The 10 year yield was up 72 basis points after that refunding announcement and the new twentyyear issuance will be bigger than the primary dealers were thinking. The median estimate was for around 13 billion but thats now 20 billion worth of twentyyear bonds being issued. Demand for them and now we are back to the stock market and we are seeing the s p 1 sondred up 4 10 of its recovered those earlier gains. The nasdaq is running away once again, up 1. 2 with several thats are credited for including the lights of beyond meat and stocks you would not normally associate with a climb. The dollar index is above 100, continuing to strengthen but not a huge amount of movement in the yuan. Crude oil is back at the lows of the session, down 2. 4 after we saw the build coming in lighter than the market had anticipated. Quite a hefty build last week but the markets recovered slightly and we are back down almost 4. 5 . The European Data continues to be grim. The European Commission says they could
Asking governor newson to end the stay at home orders and reopen the economy. Thank you for joining us tonight at 8 oclock everybody im grant lotus and im Vicki Liviakis we are a little more than a month and a half into quarantine and protesters are taking to the streets against the order. Governor Gavin Newsome insists its helping prevent more people from contracting the highly infectious coronavirus. And mayor in San Francisco, one of several bay area. Leaders who is extending the shelter in place by at least another month kron fours Ella Sogomonian is live in the newsroom tonight with the latest tug of war between local leaders and opponents l a. People against ongoing shelterinplace rallied outside of San Francisco city hall today demanding that it be over and done with take a look at the scene as more than a 100 protesters held up signs calling governor newsome a dictator. While others waved american flags in the air. They want the state to re open and just go back to normal now,
Kron 4 news news at 9. I know its may day may day every year and we should thank people for expressing themselves. But that expression obviously this year is one of frustration and concern, deeply understandable anxiety. Hes reading the room now at night protesters across the state are growing restless wish the governor shelterinplace orders you see the demonstrations. This comes as the governor said today quote were talking about. Not many weeks but many days that is when were going to be easing some restrictions so. A bit of optimism there thank you for joining us tonight at 9 oclock everybody im grant lotus and im Vicki Liviakis p even with that optimism from the governor some people here in the bay area. Are starting to get pretty restless indeed, hundreds of people took to the streets to protest the ongoing lockdown as for relief from rent and mortgage payments, they rally here outside San Francisco city hall today. Despite evidence that physical distancing is working in that more
Treat the most severely ill patients. Our kron fours gayle ong joins us now live bill you spoke with a doctorate stanford has been studying this drug is it is it all that. They can grant a stanford has 2 Clinical Trials of from disappear the focus is on the safety account actually safety accountability and efficacy and this was passed in record time. He tells us that. The pandemic is affecting all of us and we really needed something that will work doctor runa superman, ian is leading one of stanfords Clinical Trials does of air the drug that can help treat covid19 specifically the drug blocks an enzyme. The virus needs to replicate friday. The food and Drug Administration approved the drug on an emergency basis. It is not the same as a full fda approval, but assigned the fda believes the benefits far outweigh its risks. In certain patients even if its not perfect even if its not a magic bullet, its nice to have something that improves the overall situation since midmarch stanford has
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the