Chinese demand levels almost at precrisis level. Time for todays market moving news from our washington and new york teams. We want to start with fed chair jay powells comments on the economy. In an interview with cbs, he expressed confidence in the recovery, but timing is still hard to predict. Chair powell the economy will recover. It may take a while. It could stretch through the end of next year. We really dont know. Michael mckee, International Economics and policy correspondent, has more. Was there anything new on cbs . Michael nothing really new, just summarizing what we already knew from the fed and from economists and disease experts. He suggested that what it is really going to take is a vaccine before people feel really confident and the economy can start to move back in the direction of where it was before all of this started. He said congress and the central bank may need to do more to keep us afloat during that period. Appropriate government policy could buy time for work
Works as both a Hospital Doctor here in the bay area as well as coicially in southern california. He says he got to see first hand what many of us have been fortunate not to see as the continues to ravage lace places like new york city. The number that i watch every day, which is the the worst is the number of deaths. That number has remained obnoxiously and terrifyingly high and its still not dropping at the rate we would like to see it drop. It is incredibly unique virus, ive never seen anything like it. Bay area doctor spent the last week helping to save weeks in the bronx. One of the things he witnessed was how quickly the virus can take hold when he helped a patient. We had one patient who was admitted to the hospital and didnt even have covid19, he was there for other reasons, psych reasons and then all of a sudden in the afternoon his breathing is just went into the tank. Though the respiratory system has been seen as the most vulnerable area. He saw the disease ravage bodies in
A math and how it works into the program governments around the world is scrambling to find ways to limit the spread of the coronavirus many have imposed restrictions on peoples movements and told us to wash our hands and keep out distance from others in some places especially in asia people have been ordered to wear masks some european governments are now also telling people to cover their faces but opinion is divided. Face mosques for years theyve been part of daily life for many in asia and now for parts of europe theyre about to become say to us troops decision to make it compulsory to wear the mosques in supermarkets has sparked a debate in neighbor in germany. The town of vienna has now become germanys 1st to announce similar measures though given the shortage of face masks the city has encouraged people to sow their own its a move large the welcome to buy their residence. I think its a good the more thats done the better and the more everyone does it the sooner well be free of t
In times of crisis, and with the dow plummeting another 1338 points, s p plunging 5. 8 and nasdaq down 7. 0 were in a doozie of a crisis you simply could not do enough to help make things better our government should always error on the side of doing too much in these situations because you dont beat a pandemic by thinking small not unless you get very, very lucky. So far we weve been about as unlucky as it gets everything is going wrong at once in terms of being constructive let me tell you what i think needs to happen to stop the tsunami of selling in your stocks in your portfolio when i say we need to think big, i mean huge, it was terrific to see a bill pass the senate with massive bipartisan supreme copo that help the cause. The government has said that bars and restaurants should close down payrolls a payrolls hotels, airlines 59 billion, all jobs are in danger and many are already gone we need to write checks directly to the workers we cant afford to tear the fabric of society b
North carolina. For Bernie Sanders, vermont. And right now were looking at alabama with polls are just closing, and that looks like it will be for joe biden. So three of the first four contests that we can comfortably report tonight go to joe biden who little more than, what, 72 hours ago was given up for politically dead. That was then, this is now. Whatever he was able to cobble together even in states that had early voting that came before his stunning performance in South Carolina, well, one of that materialized to be a big worry for him. Were going to be digesting all these numbers besides alabama, just closing right now, the states of maine, massachusetts and oklahoma have also closed. Tennessee, which was to close at this hour because of the hurricane, a lot of folks having difficulty getting to the polls right now, they will, in fact, be allowed to continue looking for places to vote until at least 9 p. M. Eastern time, in some parts of the state up to 11 p. M. Were going to be