Along the rest of the california coast are not affected. A lot of relief in the bay area, our beaches remain open. There are rules, in san mateo county, people are limited in how far they are travel to use the beach. You can travel from ten miles away to milwaukee or one on the beach but the parking remains closed. They have switched to take out food and customers only. I think locally, yeah, people will good feel good about it. I think will be thought the in their moun their mind, you know, are we going to be able to have beaches . And hopefully people are mindful of what were trying to accomplish. Again, its a tenmile radium. You could get pulled over, asked to find out where you are and literally make a uturn there. The Sheriffs Department will have extra staff enforcing and educating people to make sure they are not violating the order. Beaches in can t closed. You are still jump in the water any time. To paddle board, surf or swim. You cant hang out or walk on the beach from 11 00
Money away for loan loss reserves. Alison Williams Joins me now. What were some of your takeaways. [no audio] actually, we are still working on her audio, so lets go to Annmarie Hordern first. Part of what we heard was from fatih birol of the iea talking about how bad demand would be, despite any production deal. Annmarie some seriously drastic headlines out of the iea. The other part is what they are talking about what this means for storage. It is testing the logistic capacity to the limit. On the demand side, they see april serious demand destruction, down 29 Million Barrels a day. For the year, what that means is 9. 3 Million Barrels a day, the worst we have ever seen on record in terms of demand. What the opec cuts probably did was maybe pull us back a little bit from the brink, but not doing that much. You can see that with what is talking about in storage. They say that could be exhausted by the middle of the year. All of this putting downward pressure on the future prices. Wti
Month for health care and frontline workers were dealing at a time where we need to go bold late and we need to meet this moment without playing small ball any longer in Los Angeles County authorities are lifting the restrictions on coronavirus testing. And beginning friday. The city will require residents to wear a mask or covering in supermarkets and other essential businesses and if youre not covering your face. By friday morning in the Central Business can refuse you service it follows a series of aggressive moves throughout the state beginning in midmarch that Health Experts say appear to show. The california is bending the curve these measures will be disruptive to day to day life. But there is no need to panic on march 16th, San Francisco became the first city in the country to issue a stay at home order. Bustling neighborhoods quickly became ghost towns 3 days later on march 19th newsome issued a stay at home order for the entire state, california got it right medical experts s
Today. Lets go to the boards were not at the best levels of the day. Nonethele nonetheless, were hoelding onto pretty good dangains. The dow is up. Nasdaq has some profit taking today. Its been the big winner apple and microsoft and amazon giving a bit back along with some of the other names as well. Pete, im going to come to you first. Youre the one who had more stocks than you had in a long time where do you see things now . Friday have generally not been great because no one want toed go into the weekend feeling long then you had the gilead news last night you have boeing starting next week you have more plans to reopen even in a slow fashion where does this lead us as we head into the weekend . I think people want know how they should be positioned thinking about what could happen next week. Its nice to have a light at the end of the tunnel, so to speak, or something. Some sort of light thats what we got out of gilead last night we had move last night long before this morning. We w
Conference in february for signals to take the coronavirus pandemic seriously people are looking at california as a Success Story and seeing what it is that we did that seem to have a work we spoke with doctor bob wachter chair of ucsf department of medicine who has been vocal about california showing early signs of flattening the curve everybody took it seriously and said even though we havent seen many cases here we believe and we believe the science were going to stay at home and do the right thing its been almost 3 weeks since governor Gavin Newsome issued the first statewide stay at home and 8 in the country in his Daily Briefing governor newsome described a steady but slow growth in covid19 cases in the state he also talked about securing supplies like and 95 masks and ventilators that as of wednesday, the governor announced the highest death rate in the state and a plea to take the coronavirus seriously depends on you it depends on 40 million others in the state of california an