The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Growth Outlook taking a hit. 1. 2 in theup by red this morning. A down day with trade disruptions back on the table alongside virus risks. Flipping the board, we are seeing bonds on the advance. Aussie tenure yields off by four basis points. Treasury futures to the upside after the overnight flattening we saw in cash yields as the bond market is signaling a more cautious outlook than we have seen in stocks. Check out the dollar extending gains against g10 peers with increasing u. S. Trade tensions
That is where we are at the moment. Another down day for crude. Brent also down. Tom lets get more analysis on the market. When you look at what happened with help things are playing out in asia, is it taking offer a stellar quarter . Probably a bit of both. Concern withys the cases we have seen. In cases like texas. They have a bit of a crisis going on there. The fact that new york, new jersey, and connecticut have now set a quarantine for people who travel from these hot zones and the rest of america. Imposing an economic constraint. They are worried there will be another abruptness to this. That the Economic Growth that america had. In states of new york, when they take this action, that is a worrying time. That would hurt businesses on a much bigger basis. That is what wall street is concerned about. The hit to the economy. There has been talk the u. S. Government is getting ready to do a fourth round of fiscal stimulus. There has not been any details yet. The market would be conce
Sasse of nebraska. After words is a weekly Interview Program with relevant guest host interviewing top nonfiction offers authors about their latest work. Reporter hello and welcome. Thank you for joining us. Cspan thank you for letting me interview you about this really good book and congratulations. Guest thank you for having me. Last time we did the show we talked by your fantastic book that was a bestseller. Host you asked a lot of hard questions and id plan to repay you. You are only in your mid50s and people have heard your introductions. I wont review all of it that you are freakishly productive but you have already had an accomplished globally renowned musician and you lay down your horn became a behavioral social scientist and lots of people cite your work in an academic context and lots of lay people like me cite your happiness studies all the time. He wrote to many books that are National Bestsellers and now youre in your third career at the think tank American Enterprise ins
Extinguished. California is getting closer to reaching an important goal. I think its quite gratifying. Reporter the university of washington in seattle crunched the latest data. Here is the surge of covid cases in new york, and here is california. The bay area should be get congratulated. The curve looks plenty flat right now. The peak of hospital cases now hits the golden state on april 13th. Lots of capacity right now. Reporter ucsf epidemiologists explains there is a caveat. This pandemic is made up of different epidemics spreading through the state. There is one epidemic in Southern California, there is another epidemic in the bay area, there is another epidemic in sacramento. Reporter that means the apri 1e is a blended date. They probably wont hit all at the same time. If anything, we might expect the bay area to come a little before the ones in Southern California, which would be if we could if they could be separated that would be great. It really helps out with sharing equipm
F0 now at 11 00, stunning accusations against a bay area nursing home where six patients have died from the coronavirus. My wife shes a nursing assistant, she tested positive. They told my wife, you can come back to work. Tonight the serious questions about safety at this facility. A big week for holiday celebrations but churches are now taking their services online. Some bay area restaurants are forced to change their Business Model due to the shelter in place. Could Grocery Service be the thing that helps them weather the storm. Now at 11 00 and streaming on cbs bay area, the coronavirus turns deadly again at a nursing home. Joe vasquez is in hay ward where family members of patients and staffers have raised troubling questions about the facility. Alameda county Health Officials now report six patients of this nursing facility have died as a result of the coronavirus. 59 people here have tested positive. Thats 25 residents and 24 staffers. Tonight we watched as mortuary workers arriv