This number, down 664 points, for a loss of about 8. 5 . Crude oil at the moment, it has been vicious and quite a violent downside move, even after the ones last week that were very ugly. We see crude oil setting at 28. 70 but in the aftermarket, we are just above 29. Call it straddle. We are right at 29 a barrel. We have major developments this afternoon putting even heavier pressure on the markets. Canada moves to close its borders and the nations airlines are seeking up to 50 billion in aid to support the massive plunge in bookings as of course, social distancing affects all forms of travel. In this hour, we do expect that live News Conference held by the white house by the Coronavirus Task force. 3 15 p. M. Eastern, 14 minutes away, as you heard. We understand the secret service has now started taking temperatures of those in attendance. Heres a couple questions we at countdown want to know. Will we see more stimulus announced . Will the status of the nations airports change at all
Crisis. Shes expected to announce new restrictions that would limit the amount of time people spend away from their homes. These would be sweeping new measures and well bring you that as soon as it happens live in San Francisco. Already this morning, the mayor announced a program to provide paid sick leave to private Sector Workers by the covid19 pandemic in San Francisco. The workers and Families First program will include 10 million in funding to provide additional five days of sick leave pay. All businesses eligible for funds and those with fewer than 50 employees. All places that offer nonessential services for Santa Clara County closed to the public for the spread of covid 19. Theyre encouraging residents to conduct business and service in conditions whether he ever possible. Other county department that provide essential Services Like hospital and Law Enforcement are staying open. Theyre calling on bars and nightclubs to close and governor ordered restaurants to limit the amount
Indicated up about 40 points yesterday, we did see compressed yields higher prices for treasuries 10year at 1. 36 the twoyear at 1. 7 in japan, the nikkei falling over 300 points. The bond market won, so we are going to have our friend on today. He always says it is going to be because of slowing growth. He seems to get a little bit serandipitus about it. Ill give him credit. The slowing growth caused whatever caused the slowing growth gold is up. Stock market ignores things until it doesnt hope depot might help. Stock called sharply higher after reporting better than expected results i got a 242 bid, 242. 50 bid now. Right . 228 is 18 cents above estimates. Whatyou are seeing there does not reflect what we are seeing samestore sales up 5. 2 , which is strong. Consensus is at 4. 8 home depot announced a 10 increase to 1. 50 a share you can figure out the yield will double every seven years. Joining us with immediate reaction, the bottom line beat is big the samestore number is better.
And on a lighter note, the black crows are back. We go on tour with the Robinson Brothers who started the band, broke it up and are now reunited musically and personally. Its friday, march 13th, 2020. Well have the latest updates on the coronavirus right after todays eye opener, your world in 90 seconds. Just a question of time. Stay away from people. Watch your hands and do all the things were supposed to be doing a little bit anyway. Life here in america is changing. The full scope of the coronavirus outbreak is coming into focus. And it is a grim picture. We dont know how long it lasts. Usually several weeks to a couple of months. We have anticipated that cases of coronavirus would increase. Were seeing that pattern play out. We know theres more to come. The market reacting to the president s decision to suspend travel. I guess were going to get through this one. Obviously impacted nba, nhl, major league bairblseball, tenn soccer. This one really stopped people in its tracks. The nc
Now so as you step out we feel temperatures in the upper 40s and it warms up through the day with sunshine. So in for another springlike day. Well talk more what is ahead coming up. Mike, youre seeing calm on the roadways. Very calm right now. Green sensors as you would imagine all over the bay. I want to call out the trivalley because folks who got the nbc bay area push alert heard about the closure in Pleasanton Sunol but that is cleared since about 2 30 this morning so no problem for the trivalley. 680 getting a clean slate to start the morning and a mild build out of the altamont pass. Highway 4 out of antioch and off the carquinez bridge and down to the bay bridge toll plaza and we do have cash lanes built up over the last 10 minutes. Ill track this hopefully as they get more cash lanes and two closed on this side and things will start to ease up. Well follow this. Back to you. The search is on for a killer after a woman is found dead in a home in southeast foothill. Today in the