Prepare for their first debate. Says it is close to compromise in australia that would force it to pay for news desk get a quick check of the market. Usurers are under pressure. Futures are under pressure. The s p 500 lost half a percent in the regular session. The volume was lower than the 20 Day Moving Average given that we had the first president ial debate coming up at about three hours. Data was positive. Consumer, its jumping u. S. Consumer confidence was jumping. Companies imported more on demand. That news sent the dollar weaker. We got some fiscal stimulus negotiations and talk about a potential deal continuing to affect the markets. Look at what oil is doing. It continues to fall down toward 39 per barrel. Thats the lowest level in two weeks. It is plunging below the 100 Day Moving Average for the First Time Since june. Top traders are saying that oil will not meaningfully recover for at least another 18 months. The resilience of the chinese economy that drives the ecocalenda
For you. Mark, can we back up to the slides on the reproduction number. One second. Oh no, its okay. Give me just one second to back up to that. Those are very concerning numbers. We see if we reduce the reproductive number by a third, we hold steady at the same number of hospitalizations, but wed still see as many as four times of deaths here in San Francisco. But if we continue on this same scale, we could see deaths up to 800, and number of hospitalizations, 1,000 to over 3,000. That could clearly overwhelm our Hospital Systems. I know weve seen footage of people gathering in dolores park this weekend, and the possible impact that could have. Could you just speak to what kind of effect that behavior could have, not just on our people, but our ability to serve the health care needs. Yes [inaudible] i thi. Dr. Colfax i think its really important that we stay vigilant and do what we know works to stop the spread of the virus. That includes not going to large gatherings, and on beautifu
They can maintain operations as best possible while also people going to the command center to do this operation. Well, very clearly, it is a really challenging, and as other commissioners have indicated, really grateful that people like yourself have really stepped up and continue to do, as you say, the work that has to be done, along with the very key work, and congratulations on being head of this program. One question which is more technical has to do with the testing strategies. And your chart was great and sexu certainly keynoted on some of the areas that were concerned. On the other hand, you also pointed out that you were interested in reaching other vulnerable populations which are kind of a potential tinderbox, and im glad that you mentioned chinatown right now. Its a very low number, and some other asian populations out in the sunset which arent being tested, but we dont know that. What is your testing strategy to figure out a priority, and that came from one of the question
His own guidelines. There was no sobr dance social distancing and few masks. He suggested that the election be delayed and attacked mailin voting as numbers show him trailing joe biden. Meanwhile, talks between the white house and congress on extending the aid broke down, while the economy posted its worst gross numbers ever reported. This is not a usual discussion because the urgency is so great. This morning, there is still no deal. Well get the president s perspective from his chiefofstaff, mark meadows. Also, House Democratic whip James Clyburn weighs in. Well ask neil cashkari, can the economy recover while the pandemic rages. And well get the latest on the virus from former f. D. A. Commissioner scott gottlieb. Plus, as the country says goodbye to john lewis, a renewed call to protect the right to vote. And our latest Battleground Tracker from two states that President Trump won in 2016, where the covid crisis is impacting his election. It is all ahead on face the nation. John go
Last 400 days is we are finally on dollar support. We will talk about this through the show. On dxy, the blended dollar index , with strong euro contribution, we are really on the support of a signal to a weaker dollar. Jonathan it is the trait everyone would hope would develop it is the trade everyone was hoping would develop. We see that on the screen this morning. It is a tugofwar between pretty negative corporate guidance and the vaccine hopes that started yesterday evening. Lisa i would argue that the vaccine hopes are very much in the front of peoples mind this morning. The question of whether moderna can jack up production, as well as the Regulatory Approval they need to get this out and distributed. Meanwhile, more guidance from the big banks. Goldman reporting in about a half hours time. At 2 00 p. M. , the fed releases their july beige book. Some indication of how businesses are changing their expectations based on the resurgence in virus cases. Also today, opecplus meeting t