We try to take a little bit of the california ingenuity and innovative spirit we are well known for and we reached out to perkin elmer, and we reached out to a number of other partners to develop a strategy. The governor said the lab has already created 300 new jobs with 400 more expected in the spring. To the south bay, a San Jose Church that says it will continue holding large Indoor Services in defiance of Public Health orders ring the covid19 outbreak, now the county is taking the church to court. Henry lee is here with more on this standoff. Reporter for months, Calvary Chapel in san jose have been holding in their services for as many as 600 people each week, despite a ban on gatherings because of the coronavirus. On friday, Church Leaders say nothing will change, even in the face of a 350,000 fine by Santa Clara County, which is now taking them to court. The pastor says he knows coronavirus is still active, but he is worried about a Mental Health pandemic. People are hurting, pe
Debt. Joining us to discuss is a high veteran, Lehmann Livian Fridson Advisors chief Investment Officer martin fridson. I want to talk about this wave of downgrades we have had. Yet, itenomenal, and seems like we have not reached the apex. Do you anticipate more double and triple downgrades . Martin i think we will see that continue for some time. If is such a dramatic change in environment, it is taking a while to get through all the companies, but in addition to aat, some Companies Just had light switch turning off kind of change. Historically, you have some finance companies go down quickly if they lost their ability to borrow, they could sell quickly. Industrial companies historically have taken a long time to make the migration that we observed recently. 1100 basis points around march 23, and then we had a bit of easing. What do you see in terms of levels, spread wise, and default wise . Martin default will clearly rise. Defaults will clearly rise. We think double digits. The high
You know, bookstores are placer people come to browse and shop, its a Community Gathering center. We put on normal times lots of author talks, we hold classes, we have a coffee house. Much of those activities had to stop since the spread of the virus. And with because of the warnings for social distance. The same time we been old karen some activity, largely through web orders. Also, at least until today, curbside deliveries. But even those curbside deliveries have been curtailed by the government. You have shut down your stores here in d. C. . The physical source . Guest yes it has come in phases. Last week we close the doors of all three locations to customer foot traffic. And we were still doing online processing online orders and shipping them as well as taking phone orders and doing curbside deliveries. But now we have had to, have an order that was issued by the d. C. Mayor last night see steven the curbside deliveries. So what about the author events . How many would you hold ty
Bookstores are a place where people come to browse and shop in the Community Gathering centers. Weve been able to carry on activity largely through the order is. At least until today the curbside deliveries, curbside deliveries have been killed by the dc government. Host you have shoved down your stores in dc. Guest we finally last week closed the doors of all three locations to the customers of traffic and we are still doing online processing orders and shipping them as well as taking the phone orders and giving curbside deliveries but we have the order that was issued by the dc mayor last night in the curbside deliveries. Host what about the author events. How many would you hold . Guest we were up to about 15 or 20 a week and about a thousand a week. We have been building our events steadily over the last decade. We tried for the very short while to hold some of them and we separated the seating and spaced them out. They began and finally we just decided to stop these events altoget
It is actually pretty severe. Many retailers around the country, bookstores is a place where people come to browse and shop. Community gathering center. Live put on normal times, lots of other taxable Health Classes we have a coffee house and much of that activity at a stop. Since the spread of the virus in the morning to social distancing. But at the same time, we have been able to carry on some activity largely through web orders and also, at least in general today, curbside deliveries. But even those curbside deliveries have now been curtailed by the government. See you shut down your source here in dc. Bradley yes we finally last week close the doors of all three locatio locations. And we are still doing, online processing or online orders and shipping them as well as taking phone orders and doing curbside deliveries. Minnelli of had to pass of an order that was issued by dc mayor last night, ceased the curbside deliveries. Peter when the author events. How many would you hold typi