It is thursday, april 8, 2020. You are watching cnbc. Good morning, we begin this morning as we have for weeks, breaking news and a futures market searching for some direction. This now, can you see the dow jones down by 70 points, the s p around 10 points and nasdaq around 27 points relatively stable. Indicating the volatility weve seen as of late can continue after equities staged a major come back most of the day yesterday before wiping out a more than 900point gain to end the session slightly lower check out the bond market to the down side implying people are buying up some safety on that debt twoyear note yields below ba. 2 or. 72 . Thats the bond picture. Oil prices bouncing back on renewed hopes of a coordinated output crude oil prices wti benchmark prices 3. 5 to the upside ice brent crude up half a percent as well. 32 the figure there the last trade. Wti made a sharp move around 9. 5 investors worried any move will not outweigh the global overproduction going to matt taylor i
Operations, including payroll and rent to coop the doors open. Expanded unemployment benefits. And training dollars for dislocationed works are included as well. We know that theres additional assistance for food banks and s. N. A. P. Benefits for the most vulnerable citizens and also additional funding for child nutrition programs to make sure that our children still receive meals while theyre not attending school. Rest assured that all of our state agencies are combing through the bill to make sure that we identify every bit of funding and assistance, flexibility, that we can take advantage of, but let me just say were very grateful to our congressional delegation for the work they did in helping to get this important bill passed. As i just mentioned were in the process of studying what the bill contains for louisiana but we know that louisiana is estimated to get 1. 8 billion in direct federal aid from the federal government. We have also been led to believe that the funding could b
South bay. That is right. I am tracking the clouds, i am tracking colder temperatures. Low to mid 50s as we start off the day with a live look with our Treasure Island camera with those clouds this morning. Now, high def doppler showing quiet commissions for the bay area although to our east and south, you can see those showers. So, a low pressure system is going to push inland bringing rain to central and Southern California on the south bay, you could see spotty shower as we had through our day. Daytime highs will be seasonal if not slightly below average. 64 a high in San Francisco. 62, oakland. 65 for concord. I will show you future cast as we head through our thursday coming up in just a few minutes. Lets check in with gianna for a look at traffic. Good morning. Weve got some roadwork to look out for this morning. Right around the highway for connector. If you are out and about this morning, you might run into some intermittent lane closures. You can see alive look here 688 at mai
Documentaries online, studentam. Org. Next the World Health Organization holds a briefing on the coronavirus outbreak. We heard about social distancing, how closing schools and canceling sporting events can slow the spread of the virus. This runs one hour and 10 minutes. Good afternoon, thank you very much for watching a regular press conference whether you watch it on the Youtube Channel or you are watching, today we have the director general and doctor molinaro the chief of supportive logistics and doctor mike on the phone to answer some questions. Two small announcements. The Business Continuity plan has been activated in order to deal with Public Health guidance as well as to deliver on its mandate, they are performing functions through teleworking arrangements. This functions can only be performed on site with access to this campus. There will be no immediate presence on the compass to date. It will continue to provide normal services. Our regular briefings will be Virtual Press c
Today the Circuit Breakers were down 7 . A day where oil had its first decline, down 31 . The treasury went below. 15 a record low which tells you the bond market is terrified its also a day where you probably lost a lot of money its probably what happened to you. Thats because, of course, the dow plummeted 2014 points. Its worst point drop ever. The s p plunged 6. 7. Nasdaq 2. 159 now the dow was at 2. 14. It lost that much. Okay it happened. What the heck got us here . Where do we go next . First todays sellers fear we are going into a coronavirus induced recession and theyre trying to get out of other people who want to sell. Just trying to get aahead of them that may sound fanciful that we had six cases in this country and 22 deaths. In the end, it seems like a super food than the playing. As the president tweeted earlier, 37,000 americans died from the flu last year yet nothing is shut down life and the economy go on, end quote. But the marks were not reassured, not the bond marke