stress as companies like fed ex general mills and airline slash profit outlook for 2020 secretary menuhin warned that unemployment rate could hit a depression era of 20 percent in the absence of government intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c.v.s. and walgreens are up citing bulk buying of consumer staples and pharmacy products and netflix was slightly up this morning before giving up gains as a quarantine has forced many americans to stay at home with nothing to do but stream content or entertainment as a panic sells from algos accelerated the slides we're seeing tremendous dislocations in the market that don't really make sense the old mantra touted for the last 10 years of buy the dip is broken as every papa.

stress as companies like fed ex general mills and airline slash profit outlook for 2020 secretary menuhin warned that unemployment rate could hit a depression era of 20 percent in the absence of government intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c.v.s. and walgreens are up citing bulk buying of consumer staples and pharmacy products and netflix was slightly up this morning before giving up gains as a quarantine has forced many americans to stay at home with nothing to do but stream content for entertainment as a. and excels from algos accelerated the slides we're seeing tremendous dislocations in the market that don't really make sense the old mantra touted for the last 10 years of buy the dip is broken as every papa sold off every ounce can't be sustained as the chart continues to make higher lows indicative of a bear market now that prices plunge again down over 24 percent hitting an 18 year low as a lock down to counter the pandemic resulted in an even greater de

market intervention allowing for an unlimited bond buying plan according to treasury secretary steven menuhin it could make up 4 trillion dollars of liquidity to support the economy so for more on the fed and its latest moves we are joined by author of fed up a fed insiders take on why the federal reserve is bad for america and form or fashion insiders any algae march you know thank you so much for joining me during these times there's a lot to dig into but i want to get started with the st louis fed chief who last night said that unemployment could reach 30 percent and that we could see 50 percent reduction in g.d.p. what do you make of this. well i think right now that most of wall street most investors and frankly a lot of small town america has is literally written off the entirety of the 2nd quarter i can't tell you how many how many close colleagues friends family members i know who've lost their jobs in just a matter of days and i don't think that in our lifetimes we will ever experience a quarter where the largest economy in the world comes to a sudden stop so even though 'd president

market intervention allowing for an unlimited bond buying plan according to treasury secretary steven menuhin it could make up 4 trillion dollars of liquidity to support the economy so for more on the fed and its latest moves we are joined by author of fed up a fed insiders take on why the federal reserve is bad for america and form or fashion insiders any algae march you know who's thank you so much for joining me during these times there's a lot to dig into but i want to get started with the st louis fed chief who last night said that unemployment could reach a 30 percent and that we could see 50 percent reduction in g.d.p. what do you make of this. well i think right now that most of wall street most investors and frankly a lot of small town america has is literally written off the entirety of the 2nd quarter i can't tell you how many how many close colleagues friends family members i know who've lost their jobs in just a matter of days and i don't think that in our lifetimes we will ever experience a quarter where the largest economy in the world comes to a sudden stop so even though pres

market intervention allowing for an unlimited bond buying plan according to treasury secretary steven menuhin it could make up 4 trillion dollars of liquidity to support the economy so for more on the fed and its latest moves we are joined by author of fed up a fed insiders take on why the federal reserve is bad for america and form or fashion insiders any algae march you know both thank you so much for joining me during these times there's a lot to dig into but i want to get started with the st louis fed chief who last night said that unemployment could reach a 30 percent and that we could see 50 percent reduction in g.d.p. what do you make of this. well i think right now that most of wall street most investors and frankly a lot of small town america has is literally written off the entirety of the 2nd quarter i can't tell you how many how many close colleagues friends family members i know who've lost their jobs in just a matter of days and i don't think that in our lifetimes we will ever experience a quarter where the largest economy in the world comes to a sudden stop so even though presi

treasury secretary steven menuhin says he expects the u.s. an economic hit from the corona virus outbreak to be short term france is simply promising to compensate fairish related salary losses for 99 percent of workers as travel bans school closures and other measures are taking a heavy toll on the economy the government of romania including all ministers as well as the leadership of the ruling national liberty party have been asked to self isolate and naipaul is closed all off its himalaya peaks including mount everest this climbing season. environmental activist gratitude burgas called on campaigners to avoid mass protests as a corona virus spreads but she says her pride is for future movement will organize online strikes instead the coronavirus meanwhile is having an impact on pollution in china where the disease originated there it has led to a decrease in carbon emissions as economic activity slow but many believe the effect will be temporary. surgical mask a popular home remedy against airborne threats until a few months ago smog and c

senate to reach a deal finally but now president trump actually says after meeting and speaking with menuhin and minority the minority leader chuck schumer that a deal is near now it's estimated there could be yet another vote tonight making this the 3rd go around the senate has voted on this relief bill if a deal is voted and passed today it will take some time to draft a final legislative text however in order to vote today senators must grant a unanimous consent to do so reporting in washington fair in front back r.t. . meantime china is set to lift travel restrictions in the move a province starting tomorrow for all residents that scale back however won't apply to the city of will hon which we all know as the center of the corona virus outbreak the announcement comes as china claims to have brought their outbreak under control according to officials were on may see their travel restrictions lifted by. early april. and back here stateside boeing will suspend factory operations at its puget sound facility in washington state due to code 19 this will also include suspension of its maintenan

thank the people from fema the great people from fema and also the army corps of engineers secretary menuhin and the members of my administration continue to work closely with congress i'm pleased to report that we are working to pass the biggest and boldest financial relief package in american history senators will soon hopefully vote on a 2 trillion dollar bill that will deliver direct cash payments to struggling americans no fault of their own this came out of nowhere nobody can imagine this even happened but it's not their fault we want to protect and we will all of the things that a person needs protected and a family needs protected working on job retention loans for small businesses and extended unemployment insurance for laid off workers the legislation will also 'd include billions of dollars for additional resources for our has a really heroic these are incredible doctors nurses brave and hospitals as well as support for hard hit industries such as the airline industry and the cruise ship industry which employ tremendous amounts of people and obviously serve very important function