Liquidity concerns, airlines get crushed, and no pandemic playbook.

The Fed announcing a bond buying program as the scramble for cash intensifies and liquidity concerns throw global bond markets into turmoil. We look at the Fed’s big move and the impact it could have on the markets.

Plus, airline stocks getting crushed following the President’s European travel ban. We speak to a guest who says the pandemic could serve as a liquidity stress test for the sector.

And a growing list of sports leagues suspending games or banning fans. We look at just how big the financial fallout could be.

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