Day where we can see some real progress. Charles what this means for businesses coming up, what this means for businessing coming up. Plus as more may be needed, a man whose devotion to the constitution sparked a uproar on friday. Kentucky congressman Thomas Massie will be one of my favorite guests today. Food network host guy fieri joins us spores forces with other Celebrity Chefs to create a relief fund for restaurant workers across the country. He will join me at the government of the hour. All that and much more on making money. Charles briefly exited bear market territory. The s p, nasdaq however, remain more than 20 off their alltime highs. Not all bear markets, folks, are the same. In fact according to Goldman Sachs there are three types of bear markets. You have got structural, the ones with the most devastating downsize. Theyre caused by financial imbalances. You have cyclical. These correspond with normal slowing economic cycles. Then event driven. Event driven bear markets a
Relative sense yes yes. Yes, and they are. Theyre at home as they have been all week and focusing on on frankly theyre not symptomatic and there was the need for testing. Bill ackman on our air earlier today suggested the nation should shut down for a month or so, an extended spring break. If that were to happen, and i know you dont think someones voice is coming through to us, and i know you dont think that is the right course of action, if that were to happen, do you think that would be supportive of market levels or not . I dont think so. I think we need to make sure people need to have access to the markets and i dont think we would reduce concern about how events are unfolding in the coming weeks we have a few weeks of uncertainty and we will get through this and well see how quickly it evolves, but every single day we learn more every single day we put in new protections and new measures and people are taking this very seriously and thats an important thing to highlight well get
And change, the nasdaq up 224. Investors are hoping we have already hit that bottom from the coronavirus outbreak. Were not saying were hitting the bottom at fox business but were hopeful. All of this as the medical world is searching for solutions to limit the viruss deadly effects. Northwell health turning to 3d printing to churn out test swabs. They are going to be here to explain exactly what this means. Pretty exciting stuff. And the elf beauty ceo is here exclusively to tell us how his company is faring after the coronavirus has shut down another outlet that sells his products. Plus, liz claman wraps up her final day on selfquarantine focusing on workers as some amazon employees walk off the job and other businesses have the help wanted signs hanging on their front door. We are less than an hour to the closing bell. Im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we begin with some breaking news right now. We are just learning American Express ceo is s
Comment is closed. If you have an item not on the agenda under the subject matter jurisdiction of the commission you may speak under general Public Comment in item 4. Please note if the fire alarms activate you must evacuate the building. If you need assistance make the way to the closest area across the hall in the mens rest room. There is a speaker box. Press it and the city hall security will answer. They will assist you. We are on item 2. President s report. I will be brief. I like to read emails that talk about the parks. This is to the general manager. I wanted to say thank you. I love my Neighborhood Parks. The San Francisco park and Rec Department does a fantastic job. I love how there is a park nearby no matter what neighborhood. You have worked hard to make that happen. I know maintenance challenges are daunting you do an amazing job of keeping up. Every employee is helpful and professional if i am getting exercise or enjoying the lovely trees and flowers, your department mak
Tunnel. Thomas bach says when deciding on the delay, the ioc considered not only conditions in japan but the reality of the situation of athletes abroad. He agreed that postponing the games was the best move. Translator we are committed to holding the games in a complete form when we can prove that human beings have overcome illness caused by the new coronavirus. Its the first time in olympic history that a Public Health crisis has caused the games to be put off. Athletes applauded the move while wondering about their future. Hannah mills was set to compete this summer. She told nhk kdelaying the game was the right decision but she was stillll emotional. The olympic gameses is everytything for us and what wee dedicated our lives to. The q question of another year asked, will my body be okay . Have i got that drive and motitivation . Of coursrse i willl find it, 10 purse. But it just takes a lot of absorbing. The effects of the postpoponement are already rippling through the sports worl