Like to say goodbye to her mother from a distance. They knew we could be with her i could tell the emotion in both there and the doctors voices of their frustration knowing we could be there or be the wrist. The infection. So theres talk to on a and she called me about 10 oclock at night and said. You know your mothers reading is changing, you know we can see that it probably wont be much i would take myself so is her personal cell phone. Im going im going go and get dressed in all the protective gear have to be an and then im going to put the phone up to her face so that you can. Tell her you love her and say your goodbyes and. It was so touching just to know that i couldnt be there and i said to the nurse to secure new please hold her hand to new riverhead can you pretend, you know like i were there with her and she said she will not be alone. We will stay with her to the end. So 2 minutes later, we get the phone call for face time you know she could have right up to my mothers face
Facility is now on paid administrative leave. And as the number of deaths rises Health Officials say the virus. Could surge later this year i would anticipate that that would actually happen because of the greed of transmissibility. However if you come back in the fall. It will be a totally different ballgame our ability to go out and be able to test identify isolate. And contact race will be orders of magnitude better then what it was just a couple of months ago, im John Lawrence reporting. Will spain has suffered its worst day in the coronavirus outbreak officials there reporting 849 people died yesterday because of the virus and there were more than 9,000 new cases reported in just a 24 hour span. Spain has become the 3rd country in the world overtake chinas death toll or chinas total infection number. Theyre behind italy and the united states. More testing is done more cases in california are being reported. Take a look at the latest numbers more than 7,000 cases, according to john
They are warning the us economy could shrink a 14 in the Second Quarter. Thats coming as the Federal Reserve and global Central Banks across the world announce measures to offset the injured Economic Impact of coronavirus. Join me right now to talk about all of that hank smith. Hanks thanks much for weighing in today we appreciate you joining us, what are you doing in your portfolio in the face of all this . Well, first of all, we are not panicking. We constantly communicate with our clients regarding their asset allocation, we also, for a number of years have always recommend to have enough cash to meet spending needs one year even up to two years out. So, in an environment where you own both stocks and bonds, now is the time to start looking to your adding to your equity positions because that allocation has come down due to the obviously to this bear market. It is a pain trade for sure, but over the past six years, the opposite was equally true where we were trimming equities becaus
Jobs since 2009. The Unemployment Rate rose to 4. 4 . However, on mornings with maria this week, i spoke with the former president of the atlanta federal reserve, and he told me that the Unemployment Rate is much closer to 10 than 3. 8 given we did see. 6 million Unemployment Benefits this past week. Joining me now to discuss the backdrop and the markets and investing around it is the alpha one Capital Partners Founding Partner dan nice. And, dan niles, and it is good to see you. Were going to get into the health part of this and, of course, what corporations are doing, including 3m, but i want to ask you about these markets. How would you look at the jobs numbers and your expectation in terms of when things might come back . Sure. I mean, i think thats really the key to the market, is jobs. As you pointed out earlier, you lost 3. 3 million jobs two weeks ago, then the most recent week you had 6. 6 million. And the funny thing is that as you get into april and may, thats when corporati
Really just the tip of the iceberg with probably millions of layoffs still to come. On monday the first big wave hit the Retail Sector with macys, kohls and gaps announcing they would furlough tens of thousands of mows. The closure of stores to prevent the spread to have virus has taken a heavy toll on its business. And President Trump had to give up on his hope expressed just a week ago that the u. S. Could be opened up by easter. Hes now saying the company will have to keep practicing social distancing for the entire month of april, and he add added that we should prepare for a very painful two weeks ahead. Meantime, his top medical advisers warn that up to 240,000 americans could die from this disease even with current Safety Measures in place. On wall street stocks ended their worst First Quarter ever. The dow lost 23 , thats the biggest quarterly decline since the quarter of the black monday market crash of 1987. And the New York Stock Exchange floor remained eerily quiet, tempora