Mrs. , and State Governments impacted by the pandemic. Businesses, and State Governments impacted by the pandemic. Governor cuomo good morning. Thank you for being here today. I think you know everyone who is here. Let me start on my far right. Derek rhodes, deputy superintendent of the department of financial services. Worked with me. Part of the attorney generals office. Part of the swat team. We have the president of empire college. Dr. Zucker. Melissa derosa, secretary to the governor. And also the budget director. We have a lot of interesting news today, things are moving. Current status, we still have the trajectory going up. We have not turned the trajectory, nor have we hit the apex. Remember what the line will do, it will go the high point, tip, go down. Were still on the way up the mountain. Number of infections that have been coming in 80 , still, selfresolved. About 15 of the people who test positive require hospitalization. And then there are degrees of hospitalization, ri
Hoe held a press conference. He announced he was imposing a mandatory, statewide requirement that no business could have more than 25 of their work force report to work outside their home. Up from 50 a day ago. From albany, this is 45 minutes. Gov. Cuomo good morning, everyone. Let me introduce everyone with us. To my far right, our health commissioner, dr. Sucker. O my right, a special guest. To my left let me make a couple of points if i can today. Again, the context perspective is probably whats most important. Coronavirus is a governmental, critical governmental situation, its a Public Health crisis. Government has to respond to it and thats what the coverage is all about. It is a war in many ways and government has to mobilize as if it is a war. The federal government is now engaged in a way they havent been. I think that is very good news. Ive worked in the federal government with cabinet secretaries, i know what the state can do, i know what the federal government can do. States
Cemeteries are. Just for man on executed in india punishment for gang rape on a delhi bus that put the international spotlight on violence against women in the country. Im told me a logical welcome to the program. Californians are being advised to stay at home to slow the spread of the corona virus as new infections in the u. S. Governor gavin newsom says residents have to severely curtail their movements to protect prevent the Health System from being overwhelmed by covert 900 patients if follows an unprecedented from the u. S. State Department Americans have been told not to travel out of the country under any circumstances citizens abroad should return to the u. S. Immediately unless their plans remain overseas. U. S. Airports are grinding to a halt this empty airport in seattle reflects a nationwide attempt to curb for their spreading of the coronavirus instructions to isolate are also becoming more urgent stay home social distancing just stay away from people. Stay away from these
Information is incorporated there. Im keeping an eye on relationships between stocks and bonds. Bonds have vastly outperformed you can see the chart in the bond mark ket index. A lot of chatter about how Pension Funds will have to rebalance out of bonds into stocks to keep ratings consistent whether yesterday was a front running of that activity or whether by the way individuals may now use it as an occasion to say my allocation is out of whack because stocks are smaller, that is something we can watch perhaps play out on over the next few days mike santoly, thank you that sets us up well for our first discussion, market panel of the day well start with market action, another volatile trading session so far good morning andrew, ill start with you, how are you advising clients right now . Especially given the fact we are coming off the dow having the best day in 80 years, but historically weve seen these moves on a singlef day basis in the midst of recessions or bear markets. Great ques
Governor cuomo good morning. Thank you for being here today. I think you know everyone who is here. Right. Start on my far erek rhodes, deputy superintendent of the department of financial services. Me. Ed with part of the attorney generals office. Part of the swat team. Empire the president of college. Dr. Zuker. Governor. To the and also the budget director. We have a lot of interesting are moving. Things have t status, we still the trajectory going up. The ve not turned trajectory, nor have we hit the apex. What the line will do, it will go the high point, tip, go down. Still on the way up the mountain. Number of infections that have 80 , still, n selfresolved. Of the people who test positive require hospitalization. Then there are degrees of hospitalization, right, but the universe that requires 15 . Talization is models. E use projection e have Cornell Wilde that use projection models, mckenzie, department of health uses models. On the projection models are important because they