Governments 9000000000 euro rescue package for the germany. You know we have run out of money were living from the reserves were set aside in good years without support bankruptcy is looming. The russians have begun voting on constitutional changes that would allow president putin to stay in office until 2036 the president proposed the changes in january and they have already been accepted by both houses of parliament and the Constitutional Court despite yes mr putin has insisted the changes be ports to a ballot the vote which is not legally binding will take a week to complete it was originally planned for april 21st but was postponed because of the coronavirus epidemic. And a massive surprise during the state of the nation address in january russian president Vladimir Putin stumped the country with his plan for constitutional reform. Proposal envisages strengthening the role of the state council as well as expanding powers for parliament and creating new entrance hurdles for presiden
Degrees. 51 to 61, . 51 arose. We have some low clouds in there, so that little bit right there has clouds moving in. Temperatures have dropped off. Santa rosa is also 9 degrees cooler. The big low is on its way for the westsouthwest, that will impact us in the next 24 to 48 hours. Saturday there appears to be some rain. In 10 minutes we will talk about that. So some hanging onto 80s and 90s, but cooler today. So, over to sal and the bay bridge, what do we want to focus on today sal . If you are driving from walnut creek to oakland, it looks good here. We can start with that. Westbound 24, driving over through lafayette very nice. A little sun here, you can see, and traffic is moving well, if you are driving to the Richmond Bridge. It is also looking very good. And we have not had major problems on the freeway with some slowing at that hole plaza. 7 01. Developments about last nights shooting, where five people were hurt. Investigators say five men were shot on williams ct. Just before
New zealand going to issue 60 billion kiwi with Government Bonds between now and next year saying the net debt will rise. That will be in 2023. That is coming out of wellington. Looking at what is happening we have got the australian markets on the way. Of huge ball in the number people out of work but the Unemployment Rate better than expected, down to the dissipation rate their, falling quite drastically as well. That is where we have it. China 10 year bond. We have got yields going back as the price goes up. Risk off sentiment, facing unprecedented threats from the coronavirus and monetary and fiscal policy makers must rise to the challenge. Jay powell pushback talk of negative rates. Is an unsettled area i would call it. There are fans of the policy, but for now it is not something considering. We have a good toolkit. That is the one we will be using. Haslinda joining us from new york is nicole webb from weld enhancement group. So the fed saying not likely to go negative, but it is
Still ahead Teacher Appreciation officials said there is enormous coffee number three or four by week surprise we helped give to hi, hoda, how are you evidence the virus came from a now. Yeah. A beloved librarian. By the way, first of all, shes bringing story time to lab in wuhan happy Cinco De Mayo as well for folks who are celebrating, and life with her kiddos, but first just ahead, the growing calls from around the globe for a wide we love those shoutouts youre as their accomplice, scale investigation. Sending. Keep them coming. No burgers use my today plaza and youll i distracted mrs. Thomas with a slew of questions they are expecting her to some Wendys Restaurants pulling good morning. Come out at 10 00. 8 26. While her fans gathered to one of their most popular items see yourself in the open. Im marcus washington. Plot a librarians dream parade starring mrs. Thomass favorite a south bay fourth of july characters. Yeah, love that. Youve done a different off the menu Fireworks Show
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more