Moments of stress where it matters most is where human judgment is most valuable. The traders on the floor arent going to stop major market movements, but theyre going to make that micro volatility, the small round about the edges which saves investors money. We have seen a degradation since we closed the Trading Floor. Reporter is there a symbolism to having the New York Stock Exchange Trading Floor open . Without a doubt. The facade is the face of globalism and our economy more broadly. So recognizing the fact that we can set an example for how america should reopen, slowly, cautiously, flexibly, ready to move as needed is an important thing for our economy more broadly as we look to get it st eporter but the tray. P. P. E. Like face masks will be required along with social distancing, and there will only be about 25 of the normal trader work force on the floor. Around 100 people. Were focusing on those that are Small Businesses because theyre impacted. Thats an Important Message for
Encouraging news in the development of two experimental vaccines for covid19. Both hitting important milestones. And delivering conflict. As we rely even more on delivery apps like grubhub and doordash, what was once a love affair is now a war with restaurants and the cities they serve. Well go inside the booming business that some call a financial bust. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. We cant stay locked down for such a considerable period of time that you might do irreparable damage and have unintended consequences. Reporter this memorial day weekend will look very different, and officials want it that way. New restrictions at beaches and restaurants are in place with the hopes of preventing the additional spread of the coronavirus. Were not bothering anybody else. Were not going to be around anybody else. Its just us. Reporter President Trump declared places of worship essential places saying he wants them to open immediately.
A 1000 infections now. And the. Coronavirus patient in london sends a message that itself goes viral across europe. To hamas now have all the sporting puting. That crickets most lucrative t 20 tournament at the Indian Premier League will be able to get underway next month because of the current a Virus Outbreak. Of there have long been warnings that the right of corona virus infection in the u. S. Would be worse than thought and now there is proof the United States has surpassed all other countries with 85000. 00 plus infections close to half of those are in new york state alone and chinas president xi jinping says he is offering his support to. Help the u. S. To fight the virus well be talking about that a little later on weve also got these 3 correspondents bringing Us Developments this hour laurence lay there he is in london with the latest updates from the u. K. And youre in johannesburg i mentioned this of africa with its 1st 2 deaths katrina you also with the latest from beijing
There are now more than 200,000 cases worldwide. About 370 confirmed cases in the bay area and in santa cruz county. Counties have been directed to shelter in place and its unlikely that schools will reopen before the end of the academic year. Sam lacardo will announce relief programs for people out of work or sick because of coronavirus. And theres a bit of good news for people who havent been able to find what they need in the Grocery Stores. Our crews in the field notice the panic buying is slowing down. This morning when a lot of you are waking up to start homeschooling your kids or working from home, they have been up for hours restocking shelves. Fresh fruit and vegetables that are dependent on our health. Amy hollyfield live in south San Francisco. Good morning, amy. We hear about people stockpiling on toilet paper and pasta. You dont think of people binge buying produce but we checked in with the distributors and they say people are doing just that. Theyre really seeing a big r
Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining us for the full first hour of the show, lindsey bell from ally invest they have 7. 85 billion in total customer assets. Shes here along with our team of reporters to break down this massive market sell off. Bob pisani is on the floor of the change Brian Sullivan covering the Oil Price Collapse mike is here to look in the the market mike holland ond transports. Well get to all our reporters the dow is down 7. 25 . B bob. Important thing is the Circuit Breakers hit this morning. Down 7 . Halted for