Private sector economists, and members of the news media for this annual gathering. As you well know, it has been our custom for nearly four decades to welcome you to beautiful jackson hole, wyoming, part of the regions served by the kansas city fed. And i look forward to returning to that setting next year. With this years online format, instead of expressing my gratitude to those who travel from around the globe to attend this symposium while managing jet lag, i will offer my appreciation to those attempting to manage local time zones with the current time no ranges from 6 00 a. M. Thursday to 1 00 a. M. Friday. This year has been an extraordinary one for Monetary Policy and central banking. Many of the issues that we talked about for some time, including the low level of Interest Rates, slower case of growth, effects of heightened uncertainty, and how to effectively communicate Monetary Policy, have been amplified by the economic fallout of the pandemic. For more than a decade, it h
Optimism grows over flattening curve in some areas of the countries. Signs that lockdowns could be having positive impact. 7 and 3 quarters percent yesterday, take a look. Pretty good rally at the end of the day as well. Dow industrials up yesterday, nasdaq up 540 and s p up 175. President trump announcing a deal with 3m to supply medical masks and he said he had a, quote, wonderful call with former Vice President about the coronavirus response. We have you covered this morning about the pandemic and markets and beyond with allstar lineup you do not want to meet miss. Plus what other possible rounds of stimulus might look like, phase 4. The Dallas Mavericks owner mark cuban is here on what should be done to help businesses survive pandemic. Heros stepping forward to help the world on time of crisis. Mornings with maria live now. Big show this morning and big rally underway, lets take a look at Global Markets which are mimicking the wall streets gains today. The cac quarante is up 118 a
And you told your club members this morning were done selling for now. You raised the cash for when or if the market starts to revert to its old ways. Weve been selling into this strength and have to set up for another leg down why . Were about to go into earnings. Mcdonalds this morning reported some bad numbers and withdrew forecasts. We may see more of those once april 14th comes around. Its earnings season when we come back from the holiday, i think well have earnings cut earnings cut. I donennt think this is didnt where do we think earnings are trending, with so many guidance pulls, we got more out of levi last night how do we know what a reasonable model for this years models are . Both pinterest and levis rallied, why they said we cant forecast, but we have good strength in the core business. Levis talks about theyre an iconic brand and they can do well i cant hang my has the on that. Those stocks are down big. I would tell you that there are companies that will have better numb
Pres. Trump thank you very much, everyone. Thank you. Progress is being made. And i appreciate you all joining us. Last night the fda announc pres. Trump thank you very much, everyone. Thank you. Progress is being made. And i appreciate youre all joining us. Last night, the fda announced groundbreaking new policies to further increase testing, very substantially so. All states can now authorize tests developed and used within their borders, in addition to the fda. So the states are very much involved. They have been involved from the beginning, but we are stepping it up as much as we can. And the testing procedures are going well. And within a short period of time, private labs will kick in. This has never been done before. And it is going to be something, i think it is going to be incredible if it is done properly. And these are among the greatest companies in the world, actually. So, the state is going to be dealing through themselves and would local government, local physicians, loc
The Chinese Market has been pretty resilient amid the turmoil. The nikkei to do five higher by 6. 7 . Bluechip stocks stocks looking attractive, up 0. 8 , the cheapest since 2009. Wont be surprising for investors to be picking those out. The rest of asia was pretty much down. The hang seng rising 4. 5 . The benchmark in new zealand higher. Lets flip the board and see where we are in terms of futures. A higher open. It is surprising unlimited qe did not raise the s p more than most people thought. Futures acrosstheboard pointing to a higher open later today. Now, hong kong is taking drastic measures after a surge in imported Coronavirus Infections. From midnight wednesday they will ban nonresidents from visiting for 14 days and will stop bars and restaurants from serving alcohol. Lets bring in stephen engle. Lets start with these latest measures. Why is the government feeling they are necessary . Stephen last week they put in another step where they required a 14 day quarantine for all