42 million in emergency funding. 30 million of it will allow the state to lease two hospitals including Seton Medical Center to care for up to 120 covid19 patients. Happening now, people across california are spending their first weekend ordered to stay at home. Were at San Franciscos wharf with an update on the impact. What are you seeing . Reporter eric, dion, our shelter at home reality has been really tough for a lot of folks to swallow. Take a look. We are here in Fishermans Wharf. Ive been coming here since i was a kid. I have never ever seen it like this. It is empty. All stores shut uptight. A lot of people social distancing today with some exceptions. Were going to have to see whats open and not open and make the best of it, right . These tourists couldnt find anything open in San Franciscos famous Fishermans Wharf. Most businesses closed. Jefferson street was desserted. This was a different story. Lots of people out getting air and exercising. Most practicing social distancin
What im doing, conducting video conferences and all that stuff. Lets take a look at the toll some buildups later today over the range and south. Plaza of the bay bridge. You can see it is light, and otherwise, clear start. 30s for many and 40s. Cold this morning. Couple of systems will play sometimes even on regular days, into your weather, but main le remember, on fridays we had light days. Over the weekend and early next not this light, obviously. Week. Highs today near average with and if you are driving through marin county, it has been good. 60. We have not seen that this in fact, the entire bay area whole week. Sal is at home. I dont think he has too much to talk about. But theres always a chance commute has been doing well. Something new has developed. Sal . Absolutely not much to talk airports are open. Public transportation still running. Theres plenty of room to do social distancing. About. We do want to remind you that people are going out there. If you do have to go to your
Stabilized but that doesnt tell you what is happening beneath the surface. The 10year yielding 0. 8 . Updates on the outbreak in america. We are now more than 4,600 confirmed cases. At least 85 deaths last night, President Trump vowing to backstop u. S. Industries saying the u. S. Will be power fully supporting those Industries Like airlines and others impacted by the virus weigh will be stronger than ever before the eight largest u. S. Banks announcing they will be jointly accessing funding from the Federal Reserve. There has long been a stigma and they are all doing it together Morgan Stanley being the first bank to do it. We should not take anything away from that decision the ceo also happens to be the chairman of the committee that put this group together that went to do this. Joe. Investors are looking for a substantial fiscal response from washington to try to stem the he can economic damage. Reporter we do expect congress to move today not sure when the senate will take action,
Massive shaking. All the patients came running out of the hospital. All the staff, everyone was running into the yard. We didnt know what had happened. My wife was pregnant with our now 9yearold, was in portauprince at the time, and i didnt know what was going on. Reporter i can only imagine what that was like. I was very fortunate that my wife and our daughter, they survived, and many people were not as fortunate. It was a horrible situation. Reporter instead of falling apart, boniface has only grown. They now get 500 patients a day and went from an annual operating budget of 250,000 when shapiro took over to 8 million today. People risk their lives to get here because they have no other choice. This is the entrance road to the hospital. It is full of ruts. It is mountainous, passable only by dirt bikes like this and fourbyfour vehicles. These bikes effectively act as ambulances for people who need care. The drive up that treacherous road takes the better part of an hour. Thats in add
World headquarters in new york. The other big news we are hearing from sources telling bloomberg that President Trump has signed off on that trade deal, phase one with china, and also avoiding that 160 billion of chinese goods being given more tariffs. The plan was for this sunday, the deal could include agricultural goods, purchases from china, not to mention perhaps those existing tariffs also being lifted. Thats get the Market Reaction right away because japan and south korea are coming online. David ingles is in hong kong. What are you seeing . David if you took that and went long in the cash market on sterling or any of these as well, certainly, 13 514 whats your session high on cable. One thing to note on this as 2 wouldthing beyond make this the biggest drop since 2009 so these are quite substantial moves you are seeing. Lets flip the boards and have a look at the open across the region right now. Overall, asia is back to the highest level since august of 2018. I am guessing wit