People out into the world too soon. So, when is the right time . Well get to that question in a moment. First, the latest headlines. The coronavirus death toll in the u. S. Has risen to more than 53,000. The number of cases is inching closer to 1 million. There are 938,000 in this country. The World Health Organization caused somenn satu reporting there is no evidence that people who had coronavirus would be immune from getting it again. That, of course, would be a Major Public Health setback. The w. H. O. Later clarified a bit saying, it does believe people who are infected will develop some level of antibody protection but its too soon to know for sure. During a webcast on saturday, dr. Fauci said the u. S. Should be testing twice as many people as it is currently before we begin reopening the economy and society at large. Dr. Fauci says he believes that will happen in the next couple of weeks. More on these stories in a moment when we talk to the former head of t and sunday spotligh
Josh lipton standing by and gene munsters gearing up for facebooks call and we kick things off for Julia Boorstin for facebooks big quarter quite a move quite a move, Melissa Facebook shares up almost 10 on better than expected revenue and user growth. Cfo dave waner reassuring investors saying that while the outlook is uncertain, advertising is stabilizing so far in april were not immune to this from this crisis. We did see a steep decline in advertising revenue starting at about the first week of march, and that sort of continued weve seen some more recent stabilization as part of the Earnings Release we did include information on the advertising performance in q2 in april and thats about flat year over year. Facebook lowering its expense guidance for the year for 56 billion, as the company spends less on travel events and marketing as well as slower head count growth while the user growth and engagement did surpass expectations with 2. 36 billion people using one of its apps every s
Our retirees and people that are in the profession and havent finished licensings requirements via Nursing School or medical school. Phlebotomists, radiologist, emts , doctors, nurses, remarkable, remarkable spirit, and a remarkable number of individuals that stepped up and are willing to step in to meet covid19 headon. I want to give my comments by thinking all 25,000 and those of you that are out there that have the expertise and may have retired recently, are looking to get their license renewed check out the health course. Ca. Gov website and contribute your time and in a compensated manner to meet this moment. We are getting questions at this moment about masks. Not just and 95 masks not just surgical masks not just mass for frontline employees but healthcare professionals. People that are in the Grocery Stores wondering if they should have a mask people walking the streets and their dog and going to do essential business in the state of california weather appropriate for them or
Bridge. Its slow. Im just looking at this and showing you that there is no break today. Traffic is going to be slow driving across here. And it has been slow getting into marin. And well talk about marin in just a moment. I can also show you the traffic on the eastshore freeway. 30minute drive right now coming in from the carquinez bridge to the macarthur maze and at the bay bridge, we have a 25minute drive. New accident in san bruno. Well talk about that and some of of these other commutes when we come back in just a few minutes. Straight to new information this morning about a fire at a highrise Apartment Building in the south of market district in San Francisco. Firefighters are now telling ktvu an electric scooter was the source of this Early Morning fire. Flames broke out before 5 a. M. Inside a building on clementina street and gallagher lane. One person was hospitalized with moderate injuries. Looks like firefighters also rescued a dog from that burning building. Time is now 7 0
More than 2 on the stoxx 600 great s p futures point to another day of decline in the u. S. On track for six days of declines and heading for lowest close since october and global stocks for the 10 year yield hitting a fresh record low. Yields are dropping across the u. S. Curve. The two year yield sitting around 112. To the euro missed the risk off memo . Three out of the past four days. 10947. It could be down to the broad dollar weakness. The yen has been big today along with gold. Saying we could get 1800 on gold. Wti extending its slide beyond a 13 month low. Lets get the bloomberg first word news. We begin with italian Opposition Leader Matteo Salvini who accuses the government of underestimating the threat of coronavirus. He is urging them to earmark at least 10 billion euros for emergency measures. I think it will be the composed of factions the dont like each other. Its already the weakest in terms of growth. After the virus, which will evidently slide us into a recession, a g