Inperson activities shut down can the nfl save football from a covid collapse announcer live from cnbc global headquarters, the facts, the truth, the news with shepd ard smith. Good evening. Doctors and Health Experts warning about another surge of covid cases. More on the cure in just a moment but first, a look at where this pandemic stands heading into the month of december. The United States now averaging more than 162,000 cases this past week. This month alone, we reported more than 4. 2 million new cases. That means near lily one third all of the cases have been added in november. Right now 93,000 americans are hospitalized with covid. As you can see here, the deaths are climbing towards that peak it comes as millions of americans struggle to dig themselves out of financial holes caused by the pandemic so far congress has failed to provide more relief. The consequences of the inaction growing by the day but its a different story on wall street. The dow rose by more than 11 in just
Lets take a closer look. The blue line, the positivity rate. 7. 6 . That is the average number of people infected over a 14day period. Most of the people who are tested in the beginning had symptoms and tested positive. Now, a lot more people are being tested, about 100,000 more a day compared to the beginning. Governor newsom says this is the threshold, 8 . If we get there, we will see more close sures. There is some good news when it comes to hospitalizations. Those numbers dropped for the first time in over a month. Check this out. We saw 7170 on july 1st. And then 6825. That is a sign that people are getting better. Today, the governor added Santa Cruz County to his watch list. More closures are likely for areas. It joins eight bay area counties already on the governors list. Its a familiar story. They have seen a surge in cases in the past couple weeks. Today, the county also announced its fourth death. If the countys on the watch list for four days, gyms, personal care salons and
Set to expire august the first. A new report from working partnerships usa and the Law Foundation of Silicon Valley predicts a looming crisis when that happens. We predict and eviction time bomb of 43,000 evictions which is 16 times the normal rate we see in a typical year. Reporter this, in Silicon Valley where rents are among the highest in the nation and when the moratoriums and tenants will be asked to pay back rent too. Most of these low income tenants that have been unable, they have been unable to pay rent, they are going to struggle immensely to pay hundreds of dollars additional each month to be able to pay the back rent. Reporter the nonprofits say there needs to be action to extend the moratorium and to provide Legal Assistance and to get congress to act on rent relief. We see this crisis compounded what was already a very severe housing crisis. Reporter the California Department association believes there is a crisis too, but sees a different solution, government rental ass
Board, again, trying to challenge the tesla hold on the market. Wm has a factory in shanghai. Lets check the markets. Risk off on the u. S. , falling 2 on wall street on the back of concerns about u. S. Jobless claims. The virus, above 4 million cases now in the United States. And as we said, concern that the economy in the u. S. Is in trouble. Screen, read on the broadly across the msci asiapacific, down. 6 . On the mainland would just talked about the proposed ipo by wm motors, small caps setting off more than 2 as we get for the end of the week. Ong kong looking attractive to investors, it seems, down. 2 percent, up despite concerns highlighted earlier. Weakened byyuan. 1 , currently around seven in terms of the offshore yuan. The aussie dollar and the japanese yen, looking at that as well, the 10year basis point, 58 for the 10 year as a result of the risk off we had at the end of the day on wall street. Chinese, 2. 91. Gold at 1. 46 in terms of the goldsilver index, and philadelphi
Exists, goes. Meeting,he big fed take a look at the 10 year we are down to 58 basis points, going back with that handle. Earlier in march when the 10 year dipped below 50, a strategist said, i am no longer writing about the 10 year because it is nonsense at this point. I push this story forward to see what the fed has to say about this. Caroline lets push it forward to next week and get jonathans perspective. How are you looking at a week where we headed bloomberg . Next week, we get big earnings. Where are the areas of the market that are unloved that could be opportunities . Jonathan if you look at one area that is interesting, it is going to be the financials. If the economy is better, if we get a vaccine earlier, it is going to be that group that is going to either continue to anchor the market lower or if this does relieved to the upside , that is a group that could do better and there is a disparity between credit spreads, which are saying, no one is defaulting on a loan, everyth