WHITE HOUSE WATCH: ‘WAR-TIME’ PRESIDENT TAKES CONTROL OF FACTORIES
–Congress the Focus As Virus Aid Measure Proposals Balloon –‘Depression’ New Watchword As Deterioration Deepens -HUD, Fannie/Freddie Suspend Foreclosures/Evictions for 60 Days By Denny Gulino WASHINGTON (MaceNews) – What seemed premature and too extreme one day turns into corona virus response moves that appear to be too late the next day, and Congress grappled Wednesday […]
CANADA PLANS $82 BLN IN PANDEMIC RELIEF PACKAGE
By Gloria Gallloway OTTAWA (MaceNews) – Canada is promising $82 billion in financial relief to soften the blow of the pandemic crisis that is causing massive upheaval and uncertainty in this country and around the world. Prime Minister Justin Trudeau announced Wednesday that his government would provide up to $27 billion in direct support for […]
WHITE HOUSE WATCH: GOVT MOBILIZING AS PRESIDENT TRIES BIPARTISANSHIP
–Army Corps Of Engineers Ready; IRS Tax Payments Postponed; Checks To Come –DJIA +5.25/+1048.86; S&P +6%/+243.06; Nasdaq +6.23%/+6.2%; 10-Yr 1.079% By Denny Gulino WASHINGTON (MaceNews) – The mobilization of federal government resources to fight the spread of the corona virus appeared to take giant strides Tuesday and an increasingly focused President Trump extended an olive […]
WHITE HOUSE WATCH: ‘AUGUST’ SHOCKS, NOW THE WAIT
–President Trump On How Long: ‘They Think August – Could be July’ –US DJIA -12.93%/-2997.10; S&P -11.98%/-324.89; Nasdaq -12.32%/970.28 –WTI -9.96%/$28.57; Gold -0.32%/$1511.90; US 10-Yr 0.734% By Denny Gulino WASHINGTON (MaceNews) – With mass testing finally getting under way in the United States, health officials are holding their breath, waiting to see if the virus […]
WHITE HOUSE WATCH: FED’S POWELL: ‘HAD TO DO MORE;’ TRUMP HAPPY
–FOMC Cuts Fed Funds Rate A Full Percentage Point to Near Zero –Stocks Futures ‘Limit Down’ Despite Fed Rate Cut –Corona Virus Testing Regime Days Away From Upgrade By Denny Gulino WASHINGTON (MaceNews) – The economic and financial response to the virus crisis took a giant step Sunday, a Federal Reserve rate cut to near […]
WHITE HOUSE WATCH: UK/IRELAND ADDED TO TRAVEL BAN; FED’S POWELL THREATENED
—Trump: Has ‘Right’ To Remove Powell as Fed Chairman –Senate Considering Virus Response Legislation By Denny Gulino WASHINGTON (MaceNews) – The NIH’s Tony Fauci Saturday repeated his warning that the corona virus fatalities will continue to mount in the U.S. in a briefing in which President Trump confirmed travel from the UK and Ireland is […]
WHITE HOUSE WATCH: INSTITUTIONAL BALM FOR MKTS BUT DEMAND DESTRUCTION DEEPENS
–Declaration of National Emergency Accompanied by New Testing Regime –S&P +9.29%; DJIA +9.36%; Nasdaq +9.35%; US 10-YR 0.981%; Euro/Dlr 1.1104; Dlr/Yen 107.98 By Denny Gulino THE WHITE HOUSE (MaceNews) – From the White House to Ottawa and Germany and beyond, governments Friday applied massive reinforcement of economies and health care mechanisms while the relentless spread […]
BANK OF CANADA CUTS RATES AGAIN
By Gloria Galloway OTTAWA (MaceNews) – The Bank of Canada has slashed its target overnight rate for the second week in a row as it attempts to prop up an economy jolted by the double punch of low oil prices and the spread of the pandemic coronavirus. The bank is cutting its overnight rate by […]
WHITE HOUSE WATCH: MIGHTY US ENGINE OF COMMERCE SLOWS ITSELF FROM CRUISING SPEED
–DJIA -9.99%; S&P -9.51%; Nasdaq -9.43%; WTI -2.485%/$30.69 By Denny Gulino THE WHITE HOUSE (MaceNews) – It’s been something to behold, how the United States is cautiously adjusting at every level to the threat of the corona virus – and how the stock markets have disregarded official reassurances. Day by day, in an orderly manner, […]
ECB RAMPS UP BOND BUYING; DECLINES TO CUT DEPOSIT RATE
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank defied market expectations by declining to move its main deposit rate further into negative territory to combat coronavirus-induced slowdown, but did announce a dramatic expansion of its quantitative easing program on Thursday. That puts the ECB out of step with other major central banks, following […]