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Up over 6.5% on the day The S&P index has had an impressive rally in trading today with the index up over 6 1/2%. The index was up around 7% the highs.

Yields, stocks helping. Olympic delay may be hurting the JPY too The USDJPY extends to new session highs.  The price just moved above the Asian session high at 111.28. The pair is trading at 111.33 currently.

To reopen stores on staggered basis they also said: The president today has said that he would like the US to reopen by Easter Sunday on April 12. ForexLive

Met with Paul Tudor Jones, Stephen Schwarzman, others to talk markets. Pres. Trump and VP Pence at a telephone call discussion with investors and hedge fund managers about the coronavirus impact on the economy.  

Senators closing in on a deal On CNN a short time ago, US House Majority leader Nancy Pelosi had this to say: "If McConnell says we are on five yard line and Senator Schumer says we're on the two-yard line,

That's an astonishing number, from Bloomberg sources The population of Canada is just shy of 40 million and the workforce is around 25 million people. So nearly one-in-25 people were laid off in a single week.

The nightmare is unfolding Johns Hopkins has the US total number at 46,805. US reporting is a bit of a mess right now but not as big of a mess as the testing is.

Second-deadliest day in the pandemic Total casts in Italy rose to 69,176 from 63,927 yesterday. New cases 5,249 vs 4,789 yesterday. As dark as these headlines are, there are signs of a flatter curve. That's an 8% rise in cases, which is a step in the right direction.

Delta cut to junk by S&P The issue with the Fed's corporate bond buying program is that the central bank can only buy investment grade debt. It was already brutal for a company to be cut to junk but spreads have now blown out to 1000 bps and that was before the Fed announced it […]

Bit of a tail The market wasn't as hungry for short-term debt as anticipated. Better ramp up Fed buying above $125B per week. ForexLive