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.
Now the Stock Market is back to Obama years. THANKS DONNY.
Downturn Donald!!! Great job you are doing...... NOT!! FLUSH THE TURD ON NOVEMBER THIRD!!!
Love that people have zero understanding of the market and truly believe it is Trump that is plunging the market.... cant wait to see their shock if democrats take over.
I don't get why they can't close the stock market ?
Even with the trillions of dollars taxpayers were able to shell out?
Worried? Read this.
Are the chinese selling all the paper theybhave purchased over the years? Good way to bring down the US and our financial system
America's Economic Have An Uncertain Future.☺️☺️☺️
DO NOT BAIL OUT ANY BUSINESS WHOSE MANAGEMENT IS PAID OUTRAGEOUS SALARIES. CUT SALARIES BY 50% PERMANENTLY THEN HELP WITH REMAINDER AS NECESSARY.
Wow! Very good!
FED and US gov can't cure COVID crisis. People are abandoning WS ship.
AND THE ENEMY OF THE PEOPLE....CNN ARE ALL DOING HIGH FIVE’S shutcnndown
Weird. Let’s pump another 2 trillion into it and see what happens. And then another 2 trillion until it starts to behave.
Trump must of spoke again
How much longer are we gonna deny the global economy crisis and blame the virus ?
So far, 16,000 people have died and 280,000 people have been hospitalized during the 2019-2020 flu season, according to preliminary estimates from the CDC.Feb 21, 2020
Calm down. It’s been one week and all industries booming for several years are now suddenly “broke”? Bullshit. Cool it.
Haaaaaa
The S & P finished down nearly 12%.The Nasdaq Composite ended down 12.3%.
The Dow recorded its worst one day point drop in history.
No one claims to make America great again, these days!
Ohhhh enough already..112 dead in the us... wow! Enough of the sensationalism..and how many died from the flu yesterday?
Is trump speaking?
There’s going to be a lot of ups & downs before it gets better CNN. Even a basic bitch like me k owe that. Get a grip
WallSt should be closed, stocks converted to govt backed shares to fund healthcare and other emergency requirements
CNN goals and wishes 1. Market plunge 2. Worsening of the pandemic 3. Any slips by POTUS CNN ignoring: 1. of recovered cases 2. Early Trump interventions 3. Progress in S Korea
Just another Wednesday in Paradise.
Buy on the dips
* Footnote. The Lie yesterday about 1 k to everyone bought time to barricade the doors to bank. Drive through will accept deposits and only allow 300 $ withdrawals a day.
Very good.
managers and corporations could buy buy buy instead of sell, Tax trillions of tax cut money and buy shares back hold up the markets, it can be done.
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