Gone red as weve gotten more guidance on Net Interest Income on the conference calls. Yeah. Absolutely the banks are in focus as this first day of earning season in earnest really kicks off one of the names im actually focused on that reported this morning is fastenal, distributors, thats what they make and they provide those distributors to quite a variety of industrial excuse me industries and end markets, early indicator of the state of the industrial economy, youre seeing those shares pop today in part because at a time where so Many Companies are cutting their dividends they actually raised their dividend and they noted that theyre seeing product produced significant shifts in business mix and that march sales of the fastener products declined 10 on a daily basis as industrial activity slowed but their safety business grew 31 as they were sourcing and delivering critical ppe supplies to the marketplace why do i bring this up this is essentially what were seeing and i have a feelin
Clouds to start out, but well see them pull back again, not totally. Well call it a mix of clouds and sun and by 2 00 were cooler, upper 50s, low to mid60s and talking about a weak weather system thats going to arrive late tonight into monday. Well talk about shower chances in a few minutes. Liz . Lisa, thank you. Governor gavin newsom emphasized since the start of the pan demme thick virus will impact the states most vulnerable at a higher rate. This morning his plan is taking action. Abc 7 newsorter Laura Martinez talked with those moving behind the proposed locations to get their thoughts. We didnt have any forewarning this was going to be going down and just was a little bit of a shock. Reporter residents in the south bay were surprised from the announcement governor gavin newsom made during his daily news updates saturday afternoon. Project room key would identify 15,000 hotel rooms throughout the state of california. Reporter the state has partnered with the motel 6 chain, securi
Death, frankly. It is the a matter of life and death. We were in for a rough couple of weeks, this is what the president is saying tonight. Good evening everyone. The White House Task force warning the nation about what lies ahead, saying between 100,000 and 240,000 americans could die during this pandemic. I want everyman american to be prepared for the hard days that lie ahead. We are going to go through really tough days. Reporter the coordinator of the Task Force Says that an estimated of debts could be significantly reduced with proper medical care and social distancing over the next 30 days. The order to stay at home is having a crushing impact on the economy. On wall street, they ended their worst quarter since the recession of 2008. Yesterday in california, more than 150,000 people filed for unemployment. This is a single day record. Governor gavin newsom says that the sacrifices they were all making here in california are buying this time to get ready for a possible spike in t
It is only the Dow Jones Industrial average right now that is lower today. We had a raft of earnings and a huge amount of Economic Data, very poor Economic Data. In the s p 500, it is some of the banks dragging it lower, but the dows worst performer right now is boeing, which is down 5 . Exxon mobil in there as well, and then j. P. Morgan chase. We had earnings from Morgan Stanley this morning. It has been a little all over the place, but down 1 now. The 10 year yield at 60 basis points after we got another whopping claims number, which we were expecting, but nevertheless is a shock to the system when you see it actually come out. Crude oil back above 20 a 0. 33. Just up about the u. S. Government said it was mulling paying drillers to keep oil in the ground. The vix just above 41. Guy a lot of oil. Lets check in with the bloomberg first word news. Here with the details, ritika gupta. Ritika the coronavirus outbreak has now effectively erased at decade of job creation. More than 5 mill
Its not always pretty. Ill take the shower. Jen, you take the toilet. I dont do the toilet in my own house. Really . But this is business. I do it to save jobs, and i do it to make money. This the profit. [upbeat music] ecome is an allnatural cleaning product started by Robin Kay Levine in 2006. With the partnership of her childhood friend jen mihajlov, a 12 owner, they built ecome up from a small, doityourself cleaning kit to a 17piece cleaning line, including doggrooming products. This product is sold nationwide at stores like whole foods and target, and last year they did a half a Million Dollars in sales, with only six employees. I personally use this product in my own home and find that it works extremely well. To stay in business, robin has leveraged friends and family to find every penny she can, and theyre nearly a half a Million Dollars in debt. Im really freaking out right now. Household cleaning is a multibilliondollar industry, and environmentally conscious products are bec