Governor newsom gave several updates on californias fight against covid19. Among them the number of desperately needed shipments for testing kits and medical masks. I want folks to know that we have already distributed 24. 2 million n95 masks in the state of california. That is significant number. Its still insignificant to meet our needs. Here are some other headlines from the governor. The state has secured 100 million new n95 masks to be sent out asap. 100 million. As well as other gowns and face shields. 150,000 new test kits are being sent out from state labs. California has tested nearly 67,000 people. Of the more than 2500 positive cases, 51 of those are between the ages of 18 and 49. And more warnings from San Francisco officials for people to continue to stay home to stop the spread of coronavirus or slow the spread. Mayor breed sent letters to Governor Newsom and Vice President pence asking for more personal protective equipment, ventilators and hospital beds. We estimate tha
Talking about what is happening with the coronavirus and appointing Vice President pence. As he was speaking, one of the cases of unknown origin that happened in europe as predicted if you look at the treasury now, you see the 10year is yielding 1. 297 . Not negative yet. President trump speaking about preparations last night. We are very, very ready for this whether it is going to be a break out of larger proportions or whether or not we are at that very low level and we want to keep it that way he has tasked Vice President mike pence he also addressed the market response i think the stock market will recover. The economy is strong, consumers are incredible thats why we are doing well and other countries are not even before the virus our consume rp is very, very strong very powerful economically. And the president put some of the response of the dow to the democratic convection. Are you suggesting Financial Markets are overreacting here . I think Financial Markets are very upset when
Chipmaker is writing the demand for cuttingedge semiconductors. We set we had asset mark, a that is your business flash update. Romaine if you are looking to chinese asset company, up 23 . Buy a maximum security vault in singapore to store all your you also had iheart radio, which precious blue diamonds, you in dropped 3 . Luck. The freeport, considered asias fort knox, is looking for cloud strikes and some some recent ipos. Potential buyers looking to spend 74 million on ewald. Lets dive into our market action. Lets look at bitcoin. I thought this was interesting. They set this vault up in 2010. A roller coaster ride in the month of july. The whole idea was people with a lot of wealth and material earlier, bitcoin had been lower. I live on my own now possessions like gold, diamonds, ive got xfinity, in july, one point down double digits. Because i like to live life in the fast lane. Atis also up in a big way even cash, could have a freeport type of place to store that unlike my parent
Dan ives warns its a pr disaster. But our analyst calls it a super fun summer friday. He sees 30 upside from here. He joins us to make his case. One big name investors own, our guest is not following this, and says you shouldnt either. A special three bails and a buy is coming your way. But first, lets start with the markets. We kind of have a turn around. Its been a momentum shift. It hasnt been dramatic, but we are maybe near the highs of the session. So that point, i want to give you an ideawhere the range is. The dow is up 23 points, just about flat on the session. It may not seem like a lot. The s p 500 down six points or 0. 2 of 1 at 4363. But here is the thing. At the lows of the session, we were down 35 points. We were up two at the highs. So were a little bit more towards that upper end of the trading range so far today. Trying at least to recover a little bit from the steeper losses we saw yesterday in the s p and nasdaq. The nasdaq composite speaking of 13,262, down 53 point
At buy at mizuho. Mcdonalds higher after announcing ceo was going to add the chairman title to his accolades. Despite the excitement surrounding n vidianvidia, the p less than 1 and other chip stocks are lower including a supermicro plans to add more shares. Pharmaceuticals up 100 today. Astrazeneca offering to buy the company for 2 billion plus another 400 million if milestones are achieved. Fusion is working on new ways to target cancer cells. And with just 24 hours until we hear from the fed, that is where were going to start today. So what will the fed do . And when will they do it . The latest cnbc survey showing the economist strategist and Fund Managers polled expect three rate cuts this year with the first coming in june. Our next guest is in that threecut camp, but with a possibility of only two. Lets bring in Steven Stanley you just saw him come in there, didnt you . You saw him shadow. You saw the shadow of Steven Stanley, chief economist. Welcome. Good to have you with us.