The charts are thrown haywire by the fact to close negative yesterday. Trading about 5 today june is at 12. July below 21. All sunk considerably just this week lets get more on the interplay of oil, stocks and the earnings. Gets get 0 ever to bob pisani for that this hour hi, bob. Well, you know, that collapse in oil is weighing on things but not quite as much as you might think. It is a little bit more of a general risk off day in terms of coronavirus. Lets show you what the sectors are doing right now. Sitting near the lows for the day essentially. S p 500 down between 70, 80 points throughout the day here senior citiz sectors, technology and financial stocks that are down, thats going to drag Everything Else down. Industrials not doing so well. Energy is down but not muches the rest of the over sectors and thats interesting to see there. Momentum stocks, stocks done well recently, theyre kind of weak today and advance micro has done great recently. Microsoft is getting killed today.
He is not a doctor either. Who else . Worked with me in the state for many years and has been a great talent here. It is a pleasure to be here today. We are at syracuse state university, the upstate medical school and hospital. Had a chance to say hello to the nurses and doctors who work ere. I wanted to say thank you for for all they have done here. He also sent a team down to new york city. So it has just been an extraordinary experience but we have seen the good, the bad and the ugly in all of this. The good is beautiful. Let me talk about some of the facts we are dealing with today. Facts are our friends, right. People want to know the facts without spin or opinion. That is what we have been giving them. Total hospitalization rate is down a tick, which is good news. The change in hospitalization is own. The number of independent bations is also down. The number of covid hospitalizations per day these are new people who are newly diagnosed with covid. It is under 1000, which is good
If anybody asks. Boyfriend is a part of the premises. Monday. This is the total hospitalization rate. What you see which you see is basically flat. May is not great, but flat be a reaction to the weekend. But we have the same question, how fast and how steady decline. We dont want to see flat. We want to see an increase in decline. We want to see how fast the decline goes and how low the decline goes. When does the hospitalization rate get down to fully manageable number . When does the incomingcase number get down to a manageable number . You see again, overall hospitalization rate is on the decline. Again, yesterday, a little less than we would like to see. But hopefully it was a sunday anomaly, because of the weekend. Intubations is down. Number of new cases still 1000 new covid cases every day, puts it in perspective. Down a tad from where it was, but again, these weekend numbers sometimes are a little strange. Number of lives lost 337. , still tragically high. But on the decline,
Some European Countries slowly relax drop down restrictions germany follow suit jobs and get a makeover of the nations 16th regional leaders will discuss this facing. Christine window welcome to the Program Donald Trump has instructed his administration to hold funding to the World Health Organization mr trump says the w. H. O. Failed in its early response to the coronavirus the us president who has himself come under fire for his handling of the pandemic said the w. H. O. Should have done a better job of investigating initial reports in china the u. N. Secretary general antonio terrorist responded by saying that now was not the time to end support for the w. H. O. He said its with is absolutely critical to the global efforts to combat that 19. The w. H. O. Failed in its basic duty to save lives those are the words of President Trump and c. N. N. Is to freeze on funding for the u. N. Agency today im instructing my administration to halt funding of the World Health Organization while a
A lot of people have been led to believe that at some designated time some magical time we will all receive some type of signal like that from authorities and everything is just going to go back to normal folks thats not going to happen in fact nothing could be further from the truth and ill give you an example the spanish flu of 1800 came in 3 different waves and it changed the world 1st of all it went on for 2 full years it changed how people lived and it also changed the business of health care with governments all over the world realizing it needed to somehow be a little more centralized so im bringing this to your attention today because Gavin Newsome the governor of the biggest state in america has come out to explain for the very 1st time how our lives will change because of the coronavirus this is important stuff right one example he cites get this. Yes we will be able to go out again and to restaurants but only after your temperature is taken before you enter the restaurants.