And nasdaq. Strong market gains for the Bluechip Companies. Just using two of them as an example, we have apple up three dollars, microsoft up at 146. They have been higher than that earlier. Microsoft up earlier. Did they hit bottom this week . A lot of people have been buying them. Were asking that question. I hope a bottom for a lot of companies. Oil moving up to 25. Barrel. Its down 15 cents now. The government is buying oil but the petroleum written for the petroleum reserve. Whats he going to do about the russian and saudi attack on american drillers. We will ask that question to him. Gas prices tumbling. The National Averages 2. 17 a gallon falling about two cents a day. In oklahoma the averages a dollar 80. In california its 3. 25. According to gas buddy we will be down to a National Average of well under two dollars very soon. Lets get to the spreading virus. We will show you Street Scenes from around the world. Same story all over. Ghost towns, empty streets. Economists at a
What im doing, conducting video conferences and all that stuff. Lets take a look at the toll some buildups later today over the range and south. Plaza of the bay bridge. You can see it is light, and otherwise, clear start. 30s for many and 40s. Cold this morning. Couple of systems will play sometimes even on regular days, into your weather, but main le remember, on fridays we had light days. Over the weekend and early next not this light, obviously. Week. Highs today near average with and if you are driving through marin county, it has been good. 60. We have not seen that this in fact, the entire bay area whole week. Sal is at home. I dont think he has too much to talk about. But theres always a chance commute has been doing well. Something new has developed. Sal . Absolutely not much to talk airports are open. Public transportation still running. Theres plenty of room to do social distancing. About. We do want to remind you that people are going out there. If you do have to go to your
Sunny in the morning and then well get some clouds building in the afternoon. 30s for today. Today highs near average. Sal castaneda is not here. Hes at home. And he will tell us probably not much. Yeah. Theres not much going on. The bay area has already been under lockdown. Yesterday, Governor Newsom put the whole state on lock down. Not much is going to change for the bay area. People are still going to their essential jobs. A lot of industries have to be out there. Supermarket people come to mind, First Responders, that kind of thing. Lets go out and take a look. You saw the map here where theres not much going on. Lets go to highway 24 if youre driving through lafayette. Should be a pretty good commute for you there as you drive over to oakland. And coming over to the richmond bridge, both directions, traffic moving along very well. Lets go back to the desk. New this morning, all of california is now under that shelterinplace order. Governor newsoms order, an unprecedented action c
Federal reserve vice chairman speaking in washington to the National Association for business economics, saying that the fed is close log monitoring the coronavirus. So maybe a slightly different tone than last week. He said it will be a noticeable impact on china in the First Quarter, and that could spill over to the rest of the global economy. Too soon to speculation on the size or persistence of those global effects the probability of rate cuts reaching alltime highs for the individual contracts, april, a first duty now at 63 , it is probability of a second customer, and now over to 50 for a third cut in december for the first time, so the majority of position in the mart right for you, sara, going along with a huge decline in the tenyear to alltime lows and the downdraft in the stock market is now for there to be three rate cuts this year from the federal reserve. I know we parse every word from every fed official. Is the bottom line here that the fed is maybe storming to warm to t
So we can get your questions recorded as well as our authors answers. Lastly, at the end, if you could take a moment, fold up your chairs, lean them against something solid, that will give you more space for the book signing and help us get back to bookselling, all of that good stuff. Welcome to politics and prose. My name is abby fennewald. I run all of our events in the story. If you are not familiar with p p, i would definitely invite you to take a moment and sign up for our weekly email or pick up our may calendar of events, see Everything Else we have going on. We are now operating inside three busboys and poets locations around town, and we are going to be doing events in all those spaces as well, so we are doing more than ever. I would hate for you to miss out on any of it. With that, onto why you are all here. We are so happy to have eric burns back with us i think we said you have been here four times before to talk about his new book, 1920 the year that made the decade roar.