Upper 50s. Well get one completely dry day in this weekend before more rain is on the way. Reggie . All right, thank you so much. Governor newsom made an extraordinary move last night when he told all beds for coronavirus hospitals. Jobina has more on that. Californias fight against the coronavirus is keeping Seton Medical Center in daly city open. The hospital recently made headlines about its imminent closure but now Governor Newsom says it will undergo a multimillion dollar project to get ready for patients. 177 hospital beds will be designated, excuse me, for covid19 patients at seton. The state is also planning to transform dorms to house patients. The governor is asking the federal government to ready field hospitals and bring a Navy Hospital ship to los angeles. If nothing number of californians sickened would overwhelm our health care system. An attack rate of about 56 . That the virus will impact about 56 of us. You do the math in the state of california, thats a particularly
Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If
Within that county officials held a News Conference on the situation earlier today we have Live Team Coverage tonight from the new information on how the outbreak is affecting the local communities and we begin with kron fours dan thorn who is live in san jose with the latest and. Well pam as you noted Santa Clara County Officials Say that they now have 3 confirmed cases of coronavirus but this case is different from the other 2 because this person got it from an unknown origin meaning that they didnt get it through travel and they didnt get it through contact with an infected person. Its another mystery coronavirus case in the bay area. Santa clara county Health Officials confirming friday they have a 3rd case similar to what was discovered earlier this week in Solano County. Like the california case reported 2 days ago. Our 3rd case did not recently traveled overseas or have any known contact with the recent travelers are an infected Person Health Officials Say this patient and older
Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
Couple of days over 8 if you are looking at five days. If you were expecting a quick pull back, you are not getting it s p futures are off by 8. 5 nasdaq off by 31 all three major averages have lost all three of the gains for 2020 so far. We have looked at treasury yields so far. If that goes up, a tick higher well take anything. It is hard to take the big drop when you have one day at 22 keeping things in perspective. Our top corporate story. Disney ceo bob iger is handing offer the keys to the Magic Kingdom immediately. Hes not going anywhere i have a theory this beautiful succession is so orderly it is weird that it comes down to, oh, im leaving today. I want to hear what you know and some of your water cooler scuttlebutt. And go wild. My son informed me yesterday, bob iger is stepping down. Replaced by bob chapek hes been there a long time. Head of the global parks unlike Nbc Universal hes not a content guy hes a parks guy we think of it differently at comcast. Parks are important