Restrictions here in the bay area are still very much in place, and discussions about changing that are just that, discussions. But santa cruz did give us an early look how people might react when some of those restrictions are lifted. It was a cold day and a weekday but that didnt stop some people from the bay area from heading to santa cruz after hearing beaches were no longer offlimits. Whoohoo. So excited. I just cant wait to get in the ocean. Really loving it. That excitement is something Bay Area Public Health officials will watch carefully, before considering whether to open similar waterfront s ocean beach in san francisco, pillar point har bar in san mant county or Jack London Square in london. Im told Bay Area Public Health officers are gathering input from numerous sources and want any decision to be consistent from one county to the next. Reopening beaches in part cautiously. If we see large gatherings of crowds we may need to close some or all of the parks and beaches agai
Shares the story of 87yearold new cases. Three bay area cases. Harry, generous until the end. Reporter he lived the the confirmed cases of in a virus of a San Francisco classic American Dream live. He was born in San Francisco in homeless shelter continue to 1932 and ended up growing a climb. 96 guests and ten Staff Members single produce stand into a have gotten covid19. The decision is now made to turn supermarket chain. The shelter into a recovery that wasnt close to hismily sa. Center for Homeless People who have tested positive for the virus. Other people who have not gotten one of his goto favorites, he the businedisease have moved tos walked across the golden gate or other sites. San francisco is keeping people bridge the day it opened on 1938 out of Golden Gate Park tomorrow. Normally, tens of thousands but also on its 50th people celebrate all anniversary. Harry loved the city of San Francisco but not nearly as much and the changes ahead for as he loved his family. My dad was
Jim, its clear that even though we had some constructive things happen tactically yesterday, sounds like you dont expect this bounce to last for long were the most oversold weve been i guess you could go back some people say get some great stuff from mr. Williams who is one of my favorite technicians, larry williams. I want to point out, hes done work which says going back to 1933 this is one of the most extreme panics ever. He wants to buy panics on the other hand, you say whos there to buy i feel that were due for a bounce i dont know how much money there is there is to buy much more stock liquidity is a concern in every aspect of finance, at the same time any time you skip over the Public Health issues, you forget that right now strapped in san francisco, strapped in boston, strapped in new york maybe theres not just equipment. The nightmare is occurring what do we make then of stei stifel looking for a 15 rally, gun gundlach not shorting. Why are there these Little Pockets of not o
Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo
Just as pharmacies are allowed to do. Mayor london breed. A notice today for the parents of some six million children in california. Their Childs School may stay closed for months. I would plan and assume that its unlikely that many of these schools, few, if any, will open before the summer break. In a briefing that wrapped up just minutes ago, governor gavin newsom also said the coronavirus death toll is rising. When asked about possibly calling up the National Guard, the governor says, quote, were leaning in that direction. The National Guard i have called up. We have asked the National Guard to work with us on logistics, mutual aid. Its not just the National Guard. Its chp and others to begin to regionalize strategize solutions and address what we do often in emergencies. The governor also signed emergency legislation, allocating up to 1 billion in fu funding to help fight the coronavirus and to provide money to increase hospital beds, protect medical centers and assist the homeless