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  • our business editor Richard Sothern joins us now.

  • Richard.

  • It's been a few wild few days on the markets.

  • The last week has been incredible.

  • And that has the U.

  • S.

  • Federal Reserve taking a pretty rare step today.

  • An emergency interest rate cut from the U.

  • S central bank mark in order to, you know, try and shore up the financial markets and mitigate some of the economic impact of the Corona virus.

  • Usually, when the Fed cuts rates, stocks go up.

  • Not today.

  • The Dow Jones industrial average cratering another 785 points, or 3%.

  • CSX held up a little bit better but was still down 129 points.

  • E see, here's the thing.

  • The last time we saw an emergency out of the blue rate cut from the U.

  • S Fed was Oh, it's in the depths of the financial crisis.

  • It's never a good thing when it happens, and market had traders wondering.

  • Hey, wait a minute.

  • What does the Fed know that we don't?

  • Is this Corona virus deal worse than we have been led to believe?

  • That caused a little bit of panic on financial marks.

  • An interesting way of looking at it.

  • Perhaps it's worked in the opposite direction as a result of some speculation, and tomorrow it's the Bank of Canada with a scheduled interest rate decision, most everyone now expecting it's to cut rates.

  • We'll see what happens.

  • All right Now, companies around the world are also scrambling to respond to the Corona virus, including tinder, yes, indeed, mark the dating app.

  • When you're scanning through all the profiles, you get this message, it says.

  • Well, we want you to continue having fun.

  • Protecting yourself from the Corona virus is more important.

  • Here is some steps to do, they say Wash your hands frequently.

  • Carry hand sanitizer, Avoid touching your face.

  • Maintain social distance and public gatherings.

  • Of course, tinder the dating app is a company that relies, I suppose, on close contact so they're tryingto get that message out.

  • One Twitter user, in response to this said quote tinder out here, protecting me from Corona wires more than they're protecting me from bad pickup lines and weirdos.

  • But there you go cos of old sorts.

  • China flew into the Corona virus situation.

  • Physical health first.

  • Absolutely.

  • All right, the rail blockades we've seen across Canada in recent weeks are mostly over.

  • And that means life is kind of getting back to normal for CN rail at least.

  • And it's good news for the 450 c N workers that were laid off about two weeks ago.

  • Mark there, most of them being rehired now by Canadian National, of course, the blockade set up by backers of the wet suet and chiefs who opposed a natural gas pipeline being built on their territory.

  • Police last week arrested several people, dismounted dismantled most of the blockades.

  • CN today said that about 1400 freight and passenger trains were affected by it, but it's getting back on track now.

  • However, this is a company that's very exposed to the overall economy, and so any Corona virus led economic downturn it's certainly affect CN Rail on their stock was lower on the street.

  • I think a lot of people have said transportation of goods is a big factor in all of this for sure is gas prices.

  • What are what's going to happen tonight?

  • No good news here in that we had a big spike for oil yesterday.

  • It's going to show up at the gas pumps at midnight tonight.

  • We're looking at a two cent increase to just shy of a dollar.

  • Eight per leader.

  • Mark came tight.

  • I'm back just after 6 30 There's an interesting new study out on the potential benefits of procrastination.

  • And I'm I'm gonna have that story for you If I get around to it.

  • Way might see you later.

  • We'll see.

  • Makes Richard.

  • Thanks, Mark.

our business editor Richard Sothern joins us now.

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商業報告。美國突然降息 (Business Report: US makes surprise cut to interest rates)

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    林宜悉 posted on 2021/01/14
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