Major hiccups. We now move on to the main event, tomorrows e. U. Council meeting. Is, in theory, that should benefit the btp market. We will see what happens there. I think it is going to be interesting to see what comes through tomorrow. That could upset the apple cart in a significant way. Over the next hour, we are going to be speaking to the e. U. Commissioner for justice as we see a key e. U. Court decision regarding Data Transfer across the atlantic. Is he talking to the United States . What are they telling him . That is going to be an interesting question, to say the least. Today we see bank of america wrapping up the earlyseason for wall street. Shares and Morgan Stanley are higher on revit death record profit. This is driving a 73 jump in total trading. Bloomberg the bank is well prepared to handle this crisis. What we designed was a business that in times of stress will be fine and when markets are volatile we would still perform well across the Investment Banking franchise.
Robert next. Announcer this is Washington Week. Corporate funding is provided by life isnt a Straight Line and sometimes you can find yourself heading in a new direction. Fidelity is here to help you work through the unexpected with Financial Planning and advice for today and tomorrow. Kaiser permanente. Additional funding is provided by the estate of arnold adams and koo and Patricia Yuen through the yuen foundation, committed to bridging cultural differences in our communities. The corporation for public broadcasting and contributions to your pbs station from viewers like you. Thank you. Once again, from washington, moderator robert costa. Robert good evening. We start with sobering numbers. An update on the health of the nation. More than 95,000 americans have died due to the coronavirus paemic with nearly 1. 6 million nfirmed cases in the United States. Next, a spike in the joblessness rate, almost 2. 5 million americans filed for unemployment last week, pushing the total to more t
Extraordinary, we will have the latest. Life disrupted as schools and businesses close around the world. Sandbergcoo sheryl joins us live. This, as facebook shares plunge. Thet, to our top story, markets going deeper into the red over fears that the economic fallout over coronavirus will be more prolonged and painful that we all expected. President trump say life could be disrupted well into the summer. The s p sinking 12 . The dow falling to its lowest in two years despite the Federal Reserve cutting rates to zero. For more, i want to get to Romaine Bostick. So much red everywhere. Break it down for us. Romaine you talk about response with regard to the monetary policy. What you have today is a market that has basically figured out that what is ailing the u. S. And Global Economy will not be solved through monetary measures alone. The dow and s p 500 had their worst single day percentage drop since black monday in 1987. You look at the nasdaq and small caps, worst days on a percentage
In concord. 84 for a high. And 4 degrees cooler than what we see for this time of year even in concord. We will talk about the rest of the workweek and temps warming up. Details in a few minutes. We are seeing accidents. The good news is this is off to the right. Starting with a look at main travel times in the one in the were o. Westbound 580 coming out of the altamonte pass in north glen an accident has been moved over to the right side of the road. But its going to slow you down a little bit. The drive time up to 38 minutes. Elsewhere you are in the green no problems there. On 80 highway 4 or 101 out of the south bay. They should be wrapping up the construction here any minute at the ripmond san rafael bridge opening up all lanes in the eastbound and westbound direction. So far, we are not seeing backups at the toll plaza. We are seeing backups at the bay bridge this morning. Metering lights not on but especially in the cash lanes and you are going to be slow and go unless you are f
We are going to start there and show you traffic is moving along a little bit slowly driving onto the bridge. There was a slow vehicle thats been removed. The commute on interstate 880, looks pretty good past oracle arena. We havent had anything major in contra costa county. Slow bay point in to concord. Slow on the altamonte pass. Shooting victims, wounded in the attack at the gilroy garlic festival are in the hospital this morning. The city of gilroy is focusing on healing now after a gunman shot and killed three people at that garlic festival. A vigil was held by hundreds of people in downtown gilroy remembering the victims and feeling the support of the community. The garlic festival is our annual showcase to the world and to ourselves about the best we can be. We are gilroy strong. The people who were at in gi are helping each other get through a very emotional time. Two of the people who died were children. The family of 13 year old Keyla Salazar says they went looking for her af