Worst deficits. It is expected to be very short. 90 days ago they had a surplus. It is directly related to the coronavirus. Now to the governors desk to announcement. He says starting tomorrow counties can allow retailers like bookstores and other stores to resume business with curbside pickup. Nonessential manufacturing like furniture, clothing, toys and a wide array of factories can also resume as well as warehouses and cystic centers. Social distancing and disinfection methods have to be followed. The state health and human secretary says people should not expect workplaces to be like they were before. It does not mean a return to normal. We know that covid19 is still spreading. It is a dynamic process. This is not etched in stone. We want to work with people across sectors. So far offices, malls, sitdown restaurants and museums are not included. The governor said that wont be until stage iii. This means churches, movie theaters, salons and gyms are supposed to remain closed. When b
21. 5 Million People lost their jobs in april. Oil prices have also been higher last check of wti saw it just above 24. Thats a began of about 3 that link between oil and stock market futures has been strong too. It has been very, very strong it is interesting. It has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what . It has been stuck here. It is up 11 the next morning it is 26 and then 23 again. At the end of the session, it seemed to go back. Weve been holding at 24 24, 25 that seems to be enough. These futures are up 250 points every morning. At the end of the day, weve given it back. We are up to 250 again are you kidding me, china, if we are being nice about trade, thats enough to send the markets up again we are back to that . At least it takes the threat off the table. If you start adding tariffs on, i wonder what happens. Earlier this week, all of this harsh rhetoric. We talked about it yesterday, wha
Hes ready to reveal the secret contracts for those mass that were made with a chinese company. Our Capitol Bureau reporter Ashley Zavala joins us now live from sacramento to explain ashley. Yeah justine governor newsome has kept those contracts secret for about a month since he announced on msnbc but the governor today promising to make them available. Governor Gavin Newsome says california is now in possession of nearly 20 million surgical masks which he says is allowing the state to move into its next phase sooner newsome said wednesday, the state is in the process of distributing the masks, theyre part of a billion deal newsoms Administration Made to secure personal protective equipment for california, but weve never been in this we were the beneficiary of these larger contracts and some security in our supply chain the governor first announced the contract last month saying it would bring in about 200,000 units of personal protective equipment monthly into the state we just make su
California is now in possession of nearly 20 million surgical masks which he says is allowing the state to move into its next phase sooner newsome said wednesday, the state is in the process of distributing the masks, theyre part of a billion deal newsoms Administration Made to secure personal protective equipment for california, but weve never been in this we were beneficiary of these larger contracts and some security in our supply chain the governor first announced the contract last month saying it would bring in about 200,000 units of personal protective equipment monthly into the state we just make sure we deliver ultimately on the needs of so many whose lives literally at risk. The governor says california now faces an obstacle and delay with n 95 masks requiring federal certification to bring them into the state newsoms administration has kept contract details with chinese manufacturer b y d for the n 95 and surgical masks under wraps citing numerous reasons including security l
Jones industrials up 18 points and s p up 17 and nasdaq gaining five and all off highs of the session and the big market story of the day that may very well be what is keeping a cap on some of these gains here. New York Community bank as we take this interday chart full through the entire screen, were doing that because they resumed trading due to two hour plus halt due to volatility and throughout the session and it was halted starting just before noon eastern time due to volatility and it was down 42 and earlier on a wall street journal report indicated a bank was seek ago cash invasion to shore up confidence but within the last hour and new York Community bank announced it got that lifeline more than 1 billion Equity Investment and the investment is being led by former u. S. Treasury secretary steven minutan and reverend investing 200 million and this transaction is expected to close on or around monday, march 11. Now in connection with the deal, the company will add four new direct