And up to 200,000 deaths. The president listening to his medical advisers and he has adjusted policy. The social distancing rules will be extended until april 30th. Therefore, the shutdown of the economy will continue well beyond easter. The president says the recovery will start by june 1st. On the markets, expect continued volatility. We have certainly seen that already today. At one point early this morning, futures showed a loss of a couple hundred points. Now we are looking at a gain at the opening bell of a couple hundred points. That would be almost 1 . A similar gain, better gain, actually, for the nasdaq, up about 1. 25 and the s p also up over 1 . A rally at the opening bell. Investors seem to like the idea of more pain now so we get out of it faster. The other big financial story is the price of oil. This is apart from the virus. This is the price of oil. Look at it. Its down to 20 a barrel. Earlier it hit 19. 20. 48 is the price right now. The saudis have declared war on Am
Today we are announcing a new effort, healthcore. Ca. Gov that will provide a platform to match individuals that may have retired in the last five years that are nursing students or medical students that are nearing to incorporate and encourage them to be good on the platform to provide for the platform and meet the moment over the course of the next number of weeks as they continue to rise. We couldnt be more pleased by the incredible professionalism of nurses and doctors, our professional representatives that came together across many differences and organized to provide more flexibility, more Surge Capacity for the system. Allowing us to utilize our existing resources in a more resourceful way. I want to thank all the representatives for putting aside those differences and meeting this moment head on. To provide the flexibility that is required to meet this moment. We have an executive order that went out that will provide flexibility through june 30. This is temporary flexibility o
We are going to be talking live with a Washington Post reporter to break down the number of cases of whats happening inside the citys hardest hit hospitals and how lawmakers are responding to the health crisis. Also feeling the emotional pressure on their shoulders will fighting against the virus. Who healthcare workers are turning to for their health. Good morning and welcome to mornings on 2 as we broadcast from my backyard as a dog is barking. The open estuary, that dog is in my house. This is the way it is. This is the way it is the dog is barking at something walking across the street. Welcome to mornings on 2. Work at home. Actually have taken over my husbands office. Its is real life. Its my first time added and everyone is kind of wondering what you doing home dad . That is life. That is what we are doing. With all the technology we have these days, im happy we are able to produce a newscast to get the information the people need and still do what we do. And what we have been d
S p indicated down about 4. 5 looks like the 10year is yielding below 1. 6 . 1. 549 well talk about what china did. Loan rates there dropping as the company tries to take on the impact of the coronavirus. Lets get an update now on the coronavirus. The people on the ship, a couple of people did die from the coronavirus. China as we heard cutting its benchmark lending rate that was expected. Authorities looking to boost the market unfortunately, two passengers from the diamond princess cruise have died. The first reported deaths in connection with the ship which was quarantined off the coast of japan nearly two weeks china is again, changing the criteria of confirmed cases adding confusion to tracking going up or down and whether weve seen a peak or close to a peak l brands reportedly selling shares of victorias sek receipt valuing that brand just over 1 billion. This had been expected that theyd pay for it. L brands chairman and ceo will step down as part of the deal but remain on the b
In fremont a violent Home Invasion followed by an hours long standoff. What police are saying about the crime. He says he was a victim of racial profiling. Investigators in san bruno are calling a womans disappearance suspicious. Tonight we hear from family. And attracting a cold front thatll bring us some showers for part of our weekend. Well have the hour by hour forecast in accuweather. Abc 7 news starts right now. Governor newsom delivers a major blow to pg e tonight. He rejects the utilitys plan to pay wildfire victims and emerge from bankruptcy. Pg e announced a 13. 5 billion settlement just last week, but newsom says the plan isnt acceptable under state law and doesnt do enough for customers. He says it doesnt provide for a new board of directors and doesnt have a key provision that would allow for the take over of the company if necessary. In the statement peej sag e say believes it complies with law. If the proposal does comply with th law it can dip into a state fund. Now, we