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Fed says theyre going to help but it doesnt help the market in london the sound you cant park in that. One in washington. Is a rate cut but it doesnt stop markets from dropping nearly a 1000 points well investigate why the fed intervention is not helping. Billions into detecting the. Were going to tell you about at least one huge acquisition. To pay 500000000. 00 for throttling i phone users in order to push them to purchase a new battery but is 500000000. 00 nearly enough we have a live report to get you on this very busy day so lets get started on. The Federal Reserve decided to pull the trigger Tuesday Morning and announced an emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has. Deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus was ha ....
Emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has been deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus was having a Material Impact on the Economic Outlook in addition came 2 weeks before the feds scheduled meeting but rather than instilling confidence the market is digesting this as a sign that the weakness is much greater than previously thought analysts have commented that this issue than seemed rushed and panicked and didnt really instill any confidence in fact quite the opposite it damaged confidence making investors increasingly risk adverse so it seems like the fed is stuck damned if it doesnt cut rates in the markets plunge and damned if it does cut rates and the markets take a sign of poor confidence markets were quick to d ....
The fed says theyre going to help but it doesnt help the market for them but the london the show you cant afford to mess im good at ive been one in washington to let them know theres a rate cut but it doesnt stop markets from dropping nearly a 1000 points well investigate why the fed intervention is not helping plus i want to talk to you more billions into the tech in the robot were going to tell you about at least one huge acquisition. To pay 500000000. 00 for throttling i phone users in order to push them to purchase new phones and batteries but its 500000000. 00 a year we enough we have a live report so much to get you on the very busy day so lets get started. The Federal Reserve decided to pull the trigger Tuesday Morning and announce an emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time th ....
This morning, National Securities corporation chief market strategist, art hogan is hill, liz peek is here and James Freeman. Great to he see everybody. Thank you to all of our veterans this morning and their families. Liz peek, you have people in your family. Our son is a veteran. Maria thank you so much. And thank you everybody. We want to give a big shoutout all day today to our great heroes of this country. Our top story this hour is violence erupting in hong kong over the weekend, the protests now in the sixth month. Police fired gunshots at protesters early this morning sending one man to the hospital and the emergency room for emergency surgery, another man in Critical Condition this morning after being set oven fire for confronting protesters who had been vandalizing a subway station. This story is not go ....
First, our top story, google agreeing to buy fitbit for 2. 1 billion in cash. The fitness tracking Device Company jumped on the news. I am joined by garrett divina. What does fitbit know about hardware and software and health that google doesnt . Gerrit a good question. Google has been rumored about talking about a smartwatch. But the operating system has been a collapsed and is not as has been eclipsed by competitors. And is not as popular as android. What they are doing is saying lets buy fitbit and build our business from that. Taylor fitbit is seeing its third annual year of sales decline. Why is it an attractive choice . Gerrit its one of the few choices, im not sure attractiveness is what is going on. As you said, they have been in decline, they struggled as apple came out with the apple watch and can do things a lot of fitbit devices cannot. The price was a premium for fitbit that it is still cheaper than when it went publi ....