Oil markets, the energy markets, saudi arabia cutting an additional one Million Barrels per day. Fact thatt change the the demand has collapsed. Even changes like that dont seem to change the trajectory of what we are dealing with in the oil markets. Still with us is chris ailman of calstrs. Positioning to hedge against another, like, down in the market . Of ourit is a big chunk market portfolio. 10 . We are still keeping our fixed income. For us, it is really all about diversification. We are underweight global equity. We think this market will have some weakness. Going into the last couple of weeks, these rallies back and forth, we have repositioned our equity portfolio to be more defensive. , cash isilt defensive king. As return on cash is trash, ray dalio likes to point out. But, liquidity is king. We are seeing Equity Portfolios already coming out from the disruption, people who need bridgeeople need financing. Nice strong returns. And, just the dichotomy in the market. The indexe
And others where people come to work from and where insisting that its going to be safe but work unsafe to get there were also making some changes this week about exercise and while both france and spain have begun easing lockdown restrictions nonessential shops and factories have been allowed to open in france or the 1st time in 8 weeks the government has that the country into reading green zones depending on infection rates affecting the available freedoms or the number of daily deaths from the coronavirus in spain has fallen to 123 marking a 7 week low where its a rare as a madrid to see how one Business Owner is preparing to reopen. We are at a Mens Clothing shop in the middle of madrid one of the b. C. S. Areas commercial areas that is just getting ready to reopen to the public next week so weve got everything ready weve got the honey ties or we have the gloves we have them last year thats the owner does this in fact in all the garments in order to reopen to the costumers today in
Expecting to hear from President Trump momentarily in the rose garden here as the president and the white house will tout the progress that has been made on testing. Senior Administration Officials say across the country, 1. 9 million tests over last week, nine million since the start of covid19. Senor officials are pointing to go going ward, that 11 billion set to the states, that is money set aside in the cares age. They identified state goals and needs for month of may. Earlier today, Vice President , when he spoke to state governors encouraged those governors to have Staff Members within Nursing Homes tested. Testing of course what many positives want to see ramped up before states reopened but the president criticized many governors, the president saying that he believes that states arent reopening because of politics this Election Year this is part of the tweet from President Trump earlier today saying quote, the democrats are moving slowly all over the usa for political purposes
Provide an update on the Testing Capacity developed by the United States, the most advanced and robust testing system anywhere in the world by far. This afternoon i will also announce new steps we are taking to make tests even more widely available. To battle the virus, my administration marshalls every resource at our nations disposal, public, economic, scientific, all your disposal. We launched the largest manufacturing ramp up since the second world war. There has been nothing like it since. At the center of this industrial and scientific mobilization was the development or a of our coronavirus testing capabilities. In the span of just a few short months we have developed a Testing Capacity unmatched and unrivaled anywhere in the world and it is not even close. This is a core element of our plan to safely and gradually areened america, and we opening and starting and there is enthusiasm like i havent seen in a long time. Proudamerican should be of the amazing array of talent, skill,
The coronavirus. They say they plan to release enough tests so all 50 states can free at least 2 of their residence. Joining us from amazons home seattle,he mayor of jenny durkin jenny durkan. We doubt that seattle was one of the early epicenters but early moves prevented seeing some of the dismal numbers we have seen elsewhere. Give us a status update in terms of the Testing Capacity. Mayor durkan on the good news front, at the height of the outbreak, we had a transmission rate of about three. We were seeing cases rise really quickly. We were able to do our measures pretty quickly, first by having the Tech Companies telecommute as well as the cities and larger employers. Today, the transmission level is below one, so every person who gets the virus is not even transmitting it to another person. All of the epidemiologists are saying that is where you need to be for a significant period of time. I think probably the worst news is that we are nowhere near the Testing Capacity that we nee