Keep people from mixing with others from outside their household. As these numbers continue to go the wrong direction, he says we are still expecting a surge from the thanksgiving holiday. If we dont act now, our Hospital System will be overwhelmed. If we dont act now, well continue to see a death rate climb. Reporter siding sharp increases in covid19 cases, hospitalizations, and death, governor gavin newsom issued a new regional stayathome order with strict new rules. Back to back days with 113 deaths just in the last 14 days, close to 1000 californians have lost their lives due to covid19. Reporter as of now, all nonessential travel is temporarily restricted statewide. The new stayathome order breaks the state into five regions instead of individual counties. Monterey and Santa Cruz County are included in the bay area region. When and areas icu capacity drops 50 or less, restrictions would go into place for three weeks but none of the regions currently meet the threshold, but newsom
Great to be back and a special honor to be invited to introduce tom wolfe and a huge burden because how does one introduce tom wolfe . One read the economist, of course. Two weeks ago was a wonderful article on literary realism and i will quote as a way of introduction. For use tom wolfe has been lambasting the establishment for ignoring the best story around, their own country. America positively titillate with fantastic stories and get its writers ensconced in their manhattan lofts and residentss cant be bothered to look further than the ends of their noses. This week, a moment in American Literature, he wrote in one of his manifestoes on behalf of literary realism we need a battalion, a brigade of zolofts to head into the wild bizarre, heart stopping country of ours, reclaim it as literary property. The trouble turning yourself into an american is you expose yourself to being trump by reality, better sort of critics are forever lambasting tom wolfe for going over the top, using cart
With a economist. This economyf this contracted for the First Time Since at least 1990 two. A big contraction, more than was anticipated. What is your instant reaction . Robin let me be clear. The First Quarter contraction is not a surprise considering the lockdown in late january and february. Outputch industrial dimension and trade data suggested the supply side in the chinese economy has been on a recovery path. Are first in, first out amid this covid19 recession. We have seen the worst First Quarter followed by a shallow recovery from the Second Quarter onward. The ip data is better than retail sales or domestic data, means the supply side has been largely mobilized with now 90 of factories in china, 40 are operational. Many are back online. That is why we see activity and improving activity improving on the supply front. Bolstering recovery in the next stage has shifted as lockdown in china has been replaced by softer social distancing measures which means people return to work, b
Market rs doing because they did see a significant bounce around about midday when the president said he would be addressing the nation at 3 00 p. M. And with it came the eck peckation that he would declare a state of emergency. That took us off the lows of the session. Were splitting the difference it was up 1339s at the high, 85 and currently 865 points lots to discuss. Straight to eamon javers who is outside the white house. Eamon, what are the key things we might be expecting from this from the president well one of the things were going to be looking for is whether he makes any mention of the bill na that nancy pelosi said hes going to pass as early as this afternoon in terms of dealing with the virus a Senior Administration official told me that the white house still objects to several provisions in that measure will the president embrace it or discard it thats a key question. Lori ann is reporting that Steven Mnuchin was on the phone with speaker of the house nancy pelosi shortl
For hedge funds. The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you back with us on this friday. We have a super sized Investment Committee, josh brown, jon fortt, steve wise, meghan shoe is here, kate moore, also with us today, deproveco lake owes. Lets win with the market stocks as we know by now are lower. It is the move in key areas like bonds that we are watching very closely today. Kate moore, ten year hits 145. The ten i dont remember keeled down 30 to date 30 year yield record low is this a sign that a Tipping Point for stocks is in fact closer i dont think so many things have been affecting the bond market. The liquidity push from Central Banks into the bond market i dont think we should take too much signal from yields today and say at this point we are at an inflection and that equity markets have tosell off as a result everyone is looking for an excuse there is a lot of uncertainty, a lot of anxiety about the move we have ha