Lieu of people who have been told do not go outside this is crazy but heres what we want to do we want to start with Something Else i want to start with this what in the world i have to ask is going on with european carmakers who are being caught red handed lying and cheating what are they lying and cheating about car emissions its like if i sold you a car and i guaranteed you that it does not pollute the environment but it does. If you drive a Mercedes Benz this may have happened to you investigate or say the company produced to a t 2 180000 c class and class vehicles 280000 of these things that were outfitted with a little trick gadget that goes into the car to fool people into thinking that its not polluting when in fact it is essentially who they want to fool is the people who test the cars for emissions right the maker of mercedes has recalled 700000 cars and while the investigation of mercedes continues volkswagen is still reeling after they got caught pretty much doing the same
Residents continue to follow physical distancing orders, the state will face a shortage of 16,000 hospital beds. And california now nearing 10,000 confirmed total deaths. And the bay area has at least 2700 cases with 68 deaths. And Santa Clara County is the hot spot in our area, now nearing at least 1,000 cases. San francisco also jumpeding 10 just the past 24 hours. A lot happening. Good evening. And thanks for joining us. So with that as backdrop, new shelter in place restrictions in effect for the first time today. The bay area extension now reaches may 3, earlier today london breed said there is a possibility that it may extend even further for the city. You are seeing what is offlimits as of today, no more playgrounds, golf courses, tennis or back courts. And no more dog parks. Some experts believe that the social distancing is helping stem the trajectory of the coronavirus. But the citys Health Director says that it is too early to know if that is the case. The extension and the
Taylor really seeing some big gains on the s p 500. This is the second straight monday where we have seen big gains. All of the monday before that going to march 2 posting big losses, so a relief that you are seeing some gains come in. Small caps are doing the best. This is a barometer of the u. S. Economy. Some hope, given new york city fatalities have perhaps started to level out, that the economy can get running again. There is some hope in the russell 2000. The riskiest of all sectors, the stocks index, many of the chipmakers get the revenue from china, also the biggest performer of them all. Take a look at the vix. 44 handle. This is the lowest going back to march 6. Finally, i want to look at some of the individual stocks moving today. A lot going on underneath the mes. Carnival is up 26 after a Saudi Investment Fund revealed a stake in the company. Ulta beauty rising 26 , added to jpmorgans focus list. Ulta beauty is one that jpmorgan is liking today. Nvidia, chipmaking stocks r
Than 2 , that would be breaking the streak again today. We are seeing Dollar Strength continued to climb and crude is up 3. 5 on news we expect saudi arabia and russia to try to get together to figure out how to cut back some of that supply. Flipping up the board, i wanted to take a look at the residential market, in particular rates we have been looking at. Ellington Residential Mortgage rate is one i am looking at. It is up 50 verso. It is having its biggest intraday gain ever. It did provide updates on its portfolio and business operations, which is giving investors a relief. They did come out and say they have met all of their margin calls. They lowered they lowered their leverage position to a strong liquidity position. There is a lot of focus on the commercial mortgage and the residential market, how this would fare. Today people are less concerned about the health of the mortgage market. David . News. I like good to what extent is some of the lift we are seeing inequities Short
Stop the president and its been trying this project until. Those we have produced to post this were to snipe at them with a new look because that is the cousin with you swear your supporters to your machine as they should or shouldnt for you should cook door for the one whos job does the ripples through. The world is driven by dreamers shaped by the person that there is but. The dares thinks. We. Ask. Greetings and sal you take. It appears my friends that the dream of the United States we all grew up learning about is now about the more than the burning final embers of the once powerful fire i say that because according to reuters the guardian and many other News Agencies the United States of america and its representatives have been running a no prisoners winner take all style approach to Global Medical supplies since finally taking the covert 19 pandemic seriously a few weeks back reuters reports that from europe to south america u. S. Allies are complaining about the superpowers wit