Merced, orange and glenn counties, bringing the total now to 19. The governor says the biggest concerns are family gatherings and bars. Youre in a bar, moving around, drinking, the mask is off,e clo other rr eaysen counti, gia back theiropenings. And if they are not effective in controlling the virus, the state will intervene. If people are flaunting rules and regulations or throwing out those guidelines, we want to continue to work with our officials to help us enforce that. So we put aside this 2. 5 billion of state money in this budget to encourage andmore enl behavior. Reporter the governor says the state may transfer sick inmates from san quinten to the Medical Center in daley center. In san quinten, we have 1,011 inmates that have tested positive. Those are numbers that came in this morning. Test results are coming back in realtime, so thats a dynamic number chaverylit seems like were taking two steps forward, one step back. If it gets much worse, it might feel like one step forw
About with joe, andrew and becky and the degree to which walmart can post a 74 increase in ecommerce it looks like the big guys won. You basically had them cordoned off as essential services. So many other companies, little companies, medium, small, just couldnt compete this is what happens when you have a survival of the fittest economy. This is darrwin playing out. These numbers are astounding if the stock had not run up every day, i wouldnt know what to do. Add back 60 cents for home depot and before you start selling it thats the costs they said home depot had to keep traffic back they had to hold back traffic because they were trying to do it safely. Walmart had these big stores, they were set, ready, and their dotcom, ever since they bought jet. Com has been amazing they also can do a lot of food these are Great American companies that are on fire the move in walmart is stunning ever since he decided doug mcmillan, who is on squawk tomorrow, decided to creator the earnings in ord
10 , but lets be honest the markets are still down big time this year so cold comfort for investors who may have gotten in toward the end of last year well dissect all of that. One big theme today is the Federal Reserve effectively riding to the rescue of the bond market and even the etf bond market look at the hyg, something we have been highlighting and were going on more than a month now up 7 as well as the fed as it says there goes all in and we are all in with a great lineup for you again. We have guy, tim, weve got karen and weve got steve grasso it is going to be a beg hour we have Paul Macaulay with rare mineral supply chains and i want to get to steve grasso because the Federal Reserve, and i know it is very difficult for the audience out there who is not doing this every day to keep track of the alphabet soup of acronyms the Federal Reserve came in today with another 2 trillion program. Did they effectively bail out a big part of the etf market yeah. I think they did so the f
Achieve strong Sustainable Growth and safeguard against downside risks. The group offered no specific actions to combat the virus. How disappointing was that look, i think this is the same problem, central bankers are dealing with a biological problem that is then going to spill over to economics, probably means fiscal help what are we talking about here lets talk about restaurant closing, malls closing how about the people who work at the places, thinly capitalized companies that are supposed to pay these people Steve Liesman i worked with him this morning, excellent drop in there, par suited into their office one point the Federal Reserve was saying well stand back behind people whose insurance for instance isnt paid off for a hurricane. I think that its up to treasury and incumbent upon treasury to say were going to work with Small Business, if you have a problem, you can come to us, because thats where the real pain is going to be. We dont want the only retailer to be walmart when
Its the first time anyone ever said that to me. I said who is this guy hes the governor of iowa. He just said dont say bad about china. So i had to rip up about half of my speech. Right . I said why he said we do a lot of business. Ive been dealing with china for 35 years with corn and Different Things he told me a story that was amazing. 35 years ago when i started, i met a man named xi he wasnt president it then. He was a young man and the governor came back he told his wife, he said this is 35 years ago and its documented. He said, i just met the future president of china and nobody thought much about it you know what . 28 years later, you turned out to be right. And you have been an incredible ambassador and they like each other so much so when it came time to pick the important position of ambassador, i said havent you had enough after 24 years being governor of iowa he said if you want me to do that, and its been a great youve been a great help thank you very much, ambassador. I