Mcclellan. A physician and economist. He works on strategies and policy reforms to improve health care. As previously [lost audio] commissioner of the u. S. Fda. Good morning. In some sense, that is the wrong time. We are not opening back up to the way things were before. 2a, b, ceing a phase with some steps forward and some steps back along the way. Enable some businesses to reopen under modified conditions. That includes several key dimensions including a Health Care System that is not under duress. For potentiality further surges in the virus and also adequate capacity to provide cradle critical services. Isond key dimension responses by businesses. We are all in this together with the virus still around us. , it willsses reopen not be under the same circumstances as before. You will hopefully see a lot of steps like we have seen in Grocery Stores and other essential businesses. Distancing, additional cleaning and disinfection, practices among employees to make sure but are potentia
Mind at 2280, it is still a double digit advance on the year, but its the technology falloff thats getting a lot of attention here. Its led by amazon but concerns as well that the Technology Sector is not immune from some of these issues and then we throw in oil, whats happening with exxonmobil and chevron, as expected, reporting some lousy numbers. Its all weighing on the markets this first trading day of the month. Here to detail that, jackie deangelis. Hey, jackie. Jackie good afternoon, neil. Thats right. This really highlights the fact that earnings matter when it comes to the stock market. You take into account the fact that these companies were reporting earnings that only account for about two weeks of the Coronavirus Impact and we wonder whats going to happen when we get the Second Quarter numbers. But amazon and apple are really weighing today and amazon just shows you, its one of the stocks that everybody has left because theyre saying amazon is doing well during this, peopl
Out with a pessimisticout with k on demand. Romaine what kind of economic drag that would have and the factories in the market, we are seeing a little bit of that priced into the market today, although we did see and we should point out some optimism and tech names, primarily secondtier tech names in the videogames space as well as telehealth companies. With us is Liz Ann Sonders of charles schwab. Lets talk about this earnings season. I guess depending on your perspective, you will either be the biggest thing in the world or biggest nonevent in the world. Im wondering, once we get this data from the companies, we start to get guidance and hear from ceos, what do you think we will be able to glean from this commentary and from these numbers about the future . I think the actual reports for q1 are somewhat of a nonevent given to out of the three months were pretty decent. Ae problem is given that large percentage of companies, certainly a record percentage have simply withdrawn guidance
Most confirmed cases of coronavirus around the world major developments giving investors something to be hopeful about. We need it well have more on that in just a moment i wouldnt mind seeing some w who der hors doeuvres behind you. Its cozy and homy i feel better already. Well have happy hour on friday. Crude oil crashing below 20 here its a problem for the energy complex. Overall its a bit more advancing stocks and declining stocks were not far from the highs today. This time exactly last week we were 34 off the historic highs. We hit february 19th that was the bot too mantom. A lot of people thought it was the bottom and we got smacked in face or prid we have seen lower volume on the day. Weintraday ranges. The vix has dropped below 60 im not saying its over im saying the market is acting a little calmer today than recently great news from abbott about a potential 15 minute test exxon is flattish today. Boeing, i cant describe it. It was 97 at the end of the week now its 140 it has
Particularly in terms of the health of the commercial corridor toward, the fact that retail is changing and that 340 square foot, that is tiny, but we want that. We want to be able to use that. This would be a legally approved project and along with the sign approval so we would use whatever permits would be associated with it and we would be signing it off. We have opportunities for the Building Permit and this decision by our commission. Either way. Did you have further . No. I sure commissioner melgars concerns and i things we should be doing whatever we can to support retail. I would second the motion but would also make a comment it feels like some additional legislation is necessary to get staff a little bit more discussion in this area under circumstances like this so it is not a oneoff going forward, but the size of of the cost the retailer seems out of whack with what the benefit from what the city would get from a smaller sight. I second the motion. The motion is to approve t