A similar loss on the s p. Big loss on the nasdaq composite. Why the nasdaq down so much . Well, just look at this. Big tech being taken to the cleaners this morning. Start with apple. Look at that. Its still a trillion dollar company, way down this morning after its Financial Report late yesterday. Ive got more on all this. Amazon, huge drop, down 120. They are plowing their profit into coping with the virus. Microsoft, not much impact from the virus but its caught in the downdraft. Microsoft is down nearly 2 , 3. 46. Next case, the political news. Topping that this morning is joe biden. He has denied a Sexual Assault allegation. He says quote, this never happened. Ive got more on that in a moment, too. Got a big weekend coming up. Texas opens up a lot of businesses. Who will go to the store, the barbershop, the restaurant . Thats going to be a pretty good indicator of the urge to get out of the house. In california, the governor has relocked down the beaches. How will that go down .
Hand sanitizer more because not quite as dry. I can tell the difference. Definitely a great day for Outdoor Activities today and tomorrow and then weve got the mother natures way of sheltering in place this weekend. The breezes are starting to pick up a little bit along the coast. Theyll pick up everywhere near bodies of water this afternoon and a little bit of a difference from yesterday where the breezes were minely confined to the coast. San jose waking up to Clear Conditions than we have the last couple mornings and cooler at 44. All of us are cooler 36 to 46 is our temperature spread this morning and mid to upper 50s at the coast while the rest of us hit the mid to upper 60s. More on that rain coming up, reggie, ku masi. The fight against the Coronavirus Impact and the impact its having on our economy. This morning stock feeutures ar down. According to the Labor Department, 6. 6 Million People filed for unemployment last week. That is double the week before. Now, that report just
They went missing in marylands Chesapeake Bay. Well have the latest. And remembering bill withers, the voice behinds some of the most beloved and soulful songs of the 70s passes away. Well look back with an extremely rare and revealing interview he gave us just a few years back. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. [ sirens ] hundreds of thousands of people are going to die. I want to come way under. The virus continues to spread nationwide. Nowhere is the situation more urgent than in new york city. Highest single increase in the number of deaths. They had a chance to order ventilators over the years. They had a chance to order very big but didnt choose to do it. Stocks closed down for the weeks after a much worse than expected jobs report. The three major indices shed another 1. 5 . We have the greatest economy in the world, probably doing all of you the best ever, everybodys doing the best ever. All of a sudden, yeah, shut down the
Financial impact. My guess is it is going to be worse than people think. We are confronted with a conditional supply and demand shocks. It will have effect on global gdp, that is for sure. But it is not like the world will end tomorrow. Nejra meanwhile, president s trump and modi meet in india. The country did sign defense deals were 3 billion, and they pledged closer ties on Maritime Security. Nejra jpmorgan lays out goals on its invest today. They said u. S. Wealth is going to be one place where they can still grow. Nejra and the iger era comes to a close. Disney names a new ceo. I intend to double down on the same strategies bob has established. Nejra its all straight ahead on bloomberg best. A hello and welcome. Im nejra cehic. This is bloomberg best, your weekly review of the most important business news, analysis, from Bloomberg News. Lets start with a day by day look at the top headlines. The dominant story throughout the week was the global spread of the coronavirus, and on mon
Worse than people think. We are confronted with a condition of supply and demand shocks. It will have effect on global gdp, that is for sure. But it is not like the world will end tomorrow. Nejra meanwhile, president s trump and modi meet in india. The countries did sign defense deals worth 3 billion, and they pledged closer ties on Maritime Security. Nejra jpmorgan lays out goals on its invest today. They said u. S. Wealth is going to be one place where they can still growth. Nejra and the iger era comes to a close. Disney names a new ceo. I intend to double down on the same strategies bob has established. Nejra its all straight ahead on bloomberg best. Hello and welcome. Im nejra cehic. This is bloomberg best, your weekly review of the most important business news, analysis, from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The dominant story throughout the week was the global spread of the coronavirus, and on monday, as reported infe