Timeline that the state is anticipating a surge of coronavirus patients now next month. The direct payments can wanted more. So we think that theres a a path to getting more for the shrek payments. Yeah that was House Speaker nancy pelosi say more money is coming to help americans through this crisis will see how quickly congress can act good morning. Thank you for joining us here on the kron 4 morning news, it is wednesday april 8th, im James Fletcher and im darya folsom governor newsome says they were doing a good job hang in there its been 3 and a half weeks now. But the state is anticipating a surge of coronavirus patients next month. Yeah, he went on to say that because the curve is stretching our state is. Properly doing the social distancing and thats allowing the state a little more time to not only buy some of the equipment they need but also to help out other states that are in need as well yeah theyve sent off for a california has sent about 500 ventilators in total. To othe
The u. S. Enters a new week with the highest number of coronavirus doubts in the world. Administration is still trying to ease lockdown restrictions by may. The Top White House virus eight says infection levels are stabilizing. Some of the u. S. Could be open in the next month. The imf and world bank held meetings this week using digital remote software. The global lenders will facing new reality of mounting unemployment. Thecials have already said Global Economy is suffering its worst recession since the 1930s. India is set to extend its current 21 date lockdown to the end of the months to allow more time to evaluate the spread of the infection. The Prime Minister said the government has adequate supplies of medicine and protective gear for frontline workers, adding that the next four weeks will be critical. The virus is ad social emergency. In hong kongals are facing a pay cut. Announced new stimulus. The additional spending accounts for double the projected government budget. The ph
Last weeks big rally with saudi arabia and russia feud over cuts the oil market taking a hit today. We do have full Team Coverage of these markets for you. Bob and rick covering the action in stocks and bonds. Steve on the latest economic fall out from the virus. Bob, well kick it off with you and this rally that just keeps building it started early on we got right up great overseas numbers. When Governor Cuomo started talking a couple of hours ago, we moved up on his comments on hopes for plateau. The market took it positively. I want to point out that we are, i call it markets in the middle. Were now 20 off of the lows from the february 19th high, were now down 22 remember at one time we were down 35 a bull market to bear market to i dont know how to characterize characterizeize this morning were 20 off the lows the most beaten up are rallying the most retailers they are a big today wayfair up best day since march 26th for the banks. Here are some of the regional banks. Sta stap stap
Done here you see the home builders, weve had a terrific rally in the builders in the last few days but hovnanian was 29 just a month ago. Its a 9 stock right now. Yes, weve had a great rally, but bear in mind how far weve come and how many more headlines we have yet to get through a lot of people are also optimistic watching the vix drop it has dropped exactly in half since march 15th it was 86 on an intraday basis march 15th, you see it at 43 exactly a 50 drop thats making a lot more people a lot more optimistic. A lot more arguments that the markets are higher have been mitigated by the fact that weve just had such a big rally and its hard to push against this rally right now. Look at these stocks right here and how much they have moved since the market bottomed, the february 21st close, which is when things really started get getting bad. Walmarts up, verizon is only down 1 . Merck and 3m down a few percent. This is when things started getting really serious you see how much the ma
Going down but a popup shower or two may move through. Our trend over the next couple of days will be for the bay area to get a chance to dry out. Well warm up. The temperatures and whats ahead the rest of the week in a few minutes. Mike has a look at the morning commute. Light traffic volume. The green sensors are all over the bay. San mateo, the crash is on the shoulder. No injuries. Theyre not saying visibility was an issue but fog in the area. A camera by. Higher speeds now. Going to have to watch out. Be careful. President trump is pushing back on a new report hospitals are facing the critical shortage of supplies. Tracie potts is live inside her home in washington with the very latest. Tracie . Reporter hi, marcus. The report about the shortage of supplies caused a dustup at the White House Briefing yesterday when President Trump was asked about it, he seemed to suggest the person inside his administration who put that report together may have been playing politics. The states se