The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowest level since 2008 and pumping 700 billion into the Financial System. Were waiting for a rescue package from congress. Were waiting to see if the administration will put money directly into the hands of affected workers, helicopter money, for example, and into desperate industries. A kind of modern bailout. So whats next . We will find out in 90 minutes. At 10 30 eastern, Vice President pence hold
I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. Thats the latest on the market action. Now the latest
Chairwoman good morning, everyone, the meeting will come to order. Welcome to the march 2, 2020, meeting of the rules committee. Im supervisor hillary ronen, chair of the committee. Seated to my right is captain stefanie, and well soon be joined by supervisor gordon marr. Mar. Mr. Clerk, do you have any announcements . Yes. Please silence your cell phones and all electronic equipment. Completed speaker cards and copies of any documents should be submitted to the clerk. Items acted upon today will appear on the march 10 board of supervisors agenda unless otherwise stated. Chairwoman can you read item number one. Item one is appointing two members to the commission on aging and Advisory Council. Chairwoman than thank you so much. I believe were joined by juliette rothman. If juliette would like to come up and address the committee, thank you so much. If you just want to share with us your interest in the appointment. How are you . Good. Im here to seek reappointment to the Advisory Counc
Working compliance, whats working and has the least chance of recidivism. I think 95 of our high risk homeless and mental patients are alcohol, not necessarily drugs or maybe a combination, and also im wondering how that works in the system. Yeah, we can provide that because we work very close with healthright 360, and they have the Drug Management services. With their Drug Management is mostly alcohol, but then, we are expanding services in the pharmacy to provide medication, and also, the telebupe that we are providing. And also, healthright 360 is a close partner that we can collect some data. Also, this is a pilot that we are studying . Maybe in six months we can come back and give you some preliminary data that we have. I think also i know philip mentioned earlier dr. Barry zephen who manages the street Response Teams and prescribing the buprenorphine, and i think they would be able to share that story, really, about how people are showing up and how people are being really succes
The operation at the port of oakland is growing by the minute and chopper 5 is overhead. We want to take a look now. Weve seen a slew of emergency personnel, Health Officials and tends popping up to coordinate the process. Reporter they are ramping up efforts because they want this to go much more quickly than yesterday. Yesterday, we got the new number is a total of 400 people were allowed off the ship. They were people who were very sick. A group of canadians who had a chartered flight to board and a group of about 200 californians. People with mobility issues and they didnt have infrastructure up. Office of Emergency Services is helping today they are gonna get 800 additional californians off the ship and on their way to Travis Air Force base. That is the goal by the end of the day. For the other people who live in other states or countries, they will likely have to wait another night. We are hopeful. They have our suitcases. Marine, spoke with us via face time this morning. Her lif