meanwhile, raphael bostic says he is not a fan of going into the negative rate territory.he comments come after traders priced the possibility of cutting rates below zero. meanwhile, the fed is saying it is starting to buy corporate debt etf's. is part of the emergency coronavirus lending program and it launches today following weeks of anticipation. we are anticipating a great deal. there is republican support for another stimulus bill. which would send money to the states hammered by the economic impact of the coronavirus. u.s. senator bob menendez is cosponsoring the $500 billion stimulus bill. two or bill cassidy said three gop senators would be ready to commit to the proposal by the end of the week. cio forst host is the wealth management. great to have you with me. we can debate negative interest rates. if it is not on the agenda, buying stocks or more explicit forward guidance, what is the priority and more likely to come earlier than we think? >> good morning. the fed buying stocks. i think this would be more important than negative interest rates. you don't just p

we'll talk with rafs raphael bostic, and the c.e.o. of american airlines. all that and more is just ahead on "face the nation." ♪ >> brennan: welcome to "face the nation." as we turn the page to a new month, americans continue to struggle emotionally, financially, and with just trying to plan ahead. in most cases, there are few clear answers to our many questions. we will continue to seek them for you. our coverage begins today with cbs news stma a >>orter:n america's covid siege, askasks brasion were morph into rage. they argued, our oxygen-starved economy neats a ventilator. with 30 million jobs lost, millions of people are running low on something, food, toilet paper, patience, and especially money. you'll probably notice more stores reopen. 38 states have already eased restrictions, and six more will follow suit tomorrow and tuesday. >> if we hear minimal reports of knuckle-head behavior at our parks and we see the metrics that we need to meet, then we know that you all have taken to heart your responsibility. >> reporter: another concern: food shortage

we will speak with atlanta fed president raphael bostic about how reopening is going in his district >>> plus, scott gottlieb has called antibody testing a game changer. we will speak with the head of quedel and we will ask how his company's rapid diagnostic measures are up to the traditional tests we talk so often about. as sarah said, lower 0.6% but off the sessions low mike santelli is tracking a volatile day for the market. joining us to discuss big money being spent in the race for a vaccine are chris meekins from raymond james and meg terrell as always mike, let's start with you. >> yes s&p 500 pausing right below levels everybody is walking, 3,000 on the upside, right around the 200-day average look at a one-year chart of the s&p, we spent most of last summer in this relatively narrow defined range between 2,800 and a little over 3,000. so it is familiar territory. i don't think necessarily it means market stops in its tracks here often we kind of over shoot some of the widely watched levels once they get close by also, there's a lot of action below the surface. today is anoth

atlanta fed president raphael bostic in a webinar hosted by the georgia grantmakers alliance.oronavirus will erase four years of growth from the economy and may push 130 million into poverty by 2030 according to the un. drop in global2% growth this year. meanwhile, the pandemic has prompted jp morgan to rethink its long-term view on the yen. it's official forecast, at 107 per dollar by year end. it has the currency trading around current levels but analysts highlighted economic and policy trends that could see sustained gains. david bloom from hsbc is still with us. you never really bought into the thesis that the yen was a safe haven. why? the geneticook at pattern of currency. you go back and you say, look, how is this currency correlated with risk? what you use for risk is the s&p 500. how does this currency perform andy s&p goes up, badly, when the s&p goes down, well. that is its genetic pattern. in mathematics, we would say it has a coefficient. we worked out basically aldi genetic patterns for the currency. in the real world, other things matter. what happens is other t

that i talked to and or cover they were just recent comments where in the past hour actually raphael bostic just said in a webinar he sees negative rates as one of the weaker tools in the toolkit and charlie evans, chicago fed president, said about five minutes ago that he thought that it was not something he would be anticipating to do here in the united states. >> has powell himself specifically weighed in on this and said he is not a fan of it or left it up to the others? >> i believe he has. i'd have to go back and check specifically but my understanding from what powell has said publicly is he is not a fan of negative interest rates it would complicate the money market industry in the united states although there's some pretty good academic research, i think ken rogoff behind this saying if you set it based upon the underperformance of the u.s. economy you would set rates in a deeply negative place right now. >> that's a big debate but just like you reported weighing in perhaps against it for now we'll have more i'm sure hopefully not. that means the economy is better we don't want tha

charles evans and raphael bostic don't see that will be in used in the u.s.ys it will start purchasing corporate debt in the form of etf's. the program coming online as members respond. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. anna? anna: let us talk about what is going on at aberdeen. net outflows in the first four months at about 24 billion pounds. poundsng in 25 billion -- it's all inflows of one billion pounds. joining us now is keith skeoch, the ceo at standard life aberdeen. great to have you with us. great to speak to you. you describe the inflows and beenows data i have through as an encouraging signal today. the day of your atm. why are you encouraged? ith: thank you end it is a pleasure to be care. i think it is encouraging because during so much turbulence, clients are remaining relatively calm. our performance has held up and to see confidence from our clients sticking with us and sending us some new money is encouraging. matt: why do you think