Give you a sense of optimism in terms of the curve in california a venti a it is bending, but its also stretch. Bending is good stretching means and will go a little longer the state anticipates a surge of coronavirus patients next month. The direct payments can wanted more. So we think that theres a a path to getting more for the shrek payments. That was House Speaker nancy pelosi saying that more money is coming to help americans through this crisis lots to cover good morning. Thank you for joining us here on this wednesday april 8th, im James Fletcher and im darya folsom first the governor he says that were doing a good job. And try to flatten the curve but the state is anticipating a big surge in virus cases next month. Give you a sense of optimism in terms of the curve in california a bending a it is bending, but its also stretch. Yeah, the governor went on to say that because of coronavirus curve is stretching our state is doing a good job of social distancing and thats allowing
Near its session highs, ending the day with 1 moves in either direction. It looks like some of those could be coming back. We also had crude and oil markets rally and despite concerns that demand was off about 70 . Crude is up 1. 6 . As we know, the fte Energy Consultants have said that it could fall 8 Million Barrels a day in 2020. Cuts. S coming on supply the highyield market, as you can see we are up 2 or so. Strategists say the fed may be buying double b rated bonds. That would be in the junk category. We are seeing some of the highyield markets catch a bid. Now for deep analysis into the markets, joining me from los angeles on the phone is the Portfolio Manager of Causeway Capital management, which oversees a 37 billion. Sarah ketterer is the former morningstar manager of the year. On that note, it is great to have you. There have been many comparisons between 2020 relative to the financial crisis of 2008. You noted in 2008, a lot of the cyclicals over leaving us out of the bottom
Washingtons effort to address job losses amid the coronavirus pandemic. Is next. N journal one month ago today, President Trump declared a National Emergency over the coronavirus pandemic. With wyoming over the weekend, all 50 states have been declared Disaster Response areas. Good morning, its monday, april 13, 2020. This first hour we will ask about your thoughts on the federal response to the coronavirus pandemic so far and how your state governor is handling the crisis. We will look at joe bidens just published plan to reopen america. Heres how to be a part of the discussion this morning. In the eastern and central time zones, but linus 202 7488000. Mountain and pacific, that line is 202 7488001. We welcome medical professionals, to hear from you. That live is 202 7488002 that line is. Is 202 7488002 you can text us at 202 7488003. We have facebook posts ready, we will show you those. As we begin the program yesterday, the New York Times had published a lengthy story on the lead up
The coronavirus surpass 20,000. You can see numbers right now on your screen check it out nearly 19,000 people have died so far. Yesterday Health Officials reported more than 2000 deaths and thats the highest number of deaths in one day here in the u. S. But despite that number Health Officials say that the curve in the u. S. Is leveling out. You can see for the first time that in the United States were starting to level on the logarithmic phase like italy did about a week ago and so this gives us great that occur not only in specific places but were starting to see that change to well here in california were actually seeing a positive trend, according to state Health Officials right now there are more than 21,000 coronavirus cases in california and nearly 600 deaths now thats according to Johns Hopkins university. And also in the bay area there are more than 4600 confirmed cases since Santa Clara County continues to be the hardest hit locally with more than 1400 cases there, 50 people
Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one