Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats
Ins a draw as they say soccer right now. Jonathan im not sure anyone calls Bank Earnings season the great derby. Darby. Y the fixed trading revenue number. Equity sales and trading revenue. Message fromng the the city ceo. Balance sheet a has plenty of capacity to serve clients. This is the continued message that the Balance Sheet is not an issue, this is an earnings issue. The Balance Sheet is still strong. Tom every bank has different language. 20 some billion dollars of cost of credit. Citigroup and jp morgan lifting a little bit. Wells fargo is its own story. Sonali basak joins us now. We have citigroup out here now i want to go back to wells fargo. How broken is wells fargo . A 2. 4 just posted billion loss. Down to is being cut . 10 compared to . 20 expectations and . 51 where it was before. They are putting up a fraction of what they had before. They are jp morgan with relatively solid results in the face of a tough time. Jonathan is there a broad take away yet for all three . A
The Administrative Assistant did such a fantastic job with the program and getting the invitations out and the creativity of the program. Then there was Marty Bennett who was my staff chair and they put it together. It was so dynamic. I will never forget that moment. It was so wonderful. All the people who came, the music was glorious. The director and the choir was superb. All the soloists i asked to sing from betty and marian in the choir along with kim and then there was janel, who is a professional singer who sings with the group called soldout band and then they had ron coleman. I grew up with him in los angeles. Hearthi hao a quartet. He plays the saxophone. People remember dear lord. All of those were just wonderful along with my speakers there and skyler was there, the superintendents, my colleagues and friends bobby jones and jim hopkins and then, also came was gail burrows, the wife of the late hill burrows. Our mentor and host and producer of mosaic for more than 30 years. I
Need to to back up because the numbers are telling us that we have. The problem we can do that that would be and we hope that doesnt happen, but we know we can. So the doctor also said that we will continue to see what she called an smooth waters with the numbers for the next few months or even a year. She said that people still need to remain vigilant. And heres a look at the coronavirus cases and deaths in the bay area Alameda County is now reporting 65 new cases today and Contra Costa County has 37 new cases in all there are more than 11,000 cases and 404 people have died from covid19 in the bay area as always you can find the complete breakdown by county and city on our website kron 4 dot com. A day after San Francisco entered face to allowing retailers to open for curbside pickup. The citys Health Director says it could be at least another 2 to 4 weeks before the city can move further into phase 2 and that is concerning for local restaurants, which are included in till phase 3. Th
Further into phase 2. So lets take a look at the changes here are the businesses that can reopen retail stores, including shopping malls and swap meets dinein restaurants and schools can reopen thats affected though starting on june 1st governor gavin, newsome was in napa county on monday and he listed off the new criteria that he said should allow 53 of the states 58 counties to move ahead and napa county applied for the second time to move forward saying that it meets the new criteria for opening sooner and the state has now approved it. The new types of businesses that can reopen must comply with the states requirements for disinfecting surfaces rules for face coverings and physical distancing and must be able to show customers and employees that the establishment has reduced the risk of the spread of coronavirus plus also pose some sort of sign about the new protocols at the entrance. The county that was still waiting for guidance from the state about whether summer camps can start