To watch closely as the succession happens, david . Yeah. Its not unexpected carl it was done in unexpected fashion given so many things that are different right now at t was having its annual meeting and doing it remotely, virtually, and mr. Stephenson announced it during the course of the annual meeting, that as you said, he will be stepping down at the end of june to be replaced by mr. Stankey as ceo mr. Stephenson will remain on as chairman of the company until january of next year stankey will become a member of the board of directors taking the role of ceo. He is president and coo he got that promotion back a number of months but questions in terms of whether he would get the top job and whether the board of directors would support him for that mr. Stephenson made it clear that he was going to leave the company as its leader most likely this year and obviously choosing to move forward with that, despite the Current Crisis his 13 years at the helm of the company, of course, have b
Miranda i see ls. Lemonis i see something that looks like a swastika. Things could get very ugly for this company. Miranda if something happened to the business, i do worry about what would happen to us. Lemonis kansas city, missouri, is home to the lano company, a skincare and cosmetics business that was started by Miranda Coggins in 2005. Miranda high five, girls. Cristina whoohoo lemonis after the birth of her daughter, milena, she was inspired to create a lanolinbased lip product with medicalgrade benefits. Layne this is Layne Coggins with the lano company. Lemonis 10 years later, miranda and her husband, layne. Miranda love you. [ smooches ] layne love you. Lemonis . Now have a company that generates millions of dollars in revenue. Im excited to visit lano. And while its a profitable business, im 100 certain that it has a lot of potential for growth. The skincare and Beauty Industry generates billions, and its not just for women. Im marcus. Mccartney hey, marcus. Lemonis you are .
A similar loss on the s p. Big loss on the nasdaq composite. Why the nasdaq down so much . Well, just look at this. Big tech being taken to the cleaners this morning. Start with apple. Look at that. Its still a trillion dollar company, way down this morning after its Financial Report late yesterday. Ive got more on all this. Amazon, huge drop, down 120. They are plowing their profit into coping with the virus. Microsoft, not much impact from the virus but its caught in the downdraft. Microsoft is down nearly 2 , 3. 46. Next case, the political news. Topping that this morning is joe biden. He has denied a Sexual Assault allegation. He says quote, this never happened. Ive got more on that in a moment, too. Got a big weekend coming up. Texas opens up a lot of businesses. Who will go to the store, the barbershop, the restaurant . Thats going to be a pretty good indicator of the urge to get out of the house. In california, the governor has relocked down the beaches. How will that go down .
Suspending production in South Carolina green arrows across the board. The dow will open about 600 points also looking at the green on the nasdaq and s p 500 if you take a look at what is happening in the treasury as well s p indicated up 72 points in the treasury, youll also see what is happening on the yield in that front. It is the 10year that is yielding closely at 7. 04 . Lets get everybody updated on the latest on the pandemic numbers. Nearly 11,000 people in the u. S. Have died from covid19. The country has more than 361,000 cases. New york has 131,000 of those cases. New jersey reaching a grim milestone with more than 1,000 deaths in the state. Overseas, we have positive numbers from italy that reports its lowest daily number of new cases since march 17 spain reporting its lowest number since march 22nd. The second time since january, china reported no new coronavirus deaths reporting 30 new asymptomatic cases and two with symptoms. President trump has struck a deal to buy mill
Spots. The way were starting with a clear sun rise and we are seeing the live look outside in san jose. As we look at our temperature trend, well see it quickly warming up. Were in the upper 60s by late morning. Eventually reaching into the low 80s and just keep in mind that our normal High Temperature is about 71 degrees this time in april as we head into may. So were looking at well above normal temperatures and there may be a few spots setting some new records for this afternoon. Ill be watching that temperature in santa rosa as well as some other spots where we will hit in the upper 80s. Well talk more about whats ahead with a cooldown in the forecast coming up in a few minutes. Thanks, kari. Nbc bay areas tracie potts is live in washington with that plus problems with the latest batch of Small Business loans. Tracie . Reporter marcus, people still having trouble trying to apply for and get those loans approved. Its slow going. Well tell you about that. As for the rest of what the