‘Bloomberg Daybreak: Americas’ Full Show (05/18/20)

‘Bloomberg Daybreak: Americas’ Full Show (05/18/20)

SON'S WARNS OF A BLEAK FUTURE.. SUPPLY HAS GOT SHUT A LOT. TIME FOR TODAY'S MARKET MOVING. WE WANT TO START WITH FED CHAIR. RECOVER. IT MAY TAKE A WHILE.. BANK MAY NEED TO DO MORE TO KEEP. HE DIDN'T GIVE LAWMAKERS ADVICE.. BILLS, HELP COMPANIES AVOID. GOING BANKRUPT SO the JOBS ARE. HE DID SAY THAT STATES AND. SHOULD CONSIDER.. AS FAR AS THE FED IS CONCERNED,. THERE IS ALMOST NO LIMIT TO WHAT. THEY CAN DO.. THEY CAN ENLARGE THEIR ALREADY. ANNOUNCED PROGRAMS, THEY CAN. START NEW ONES, CHAINED. -- NEW ONES, CHANGE THEIR ASSET. PURCHASE, WHICH SOME SEE AS. YIELD CURVE CONTROL.. HE ONCE AGAIN SIGNALED OUT. NEGATIVE RATES.. HE DOESN'T THINK THEY WORK.. SHOULD MENTION THE VIRUS HAS. CLAIMED ANOTHER VICTIM, THE. JAPANESE ECONOMY.. OVER THE WEEKEND, JAPAN. ANNOUNCING IT HAD GONE INTO. RECESSION.. THE ECONOMY SHRANK BY 3.4% IN. THE FIRST QUARTER OF THE YEAR,. AND THE REVISED THE FOURTH. QUARTER DOWN TO -10, WHICH MEANS. TWO QUARTERS IN A ROW, THE. TECHNICAL DEFINITION A LOT OF. ECONOMISTS USE FOR RECESSION.. IT MEANS BAD TIMES AHEAD IN. ASIA.. CHINA DOESN'T ANNUALIZE THEIR. DATA.. JAPAN DOES, LIKE THE UNITED. STATES. CHINA SHRANK 9.8%.. IF YOU