A glimmer of hope from italy as the number of patients in intensive care fulls for the 1st time but the u. N. Is warning widespread poverty could make latin america the next pandemic hotspot as the Global Demand for personal protective equipment grows a new environmental problem is also piling up. In the United States the trumpet ministration is stepping up measures to combat the coronavirus pandemic President Trump says the military is being deployed as many states still complain they are ill equipped to handle the outbreak there are more than 300000 people known to be infected with the virus in the United States and all of that 8000 have died over 8000 trump is also warning of a tough week ahead saying quote there will be a lot of death. Were going to be adding a tremendous amount of military to help supplement the states thousands of soldiers out thousands of medical workers professionals nurses doctors and itll be a large number itll be will be telling them over the next very short
The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowest level since 2008 and pumping 700 billion into the Financial System. Were waiting for a rescue package from congress. Were waiting to see if the administration will put money directly into the hands of affected workers, helicopter money, for example, and into desperate industries. A kind of modern bailout. So whats next . We will find out in 90 minutes. At 10 30 eastern, Vice President pence hold
Moderna theyre looking forward to move to vaccine testing. Were heeding warnings of social distancing. Were separating out. Were over an hour from the latest virus tax force briefing. What can we expect . I dont know. Here is what larry kudlow told me of possible stimulus. Roll the tape. Well reach for every available way to mitigate and stem and undergird both the health side and the economic side. Stuart his actual expression was, whatever it takes. All of that and more on making money. Stuart were sinking. Stocks are sinking across the board. There is economic uncertainty. The fed stepped in with rate cuts and injection of cash. Right now weve got the markets off of their lows of the day but only just. Here is an old friend of mine, old colleague, market watcher shah gilani. All right, shah, we saw this morning at the opening bell. We dropped 7 . Reopened the market. We dropped 12 . I was inclined to think that was the washout selling, catastrophe selling, the capitulation selling t
The sweater with a jacket. Yes, dress in layers because it is brisk out there, you definitely want to bundle up this morning, the afternoon should be okay, scattered low clouds and the unofficial wind gauge was the right portion, breeze around 10 to 20 miles per hour. 60 to 70s and 80s and then increase in sunshine later on today. Heres a satellite showing high clouds in a Central California and a nice sunset last night. We have been watching the fog next banding coverage hit the coast. A few patches in the north bay to start out here wednesday morning. Current numbers, lots of 50s on the board, santa rosa 52, livermore 56 and here is the plan for today. Starting out with patchy fog, temperatures into the 50s and into the afternoon more sunshine, 60s, 70s and 80s. These numbers not a big change from yesterday, maybe some party clouds near portions of the coastline. We will have more of your forecast in a few minutes. 702 and we are keeping an eye on a major collision. The coroner is he
Post9 11 period, and how both the government and his own paper the New York Times suppressed his reporting, including on the Bush Administrations warrantless wiretapping program, for which he later won the Pulitzer Prize. After i told him what was going to be in my book, what they said was, ok, we will think about putting it in the paper but thehey were not committed to it. They wanted to negotiate again with the government. There was a whole series of new meetings with the government. Which was refreshed rating to me. Amy james risen describes meeting with top officials at the cia and the white house. His refusal to name a source would take them to the supreme court. He almost wound up in jail until the Obama Administration blanked. Blinked. The hour. Es risen for all that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. The Trump Administration has proposed allowing offshore oil and gas drilling in nearly all of the United S