A Coronavirus Vaccine after announcing promising results from its 1st round of human trials. Mexicans are forced to stay indoors as the pandemic takes a heavy toll people fearing for their livelihoods and struggling to make ends meet. Im feel gail welcome to the program you Council President shall michelle says hes confident a deal on a 750000000000 euro coronavirus recovery package will be reached leaders are in their 4th day of talks tensions have been running high with the core disagreement concerning how the funds will be distributed the latest proposal includes 390000000000. 00 euros of grants and 360000000000. 00 of loans that will have to be repaid and hit Southern States such as italy and spain have been pushing for. Bigger grounds a group of socalled frugal Northern European countries where the bulk of the money distributed is loans but more checks on how the money spent. Its on his Prime Minister he said become tay says hes cautiously optimistic that the rift can be overcome
Therapeutics, the whole thing. Europe is down 5, oil below 25, that will take you back to 2002. So, yesterdays gains are obviously in jeopardy, since february 24th, the first big day of the virus selloff, the average daily move of the s p, up or down, 4. 9 jim, dont need to tell that you is unprecedented the market is trying to figure out how to deal with these Uncertain Times when you have Financial Health on the line and, of course, what we were talking about with separation, actual health. Its not processing it very well in part because the liquidity is not there, but also because weather in a highly emotional moment yesterday it looked like the market was up. The indices lie. What was really up were things like hormel. When we put shutters across the country, one of the first things to do was put in spam. Yesterday it was chef boyardee the wrong stocks are going up. The companies we invoked during thermonuclear war time that is what was up in the index, that and drug stocks a halfh
Programs for people who are out of work or sick because of the coronavirus. Uber and lyft drivers are taking action in court. They want a judge to give them paid sick leave. Good morning, jobina. Now the San Francisco chronicle reporting drivers for uber and lyft want a judge to pay them sick leave and this is as employees and not contractors. This will protect not only their customers from the vircoronavir because many feel they cant stay home right now. Work is super slow. I was waiting on sfo because im an uber and lyft driver. Five hours. I can show you. Five hours i just got someone in five hours and put them on bay street and i got 24 in five hours. Its really awful to hear. The Ride Hailing Companies classify their drivers as independent contractors. They arent eligible for the benefit state law requires for employees. Lawyers made filings in San Francisco Supreme Court yesterday and both are asking for hearings on thursday morning. Reggie. Thanks, jobina. This morning when a lo
Welcome to the program of terms are underway to track hundreds of people across the world who may have been infected with corona virus during a religious gathering in malaysia its now been revealed the event was attended by more than 1500 International Guests from 26 countries florence levy reports. Hours before malaysia shut its borders thousands of malaysian workers who normally commute to work in singapore every day brushed to lean students also formed long lines at bus terminals as confusion over whether campuses which shut prompted many to try to leave 2 police stations were crowded after people were told they would require permits for intestate travel only for police to temporarily withdraw the order even after the partial lockdown was imposed social distancing was forgotten as by is rushed to supermarkets to stock up on essential i mean rushing in the lobby of. The difference. Even if. We should be more Infectious Diseases experts have watched with alarm at whats happening here
Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover