A chance to spread. So let me give you a closer look. Actually, well go right to governor gavin newsom. I started talking about what b. C. H. S. Would be doing a week after fanny and freddie and the folks put out the new guidelines. I realized quickly i was not only confusing him, i was confusing myself. This whole area of rental protections and issues of evictions can make your head spin. Particularly if youre just someone who wants to know what the heck is going on, and how can i avoid being evicted from my home because of the impact that covid19 has had on my job, my capacity to make ends meet. And so in an effort to try to make sense of all of that, im going to try to make sense of what the state of california is doing in releadership to what housing and urban development has done in relationship cdc hao National Guidelines on evictions and forecasts. But really lay out the strategy for this state pursuant to a bill i signed close to midnight 48 hours ago that we believe will prote
We can get above that 200 day. I have to tell you, once again, what causes a decline its always the banks. Why the banks . Because we cant value we cant value them because we dont know what their future loan losses are going to be. I think that the feds chilling statements made for a tremendous confusion because, remember, weve been skating everybody has been saying how can the market almost bet a its high the answer is because we dont have any data. No real reports that contradict that i didnt like the nike quarter, but people already apologized for that it is the banks and, once again, when i think of the banks an article today about credit cards and how people arent taking the big credit cards with the 400 and 500 fees. David, the credit side continues the buyers jim, that is really interesting to see when we start to get the earnings where the focus of investors is. After the close we get jeffries. Investment banking not overry large but what will be interesting, jim, im sure well
Sit on the brink of bankruptcy this could be just the tip of the iceberg. Kelly, meantime, over to you as more thanhalf of states in the u. S. Get ready to lift lockdown restrictions, could the biggest risk be no one showing up bob has more on this question. We have been talk about this the last 24 hours. Efb kn Everybody Knows the possibility there could be another wave of secondary reinfections that and might force states to close. A lot of people are talking about the fact it will not roll out the way every one thought if we have a relatively successful rol role he said he questioned the about how big the roll out will be he said people will not be flocking to bars, restaurant, mooe mooe movie theaters in the way he hoped. Theres a lot of good news and bad news out visa said they were hit hard by downturns of travel, fuel restaurants, entertainment they said theres a big surge in online spending. Whirlpool said 2020revenue will decline 13 to 18 . They said consumers are buying freez
White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Month. Regents financial down 18 just catastrophic week this is a week chicos down 43 the kohls. Gap down 28 these stocks have been cut 50 or more in the last couple of weeks. Utilities another sector look at plain old run of the mill electric power companies. Regulated e lelectric power company. Believe it or not, this is a calmer week than it has been in the prior three or four weeks. The volume is about 30 lower than prior weeks the intraday swings are two to three below. The vix is below 50. We were 80 three weeks ago guys, i take no solace in saying were down 2. 4 on the week. In terms of all the craziness we saw two and three weeks ago, this is calmer a month ago i would have thought myself crazy to say that but it is true. Back to you. I think you should try out the vest, bob, thanks. Lets get over to steve who is digging into this devastating payroll plunge as tons of americans are left without work during this pandemic kelly, i got to advise you and tyler to save your adjectiv