Hello, all. Here is useful market information to base decisions from, enjoy!
Michael C Moran – Market Watch Update 3/23 📲
🤵Federal Reserve: Fed announces unlimited bond purchases in unprecedented move to help U.S. economy weather coronavirus meltdown. Federal Reserve will expand bond purchasing programs to aid corporations and businesses effected by the COVID-19 shutdown.
Michael’s view: Economic action must be taken as quickly as health-related measures, because the general public will face increased health risk with lack of a stimulus package.
🌐Learn more at Federalreserve.gov, foxnews.com, yahoofinance.com, washingtonpost.com
🇺🇸 US: The Democratic party blocked the Coronavirus Bill to pass which could not only boost the economy, rather save lives.
🌐Learn more at foxnews.com
🏪 U.S. Small Business: President Trump has asked the Small Business Administration to provide a $50B lifeline amid the coronavirus. This is reported to be through low-interest business loans as a part of a U.S. Small Business stimulus package. Sources report talks are ADVANCING QUICKLY.
📈 Financial Markets Overview
US Stock Market – DJIA: (-4.11)
Europe Market – FTSE 100: (-3.79)
Asia Market – NIKKEI 225 Index: (2.02%)
-Severe precautionary health measures of shelter-in-place are in effect across U.S as cases skyrocket.
-Michigan Governor Whitmer announces 3-week long shelter-in-place order beginning at midnight.