tokyo now and speak to journalist michael penn he's the president of the shin gets to news agency michael canada says it's not going to send athletes to the olympics this year a strategy has suggested the same she has been insisting the games would go ahead as planned but isn't it inevitable now that either be cancelled or is himself is hinted postponed. yes you put your finger on exactly the actions which both the canada pick committees and the australian government are taking affectively have collapsed the current line of the japanese government as well as the international olympic committee you know they have been trying to hold the line saying that there would be no change that things would go forward but while they kept delaying and you know essentially being inflexible other people have now taken this decision out of their hands and i think that there will be many other countries following canada and australia in making the moves that they are so the decision is no longer the international olympic committee or. decision themselves. i want to talk to a bit about the background behind all th

michael mccarthy there speaking to mea michael mccarthy there speaking to me a little bit earlier. president trump says the united states and canadaose their border to non—essential traffic, as all 50 american states registered cases of coronavirus for the first time. mr trump also said that he was sending a us navy hospital ship to new york, the city worst hit by the outbreak. north america correspondent nick bryant reports. in new york right now, the rush—hour is no more. companies have been ordered to keep at least half of their employees at home. a city known for its infectious energy, a city that likes to boast it never even has to sleep, is experiencing a form of enforced hibernation. it's now ringed with drive—through test centres, as america's largest conurbation has also become a home to the country's largest coronavirus outbreak. and this hospital ship will soon be setting sail for new york harbour. as the city's medical facilities are overwhelmed in the coming weeks, it will desperately need extra beds. today, donald trump described himself as a wartime president... thank you very much. ..and continued to label covid—i9

canada and new zealand. what kind of response will it take? michael: it isn't all bad, in a sense. obviously, the fed wasn't specific on this. i am sure the equity market is one of the big things they are looking at, but i think they will ultimately be looking at the behavior in credit markets. i think the fact you have seen money come back into high-yield credit, you have seen a return of issuance, the news isn't quite as negative as perhaps the equity market is suggesting. i think we will have to see a next week or so. it is going to be key how investor behavior reacts across markets to the fed cut. guy: let's talk about the sector. if i am an engineering company and i've got problems with my supply chain, and therefore, i can't pass on my goods and get paid for them, i've got a cash flow crisis. how on earth does a 50 basis point cut from the fed resolve my problem? there are engineering companies, there are companies around the united states and europe and asia that are feeling exactly this pressure right now. the incoming governor of the bank of england was talking about this

canada virginia. good morning, thanks for waiting. >> thanks for taking. michael great program.my question is not about his presidency but about your thoughts on his remarkable mother and his remarkable sister betty. and their influence. they were probably his longest female relationships, even including his wife, and i'd be interested in your thoughts. thank you. for >> i didn't get the third part, asking about george washington's mother, but did not hear their. part let me just lie about his mother. mary washington was really an extraordinary figure in her own right, who was hard to get out because there's not a lot of resources to understand. and was raised by a single mother. george washington was only 11 years old at the time, so she really gave him a tremendous strength of character. she taught him a lot of things about how to manage and estate, she was known to be very religious, so i think it's clear that she read them books, not only the bible, but books on religion. she had to be a very strong woman and i know george washington was quite like his mother. she seems to b

some of the measures, for example, that canada's prime minister trudeau has produced that's based on science and fact and not just knee-jerk reactions. >> michael bociurkiw, thank you for your insight. we really appreciate it. >> my pleasure. >>> saudi arabia and the uae just announced a massive stimulus plan. what that could mean for the price of oil coming up. want to brain better? unlike ordinary memory supplements- neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try neuriva for 30 days and see the difference. where you can find games, news and highlights. all in one place, right on your tv. the new xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and get notifications when the game's about to start, with the xfinity sports zone, everybody wins. now that's simple, easy, awesome. say "xfinity sports zone" into your voice remote today. >>> welcome ba to our viewers in the united states and around the world. you're watching "cnn newsroom." i'm anna coren. travelers are in the middle of a travel nightmare acr

the prime minister of canada has introduced something based on science and fact and not just knee-jerk reactions. >> michael bociurkiw, thank you for being on the shoech. we really appreciate it. >> my pleasure. >>> iran is lashing out as it faces its worst coronavirus outbreak. hassan rouhani has reached out. at least 12,000 people have been affected in iran with more than 600 deaths. u.s. president donald trump is largely responsible for restoring sanctions on iran. tehran has rejected his offer of help with the virus. >>> the u.s. is trying to rectify a nationwide shortage of coronavirus tests. so why can celebrities get the exam so quickly when average americans cannot? our report is next. et the ninja foodi pressure cooker, the best of pressure cooking and air frying now in one pot, and with tendercrisp technology, you can cook foods that are crispy on the outside and juicy on the inside. the ninja foodi pressure cooker, the pressure cooker that crisps. no matter where we call home, how we worship, or who we love. and the 2020 census is how that great promise is kept. because this is the count that inf

canada. janai norman is here with that. >> hey, michael, good morning.k with many of them one-on-one. these are the first photos from inside duchess meghan's final solo engagement. the duchess emotional while she was talking to students tackling so many issues from pollution to public health. >> for her it was a bitter sweet moment. the emotions were high and the tears she had held back during that engagement knowing it was the last time she was at buckingham palace as a working royal. >> reporter: all part of her support for accessible education for all, a cause she plans to keep supporting as she and harry embark on that new life. bittersweet good-byes for the couple as they departed the uk. >> for harry and meghan, although their team at the castle was small, they were like a family. they leave behind a loyal team that has really been by their side through some of the darkest moments. >> the duchess became royal patron of the association of commonwealth universities last year, taking that role over from the queen who was patron for 33 years. the susse

michael. the fed joined the bank of canada, bank of england, bank of japan, ecb and swiss national bank in cuttingt 40 bucks which split adjusted is 4 $4. we are getting overdone. the bank stocks are down 15% to 20%. we are getting the borderline insanity. it's looking like we will open up some 2400 on the s&p 500, 2350, right around that is the 2018 lows. robert wolf is buying stocks for the first time in a decade, makes me feel good. so look, i don't think we are out of the woods yet but the end is near. maria: i love the fact michael lee said earlier we are actually in a bottoming out process, mitch, because when it looks this ugly, you have to believe that some people see this as an opportunity. is the fed cut, a point cut extraordinary, 150 basis points in just two weeks cut by the fed, is that going to be enough to lure people in to start refinancing, help the broader economy? >> i think it's part of the puzzle. fiscal stimulus is important and what fiscal stimulus looks like it what the market's going to be paying attention to and how long we bounce around the bottom is going to be dependen

michael good to see you on the program the british defense ministries accused of turning a blind eye to veterans suicide it didn't collect data element on like say be u.s. . canada is it there for criticism and what should it have been doing 'd. ready. military spent 22000000 and mental health issues and then you can sort of the defense but you know you're not 50000000000 i mean 'd 22000000 so with a lot of money put into what we spend on weapons so when you consider the. government present government will any government in the past. we've put 120000 deaths due to austerity cuts to deal honestly think these people gathered on a few short years to get who would like. to know. the military means of just cytoplasm and the military just expendable items as all the and with much. and i mean you know because 'd the cost of moving up. the hope creates for the day that will turn a blind eye to the survival of the death of us like the criticism is justified we should point i think mental health program will begin next month on top of the existing health service treatment for p.t.s.d. and helping veterans and other issues michael how effective do you think that would like

michael: it pushes them to announce something. i would imagine that there is pressure on the ecb to announce something. --k of canada makes tomorrow of canada meets tomorrow. the fiscal authorities, it takes a long time for that to happen, but they could announce something. they can waited till we get some sort of indication that there's a problem for companies, but they could announce that they have in their back pocket some sort of tax help for companies. john: i agree with mike. vonnie: we will hold you to that in just a moment, but i want to get to the cme. our guests are staying with us. phil streible joins us for some market reaction from the pit of the cme. we are seeing a bounce for all of the commodities that i can see, except maybe cocoa. it has been such an incredible morning. the reaction of the cme to the emergency rate cut? phil: the initial reaction was about a 300 to 400 point move up in the dow. however, people question the timing around this. people are looking at what china was seeing with their forward data, and then the federal reserve had to act appropriately. the problem is the timing is quest

michael from cnn. are you there? >> i am here, can you hear me? >> go ahead, please. >> thank you for taking my call. i am dialing in from british columbia in canadahere we have reached 424 cases, between the numbers in hong kong and singapore. my question is about sports. as you know, the canadian olympic committee has said it will not be sending athletes to tokyo. for the health and welfare of their members and also i think we are getting the same messages from australia and elsewhere. my question is, a lot of national olympic committees are looking to the who for guidance on this ahead of the ioc making a decision. i know it is a sensitive topic. i know there are considerations. but i think about athletes who cannot go to training facilities , who are caring for loved ones, perhaps even suffering from covid-19, looking for guidance from you as time is ticking. thank you. >> thank you for the question. is undere of the games close observation of the moment. premier inard the japan has expressed doubts about the games as well. there feeding into deliberations on this. i believe a decision will be made very soon regarding the future of the games.

michael, good morning to you. the federal government is now closing the u.s. border with canadal nonessential traffic, and there could be limitations on the border with mexico as well. the pentagon meantime is deploying two hospital ships to both coasts including here in new york as health officials warn of a potential overflow in patients. this morning, the white house ratcheting up the war against covid-19. >> i view it as in a sense, a wartime president. that's what we're fighting. >> reporter: adopting increasingly strict measures to limit the spread as the number of confirmed cases in the u.s. passes 9,400. >> we must sacrifice together because we are all in this together, and we'll come through together. >> reporter: president trump also asked why some high-profile people including nba players seem to be getting access to the test more easily than other americans. >> how are nonsymptomatic professiles getting tested while others are waiting in line and can't get them? do the well-connected get to the front of the line? >> you would have to ask them that question. no, i wou

michael: that is what it leads to in the oil markets. they are predicting 22% decline in global demand, more than the united states produces, so it is not just canadahat has a double shock. the u.s., we talked with brock kaplan last week, his district is going to get really hard. it is shutdowns in the midwest and the permian that sent us into a mini recession that people didn't completely notice, but we are facing that again. we are facing the double whammy of the economy shut down and a lot of projects in the oil patch that are not going to start up again until oil prices get much higher. that is going to lead people out of work in a situation where the government can't lift them up by providing bridge loans because there just won't be the demand afterwards. alix: let's wrap it up here. what is the trade, the thing you are watching and recommending most? fxssili: i think in the market, the dollar funding is the key issue. our bias is more towards the short dollar side from the medium-term perspective. i agree that in the short run, it is going to be very choppy and volatile, but there's some real risk premia in effect, and i think there's opportu

canada is going to make a decision tomorrow anyway. it does stage some disappointment because they let the communications get ahead of their communications. alix: isn't that what always happens? how's today any different? michaely not the markets -- not what the markets were expecting, and they had to have known that. you lookichelle, as forward, does the market reaction put more pressure on the fed to react at its march meeting? michelle: i think that is the case. i am sure that the federal reserve and other central banks would like to wait and take action at their respective meetings. the question is whether or not markets will allow them to do so. when you look at the price action last week and what that potential he means in terms of generating even greater economic risk, i think it would be very difficult to see a repeat of that kind of move in financial ,arkets and not have a response that is indeed what ends up happening. alix: you had a note out overnight that said you are looking to a zero lower bound by midyear. you could see 11 basis points between now and the end of march meeting from the fed. this anything change with the g7? michelle: a review has been that we would see a 50 basis point .ut actua