The coronavirus. They say they plan to release enough tests so all 50 states can free at least 2 of their residence. Joining us from amazons home seattle,he mayor of jenny durkin jenny durkan. We doubt that seattle was one of the early epicenters but early moves prevented seeing some of the dismal numbers we have seen elsewhere. Give us a status update in terms of the Testing Capacity. Mayor durkan on the good news front, at the height of the outbreak, we had a transmission rate of about three. We were seeing cases rise really quickly. We were able to do our measures pretty quickly, first by having the Tech Companies telecommute as well as the cities and larger employers. Today, the transmission level is below one, so every person who gets the virus is not even transmitting it to another person. All of the epidemiologists are saying that is where you need to be for a significant period of time. I think probably the worst news is that we are nowhere near the Testing Capacity that we nee
Consumer stocks like kimberlyclark and chi pochi pot lay showing signs of strength. Well take a deep dive on the debate over how and when to reopen the economy well speak to the mayor of las vegas, who has called the a stayathome order in nevada total insanity and floridas Lieutenant Governor and well speak with cme ceo terry duffy about the wild swings in the oil market those negative prices. And billionaire harold hamms call for an investigation of crude futures trading. Lets drill down on the big stories we are watching. 59 minutes left of trade mike santoli tracking the market rebound. Phil lebeau has fresh comments from deltas ceo on the back of earnings and meg tirrell with the latest on the race for a vaccine. Mike, start us off with the market and the rebound were seeing today yeah, sara. Down about 5 in the s p 500 from fridays close through two days of trading, getting back in a very gentle way i will say today, kind of lowvolume trading. About half of that, not quite half if
Doctors and clinics last week symptoms, the highest level since the swine flu pandemic in 2009. In new york, i am mark crumpton. Bloomberg technology is next. Emily this is bloomberg technology. Roaring intoter 2018, markets are in for their worst week in two years. We will bring down break down the catalysts, including apples entry into a bear market. The cryptocurrency conundrum. Is bitcoin and bubble territory . Will attract the highest and lows as prices change across the board. Opening arguments beginning for monday as uber goes to war. The trade secrets shaking up silicon valley. A massive selloff in stocks. The average is sinking and fridays session in fridays session. Into this year, u. S. Stocks close at its worst week in two years due to rising investor concerns aboutweak corporate earnings. I want to bring in abigail doolittle. What is happening . What is the force behind todays selloff . Was an extraordinary day for u. S. Stocks. Down about 1 . After fluctuating a little bi
Undocumented immigrants brought into the country as miners. The president called for billions to fund the border wall and cuts to legal immigration. With the future of nafta still in doubt, secretary of state Rex Tillerson is in mexico at the start of a five nation trip to latin america. It comes at a time of tension over president trumps insistence that mexico pay for the border wall. The flu outbreak continues to grip the u. S. The cdcs is one out of every four teen visits to doctors and clinics last week were for symptoms. That is the highest level since the swine flu pandemic in 2009. In new york, i mark crumpton. Bloomberg technology is next. Emily this is bloomberg technology. Coming up, after roaring into 2018, markets are in for their worst week in two years. We will break down the catalysts, including apples entry into a bear market. The cryptocurrency conundrum. Is bitcoin and bubble territory . Will attract the highest and lows as prices change across the board. Opening argu
And it is the biggest gaming event of the year. We will take you e3 in l. A. But first, to our lead, after years of speculation, apple is finally lifting the hood on its car ambitions focusing on the , technology that makes autonomous driving possible. For the first time ever, apple ceo tim cook spoke about apples car ambitions in an inclusive interview, and also discussed the companys outlook on china. Take a listen. Tim china, for us, we make our decisions for the longterm, and so we are not investing for next quarter or next year. We are thinking about many, many years out, and as i stand back and look at china, i see megatrends there that make china an incredible market. I dont just mean a market to sell in. I also mean a market for Application Developers. We have 1. 5 million Application Developers in china now, probably closer to 2 million now. So it is an incredible marketplace for talent and in terms of the size of the marketplace. So, the shortterm kinds of economic moves up a