Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
Offering free coronavirus testing for anyone with symptoms. The Testing Center is open for all regardless of where they live in the bay area regardless of immigration status. Theyre being conducted at fire station 7 in hayward. Fire fighters and paramedics are prescreening people as they arrive and no referral from a doctor is required to be screened. The screeners is going to ask some specific questions and criteria has to be met. So if youre not exhibiting a fever of anything over 100 degrees, youre probably going to be turned away. I want to emphasize that. We want to treat those and get those test kits to the people that need it the most. Were told those test results should come back in six to 24 hours. The center is open daily from 9 00 a. M. To 6 00 p. M. Santa clara is preparing far surge in patients as more testing becomes available. Theres a plan to turn the Convention Center into a facility and injuries from car crashes and in just the past hour, our crews saw federal officia
Speak, investors listen for clues and, hopefully, some clarity. But once in a while their remarks can create more questions than answers, and that was evident in the market today. Confusion reigned as Central Bank Officials appeared to walk back the chance of a more sizable Interest Rate cut at the next policy meeting later this month. Hopes for a half a percent cut were fuelled by comments made yesterday by president of the new york fed and they were top of mind again today when the head of the st. Louis fed spoke. All of the confusion though resulted in a down market with the industrial average down 68 points at 27,154. The nasdaq was down 60, the s p slipped by 18 and all of the major averages were lower for the week as well with the nasdaq and the s p turning in their worst performances since may. Steve liesman takes a look at the fed backandforth and whether investors are preparing for a quarter or a half point cut. Reporter kate lewis fed president james bull lard speaking in new
During these proceedings. At this time, i will take roll commission. President diamond here. Commission. Vice president moore here, commissioner braun here, commissioner imperiale here. Commissioner. So here. And commissioner williams here. We expect commissioner koppell to be absent today. Commissioners, first on your agenda is consideration of items proposed for continuance. Item one, case number 2022 hyphen 000438 drp at 323 322 frederick street. Discretionary review is proposed for continuance to june 6th, 2024. Item two, case number 2023 hyphen 007010q8 1310 Junipero Serra boulevard. Conditional use authorization is proposed for continuance to june 13th, 2024. Item three, case number 2023 hyphen 0110510fa at 350 rhode island street and Office Allocation has been withdrawn, further, commissioners, we just received very late requests, for item 16, case number 2015, hyphen 006356ca hyphen zero two at 336 pierce street. Conditional use authorization on it. There. Its we received a req
About the demise of the Business Leader panels the president put together with so much fanfare. Did he disband them . Who knows . Youve got ceos openly castigating the president for his off the wall remarks and the president calling them infants pure chaos in washington, with some of trumps most important allies unable to hide their contempt for the president s statements which they see as providing aid and comfort to White Supremacists but the dow gained 26 points, the s p inched up, and the nasdaq advanced 0. 19 . Why isnt this market plummeting simple the stock market is not, and has never been a referendum on washington they know nothing sure, some president s are more stock market than others. Regardless, whatever else you may say about this administration, and you may be saying it, trumps as pro stock market as it gets. He believes that the market is a referendum on his president. They cant hurt. Nevertheless, lets not forget that the market did well under president obama, too he