Covid19 in North Carolina. 1498 this morning, we have confirmed positive cases and unfortunately, this virus has now taken the lives of eight north carolinians. As a state, i know we are keeping their families and loved ones in our prayers. Our stayathome order is in effect now. I know it is hard, but prevention is still the single most important thing you can do right now. Prevention. It means maintaining physical distance from each other. Washing hands, coughing and the elbow, though simple things. They are simple, but they can save lives, including your own. It is vitally important that everyone take this order seriously and obey it. Dont let your guard down. Staying home slows the spread of this illness. It lets our hospitals and Health Care Workers keep up with the demand. If we dont slow the curve and slow the spread and flatten the curve, our medical system will be stretched beyond its capacity. You only have to turn on your tv or glance at your iphone to see what happens when h
Reasonable as we have to store all this. Saying 10unbelievable decimation of tt commodity right now. Guy absolutely. You bring up the btp market. There is a lot of moving parts around the btp market today. Ly we saw yield spike yields spike to the upside. There was speculation the ecb was in the market. The big story has been the european governments considering using the european stability mechanism to extend credit lines to countries including almost certainly italy. There is an issue with this. Activationesm usually comes with some degree of conditionality. Clear theyaking it would be unacceptable to have any conditionality around it. Prelude toement is a the omt from the ecb, which would be the big bazooka from the ecb. Holly raines has been talking. His afternoon there is potentially more to come. Huge moves in btps. The pound is trading your 1985 lows. The bloomberg dollar index is getting very close to an alltime record high. Lets talk about what is happening specifically in the
All of this out. Stocks are in and out of touching 7 fall i dont have that would trigger another Circuit Breaker. At the worst we were down 6. 7 . Now down about 5 1 2 . That translates into a dow barely above 20,000. The same drama, surreal one continues to play out across the country. I want to show you what is happening this is new yorks times square, this has been pretty much the youre not seeing many people drawn to the crossroad of america, among some of the busiest thorough fares on the planet. Youre seeing similar situations play out in seattle, washington. Youre also seeing it play out in the likes of hoboken new jersey where the mayor there has, is saying that people should go ahead and obviously selfquarantine themselves, if you will, or selfisolate. New york Governor Cuomo by the way has distanced himself from new york city mayor de blasio who is advocated an across the board crackdown, a lockdown here, that would call for pretty much everyone, at least in manhattan, at lea
So nbc news now has obtained a onepager, in effect, laying out the stage 3 proposal key terms. Thats the mnuchin proposal for about 1 trillion in stimulus and economic backstopping. Heres whats in it, as were going through it in realtime the Airline Industry gets a secured Lending Facility of 50 billi billion. Theyre saying it would be secured by lateral thats specified by the Treasury Department here. Other severely distressed sectors of the u. S. Economy, thats 150 billion. This document not specifying what other sectors might be included here, but theyre saying that it would authorize use of those funds for secured lending on loan guarantees to assist other critical sectors of the u. S. Economy, experiencing distress here. Also, theyre going to temporarily permit use of the Exchange Stabilization fund to guarantee Money Market Mutual Funds. What treasury is saying here is they will temporarily suspend the statutory limitation on the use of Exchange Stabilization fund for guaranteed
As effective as the other pit the other is very effective, of things i havent seen in the very accurate. Last few days, but we have reserves to the department of never seen it this uncrowded. But were going to see if we health and Human Services for smart train has canceled some can do a self swab which would distribution. The first 1 million mass will service but they are still be available immediately. We are also prepared to distribute to nhs up to 2000 be a lot more popular i can deplorable ventilators for use tell you that. As needed. Yesterday was at fort dietrich, marylandwhich is probably the running and likewise for most bay area Public Transit and that would be administered systems. If you have to do essential also by a Health Official but business, you can do it using Public Transportation and there it would be a lot easier to do. Is plenty of room so you can do the fact is that the Health Social distancing which is of course what we are doing here at ktvu. You may see us st