Bit of the rising yield. 65 basis points on the 10year. Throughout the day, i think my theme has been trained to gauge investor sentiment. Maintains, stocks can these high levels. If you go up to 1 or one and a quarter, he has to massively rethink his price target. Then you get to the relative trade. Of course, earnings yield lower than the 10 year treasury at the moment. But if it starts to climb a little bit, how does that affect the relative value . Caroline we have had that sort of worry. Mike wilkins at Morgan Stanley also saying, we are worried about rates going higher and what that would mean for stocks. Whiting is still with us. This week, we get a little bit of messaging out of the fed. Are you expecting to hear anything out of powell or any of the other members that would give you a better assessment of where Monetary Policy might go . Steven it is possible. Chairman powell has been relatively quiet about healthy Federal Reserve might adjust its framework for achieving its in
Spoke to the lead of a new testing task force. That the testing space has been a challenging one for us, and i own that, and i have a responsibility as your governor to do better. Governor gavin newsom confirmed over 126,000 people have been tested. And 13,000 of those are still awaiting results. Staggering numbers that led to this announcement. A state partnership with two california universities and a task force. A new partnership with uc davis and uc san diego to create a minimum of 5 to 7 hubs. Reporter leading the covid19 test task force, Paul Markovich president and ceo of blue shield of california, and dr. Charity dean, assistant director of californias Public Health department. Markovich wants to make sure anyone in need of a test gets one. Set a goal to get to 10,000 per day for the next two weeks to 25,000 per day by the end of the month, and by the end of the summer this august the capacity of 50,000. Reporter an increase in testing will hopefully mean a decrease in deaths.
Backlog, lot had to do with the commercial labs stepping up. We congratulate them for good work. Newsom stanford has developed a test. And website to post medical supplies to be donated or sold to support the response to covid19. Governor newsom issued executive order prohibiting sellers to increase prices more than 10 on food, necessaryedpp lies. Will be in place fore months. Can charge violators with a misdemeanor. More on numbers now. More than 278,000 confirmed covid19 across the united states. More than 7,100 people have died. In california, more than 12,000 people have tested positive for covid19. 265 coronavirus deaths in the state. 11th staff member has tested positive at San Franciscos laguna honda hospital. Increases total cases at nursery home to 15. California has delivered more than 41 million n95 masks to Health Care Providers statewide. Hearing of large spike in hate incidents against asianamericans, website launched by Planning Council received over 1,100 reports of dis
Very strong downpours and as we go through santa clara, cuperti cupertino, more rain through saratoga and up towards fremont, fremont boulevard into newark, looking at a pretty soggy start to your sunday. Pleasanton and livermore, 580, rain. Lighter rain through berkeley, kensington and richmond. Heavy showers from napa, moving into around American Canyon highway 12, just over the watter there, highway 37, sears point and very light shower activity scattered from guerneville, through dylan beach. Santa rosa is quiet. Light to moderate rain today, storm impact scale of one. A chance of a thunderstorm, gusty wind. At 10 00 we have heavy rain in the north bay. Through the noon hour it sinks south and east and were looking at a soggyernoon from1 00, more ewnast bay, a break later on this evening into the overnight hours, but weve got more rain for your monday. Well detail that in a few minutes. Liz . Thanks, lisa. As of this morning, close to 90 people have died of coronavirus in the bay a
During business hours. Now, your health, your safety, this is this morning big promises straight from Governor Newsom, more he testing for californians and help for medical workers. As of this morning close to 90 people died of coronavirus in the bay area and Santa Cruz County with more than 3,500 confirmed cases. San francisco topping 500 cases. Mend siino coun Mendocino County reported four cases. And weve been plotting the cases on this useful draft to see the trend. This includes the bear aay and surrounding areas with a jump in days starting march 1. Its sunday, april 5th. Im liz kreutz. 24u thank you very much for joining us. We will have much more on the coronavirus in a moment but we want to start a quick look at the Stormy Weather were tracking this weekend. Heres meteorologist lisa argen. Hello it, its certainly been a soaker out there. You see the counterclockwise rotation offshore bringing instability and rain to much of california. We go in closer to American Canyon, up to