Manufacturing. Theres modifications and they will come in in a week or so and im confident we can get through this. Governor newson said he was unaware tesla had resumed operation saying that could happen next week. When asked if the company should be sanctioned, the governor replied it would be a county response. In the extent that there regulations are being violated im sure the county will follow up. The return to work playbook said the social distancing and employees staying home when sick and shutters shuttles will carry half the amount of people. They will use touchless places and the employees will do daily checks. They will not host large meetings and do temperature screening. They will carpool to work or take public transit. Its difficult for me that hes taking that stance. Reporter an agreement was just about in place for a may 18th reopening. To tesla wanted some workers to return earlier to prep car parts. I dont want everyone arrested that hes not putting us in a situation
Resolved as soon as possible. They said that they have collaborated in good faith with tulsa to address the safety concerns with the thousands of employees. Tesla is charging production clearly violating the Public Health orders workers and semis caring electric cars were coming in and out of the plant in fremont and the parking lot was full. And in response the county officials said that they notified tesla and they could only maintain asic operations until we have an approved land the hope that tulsa will comply without further enforcement measures. Tesla is restarting production today and we will be on the line with everyone else. If anyone is arrested i asked that it is only me. Do i want elon musk arrested . Absolutely not. Do i want his employees escorted out by police . No i dont. Reporter Scott Hegarty said that may 15th was the target date for tesla to reopen. General motors and ford plant to reopen in the United States, tesla wanted workers to return earlier to prep car parts
Opecs cuts may be draining the glut. The bank of japan prepares for unscheduled talks as the coronavirus keeps extra pressure on the economy. Help for Small Business tops the agenda. Downside are seeing a start to trading on this final friday session of the week. Overwhelmingly, the concern over these escalating tensions between washington and beijing, and now also, beijings expected move to impose the National Security law on hong kong and we are watching, in particular, the start of mainland trading as well as hong kong trading and trading in the hong kong dollar but in the meantime, we are seeing a downside view when it comes to nikkei futures as well as kospi. Sydney futures looking to extend losses of. 4 in the previous session although we could expect to see some modest gains when it comes to the Energy Sector given the gains and that story when it comes to the continued rally in oil prices. We are also watching trading in new zealand. We had retail Sales Numbers out in the last
With comply. Ceo, elon musk tweet, we are continuing production today. If anyone arrested i ask that it only be me. Do i want elon musk arrested . Absolutely not. What i want is a situation with cooler heads prevail. Reporter may 18th was the date originally to open. To say excitant their modifications are being allocated i would thing that almedia county is the first to check in with. Reporter the came gathering support from secretary steve mnuchin. Reporter strict were guidelines at the plant have been put in place, including masks to be worn all at times, sanitation stations stations andplexy glass paratitians. Reporter partitions. Frank and julie. Tomorrow, Governor Newsom is expected to offer guidelines about how restaurants in california with reopen safely. Its how to protect Employee Health plus, rules on sanitation and disinfection. The director of San Franciscos golden gate regulation wants to see clear guidelines with specific regulations. Are there going to be masks on every
Lets get a quick check on the markets now. The s p 500 is not doing much, down just a point. Data,ing the disinflation the 10year yield at 70 basis points. Not much movement. Grubhub,ng a bid for according to people familiar with the metal. Restaurant brands international, the ceo just on tv making a bid for resuming business in china. Lets get a deeper dive into todays market action. Taylor take a look at the vix. You are seeing an extraordinary come down, down 17 points in the last month or so, now allow 827 handle, the lowest since february 24. We know that the fed will be buying etfs. With that, fear is leaving the market. I want to take a look at the balanced budget, or the lack of balance, that we will get around 2 00. We are looking at what could be the first april deficit since 2011. The tax deadline was extended to july 15, and all of the massive stimulus put in place will make what could be the first budget deficit that we will have in april, going back to 2011. You mentioned