Legendary nightclubs have been forced to close because of the and one entrepreneur has found a way to give frustrated party goers a quick fix without risking that. Have a false welcome to the program a Police Operation is underway on the greek island of les boss to move thousands of migrants and refugees into a new temporary tent city many have been sleeping on the streets after a fire destroyed their refugee camp with ortiz say the operation has so far passed off peacefully but many migrants are reluctant to move into the new facility. Packed up and on the move again along with their few remaining possessions. Early on thursday police on the greek island of les bos started moving hundreds of migrants to a new camp thats after a fire at the overcrowded morea camp left almost 13000 homeless. But offices want to avoid violence and have been easing their powers of persuasion to convince migrants to move to the new camp peacefully. The u. S. Refugee agency has also been urging migrants to
9 after reporting yesterday afternoon. Lets take a dive deeper into snaps quarter stifels john eggbert and Lloyd Wamsley of Deutsche Bank joins us now gentlemen, you both have buys on this stock, and there was interesting commentary from snap about how theyre expecting lower user growth in the Third Quarter, and theyre also anticipating there will be significant revenue headwinds, even though the first 19 days of the quarter they showed 32 Revenue Growth so jon, tell me, why are you so bullish . Well, im bullish because of the longterm story. And i think that the underlying trends are still intact. On the short term, it sounds like the Third Quarter will have some complications were not exactly sure how much sports well have. Back to school may be limited in parts of the country feature films wont be launching like they normally do, and those are big areas of brand advertising spend that snap and other Digital Media players benefit from in the short term but in the long term, the direc
Strange this year as we are instructed to maintain social distancing even as we gather to have some fun in the sun. One place where bathers are not welcome is new york city where mayor bill de blasio has threatened to pull people out of the water if they violate his no swimming rules. Just look at that. The new York Metro Area remains mostly in lockdown. Doesnt expect easing in the city apparently until the first half of june. Meanwhile, more and more pushback against the closures as the economic carnage mounts around the country. Some Business Owners fearful that their livelihoods are being destroyed are openly defying orders saying theyll risk fines and imprisonment rather than keep their stores shuttered any longer. And we now have Important Information from a number of states that have had several weeks of experience with loosened restrictions, and it does seem to suggest their plans are working. So were the draconian lockdowns actually even necessary . More on that in a moment. Al
Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . Mornings with maria is live right now. Maria lets check Global Markets with ftse 100 in london 236 points, european indices red across the board. Cac quarante down 150 points and dax index down 243 down. In germany Angela Merkel i
Thank goodness for social media in times like this. Tom, thank you. Now to San Francisco, where emergency work versus moved into the Mascone Center where there is more space for them to keep a distance from other workers. The number of cases of coronavirus in San Francisco over 70 now. And more people are being tested. Christien kafton in the city with the latest developments to try to slow the spread of coronavirus. Reporter were here where the city of San Francisco has moved most of their Emergency Operations. If you take a look here, you can see some evidence of that. A San Francisco department of Emergency Management vehicle as well all right here in front maf scone south. The city stressing the importance of social distancing. Saying they need to flatten the curve because given the states recent surge in cases, the peak is still to come. Reporter San Franciscos emergency workers have moved from the citys Emergency Center on turk to masconi south to manage the covid19 response. The