Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . Mornings with maria is live right now. Maria lets check Global Markets with ftse 100 in london 236 points, european indices red across the board. Cac quarante down 150 points and dax index down 243 down. In germany Angela Merkel i
The coronavirus in one city the army is taking the dead elsewhere for burial because cemeteries are overwhelmed. Just 4 men are executed in india punishments while gang rape on the delhi bus and put the international spotlight on violence against women in the country. Im told me a logical welcome to the Program California is are being advised to stay at home to slow the spread of the corona virus as infections in the us gov Gavin Newsome says residents have to severely curtail their movements to prevent the Health System from being overwhelmed by 19 patients it falls on unprecedented alert from the u. S. State Department Americans have been not to travel out of the country under any circumstances citizens abroad should return to the country immediately or they will all unless they plan to remain overseas. U. S. Airports are grinding to a halt this empty airport in seattle reflects a nationwide attempt to curb further spreading of the coronavirus instructions to isolate are also becomin
Explain details on what it means grant type am one thing to be clear on here this new order does not mean that the bay areas going to be under a lockdown for the next 3 weeks with everyone. Stuck in hall the legal order only limits activity travel and business functions to what they call essential needs so what is an essential need right you will still be able to go buy groceries. You can go pick up prescriptions you can put gas in your car. All of those businesses as well as banks, well be staying open city and county Government Services like police fire hospitals a lobby open trash will still get picked up Public Transportation will be running. Also Mail Services will go on plumbers electricians will still be working Hardware Stores and laundromats stay open oaklands mayor libby schaff added that the shelterinplace order should give everybody a chance to look after one another. We also encourage you to go out doors and utilize our parks just keep a healthy distance from other people.
Necessary in order to help reduce the spread of coronavirus kron fours will tran. Is following that part of the story for us this morning, joining us live with the latest on how this is going to be impacting. Everybody will. Its already impacting millions of people on the 7 Million People a lot of them are still out and about but lets face it the bulk of them will be at home look at this and we want to give you this great Vantage Point to show you the traffic and to San Francisco. Yes, thousands of cars clearly but the volume nothing that we would see on a normal Tuesday Morning. But people are still coming in because essential services, including you can see the truck driver because groceries and other goods are heading to the Grocery Store. So you dont have to rush. A lot of places have made drastic changes. Let me show you some video all over the bay area. Restaurants, including San Francisco, san jose all across Alameda County. They are either shutting down our drastically reducing
This crisis headon and to address the needs of our most vulnerable on the streets and the sidewalks 50 Million Dollars on top of that for hotel motel conversions and heres the thinking. Were running models and ill just give you. One of those models for the purpose of full transparency over the next 8 week period. We have modeled then of the 108,000 unsheltered californians that are out on the streets. If you had an attack rate. Of about 56 . Youre looking at 60 plus 1000 individuals that may. Have covid 19 that creates a deep. Point of anxiety for the existing population but moreover for our Health Care Delivery system our capacity to move people in and out of the shelter safely without contacting other people in putting them at risk as well. So become good because governor Gavin Newsome expect 60,000 Homeless People to contract the coronavirus in the next 8 weeks. He is also preparing more than 1300 trailers that he just bought today and will install them across the state live in the