Says the economy will take off quote, like a rocket ship when it reopens. The questions, though, are when will that be and what will it look like. The market is asking those very same questions as it searches for direction this morning. More green on the screen but again, markets want to know how much economic damage has been done. Meanwhile, moodys says economic output fell a staggering 29 in the first week of april. That is compared to march. That is the first full week of true social distancing rules in place across the country, and that was the result. Down 29 . The other big story of the day, the w. H. O. Is under fire from President Trump. The president saying he may freeze funding to the organization over its response to the pandemic. This is happening as we get more clarity on what may be in a fourth stimulus package. President trump wants 250 billion more for Small Business. Senator schumer wants a 25,000 bonus for front line heroes Like Health Care workers. And we also have s
I have two young children, so the sooner that this can pass, and we get back to schools opening, and things like that, and this mitigates things, then yes, by all means. They also want to remind you that a mask is not a replacement for social distancing and sheltering at home. Instead, the mask serves as one more step toward the new normal. This will also help us in the future and also now, as we hope to be able to relax the stayathome order. By then, people will already be in the hablt of wearing Face Coverings. Reporter the order does go into effect tonight but theyre not planning to enforce it until the middle of next week, to give people time to prepare. In San Francisco, christie smith, nbc bay area news. Thank you. So if you dont have a mask yet, we made it easy for you. Our consumer investigator chris chmura put together this video on how to make one in about five minutes. No sewing required. You can see the diy tutorial at nbc bay area. Com. Well, startling new information out
Santa rosa police today about the citys shelterinplace order, the chief of police said they are about done issuing warnings. Its important to mention these citations come with a hefty price tag of up to 1,000, up and to 6 months in jail. Back to the mask Face Covering thing. Always raises a lot of questions. When should you be wearing Something Like this. Theres the mask face coverage distinction, and why in some maces and not in other. Were going to try to answer some of the questions this raises coming up tonight at 6 top headlines on the coronavirus pandemic, the death toll in california is now on 1,000. Governor newsom said 95 californians died yesterday, the highest number since the pandemic began. Big names in business are teaming up to get californias economy up and running again. Bay area ceos, the former fed chair and former governors are among the members of a new statewide recover task force. And were learning what it will take to reopen the country. Experts say testing in t
Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe even show up in the next si
Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe even show up in the next si