For disinfecting toothbrushes, shoes, and other places where you do not want to use chlorine or columbus, ohioto where the governor is about to brief reporters on the coronavirus. With a Probate Technology toized continue the course work bring a family together. Up this morning for the first time as an official family following the adoption of their son james. They used to this, zoom technology. They were able to finalize the process, consummating the adoption and working with the court. Nd probate what is special about this is their family from all across the state was able to witness this. Congratulations. That is pretty neat. Congratulations to the family and the judge as well. Want to talk for a moment about Hospital Capacity and what we are doing to bring you an update and we will just update you every several days as we move forward. This is one of the things we have to do to get ready for the search. We are in the process of building up capacity with medical personnel the same w
Yeah. Lets check with steve at the top of the hour with the rain coming in tomorrow morning a lot of snow. You have been listening pamela. I have. Yes, you are. Youre good at that. Good morning. We do have a break today. Today is not as nice as yesterday. Its still getting the 30s and 40s. Its a little increase in the higher clouds and the lower clouds. Thats the mountain snow and we have a lot of that. We have more on that coming up in ten minutes or so. Lets see if theres anything going on. So far today what do you have . We dont have much there is some late running road work in the south bound and approaching the Golden Gate Bridge in case that youre driving in to San Francisco. You will see it there. Otherwise, as you see the pictures that were showing you, the commute is very light and a lot of people are working from home. It and plenty of room to social distance. They do not have the toll takers and just drive on through. Its 6 02. Lets go back to the headlines. The march jobs r
We might get some partly sunnys later today. Inch closer. But it really wont make a great impact. It will be as nice as yesterday. It is still okay to go out and take the walk or the hike or what have you. Little bit of a breeze, according up a few of those times. South breeze at three. Theres the leading edge of our first system. Much stronger once on the way for sunday. This will be a bigtime event for snow. Also cr. So we will have more on thats coming up and it pretty good rain for us. Highs today, a little bit of will average. Still mostly sunny. I would, lets talk to sal now. I believe that bay bridge, sal, that is still an issue. That is right. The bay bridge going into San Francisco has been an issue. Leaving San Francisco for oakland, we had an injury accident. And the danger is that you will come up on a quick, if youre not paying attention, eastbound, outside of the tunnel. Those crash there. Westbound, not affected. Also, the are clearing an injury accident on northbound 1
Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Or everything is falling apart. The house of pain the value, of course, is somewhere in the middle. Today we took a step in the right direction. The market was, yes, mixed dow only gaining 100 points, s p add 2. 5 , nasdaq declining. 9 some stocks went up, others went down rather than the whole market marching in unison out the window however, most of the stocks that rallied were what i call slow down stocks, the ones that do well in recession. The foods, drugs, turbo charge, secular growth stories that can transcend the growth cycle which are very few thats a start but its hard to outrun the bond bears, arent they arent they hard people who look at plummeting treasury yields and decide eat economy is obviously headed off a cliff. Oh, they blame the trade war with china or the fed reserves unwillingness to signal theyll take action to prevent as serious slow down. Who can blame them i lost assurance from fed chief j. Powell that hes willing to do something about it, that he wants to bu