Friday coming off the exhaustion of all of that central bank news, the analysis of the markets, the big tech earnings. I would focus on this may day, on the persistent theme, the dawning awareness about a seriousness a pandemic continues to be. One lighter note, there is a beach war in america. The governor of california is shutting down the beaches while alabama and texas are talking about opening the beaches. That is the distraction in a very difficult virus statistics. Howcine it is interesting in the u. S. It differs from state to state. With the bloomberg first word news in new york city is Viviana Hurtado. Viviana we begin with u. S. Federal reserve expanding the scope of its main Street Lending program. Now businesses with up to 15,000 employees will be eligible, so will those with up to 5 billion in revenue. The central bank is expanding its paycheck protection facility. This after the initial round of funding was spent in under two weeks. European central bank looking to ease
Sure, but not overly expensive. Are there some risks out there . Of course. The tenyear rate is probably reaching the threshold. Its at a 27month high today. 2. 5. Probably you now have to start worrying about it. The damage has been done so far. Its not turned off the Housing Market, which is the one worry you would have, and if it did turn off the Housing Market, you can bet that the fed would back off the peddle a little bit as far as rate hikes go. They dont want the Housing Market to crater at this point in time. Steve liesman, you got the fed meeting this week. Whats the risk in the red rick th that came out of the fed . They embrace what this market is thinking about the future when it comes to rates and when it comes to inflation. What the fed has told me in interviews leading up to this is, hey theres a risk if they do that, and then you see the fed outlook with higher rate outlook and higher inflation outlook. I feel like were getting to the point where almost everybody wants
Even san jose dipping down to 48 degrees. Livermore 44. Notice San Francisco, thats the warm spot. 52 degrees, 44 in napa. Watch out for patchy thick fogg in santa rosa. Mike will have more in a moment. Temperatures this afternoon, a bit of a warmup. More in a few minutes to see the wednesday morning commute. Here is mike. You mentioned there might be fog in santa rosa but in the north bay. In the south bay we have smoke that miebl visible. A car fire reported now. Earlier crash that cleared off 101. A second crash closer to alum rock. 680 one car reported on fire in planes. Sounds like three vehicles involved as crews arrive on scene, slower drive off the 101, 280interchange. This crash sticks out into your fast lane, slowing on the approach on stoneridge. The rest of the trivalley looking good and the approach toward the dublin interchange. Hercules to the made, thats because of the normal commute. Metering lights at the bay bridge. Back to you. Lets get back to the breaking news thi
Even san jose dipping down to 48 degrees. Livermore 44. Notice San Francisco, thats the warm spot. 52 degrees, 44 in napa. Watch out for patchy thick fogg in santa rosa. Mike will have more in a moment. Temperatures this afternoon, a bit of a warmup. More in a few minutes to see the wednesday morning commute. Here is mike. You mentioned there might be fog in santa rosa but in the north bay. In the south bay we have smoke that miebl visible. A car fire reported now. Earlier crash that cleared off 101. A second crash closer to alum rock. 680 one car reported on fire in planes. Sounds like three vehicles involved as crews arrive on scene, slower drive off the 101, 280interchange. This crash sticks out into your fast lane, slowing on the approach on stoneridge. The rest of the trivalley looking good and the approach toward the dublin interchange. Hercules to the made, thats because of the normal commute. Metering lights at the bay bridge. Back to you. Lets get back to the breaking news thi
Even san jose dipping down to 48 degrees. Livermore 44. Notice San Francisco, thats the warm spot. 52 degrees, 44 in napa. Watch out for patchy thick fogg in santa rosa. Mike will have more in a moment. Temperatures this afternoon, a bit of a warmup. More in a few minutes to see the wednesday morning commute. Here is mike. You mentioned there might be fog in santa rosa but in the north bay. In the south bay we have smoke that miebl visible. A car fire reported now. Earlier crash that cleared off 101. A second crash closer to alum rock. 680 one car reported on fire in planes. Sounds like three vehicles involved as crews arrive on scene, slower drive off the 101, 280interchange. This crash sticks out into your fast lane, slowing on the approach on stoneridge. The rest of the trivalley looking good and the approach toward the dublin interchange. Hercules to the made, thats because of the normal commute. Metering lights at the bay bridge. Back to you. Lets get back to the breaking news thi