Outbreak in the u. S. , but new jersey reported its worst day yet. More money for Small Business as the treasury secretary and lawmakers signal additional funds will be allocated for the Small Business program, which has seen enormous demand and m. G. Firms from exxon to halliburton may lay off workers in light of the economic turm l turmoil. Well speak with the ceo of verizon about the companys effort to keep students informed while they are away from school. And the ceo of state street will join us. We have details on the Small Business relief meeting that is taking place this hour at the white house. Mike santoli is tracking the markets fading gains this hour. Ka kayla, first to you on breaking news in washington reporters are entering the roosevelt room right now where President Trump and his economic advisers are set to host a Virtual Meeting with a slate of financial industry ceos to talk about what they are doing to assist Small Businesses. The list of attendees includes some of
Falling 973 point, but the real damage was done in the small caps which got a lot smaller today. The small cap indexes, you name it, you can throw a dart and hit one, it was down 7 to 8 . Small caps on concern of the domestic economy taking it on the chin you also have to look at the big banks. Big bank stocks also in the red. You heard the gang before just talking about it and also focus on boeing. Boeing losing another 12 today. Another very difficult day for boeing and the airlines in general. Just a reminder, we of course, at 5 00 will be monitoring that White House Coronavirus press briefing when it occurs, if you have marketmoving headlines or headlines that you need to know, we will bring you into that as always, waiting for it to begin and well dip in once or twice during the show, as well welcome, everybody as said, im Brian Sullivan and we have a great trader panel we have tim, karen, dan and guy. The gang is all here, and karen finerman, i want to begin with you because i kn
To stay at home in this process and what were doing here will continue until at least may 1st. At least may 1st. San franciscos mayor london breed extends the shelter in place. It aplace to San Francisco, mariner, ail mitta, contra costa, and the mayor says Public Health officials will have more details tomorrow but wanted to ease concerns from anxious residents by announcing it today. Looking for more experts in respiratory care, more technicians, administrators, doctors, nurses. We are calling on you to step up and step in. California has created a new health corps, a platform to match workers to facilities. Governor newsom is calling on recent retirees or nursing or medical students about to graduate. Officials believe the state will need 50,000 new hospital beds by mid may as well. Le laguna hospital has 11 positive cases two residents and nine Staff Members. Today San Francisco mayor london breed said the situation will escalate. The nursing and Rehabilitation Center owned by the
They just reported an increase of 9 cases. Santa clara has 848 cases. 53 people have died from coronavirus. There are four cases in mendocino county. One of the patients has recovered. Theres at least 42 tests still pending. Lake county hasnt had any cases yet. They say 82 people tested negative. The massive nursing home owned by the city and county of San Francisco is in a Coronavirus Crisis. The number of residents and staff that tested positive is growing rapidly. At the same time governor newsome is moving forward with a plan to move patients into nursing homes. He found that nursing home advocates are understandably very worried. Im at channel 7. The campus is not open for media right now. Laguna honda nursing and Rehabilitation Center is on lock down. The Coronavirus Crisis is growing there. Nine employees of the hospital have tested positive as well as two patients. The mayor said today the widespread testing is underway. The centers for Disease Control and state department of P
You are watching cnbc. Lets get right to the markets and look at how your money is setting up today. The dow would be implied just about flat that is a weakening there. Margining declines in the s p and nasdaq a bit of volatility returning to the market now up more than 20 since the march 23 low just more than two weeks ago at this point. Take a look at the bond market we are seeing a little bit of a bid on that side of things pushing things to that side. Just a hair below 25 basis points or. 25 and a little below. 75 or 75 basis points there. Lets go worldwide matt taylor is in singapore and Julianna Tatelbaum is watching the Early Morning trade of european forces. And well go to the opec plus meeting and Frank Holland is here with the coronavirus headlines. Matthew, well start with you. Thank you. We did see a firmer trading session. Before the final session are either closed on friday and monday for the easter break. Japan was the exception flat at the close. We had the nikkei down