Oakland 56 in San Francisco and 59 in san jose. Im looking at mild to warm temperatures around the bay area. Well have those coming up in just a bit back to the news. Thanks a lot. Lets start with the coronavirus the cdc is sounding the alarm that the number of cases in the u. S. Might be much greater than we know there was show you map which illustrates now the rise in cases. In the past week compared to the week before and you can see actually california has improved. It has been in the orange and even in the red indicating anywhere from 10 to 50 . Increase from week to week now were just in the yellow which indicates a steady rise but not an alarming one. But if you look at the total numbers across the country weve got now more than a 142,000 recorded deaths with more than 3. 9 million infections reported so far to our area. In the wake of the rising number of cases and the dropping poll numbers for the president he appears to be changing his tune. During his first covid19 briefing
Roll out some responses to Chinas Hong Kong law as the showdown with twitter gets escalated around the minneapolis protests oil near 33, the focus is squarely on twitter and this rule violation that the president s account got slapped with, and then the white house account, the official white house account retweets were all kind of confused, as marc benioff, who is against this obscure regulation that gives these companies an exception todo this, many are confused it seems President Trump wants to create his own enemy with if you start regulating these Companies Rather than having the exception, theyre always going to have to put a counter to what President Trump wants. I think what he may not understand is free speech is nasty. What he had until this was a great run of things. Its going to make it tough for him to be aggressive on twitter. He doesnt have press conferences that work because of all the displeasure he had with regular reporters. Hes disintermediating himself from the pub
Organizati organization, china as well as investigations of practices of Chinese Companies that are listed here in the u. S. So were up 0. 4 . 3 for the week as a whole sara straight to kayla in washington to recap what we just heard from the president including that significant announcement that the u. S. Would be terminating its relationship with the World Health Organization and sara, the president prevud that a few weeks ago saying it would be reviewing the funding it sends to the w. H. O. In the wake of what it sees as shortcomings by the World Health Organization to alert the u. S. Of some of the risks of the coronavirus. Sources tell me that one of the ways the u. S. Feels most wronged is that there was no information about asymptomatic transmission of this virus until late in the game when the u. S. Population and economy was at risk. He announced the administration would be suspending the entry of foreign nationals from china to the u. S. , that the u. S. Finds at risk to the
Latest kayla . Melissa, this effort by the white house to target social Media Companies for a perceived bias has been under way for nearly a year, but in the wake of twitters Fact Checking President Trumps own tweets, policy officials rushed the executive order out today. Heres what is in it which the president signed this afternoon. Agencies from the fcc to the ftc and many other agencies in between are directed to review liability shields that are provided to these content companies that protect them from lawsuits over what appears on their platforms. The department of justice are directed to organize state attorneys general to enforce the crackdown. The federal government is also going to be issuing a widespread review of taxpayer dollars that are going to these platforms in terms of the governments own ad spending and all of this is expected to happen over the next 30 days. These agencies are supposed to report back and these funding totals are supposed to be submitted to the offic
Future and later, President Trump says the time for negative Interest Rates is now. So were breaking out our crystal ball to see what the market will look like in a world of negative rates and we start with the market selloff the stocks tumbling after the path forward is highly uncertain and subject to many downside risks. The prolonged recession and weak recovery can discourage business advancement and expansion further limiting the growth of jobs and the pace of technological advancement. The result could be an extended period of low productivity growth and stagnant incomes. And then theres this, Stanley Drunkenmiller telling the Economic Club of new york that the risk reward for equities may be as bad as hes ever seen and scott telling scott wapner that this may be the second most overvalued market hes ever experienced so did the markets just get a big dose of reality, guy first of all, i know youre not in charge of music at cnbcs fast money and im getting ready for the twitter hatr