America's companies are starting to suspend dividends as Ford started the chain of dominoes this morning. Markets will probably see that as a positive as blue chips in trouble will have more liquidity. Boeing will join that list in the near future most likely.
The President signed 'phase two' of the Federal government's stimulus package (giving aid to sick workers primarily) and the trillion dollar 'phase three' is working its way through Congress as Treasury starts to turn rotors on helicopter money.
The Federal Reserve increased purchases across different asset classes, and increased dollar swap lines to nine central banks.
Economic data begins to show the impact of the epidemic.
Continuing Jobless Claims (Mar 6) printed at 1.701M vs consensus estimate of 1.725M.
Philadelphia Fed Manufacturing Survey (Mar) printed at -12.7 vs estimate of 10.
Current Account (Q4) printed at -$109.8B vs -$109B estimate.
Initial Jobless Claims (Mar 13) printed at 281k vs 220k.
Initial Jobless Claims 4-week average (Mar 13) printed at 232.25k vs estimate of 216.41k.
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