Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents
From there. Oakland and San Francisco dry, partly cloudy and comfortably cool rob. All right. Thank you john were checking in on the bay bridge 80 wesson to San Francisco still stacked up at the toll plaza and a lot of these folks that you see here they were late getting to pay kates because they were stuck on the shore freeway we had a hot spot up enrichment and so that held back a lot of folks so they made it now its a jam from the bottom of the maze, but still under 15 minutes to make it an highway for me still have a motorcycle crash working in pittsburgh westbound at bailey we have 2 lanes closed 2 left lanes blocked so its crawling out of pittsburgh right now but keeping traffic light on the bay 0. 5 45 minutes because of that crash antioch over to concord will check more slow downs coming up. That was the announcement to passengers over the weekend and this morning we just found out moments ago that they will be docking at noon. At the port of oakland that infected ship with 21
Coronavirus confirmed in the u. S. New york, new jersey and connecticut are banning all gathering over 50 people and closing dine in restaurants and bars following that recommendation from the cdc. U. S. Airlines are seeking 50 billion dollar in government assistance and if approved, it would be the industrys first broad bail out since after the september 11th attacks we have full Team Coverage this afternoon. Bob is monitoring conditions at the new york stock exchange. Rick is out at the cme watching the bond market. Bob, well begin with you. Third trading halt in the last six trading sessions. Thats this morning after the open 9 30 or so. 15 minutes the s p down 7 these trading halts have, at least, served to slow the markets down a little bit and do bit put a bit of a break on things well keep an eye on that. Were continuing to see this bifercation in the market. Health care and staples are out performing this has been the trend since thursday here. Market gainers, if you look at so
Meantime. Of course, now we are a little bit unchanged, fluctuating between gains and losses. David but the nasdaq is holding up. Thisr i think big tech, is there opportunity. Ive spent so much time in san francisco. There was so Much Negative sentiment about big tech, but big tech is increasingly trying to become health care companies. We see that increasingly with the apple, for example. I think this is techs opportunity, if they can partner with healthcare, if they can really start to help out the public, this could perhaps be there moment to really shine and come through. David the violence hasnt just been equities this week. It has also been in bonds. Taylor that has been very volatile. I was making a note earlier that you have to get the liquidity in order in order to see any sort of small rally that we might be trying to get to within the equity market. The fed is trying to help that out, but you have to start to get to a point where we are not selling whatever we can instead of
Told to stay home if youre sick. Stay home, if your child has the sniffles but people cant afford that this is a class situation and so a higher class of people can afford that and the working class people which is a vast majority people cannot afford to stay home if theyre sick or if their child has the sniffles its greenlighted by the City Council Next Week the moratorium would be in effect for 30 days affected tenants would be required to provide documentation about lost income from their employers. With at least 20 confirmed cases of covid 19 in the county so far the Economic Impact will be felt far and wide says you mayor, this is an effort to work collaboratively with our landlords to ensure that no one has pushed out the door while theyre having to either go without in common practice, some cases job loss in some cases loss of hours worked. In many cases will be no income at all and we just need to do everything we can to keep everybody. A float during this tough time in san jos