Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
Director of national intelligence. Watch online on seesmic the oracle or listen on the free cspan radio app. Minnesota Governor Tim Walz announced monday the state legislature will debate a bipartisan proposal to help Small Businesses during the pandemic. The governor was joined by state officials who announced a new app to help with state covid19 Contract Tracing efforts and to provide an update on covid cases, deaths and hospitalizations. This runs 40 minutes. Good afternoon, minnesota and good afternoon to our reporters. For those watching or listening at home, we are pulling reporters. Will be receiving questions through many of them. I will try to remember to reiterate and repeat the question and then answer it. This last week has been tough. There is no other way to put it. Our numbers are unrelenting in our hospitalizations. You have seen record set in terms of cases, hospitalizations, icus and unfortunately deaths. Our hospitals and First Responders are deriving everything are
Good afternoon, minnesota and good afternoon to our reporters. For those watching or listening at home, we are pulling reporters. Will be receiving questions through many of them. I will try to remember to reiterate and repeat the question and then answer it. This last week has been tough. There is no other way to put it. Our numbers are unrelenting in our hospitalizations. You have seen record set in terms of cases, hospitalizations, icus and unfortunately deaths. Our hospitals and First Responders are deriving everything are doing everything they possibly can. There are reasons to be optimistic over the horizon with a vaccine. There are reasons to be optimistic now that we have new therapeutics. There are also reasons to be optimistic because the data shows if we change our behaviors and take some of the mitigation efforts, there is a cascading effect that keeps people from being infected, keeps people out of the hospital, which saves lives. It is what we asked last week. I want to b
Extraordinary, we will have the latest. Life disrupted as schools and businesses close around the world. Sandbergcoo sheryl joins us live. This, as facebook shares plunge. Thet, to our top story, markets going deeper into the red over fears that the economic fallout over coronavirus will be more prolonged and painful that we all expected. President trump say life could be disrupted well into the summer. The s p sinking 12 . The dow falling to its lowest in two years despite the Federal Reserve cutting rates to zero. For more, i want to get to Romaine Bostick. So much red everywhere. Break it down for us. Romaine you talk about response with regard to the monetary policy. What you have today is a market that has basically figured out that what is ailing the u. S. And Global Economy will not be solved through monetary measures alone. The dow and s p 500 had their worst single day percentage drop since black monday in 1987. You look at the nasdaq and small caps, worst days on a percentage
County. Your people of vallejo, your people in venetia. Your people there they want a little report. So lets give it to them. Lets go out and take a look at 80 westbound. And dont forget your people in fairfield. Westbound 80 looks good as you drive through the area. There have been no major problems here. So it is looking good; you can see traffic is moving along well for the most part driving through the area. There have been no major issues. It is going to be a little bit slow there or foggy there and on the bridge it looks okay. So the fog is not everywhere but well keep an eye on that for you. 4 32 lets go back to the desk. A mother in gilroy facing murder charges after police say she confesseher 2 yearold daurd daughter in a bathtub. When the Police Arrived at the Vineyards Apartment complex on westwood drive, they found the child in the bathtub. Neighbors say she and her daughter moved in only two months ago. If youre struggling like everybody does in the bay area you take a bre