. In these 4 sectors not just these 4 sectors india and americas financial relationship 70000000000. 00 contribution. And quite a few things are possible because off from mr president. I have faith in in the coming years this number will go up. As far as by trades are concerned our commerce minister. And there has been positive talk. President trump and myself we have agreed today that our commerce ministers should be understanding. That our teams will give
Talk about an economic stimulus package so where is the fear of the unknown taking us now fortunately we have people around the country who have the answers with me here in washington d. C. Are dr ali khan a former u. S. Assistant Surgeon General who led the centers for Disease Control office of Public Health preparedness and response claudius saw many economists with the Washington Center for equitable growth who has worked at the Federal Reserve board and also the u. S. President s council of economic advisors and in boston we have john gruber an economist at the Massachusetts Institute of technology and a former president of the American Society of Health Economists and in denver we have a very full boat today Kathleen Tierney a professor of sociology at the university of colorado and author of a must read book disasters a sociological approach its so good to have you all with us dr come in we start with you for a minute can you give us a quick snapshot of what the benchmarks on thi
279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to bottom is the chance that they werent going to bottom. Bef
The Global Supply chain factor. Early facebook investor Roger Mcnamee joins us for what the virus means longterm for Companies Like apple and tesla. Paul, dramatic day for the markets and elsewhere. Why are you following . Paul tuesday trading day in asia, i guess the question is, to far is this stone going think . A drop asoking for well, about 2. 5 . Nikkei futures, big hit, 4 . South korea had one of its worst days and 17 years on monday. Japan of course playing catchup because monday was a Public Holiday. Take a look at currencies. The aussie dollar hit the yard over the past 24 hours. Currently just hanging on above . 66. The aussie 10 year continuing to slump toward historic lows. Of red. Uyh a lot in the u. S. , stocks tumbled. Three benchmarks slumped. Good to Abigail Doolittle lets get to Abigail Doolittle in new york. Abigail the markets selling off in a big way. Here in the u. S. , a three day slide. This is the worst of those three days. Friday, the disappointing pmi number