Stay above the bankruptcy waters. Imax which counts amc as its biggest u. S. Partner, is watching closely. A fox business exclusive with the imax ceo on how hes focusing the lens of his company for the unknown. Plus we will ask him when does he think chinas screens will light up again. They tried to open them, then promptly shuttered them in china. We will ask rich that. And businesses big and small tapping government loans to stay afloat but what about all of those mom and pop microbusinesses desperately trying to survive . The godaddy ceo with us on saving millions of his web service customers. But look, we have green on the screen here. Markets betting the economy is about to get its engines revving again. Whether thats true or wishful thinking, tech is driving a robust rally with the nasdaq poised to exit its bear market hibernation. All the nasdaq needs to see is a gain of just over 40 points. Could it happen with less than an hour to the closing bell . Got to stay with me. Lets s
Now, more on the coronavirus outbreak with the Connecticut Governor who discussed the late bearishness the preparedness in his state. 36 testing positive is slightly higher, but that is a number that goes up and down and we will talk about why that may not be the best indicator. Me, you seerest to the 79 people hospitalized. That is a number that is going up not exponentially but going up on a linear basis which is i think good news. 17 fatalities is never good news. It is a number that is not going up exponentially. Plan,ives us capacity to that is following our modeling. I start with our Health Care System. Our Health Care System is bending but not breaking. We did build up capacity in terms of everything we are trying to do. That capacity in terms of other briefings in terms of beds, people, and terms of icus, we are planning accordingly for what we have to do. This allows us to plan even more. Capacity is important in terms of the other functions we are performing in the state as w
A new global milestone. Saying its. The pandemic is feeling anti asian racism and the United States. And austria joins 3 other European Countries in making the wearing of masks outside the home compulsory. Fellow is growing numbers of people follow the advice of governments and stay home cities empty and businesses shut up saw the rapidly spreading coronavirus continues to yield a bleak string of statistics spain has marked another record high 864 more people dying in the past 24 hours while infections pasta 100000 its hope though that the peak might have been reached and the World Health Organization says the number of deaths internationally has doubled in the past week and in the next few days the 1000000 infections mark should be passed wall street slumped on the news that the u. S. Should be prepared for as many as 240000 deaths the jones closing down near the points or 4. 4 percent and a further 563 people have died here in the u. K. Its worse daily death figure and 2000 Frontline
I want to give you an overview of where we are today. We are going to do this in a little bit of hyperspeed, because the president is going to do a press conference soon, and i would like to give you a state overview before it. Context is important. Remember for everyone what we are trying to do on the overall management. The bottom line here is very simple. The number of coronavirus cases we have coming in to the Health Care System has to match the capacity of the Health Care System. That is what this whole conversation has been about from day one. They keep talking about the curve, the curve, the curve. They are trying to say is the in thethe increase number of cases, has to be reduced to a rate of admission that your hospitals can handle. And right now we have 53,000 hospital beds, 3000 icu beds. That is what the entire country is doing. That is what the federal government is trying to do. What is the particular problem here . That this is a respiratory illness. The people who come
Heres governor cuomo. Governor cuomo good morning. And sherryk right this morning. Its good to see. To my right, the head of empire college, our our Health Commissioner to my left, secretary to the governor to her left, budget director. Which noneituation of us have ever seen before. It manifested itself in many different ways. Theres economic anxiety, people are out of work. What does this mean . Unemployment will it cover the bills . The isolation, fear of the unknown, misinformation, put it altogether, it is very disorienting to say the least. If you are feeling disoriented, its not you. Its everyone and its everywhere, and it is with good cause. H good cause. Today is saturday. You know how i knew today was saturday . Because my alarm clock said saturday when i woke up. Around, itdrive doesnt seem like saturday. Saturdays a day people are off were except that people off work yesterday. Saturday is a day traffic is lighter, but traffic was lighter yesterday. So it is literally oneda