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Senior counsel at omalley and myers. He serves as a National Security advisor for obama and also headed the obama biden transition of he is a veteran of many democratic campaigns and of course serves on multiple. [inaudible] steve hadley served as the National Security advisor for resident george w. Bush from 2005 to 2009. Hes a deputy from 2001 to 2000 vibrant he is now a partner in a great little Consulting Firm called. [inaudible] also the chairman of the u. S. Ip and involved in just about as many bipartisan causes as one can be in washington d. C. So thank you steve for all the bipartisan work that you are doing. And here to interview both of them we have jim shoot a which is achieved National Security correspondent, we all see him on tv throughout th ....
There is the fear of less demand, which will certainly happen if parts of the u. S. Economy perhaps do not go under lockdown but some sort of shutdown. Decca dampened Economic Activity. As well as the demand for consumers and the like. We have bonds higher with a 10 year yield, down five basis points. What makes this so interesting is, over the last few weeks, it felt like it has been risk on. That is not the case. Markets are onto this. The last couple weeks have been risk off. The s p 500 is down over that time period, the yen is higher, and tensions are subtle to the touch, but when we are moving toward risk off, there may be obvious catch for stocks ahead, pointing to the idea that july could be a bit difficult, especially if the Second QuarterEarnings Period turns out to be more difficult. Stay tuned but certai ....
And the board will be talking about that as well and also about this change coming this weekend marty thank you all right, dave, thanks a lot, lets get to our top story this friday morning. The u. S. Has seen a disturbing trend in new Coronavirus Infections on thursday there were more than 37,000 new cases reported. And thats a new single day record. According to Johns HopkinsUniversity Hospital there are currently over 9 million cases around the world. And 489,000 deaths in the u. S. There are over 2 million cases and 124,000 people have died from the virus. But over 663,000 have recovered from covid19 here in the u. S. There are at least 30 states reporting an increase in cases and new mexico, arizona and texas are pausing their reopening plans because of the increase. Here in the bay area there are over 2 ....
Or delayed their plan phase reopening. In texas reversing that saying it must force bars to close today and only remain open for takeout and delivery, that saying that restaurants with indoor capacity right now, lets cut it down from 75 they have been getting used to but the last couple of weeks to 50 and anything to do with rafting and tubing, that stops immediately. So those actions, reversing earlier actions, the first time we have seen it got the markets attention and the fear that other states that have seen a similar uptick in cases with the real test availability and we might do the same. We have gotten hints out of florida that maybe that could be the off thing but that is way too soon to tell. Again, the drill on wall street, you sell first and begin to ask questions and get clarification later. We are also waiting to hear from the president s Coronavirus Task force, we have not seen them in a public setting like this i ....