Furloughs taking place the other thing to keep an eye on is the high yield bond etf, hyg, and also the junk etf, spider, bloomberg, bark clays, hy bond, jnk were seeing those jump because of some of these fed actions which include now basically buying into and helping support u. S. High yield corporate bonds, so really talk about taking all the tools out of the chest its cause something strategists to now circulate notes today asking what could potentially be next for the fed is it going to be Something Like buying into actual equities . Guys carl . We are glad back to have on our air art cashin, director of floor operations at ubs and bob pisani art, we have missed your guidance and wisdom over the past few weeks as you recover from an accident, but its great to have you back let me just start off by asking you about this historic fed move and as you said in one of your notes this morning with powell on the tape, the game is now on the table. What do you mean well, its, you know, the
Largely from home, with a small handful down in the control room. Just me and a single cameraman, chris. Lets get to the latest on the coronavirus pandemic that has us working like this. Overnight a travel advisory was issued by new york, new jersey and connecticut. The advisory came hours after President Trump suggested he was looking at a quarantine for those areas, an idea he later walked back. In the last 24 hours the number of covid19 jumped to 121,000 people. The death toll is just over 2,000. And some hopeful news this morning as houston methodist becomes the first hospital to use plasma therapy to help hosp plasmaone, hoping to build up immunity in the sick patient. Well have much more ahead. Well talk to a doctor whos working inside an icu about the strain on Health Care Professionals on the front lines. Later in our sunday spotlight, the staggering Economic Impact of the virus that has brought American Business to a standstill and the wellknown retailers that may not survive.
From over. In fact, its only beginning. We have learned that within the past 24 hours, there was a 105 increase in patients admitted to the icu. During that same time period, a nearly 40 jump in hospitalizations. That is fueling a push tonight to get even more medical equipment into the state. And all of that coming as the u. S. Reaches a very grim milestone. More than 2,000 people have now died in the u. S. From coronavirus. Just thursday, there were 1,000 deaths. A startling jump in just two days. Lets begin our Team Coverage with nbc bay areas marianne favro. Governor newsom toured a south bay company and theres a new plan that could help a lot of people. Reporter thats right, terry. Before coronavirus, bloom energy was making fuel cells. But now employees have switched gears entirely, and they are now refurbishing ventilators. Now, dozens of those ventilators are on their way to hospitals across the state. Governor gavin newsom says with covid19 sending more californians into inten
Conference less than an hour ago. Take a listen. The senate bill, as you know, includes 350 billion in Job Retention loans for Small Business was loan forgiveness available for businesses that continue paying their workers. They continue paying their workers. Thats what we want. We want them to keep their workers and pay their workers. The mesh would be the largest Economic Relief bill in history. Right off the top this afternoon, lets update. Governor gavin newsom started by announcing his much needed Financial Relief for families across california. Im very pleased that wells fargo, u. S. Bank, it is citi and Jp Morgan Chase have all agreed to a 90day waiver for those impacted by covid19. This 90day delay is limited to more mortgage payments and foreclosures. Note bank of america was not included there. It is agreeing to a 30day delay. Some 200 other smarter state banks and Credit Unions are also agreeing to 90 days. As far as a pause on evictions for renter, a lot of people worried a
Well, i definitely miss you guys. Since we have a little bit of cabin fever let me show you a different view outside the windows. The south bay, peninsula, trivalley. Lets get right to those views outside in case maybe youve been seeing your view too much. Enjoy it. Soak it all in. The clouds make for a beautiful sight. Look at the south bay, 50 degrees. We do have the showers sweeping through the peninsula, 45, very cool, comfortable. The trivalley, 48. In the east bay check out the cloud cover. 53 degrees. San francisco a little bit of shower activity as well as areas in the north bay. A chance of showers because of all of this instability still. Its not going to be a very powerful storm. Its the remnants of that system you saw pushing through yesterday. That will continue to make its exit out and we should see good clearing by this evening. Overall i will take you through a look at your temperatures and the dry trend ahead. For now, kira, back to you. All right. We look forward to s