By late morning into the afternoon with our high temperatures today reaching into the upper 60s. More on this coming up in a few minutes. Mike, youre tracking the commute. Any issues for drivers . So far so good. Let me show you a couple of live looks out there, show you the contrast in some areas, though. San rafael, the curve coming toward us with those headlights. A smooth, steady flow, good volume. If you continue 101 down across the Golden Gate Bridge you have to wait for the cars to appear. There you go. For more on the reason why traffic is so light, well send it right back to you. The white house this morning still falling short of ordering everyone to stay home but they are urging all americans to avoid being out and about for the rest of the month. President trump saying that he probably wont leave the white house for 30 days as the coronavirus begins to peak. Today in the bays tracie potts is live for us from her home in washington with the governments latest projections. Tr
Space. Oil getting a bit of a reprieve. The concern is you have even more oil flow if the opec deal comes to an end. We want to get you todays market moving news from new york as well as washington. We want to start with the latest pmi data. Factories around the world suffering one of their grimmest months on record in march. Fbloombergs Michael Mckee joins me for more. Theres a lot to dig into. Give me some of your takeaways here. Michael mr. Rogers word of the day is contraction. Across the developed world, they are pretty bleak at this point. Some of them not as bad as thought because of a quirk in the data, but lets go through the data right now. Anybodye hardest hit of i the virus, and now the hardest hit in terms of the pmi number. Eurozoneance, germany, u. K. Are also in the 40s, which marks contraction. New orders of production crashed, but there is a quirk in the data where supplier delivery times are linked. However, in this case, there are no supplies to deliver, so it makes
The Unemployment Rate rose to 4. 4 . However, on mornings with maria this week, i spoke with the former president of the atlanta federal reserve, and he told me that the Unemployment Rate is much closer to 10 than 3. 8 given we did see. 6 million Unemployment Benefits this past week. Joining me now to discuss the backdrop and the markets and investing around it is the alpha one Capital Partners Founding Partner dan nice. And, dan niles, and it is good to see you. Were going to get into the health part of this and, of course, what corporations are doing, including 3m, but i want to ask you about these markets. How would you look at the jobs numbers and your expectation in terms of when things might come back . Sure. I mean, i think thats really the key to the market, is jobs. As you pointed out earlier, you lost 3. 3 million jobs two weeks ago, then the most recent week you had 6. 6 million. And the funny thing is that as you get into april and may, thats when corporations, the big ones
Yeah it can be a breezy month. Were looking temperatures to start off in the 40s for a few. Santa rosa is at 42 degrees. Hold on a minute. Hold on. Well, sal, get ready. Im goings to it over to you. We will have a sunny and breezy day and high in the. All right, good morning, steve. The traffic is moving along pretty well. The Public Transit systems are working on a modified schedule. As you drive across the san mateo bridge, it looks good. Now, going 501 and back to the disk. Thank you, sal. President trump is your honoring americans to follow the stay at home guidelines saying that its a matter of life and death. This is to be a very painful two weeks. Now, the warning came with the white house projection that is there could be 140,000 death in the u. S. Even if people follow social distancing guidelines. As sobering as that is, we should be prepared for it. Is it going to be that much . I hope not . I hope that we push on the mitigation and the less likelihood that its going to be t
Im jamie colby. And today, im driving in the badlands of eastern montana. Its rugged, bigsky, cattleranching country. Im on my way to meet a lifelong resident whose father left him a chunk of this land. Nice to have you here. Thanks for having us. My names Clayton Phipps. And in 1997, my father passed away, and i inherited from him a small portion of the family ranch. And along with that came a few pretty exciting surprises. 41yearold Clayton Phipps is like a character out of red river or lonesome dove. [ horse neighs ] most of the time, im on my own. Im happy that way. This ranch had been in our family since my greatgrandfather homesteaded here. And its a part of me that i just didnt feel like i wanted to ever part with. Clayton grew up and learned to cowboy here on the ranch his father shared with three brothers. He describes the operation as cashpoor but reasonably successful. My dad worked us hard, but that was a good thing, too. After claytons father dies in 1997, the ranch is spl