Will go back gradually to the point where we can function as a society, but you are absolutely right, that means come if you want to get to pre coronavirus, that might not ever happened in the sense of the fact that the threat is there but i believe with the therapies that will be coming online with the fact that i feel confident that over a period of time youll get a good vaccine, that we will never have to get back to where we are right back now. President trump said he had a warm phone call with the former Vice President joe biden today, he said last week that he wanted to share lessons from the obama ministration on how to deal with the coronavirus outbreak. The number of cases continues to rise here in california, as emergency officials are preparing for a surge. There are now more than 15,000 confirmed cases of the virus across our state according to Johns Hopkins university and today, the number of people who have died in california now stands at 353. Gov. Newsom today announced
Positive signs from italy us. If you start to put Armed Conflict. And focus to gether on the to fight of all life. Was there when secretary general calls for an immediate cease fire around the world. And japans Prime Minister finally admits they may have no choice but to postpone the olympics. Follow in the last half hour the u. K. Prime minister has announced a nationwide lockdown to try to halt the spread of the coronavirus all 66000000. 00 residents will be required to stay at home for at least 3 weeks theyll only be allowed to leave the house to buy groceries go to the pharmacy exercise or go to work or is johnson says the restrictions will be enforced by police. No Prime Minister wants to enact measures like this i know the damage that this disruption is doing and will do to peoples lives to their businesses and to their jobs and thats why weve produced a huge and Unprecedented Program of support both for workers and for business and i can assure you that we will keep these restri
To back the bell and set to publish their own support program. Force johnson orders the u. K. Into a three weeks lockdown, sweeping new laws to breakup gatherings and fine any dissenters. Taylor meantime, i want to bring you some breaking news coming out of china. Their companies are having the worst quarter on record, according to china. The headline as it catches my eye, the economy has not gotten better as much as we thought they would be returning to work. It looks for the first three months of this year, a Quarterly Survey of all the firms, it looks like every individual sector was reporting worse results than originally thought. Saleswas a widespread in amid the harder hit retail sectors. The collapse in revenue and profit. Again, Economic Activity collapsed in february. This is as we knew that there was the massive virus spread that was going on. I think the key headline is Chinese Companies continuing to have the worst quarter on record. Every individual sector reporting worst
Now, latest numbers. The house is preparing to vote on multiple dollar package. What you need to know coming up. The nba suspending season, suspending season until further notice. March madness to be played without fans. Selloff extending across the globe. European markets deep in the red followed by travel announcement by President Trump. 1. 7 . Cac quarante down 258 and dax in germany lower by 588. Almost 6 . Italy tightening lockdown even further allowing Grocery Stores and pharmacies to stay open. The European Central bank out with latest Rate Decision this morning. We will have that for you as soon as it hits the tape. Investors are looking for news of stimulus to battle the Economic Impact of coronavirus. In asia red across the board. The shanghai composite down 1 and a half percent but japan worst performer down 4 and a half percent. Lets check Interest Rates right now. We are talking about a decline of 15 and a half basis points on the 10year yield now sitting at. 718 . This, t
Halftime report starts right now. Welcome. Its good to have you with us on our wednesday. Jim lebenthal, Pete Najarian and from naples, florida, lizann sonders. Highs of the day, approaching big numbers, dow 30,000, nasdaq 10k, not that far away and cooperman weighing in on the state of stocks, telling us its not time to worry, yet. I would say were in the early stages of knocking on the door of euphoria but not quite euphoria certain parts of the market, like tesla, are in euphoria. Other parts, like energy, are in pessimism. These big numbers not all that far away, pete. All good, the market depends on what were focusing on. Are we focused on the coronavirus . If so, we go down. Generally were focused on earnings and we go higher. Thats where the market has been trading. Yesterday was interesting because apples with a little bit of both, right you look at apple. It was getting pushed down because of their guidance about what they were facing right now, what they were seeing Going For