Rain over the weekend, kari. Yeah, we had quite a bit of rain especially for much of the south bay, parts of the east bay and now as we look outside in San Francisco were getting a chance to dry out, still some showers very close by just off the coast. Ill be tracking that with an update on our hour by hour forecast coming up in a few minutes. An early look at your morning commute with mike. Thats right, kari. On the maps we see the weather index shows 101 heading down south san jose. You might have slick roadways so be careful out there. Overall green. Minor crash north 17. Talk about changes for transit in the next report. Mike, thank you. Tracking coronavirus cases across the country more than 337,000 and nearly 10,000 people have died. Here in the bay area there are 3,600 confirmed cases. Santa clara has onethird of the overall total and 89 people have died here in the bay area. On capitol hill americas Top Health Leaders are warned this could be the worst week ever when it comes t
They are warning the us economy could shrink a 14 in the Second Quarter. Thats coming as the Federal Reserve and global Central Banks across the world announce measures to offset the injured Economic Impact of coronavirus. Join me right now to talk about all of that hank smith. Hanks thanks much for weighing in today we appreciate you joining us, what are you doing in your portfolio in the face of all this . Well, first of all, we are not panicking. We constantly communicate with our clients regarding their asset allocation, we also, for a number of years have always recommend to have enough cash to meet spending needs one year even up to two years out. So, in an environment where you own both stocks and bonds, now is the time to start looking to your adding to your equity positions because that allocation has come down due to the obviously to this bear market. It is a pain trade for sure, but over the past six years, the opposite was equally true where we were trimming equities becaus
We will leave it this way. Alright. I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . For about 20 years or so, you have been the wealthiest man in the world. But because you have given away so much money recently, jeff bezos became wealthier. Do you think if you had stayed in college and gotten your College Degree [laughter] i mean, you dont feel inadequate now, being only the second wealthiest man in the world, is that right . Bill it is a sign i have not given the money away fast enough to drop out of the top 10. And, you know, the market has been strong. [applause] david actually, the market has been strong. Microsoft is up 35 this year. So to what do you attribute that . Bill the company is doing super well. Satya nadella is a great ceo. You know, the whole dre
I want to just talk very briefly about two or three things. First the issue of testing and how that has changed the complexion of the approach well be able to take. Testing was an issue. We had many questions of testing in this room for a number of times. Now that we literally have hundreds and hundreds and thousands of tests out there there are a few things we can do with that one of the things when we make policy poll what well do with the rest of the country particularly areas that are not hot spots, we need to know what penetration is there. We have to act policyize on data. And were going to be getting more data, a lot more data. The other thing is, that the areas of the country, not hot spots, not going through the terrible ordeal that new york and california and Washington State are going through, they still have a window of significant degree of being able to contain. In other words, when you test, you find somebody, you isolate them, you get them out of circulation and you do
Some of the democrats wish list has been taken out but the Kennedy Center for performing arts still gets 25 million and there is a provision which limits the response of Small Businesses to union action. Surely at times like this we should be able to pass a clean bill without measures that have nothing to do with rescuing the economy. It is a 900 page bill. We are still going through it. We are looking for the pork. Now look at the markets. There is virtually no reaction to those really bad jobless numbers. We will open with a very small loss, maybe go to the plus column at the time we open up. Right now we are looking at a 57point loss, 67 points for the dow industrials. Remember, please, this follows backtoback trading sessions where stocks went up. Some think that is a sign of at least a shortterm bottom. Well see. Again, the dow is now down 70. S p down 13. Nasdaq down 21. Lets get to the virus. 200 americans have died in the last 24 hours. The death toll now exceeds 1,000 in the U