Plus as the virus continues its spread across the globe so as misinformation about the outbreak and tech giants are teaming up to take it on and later the global Aviation Industry has been battered by the virus could help for the sector be just over the horizon we have a packed show today so lets dive right in. And after the worst day for the u. S. Market since 1987 were seeing a bit of a rebound following an early rate cut from the u. S. Federal reserve as the central bank tries to mitigate the Economic Impact of the coronavirus markets tumbled to yearly lows losing more than 10 percent and on tuesday things are back in the green but the question is for how long were going to get to that shortly with some expert analysis but thats whats going on on wall street what about whats happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the United States as of tuesday the United Auto Workers h
Over the horizon we have a packed show today so lets dive right in. And after the worst day for the u. S. Market since 1987 were seeing a bit of a rebound following an early rate cut from the u. S. Federal reserve as the central bank tries to mitigate the Economic Impact of the coronavirus markets tumbled to yearly lows losing more than 10 percent and on tuesday things are back in the green but the question is for how long were going to get to that shortly with some expert analysis but thats whats going on on wall street what about whats happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the United States as of tuesday the United Auto Workers have called for a 2 week shutdown of plants operated by ford General Motors and chrysler to safeguard their members from across the Virus Outbreak Movie Theaters Movie Theater operators amc and regal will close for up to 12 weeks Department Store
Planned to stimulate the economy and help those working americans. Although the president likes the idea of the payroll tax holiday i will tell you what weve heard from many people and the president said we can consider this the payroll tax holiday we get people money over the next 6 to 8 months were looking at sending checks to americans immediately and what weve heard from hardworking americans Many Companies have now shut down whether its bars or restaurants american state cash now and the president wants to get cash now and i mean now in the next few weeks and for more on all of this and the state of the markets we bring in t. J. Watkins chief market analyst at Simpler Trading and Todd Horowitz chief strategist at bubba trading thank you so much for joining us now baba here in the u. S. The Trump Administration is pitching this roughly 850000000000. 00 stimulus package which would ease some of this economic pain where were talking about payroll tax cuts theres a possibility of a 10
Transit and sanitation will continue. So your garbage will be picked up. Police officers will be out there on the front line. Our fire safety officials and others. Also Grocery Stores and pharmacies and banks and gas stations will remain open. An astounding clampdown on life as we know it here in the bay area. Good evening, everyone. Im frank somerville. Im julie haener. The coronavirus is changing everyday life, where we go, if we work, the things we buy, things education, person to person interactions and financial stability. On wall street today stocks took another blow over fears of a recession. The dow plunged more than 12 , nearly 3,000 points, its largest point drop ever. Nasdaq fell 970 and the s p lost 324. Emergency action by the fed to lower Interest Rates and buy treasuries and mortgagebacked securities was not enough to stop the slide. Tonight Governor Newsom went on facebook to announce a number of new measures to help people in california get through this crisis includin
That 335 people have now tested positive for coronavirus in california. Six have died including four here in the bay area. Good evening, everyone. Im frank somerville. Im julie haener. There are a lot of coronavirus updates tonight. The cdc is now recommending that all gatherings with more than 50 people should be limited for the next eight weeks. Also the Federal Reserve took Emergency Action today and lowered its benchmark Interest Rate to essentially zero and another person died of the coronavirus in the bay area, this time in San Mateo County bringing the total number of covid19 deaths in the bay area to four. Life will look very different for many families starting tomorrow as dozens of School Districts around the bay area bill be closed. Governor newsom said everyone over age 65 should isolate themselves from those with chronic illnesses. As the number of people who tested positive for coronavirus grows to 335 in california, a 14 increase from the last count, now six people have