Shortened or extended. When you do go out, you must practice social distancing. Basically stay at least six pete feet away from people, and as rod mentioned, social gatherings are prohibited except for six feet distance. There is a mad rush at the Grocery Store. Were seeing that tonight. Lets bring in ian cull. Tell us what youre seeing. Reporter were at the market in edgewood, but it could be any store in the bay area. This is the store ive been to. The viewers are really reaching out to us. Were going to do a little walkthrough. The pasta aisle is basically empty. You might be able to get some lasagne noodles. Meats mostly out as well. There is a lot of fresh fruit that people seem to be stocking up on, but theyve got a good supply here. Potatoes, running low on those as well, and onions, even, as well. One of the things, though, that theyre running out of a lot is the foezrozen food, the frozen dinners, the pizza, unfortunately, one of my favorites, then the meat as well. This is th
Firefighters have tested positive for the coronavirus. 57 who have been exposed are being monitored. A live look at sfo this morning. Americans are scrambling to return to the u. S. This is from europe. President trump is extending the travel ban to the uk and ireland to try to contain the spread of the virus. The number of confirmed bay area cases is growing. Here are the updated numbers by county. Within the past few hours ten new cases were confirmed in San Mateo County bringing the total number there to 42. And now that includes one death. There are also three new cases in San Francisco, bringing the total there to 40. Santa clara county has the most by far with more than 100. Gilroys mayor announced overnight one person there has died from the virus. Were still not sure if this is one of the two previous deaths announced in Santa Clara County. Meantime there are nearly 165,000 known cases worldwide. The outbreak has killed close to 6,500 people. With coronavirus testing expected t
Now. Maria we want to check Global Markets this morning, european indices all over the place this morning following the u. S. Central Bank Stimulus package. London shut down, some of the mass transit lines in an effort to contain virus. Ftse 100 is down 12 points right now. Dax index in germany right now up 21. In asia overnight it was red across the board. Take a look. Korea getting hard hit down better than 8 overnight in korea hitting levels not seen since 2009 even as coronavirus cases are dropping in korea. As you see the other majors are also weaker. Lets check the oil markets now. Seeing a rebound this morning after 18year low. As you see oil prices bouncing 250 a barrel at 22. 87 a barrel. Yield on the 10year treasury hovering above 1 . Yields are bouncing once again 1. 92 on 10year. Investors certainly gearing up for another wild day this morning in terms of volatility. Lets check futures. We are expecting another tripledigit decline. The nasdaq is down 35 and s p 500 weaker b
Bond yields moving sideways. We need them to be cheaper. We are going to test 1 . A lot of things have to go incredibly wrong to get down to 1 . 1. 2 on the 10 year, we have to be looking at a global recession. I think that continues to weigh on the u. S. Economy. The fed will have to come back and ease again. The fed is going nowhere. There has been a tremendous shift easier across the landscape in 2019. How can that happen in 2020 . It probably couldnt. Lisa everyone ganging up on bob michele. Joining me around the table is Marilyn Watson of blackrock, matt orbach of Morgan Stanley and Subadra Rajappa of societe generale. I want to start with you, maryland. That we have some condors of a trade deal, that we will see tenured treasury yields lead her into next year . Thelyn we have to see with details are on the phase one trade deal, how much they will roll back next year, the impact for the rest of this year. It would reduce some of the headwinds if we see more stabilization. But i th
Reporters. Abigail, get us started, please. Abigail that divergence you were talking about, the major average slightly higher on the day, that stands out. We have a different situation with different indexes on the week. The s p 500 up for a third week in a row. The nasdaq outperforming this week, but one piece of underperformance is the faang complex. 0. 25 on index down the week. Down for the second week in a row. Index stuckhas this in its own way. Heres a longerterm weekly chart of the faang index. We see these beautiful gains until the end of 2018 when the volatility started. The 40 week moving average in yellow, that is the equivalent of the 200 day moving average. It is hard to see the markets overall climbing too much higher, though that has been happening. It will be interesting to watch how this plays out. Right now, the faang stuck in this range, taylor. Taylor you are stealing my faang, so im going to steal your sauce. This has been outperforming that s p 500 for most of th