Yields crumble this move lower has huge implications on commodities, rates and multinational stocks tim, you say this is the sloppiest chart in the market right now. Why . This has not been orderly sloppy for the dollar is not something we should feel confident about. In the shortterm, i think the dollar is oversold i think we could see the dollar bounce a bit but i think this trend is intact i think its supported by some of the fiscal dynamics and really also a current account surplus in europe that people kind of forget about and banks that are a bit better in europe. What does this mean for oil . We forget that oil was really the asset class that led us down into the abyss this was a sunday evening when people were concerned about the rest of the world and you saw that saudi and russia were not going to deal with oil prices. What it meant for asset prices around the world and certainly for hard assets is very dramatic oil is the last to recover these charts have been consolidating.
Offering free coronavirus testing for anyone with symptoms. The Testing Center is open for all regardless of where they live in the bay area regardless of immigration status. Theyre being conducted at fire station 7 in hayward. Fire fighters and paramedics are prescreening people as they arrive and no referral from a doctor is required to be screened. The screeners is going to ask some specific questions and criteria has to be met. So if youre not exhibiting a fever of anything over 100 degrees, youre probably going to be turned away. I want to emphasize that. We want to treat those and get those test kits to the people that need it the most. Were told those test results should come back in six to 24 hours. The center is open daily from 9 00 a. M. To 6 00 p. M. Santa clara is preparing far surge in patients as more testing becomes available. Theres a plan to turn the Convention Center into a facility and injuries from car crashes and in just the past hour, our crews saw federal officia
Results in less than an hour and now its fda approved. That it can has the potential prompts hotels into makeshift hospital wards. Support for Health Care Workers to speed up the process in on the frontlines knows no getting results. Since last time santa clara borders, the eiffel tower dazzled in a tribute to Health Care Workers, in spain first confirmed 67 more cases since yesterday. A man died in Monterey County responders switched on the sirens to praise the hospital of the coronavirus. Workers, four states in the 11 have died in the bay area and 27 in the state of u. S. Have asked all california. More on the testing efforts nonessential workers to stay under way. 45 minutes, thats how long home. Theres growing calls to it takes to get the results of postpone the olympics. Track and field is asking the the case. They will roll the tests out at summer games and delayed. That follows a request by the the end of the month. Government Health Officials say as the pace of tests increases
Im frank mallicoat. Lets check in with rosemary and get that forecast. Good morning. Good morning. Mainly dry starting out. Thats going to change during upper 40s in livermore and san jose is at 52. Temperatures are beginning to rebound and we are a few degrees warmer than yesterday. Your sunday. Scattered showers in the forecast for the first part of half moon bay, a whopping 13 your day, becoming more degrees warmer. It has to do with some offshore wind out widespread into the second there. Half, especially for the central and south bay. It just shifted and its coming in from the southeast but it the north bay, a few sprinkles expected. Was coming in from the northeast. It is the south bay in the we will continue to have a central bank will receive most light breeze in and around the of the precipitation. We have an extended forecast. Bay area. A little dusty in the hills at it looks a bit rainy and cooler a little breeze year in the than what we are experiencing this weekend. Hills.
Good wednesday morning, welcome to squawk alley im Carl Quintanilla another busy day as our eyes, jon are peeled on the tape. Yes the market give and taketh away. This morning it takes. Dow down right now about 900 points and change. It has been down more than 1,000 rbcs mark and jeff join us now. Good morning, guys good morning. Good morning. So id like to start, mark, with what you do with the many calls that youve made already given this new environment that were in affected by the coronavirus and covid19 we can talk netflix, expedia, two different stocks in terms of how theyre being affected but perhaps illustrative of how investors need to look at their portfolios and how things could be affected. Lets look at netflix, you say its not recession proof but you believe its resistant why . So in the internet space, Consumer Internet space, ke extremes, the companies with the greatest exposures, troubles with their Business Models and the virus and recession, would be the travel compan