Three People Living in the uc davis dorm are in isolation. One of them being tested for the virus while the other two at this point are showing no symptoms. 8400 people in all are being monitored in california. Meanwhile, federal Health Employees were improperly trained to deal with the coronavirus. That includes some workers stationed at Travis Air Force base. The employees did interact with americans in quarantine. That california grappled with the first case of community coronavirus. That woman is there hospitalized. Reporter thats right. And the folks here at the Uc Davis Medical Center say they are committed to providing that patient the best care possible. Meanwhile, state Officials Say that case is a major turning point in how they approach the virus. Youre looking at the states Emergency Medical Coordination Center where Health Officials have been closely monitoring the coronavirus outbreak for weeks. Yesterday they got the news theyd been expecting. The countrys first case of
Exceptional move. Not a good sign. Everyone is kind of getting out of its way. The bond market seems to be concerned about a recession. The bond market is telling you it is a very dark outlook. Its not just about growth, and its about the lower bound, the potential qe, potentially lower forward guidance. Continued will have to to step up to the mark. Whether that is the right plan or not, they are going to zero. The u. S. , unfortunately, will be dragged down more toward europe. The rates market has at least another 25 basis points it could go. There are so many assumptions that are being repriced now. We will keep seeing movement here. Be careful out there. Jonathan joining me around the table is george rusnak, oksana aronov, and gershon distenfeld. Oksana, lets begin with you. Do you remember the payrolls report . Oksana vaguely. Jonathan vaguely . Do you remember the rate cut earlier this week . How long has this week been . Oksana it has been one of the longest ones, but also one o
Still rock bottom. 30year bond looks like, this up 17 basis points with the year on the 30year at 1. 192 . Supporting the economy and threat of coronavirus. President trump floated the idea of payroll tax yesterday and help for industries and that sent futures higher last night. We will take a look on exactly whats involved. Voters in 6 states are heading to the polls today. Investing in apple, history, how you could own one of the first Apple Computers ever made and fully functional. Mornings with maria is live right now. Maria we have a bounce going on, all positive following the big selloff and rebound this morning. Cac quarante in paris up 3 and a half percent and. In asia overnight, green across the board as well. Take a look at this, the numbers up, shanghai composite, Chinese Market up almost 2 right now, overnight rather. The Japanese Central bank has been buying equities. Also this morning some of the top stories that we are watching this morning, chinese president xi jinping
Much. The economic problem is much more on the fiscal side. The focus needs to shift on to fiscal stimulus now. More coordinated policy response. And all of the above strategy. Dont bigger and argue about doing payroll taxes are paid family leave, do them all. What the market need to see is fiscal policy makers starting to panic. Markets stop panicking when policymakers start panicking. The last fewtil days for that to happen. Here we are now. Jonathan what a week its been. The table,around collin martin, gregory staples, and michael began in. Michael, i want to begin with you. The Silver Lining at the end of a brutally for many of you out there . Finally, do you start to see the policymaker panic, and should that be were the markets stop panicking . Michael i think thats a real good point. Coming fiscal policy was under way, we knew Monetary Policy was coming our way. The two working together in a cohesive fashion i think it reassuring to the markets. You are seeing some evidence of t
We all agree it will not do much. The economic problem is much more on the fiscal side. The focus needs to shift on to fiscal stimulus now. More coordinated policy response. An all of the above strategy. It is critically important we do that. Dont bicker and argue about doing payroll taxes or paid family leave, do them all. This is what the market needs to see, fiscal policy makers starting to panic. Markets stop panicking when policymakers start panicking. And starting to appreciate the urgency of the situation. It took until the last few days for that to happen. Here we are now. Jonathan what a week its been. Joining me around the table, collin martin, gregory staples, and michael buchanon. Michael, i want to begin with you. The Silver Lining at the end of a brutal week for many of you out there, i know. Finally, do you start to see the policymaker panic, and should that be were the markets stop panicking . Michael i think thats a real good point. We knew fiscal policy was coming our