In recent days, the US Federal Reserve has
to fight the fast-moving economic and financial shock caused by the coronavirus epidemic — cutting interest rates close to zero, ramping up asset purchases and easing capital rules to give banks more flexibility to extend credit to households and businesses.central bank invoked emergency powers to launch a new program that will seek to unfreeze a $1 trillion marketfrom highly rated borrowers.
But like other funding markets, there's been a breakdown in recent days, raising fears that coronavirus-ravaged companies would lose access to credit just as they need it most. That would have a cascading effect, forcing cash-strapped businesses to lay off workers and scrap spending plans. "The commercial paper market has been under considerable strain in recent days as businesses and households face greater uncertainty in light of the coronavirus outbreak," the Fed said in a statement.In a note to clients, Goldman Sachs' chief economist Jan Hatzius called the move a return to the"crisis-era playbook" — and predicted that more emergency measures to keep credit flowing could be on the way.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Dow Jones Futures plunge and hit ' limit down' as extreme trading continues.
sanitizing station 😎 DowJones wallstreet coronavirus
Why not just close all stockmarkets since most companies are closed anyway?
Why is the Market even open?
It’s going to hit 10000. Get your money out.
Play’s a prominent roles
Stop being surprised. It will be under 10k by June then it will go back up once we get the ok to start working again
TrumpRecession ！
guess Trump's asinine tweets this morning didn't help takeawayhisphone
The market should have closed a week ago
So this is the TRUMP SLUMP? Thanks for its hard work for blaming others!
Translation: a lot of really rich people are somehow making a shit ton of money.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market live updates: White House and Fed boost stocks, Dow up 1,000, Oil drops 6%Stocks attempted a rebound on Tuesday after the Dow and S&P 500's worst day since 1987 on Monday. GREAT let get gas down to a 1.50 gallon. WTI Member people who called a bottom like, well hundreds of millions of losses ago? For every bottom calling hero that is born from this, there is a path littered with corpses. I’m fine with not trying to be a hero.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market news live: Stocks boosted by Trump coronavirus stimulus plans; Dow rockets over 1,000 pointsStocks jumped Tuesday, offering some respite from selling after Monday’s declines sent the Dow off by its largest percentage drop since Black Monday of 1987. I can’t until it drops double that again 😭
Source: YahooNews - 🏆 380. / 59 Read more »
The Dow had its worst point drop ever as stocks tumbled againUS stocks ended sharply lower on Monday, with the Dow posting its worst point drop in history and falling to its lowest level in nearly three years. Instead of soothing the markets, another emergency interest rate cut from the Fed had the opposite effect. Trump wanted it lowered and look at what happens 🤔 Trump talking of airline financial relief........ are you kidding me!?!?! Look what airlines CEO’s bonuses were for this year..... wake up! And I'm sure CNN is happy about that
Source: CNN - 🏆 4. / 95 Read more »
Stock market live updates: Stocks re-open after halt, Dow drops 2,700, S&P tanks 11%A conversation about the latest market news, including the massive sell-off in stocks and a giant monetary stimulus package from the Fed. Third time's the charm? cricket chirps* What happened to the free market? Oh no supply and demand is doing something the capitalists don't like, shut it off! This shit is all fake
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set for further weakness after Dow sees worst day drop since 1987Overnight on Wall Street, the Dow Jones Industrial Average plunged 2,997.10 points to close at 20,188.52 — its worst decline since its 'Black Monday' crash three decades ago when it fell more than 22%. Who cares about the money and making rich richer poor ppl who actually pay taxes vs tho use who avoid them and losing their family and fiends. Greed will eat you all. 'Dow futures jump 700 points after Wall Street suffers worst day since last Thursday'
Source: CNBC - 🏆 12. / 72 Read more »
Coronavirus Updates: Dow, Stocks Drop; Airlines Seek Aid; Business and School Closures Across U.S. - WSJ.comAs the coronavirus pandemic roils markets and upends business, The Wall Street Journal is gathering in one place all the latest news and insights on the impact on investors, companies and economies. juliaccarpenter Why wouldn’t individuals pay if they want gear? juliaccarpenter The government or business? Why would you even ask this? If you don't know you're either retarded or think you're a capitalist when you're a schnorrer to the extent you want to pay for nothing and everything collapses and no one can make money.
Source: WSJ - 🏆 98. / 63 Read more »