So are we going to have negative rates in UK
May well end up being that.
I think the BoE will do all it can to avoid this.
I would expect to see significant fiscal and monetary stimulus from both government and the BoE.
The bank will work to support the financial system to support the real economy - if there’s a prolonged widespread service sector shutdown - then its economic life support territory.
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So hard to resist… but holding out for now.
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The ECB has announced measures to support bank lending, and has expanded its quantitative easing (QE) program by 120 billion euros ($135.28 billion). ECB has left interest rates untouched though.
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Interest rates untouched, but:
[…] today’s new cheap loans to banks will be priced at -0.75%. In other worse, the ECB will be paying commercial banks to borrow - as long as they actually pass this money onto the real econmy.
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He really caught it off Wilson. Wilson is patient zero. All schools and colleges closed in Ireland til the end of March effective from 6pm. Gatherings of 100 people indoors are banned. Pubs are open though 
Portfolio down 16.5% 
Some laugh this.
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S&P 500 dropped 7%. Level I circuit-breaker triggered. Trading halted for 15-minutes.
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Market hadn’t been halted for 20 years…it’s now happened twice in 3 days 
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Market full on crash happening after the halt, this is gonnae go down 2008 levels.
Trading has resumed. There’s 3 Levels.
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Level I is triggered at 7% drop from previous day’s closing price. Trading is halted for 15-minutes. This has already happened today.
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Level II is triggered at 13% drop from previous day’s closing price. Trading is halted for another 15-minutes.
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Level III is triggered at 20% drop from previous day’s closing price. Trading is halted for rest of the day.
Also no S&P 500 stock is in the green right now. It’s not looking good.
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Seems to be a race to level 1 after the open recently! I personally don’t think we’ll see level 2 or 3 today, but let’s see
Uber has urged its employees in countries including the US and Europe to work from home…
(Source - Coronavirus: Uber urges US and European staff to work from home)
Daniel Ek, founder and CEO of the company, tweeted Tuesday, "I have asked Spotify employees to work from home for the next two weeks…
…
Last week, Sony Pictures Entertainment shut their European offices in London, Paris and Poland as a safety precaution, while others across Europe remain open. For the same reason, Imax has limited non-essential business travel for employees.
(Source - Spotify Instructs Employees to Work From Home Amid Coronavirus Fears – Billboard)
Investment research company Morningstar is requiring U.S. employees to work from home at least one day over the next week…
https://www.chicagobusiness.com/finance-banking/morningstar-tests-mandatory-work-home-day
Bitcoin still up this year, down around 25% in 24 hours.
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Some work from home stocks:
- Slack and DocuSign are down from the month’s highs:
- Zoom is hanging in there:
- Okta is down ytd:
Commuting:
- Uber is at all time low:
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The European Central Bank held a press conference just now, they said the executives are splitting into two teams and the next meeting/announcements will be made online.
