Keep their employees on staff, lenders were met with error messages and a frozen sba site. Former ubs america chairman and ceo robert wolf on how both banks and the government can salvage the reputational damage. We will get some numbers and bring them to you and of course, the president as well. We are one hour away from starbucks first, as we are calling it, covid Quarterly Earnings report. Board member clara shy on what investors can learn from starbucks china reopening plus how her company that she runs is helping major businesses, publicly traded companies, fix their biggest problem of the coronavirus crisis. Slow Response Time for their customers. And imax stock thrilling investors in this final hour. And charlie breaks it on who is breathing down banks necks now. Less than an hour to the closing bell, lets start the claman countdown. Liz all right. Breaking news. As i mentioned, we are waiting for the president to speak but we just got an important number, sort of a subset of nu
Lauren. Lauren very choppy. The dow was set up to be up five days in a row, 357 at the high. Closing in the red, s p is lower. It is on track for the best month since 1987. Nasdaq is the big loser. Technology down. Health care weighed overall. A lot of dow components reported today, four to be specific this morning. Only one of those,fieder actually reaffirmed, rare to do this, reaffirmed fullyear guidance but take a look at its shares down over 1 . Pfizer spending money on a coronavirus vaccine. It says one could be ready for testing next week for use by the fall. Also technology, investors are waiting Quarterly Results from the Big Tech Companies starting with alphabet. Any moment now they want to know how immune is big tech to coronavirus and how has ad budgets been slashed . Take a look here. Were seeing so many of the stocks been hit hard with the virus come back. Consumer confidence and a Regional Manufacturing report, completely nosedived this month. Still investors overall opti
A tremendous collapse of the capitalist state institutions that are supposed to help people during a crisis the guidelines for what to do have been all over the place the medical gear is not available the hospitals are overwhelmed that the test still arent widely available in the u. S. Can you talk about why it is that our institutions have failed us so it thoroughly. You see you can. See the lazy shit by the budget or government how do you know what is so gallus legal austerity should actually leave. The United States government since the financial crisis of 2008 has deeply cut into these areas the area of education and social. Which is why on the one side there was no real preparation for the emergency on the other side you know you have a relatively hallucination driven Political Class just not science based you know they dont actually have an understanding of reality it seems to me so right. That the World Health Organization theyve led a blue pandemic donald trump and alex is expe
See the rain. Small Square Footage of space in now over the coastal mountains front of us. If someone is ten feet down the and of course San Francisco, a way and decide to stop and live look, you can see that rain drinking a togo margarita, i have no control over that. On our lens and its in the form of some showers so its not heavy just yet. If you notice in the temperature luckily the Police Department is trend through 11 00 a. M. Well around. San Francisco City leaders are now calling on the Police Department to expand enforcement see the shower activity. A break and then another round of rain that should pick up into in neighborhoods where people monday. A wide look. Violate the rules. And folks rallying to you can see the system just off reopen. The coast. Yesterday dozens of people gathered in napa for what was it made its way in starting last billed a freedom rally to open night. Our storm ranger up and scanning not just the city but the county. So this will help me time out the
Day. He said he expects the testing will increase to 25,000 per day very shortly. We have more on the covenants announcement today. Reporter today in an hour plus News Conference very much lacking in specifics, the governor laid out scenarios to reopen in california and vowed he will not be pressure into premature anything. Politics will not drive our decisionmaking, political pressure will not drive our decisionmaking. The science, the data, Public Health will drive our decision making. Reporter the governor says theres been a lot of progress on testing and tracking therapeutic medicines, vulnerable populations, homeless, healthcare surge capacity, appropriate personnel and personal protective gear. The state held officers showed a very encouraging sign. Smacked the total number of hospitalizations from covid19 and the total of number of admissions and icus from covid 19 have remained stable. Reporter a specific as newsom would get on anything was suggesting, not approving, reopening