Its gains for the week as tariff tanks stock. Say that 20 times fast having its worst day in months, this is the chart that had us all scratching our collective heads, bonds barely budged so bk, we go to you, what is behind, do you think, this market conundrum. Its a little strange, you would think with the fed buying, they reduced their buying, the market, the dow down 600, not much inflation out there, you would think that bonds would be absolutely flying and theyre not. What do we know . We know that Treasury Bonds are owned by a lot of sovereign states you look at Something Like saudi arabia, japan, china, perhaps they need capital, a lot, you know, has to do with the oil decline. Perhaps its investors getting a built spooked that the u. S. Has to raise an awful lot of debt and the only buyer out there is going to be the federal reserve, but its really strange. It was the one thing that stuck out to me today because i wanted to buy bonds i thought with yields at negative, u. S. Bon
Julia . Thats right. Disney cfo christine mckarther announced disney will be sustaining the dividend which will preserve 1. 6 billion in cash and this comes as the Company Announces that covid19 cost disney 1. 4 billion to its bottom line in the quarter and that includes a hit to advertising, movie delays and think, most of all, the closure of disneys parks. The disney parks alone had an operating income loss of 1 billion in the quarter due to covid driving a 58 drop in operating income now heres what the new ceo says about the plan that he Just Announced to reopen disney shanghai on may 11th take a listen. The approach we take may include implementation of density control measures as well as health and prevention procedures that comply with state and federal guidelines we are seeing encouraging signs of a gradual return for some semblance of normalcy in china the company talking about how before it began to close its domestic parks in midmarch they had been seeing an increase in both
Reopening process going. Look, it does feel that there is a very self confident sense by governors that its time. I think that the president is so oriented towards its time, and the president is soed ed ed eet in having a vaccine by years end, that theres an element of two different worlds here. Theres the real world influenced by the president saying open it up, people want to do it, and the stock world influenced by Warren Buffett who said i sold the airlines because that industry has fundamentally changed. Its a big gulf. Really the largest ive seen amazing. David . Sorry, carl weve been talking about that for weeks. The many phone calls that you or i will have with Business Leaders who are focused on maintaining their liquidity, focused on just being around to fight another day come the end of the year. The many ceos who join us on air who constantly talk about their businesses not coming back to the levels they were prior to the virus for maybe two or three years. Now they may be
Rising concern about the coronavirus is leading to some confusion and even misinformation. Two doctors are weighing in with a reality check including dr. Jenner is ashton and an Infectious Disease doctor from boston university. We know what this disease is and we know how its transmitted. We are going to see more cases because weve increased the ability to test for them. Most states have the ability or on their way to getting that. Sometimes when you say to someone, dont panic, that can be interpreted as being dismissive or even insulting and actually causing them to panic more, even though thats not the intention. If youre home, you just develop a sore throat, even if youve just gotten off a plane from italy, you are not meeting criteria for cdc testing, and thats important for people to know. The testing criteria just revised by the cdc have three ne in i thevspirat disee and no other explanation. The other category is a of the five affected countries, and right now its just five cou
A refuel for the center of auto safety found more than 35,000 cabs licensed in nine of the ten u. S. Cities with the most taxis are not required by their regulators to get safety calls fixed before picking up passengers. Theres no way for a customer to know. Reporter dlerkt jason lavine found only San Francisco requires cabs to be screened for recalls. There are no cosmetics recalls. Recalls are only done for safety reasons, defects or violation of standards. But in your mind, this is something that should get addressed. In my mind, yes, there are potential safety concerns here. Reporter the Maryland Public Service commission regulates cabs in baltimore. Transportation director says the centers letter has prompted a very view of the states regulations. Safety is paramount. As far as looking at the safety recalls, its complicated. Thats why we want to take a deeper dive. But is it complicated . Cant the state of maryland say you as a licensed taxi cab operator have to do this . We certa