Transit and sanitation will continue. So your garbage will be picked up. Police officers will be out there on the front line. Our fire safety officials and others. Also Grocery Stores and pharmacies and banks and gas stations will remain open. An astounding clampdown on life as we know it here in the bay area. Good evening, everyone. Im frank somerville. Im julie haener. The coronavirus is changing everyday life, where we go, if we work, the things we buy, things education, person to person interactions and financial stability. On wall street today stocks took another blow over fears of a recession. The dow plunged more than 12 , nearly 3,000 points, its largest point drop ever. Nasdaq fell 970 and the s p lost 324. Emergency action by the fed to lower Interest Rates and buy treasuries and mortgagebacked securities was not enough to stop the slide. Tonight Governor Newsom went on facebook to announce a number of new measures to help people in california get through this crisis includin
Down the coast. It is bringing back moisture as it wraps back around counterclockwise. Some of that 30s and 40s left behind on some very cold air. Some of that, though, is beginning to move in towards Mendocino County, lake county to the north and a little activity to santa cruz, although it looks like its winding down. Not a lot there. Same for the peninsula and also San Francisco. 50s on the temperatures, still below average on the highs. Sal is here. Whats happening . I want to remind people that even though we dont have much traffic, we do have some things that you need to know about Public Transportation systems, for example. Lets take a look at the roads, though. Youre probably wondering what is it like if i have to go . It is light on 80 and at the bay bridge. Some people were still trying to avoid transit. Transit is open. Airports are open. Well let you know in a little bit what some cities are doing about Parking Enforcement coming up. Back to you. So far, were now seven hour
Good friday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at post 9 of the new york stock exchange. Jon fortt has the day off. Weve cut our losses in half since the open, although oil is approaching below 42 know v now as the opec meeting continues. Well begin with the mornings markets, the dow falling again but well off the lows, down about 380 points. Mark mahane knjoins us live alo with mark just in the internet space, the fact that so many investors are trying to game out what the impact here of covid19 could actually be on the sector. How are you gauging, how are you assessing risk versus reward within your coverage okay. We had a pretty significant data point this week. We had the ceo or the cfo of Companies Like uber, lyft, and Google Alphabet all present at an Investor Conference this week i think what we heard from all of them is not yet a Material Impact lyft said they were seeing a small positive impact because people were leaving Public Transport
That 335 people have now tested positive for coronavirus in california. Six have died including four here in the bay area. Good evening, everyone. Im frank somerville. Im julie haener. There are a lot of coronavirus updates tonight. The cdc is now recommending that all gatherings with more than 50 people should be limited for the next eight weeks. Also the Federal Reserve took Emergency Action today and lowered its benchmark Interest Rate to essentially zero and another person died of the coronavirus in the bay area, this time in San Mateo County bringing the total number of covid19 deaths in the bay area to four. Life will look very different for many families starting tomorrow as dozens of School Districts around the bay area bill be closed. Governor newsom said everyone over age 65 should isolate themselves from those with chronic illnesses. As the number of people who tested positive for coronavirus grows to 335 in california, a 14 increase from the last count, now six people have
With them. With that patient. A judge could decide on those so those people are also being monitored. The two people who tested issues or to dismiss the case. A man drove a u haul van positive just now also were displaying symptoms of coronavirus. Into a bar injuring three thats why they were tested and have tested positive. People. The man was kicked out of the bar when he threatened the reporting live, im sergio bouncers, said he would be back. He wasnt kidding. He got in the van and drove into quintana. Thank you very much. A crowd of people sitting developments changing by the outside that bar. Hour as you can see. And this u haul van is just we created the Coronavirus Crisis center to make sure you driving down the sidewalk and have the information you need. Coming towards us. Today researchers in seattle we all jump out of the way and announced the coronavirus may then it runs straight into the have been circulating undetected for weeks in Washington State. That means hundreds of