Joining me, political insider, and nick ballard, served as the communication director when he was mayor of san francisco. Good afternoon to you both. Good afternoon. Hey christine. You know newsom better than anyone. Translate, whats he saying and not saying with right. A situation like this, you have things you need, facts, a plan, and have the credibility to deliver the facts and the plan. So Governor Newsom knows he cant go out there and say well, were going to reopen california in two weeks. Instead, what he did is laid out six criteria that had to be met before we can make the determination. And i think that by doing this, he is not squan credibility, he is finding a way forward without saying he would be held to in two or three weeks. Because he really cant at this point. Lets go to the six indicators. We have a graphic to show you what they are, the ones he will use and be guided by to decide whether it is time to start the reopening process. One, that is to make sure theres goo
Legs in place. That is consistent with the state direct is. 14 people who tised at the facility did test negative for the virus. They will continue to work and be isolated from those who tested positive. Santa clara county added 75 new cases today for a total of 1,094. France adding 47 cases. And we are just learning that marin county has added 13 new cases. Bringing the total to 131. Another development. Home depot has a rule for employees, take your temperature before you show up for work. One of the things they are taking to slow down the virus. Target, costco, wall marmarty are all making changes. Melissa colorado is there to explain. Melissa . Its targets new corporate posse. How many customers they allow in the store at a time. Its like waiting outside to get in a plug, instead of a bouncer, its a target employee. I want to show you a long line of customers out here, outside the target. There is a waiting area, customers are asked to stay six feet apart. When they step in, the p.
Thats what you see going on today, issues that are taken on are the likes of boeing and disney and exxon mobil with oil week and oil related issues and services are taking on as well. Earlier on i told you in the week whats happening in the front and of the socalled yield curve when one in three month bills were returning negative rates, if you want to park your money at a bank in a negative rate environment, your to pay the bank for the privilege of hanging on tour your dough, that is no longer the phenomenon right now as yields have turned positive on the shorterterm security. There was a flipside to the argument and theres less then a reason to move over to stocks. If there are no more negative, they are very, very low, they are extremely low but bottom line they are better than where they were. Lets get to read from hilary vaughn, the relief package coming from the house of representatives. They had some yelling and screaming going into this but their intense abating about in a pas
So i guess you could say this behavior was a little bit less than parliamentary as turkish lawmakers were discussing the nations military involvement in northwest syria. Members of the Opposition Party clashed with supporters of president erdogan and the fighting began. A lawmaker called the president dishonorable, ignoble, low, and treacherous, then tried to speak. Everyone knows those are fighting words. You cant say that and not expect an elbow to the face. No, thats true. Those are the rules. Ive received that from mona already, ive learned my lesson. Prosecutors are opposing Bernie Madoffs requests for an early prison release. Prosecutors say in Court Documents madoffs crimes were, quote, extraordinarily evil. They want the 81yearold to continue serving his 150year sentence behind bars. Ikea is recalling more than 800,000 dressers because they can tip over and crush children. Owners are being told to stop using the threedrawer chest immediately. Refunds are being offered or you ca
Out from under it. It is time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. We are going to focus heavily on the markets. We begin in the u. S. , where the 10 year yield fell more than 1 this year. Here was more is annmarie hordern. Annmarie we are seeing a massive flight to safety. I can show you some of these numbers. Gold trading just under 1700 an ounce. This is the asset to own and this kind of market. Then you have the swiss franc. Deutsche bank said in the recent note we could see parity. We havent seen that since the s p lifted the cap the snb lifted the cap. B 30 year yield went through 1. 5 . Right now, 1. 39 . Three standard deviations. Thats how much we moved to the downside. We have not seen this since 2011. People on wall street say this might be a recession. Alix thank you very much. All of that leading to massive volatility within the equity m