Gone red as weve gotten more guidance on Net Interest Income on the conference calls. Yeah. Absolutely the banks are in focus as this first day of earning season in earnest really kicks off one of the names im actually focused on that reported this morning is fastenal, distributors, thats what they make and they provide those distributors to quite a variety of industrial excuse me industries and end markets, early indicator of the state of the industrial economy, youre seeing those shares pop today in part because at a time where so Many Companies are cutting their dividends they actually raised their dividend and they noted that theyre seeing product produced significant shifts in business mix and that march sales of the fastener products declined 10 on a daily basis as industrial activity slowed but their safety business grew 31 as they were sourcing and delivering critical ppe supplies to the marketplace why do i bring this up this is essentially what were seeing and i have a feelin
[applause] hello, everybody. I am so happy to be here with my friend, the commissioner, bud selig. I now realize it was a quarter of a century ago, i came to milwaukee, and read no ordinary time about frank and roosevelt. He wanted me to talk about baseball. Always that push and pull. What is happening in baseball, what is happening in the country, we have a great relationship, we became great friends with each others families and went to the hall of fame games together, went to japan for the opening day of the red sox, and all this time, bud selig would tell these amazing stories. I was glad when he decided to write this book which is a collection of the best stories. He is a great storyteller. I am so happy to be able to ask him questions that will illuminate. We will get to the thing that is on everybodys might which is the Houston Astros disaster and what that means for baseball. This guy is always authentic. He will tell you what is happening but i would like to start with the fri
Out. Theyre dependent on others to help them with their life. Tonight, new cases and frustrated families as facilities scramble to protect their residents. Reporter a top Santa Clara County official believes the pandemic could change the world of sports. How long he believes sporting events could be canceled. Reporter some bay area counties are imposing tougher restrictions ahead of the Holiday Weekend, and what marin county is doing to those violating the shelter at home order. Now at 11 00, and streaming on cbsn bay area. A nightmare scenario for bay area nursing home residents and their families. Good evening, im elizabeth cook. And im ken bastida. Were following new developments tonight at the Gateway Center in hayward. Seven seniors have now died from the virus there. Another 33 have tested positive. 25 Staff Members are also infected. The state department that regulates Nursing Homes say the gateway and other facilities, run by the same owner, have dozens of violations and citati
Mistaken, the foghorn buddy . I will have to check. Foghorn boogie . We do have low clouds in place, 40s and 50s on temperatures, it will be cooler as the fog bank has a pretty good wrapup, inland 70s but the coastal bay getting into the 50s now and off to the 60s. Cell sal is here now. Amazingly it looks like a normal day. People on the road, some people may be avoiding transit and taking a car, that is my educated guess, ridership on the transit is down but, the traffic here looks about normal at the bay bridge which is to say 10 minutes 50 minutes for a delay north and south looking okay, no trouble getting to the airport, highway 4 slow, so is the 680, i noticed that slow traffic along the same corridors for Park Services are available on some of the other areas, we dive into that a little more in just a few months. Now lets go back to the desk. More breaking news, the market had a very tough morning, so much so they actually halted trading out of the gate and is reopened, actually
Good thursday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt at post nine of the new york stock exchange. Morgan brennan with us from hq were going to continue to bring you nonstop market coverage from separate locations for a while as we reduce travel for employees as a precaution due to the spread of the virus. For the markets volatile this morning where we will start. Major averages deep in the red, had a circuit breaker. The president did institute the 30day travel ban for europe excluding the uk in an effort to curb the spread of the virus ali and brian both here on set thank you for coming in. Good to see you. Brian, what do we say . We know youve liked opportunities in this market do you still think theyre here . Its an honor to be here today on days like this, and when youre a strategist and portfolio manager, because we do both, we are defaulting to terms of i call it the three ps of investment management, perspective, poise and process okay the perspecti