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Feels weird. New tonight at 11 00 p. M. Tighter restrictions on public gatherings have bars and nightclubs shutting their doors for weeks. And now new guidelines from the governor saying anybody 65 or older should stay home. Good evening. This comes as the cdc is now saying americans should cancel any public gatherings of 50 people or more. Kpix 5s da lin is live in north beach with how businesses are responding to the new directive. Da. Not just in north beach but restaurants, bars across San Francisco to oakland to san jose have seen a big decline in traffic in recent weeks. For those struggling bs, they said it could be the final blow that shuts them down for good. Lawmakers admits what is good for Public Health is bad for the economy. The directive to shut down all bars and nightclubs is devastating. I have been a bartender. Reporter the bar he works at will close starting ....
Shellady and moodys economist john lonski. Welcome to both of you. Scott, what do you make of what is happening right now . Maybe because of stormy weather, folks expected to participate in Online Shopping more than otherwise would be the case. How do you sort of look at that . The shocking numbers, Online Shopping still has not eclipsed bricks and mortar. Depending who you read about 20, 25 . What do the malls look like when there is 50 50 . There is a still room to have Online Shopping area. I think bets, ultimately death knell at some point in time but right now it is small. We need to see 10 billion, the market would love. That would be something good to underpin we see what happened today. U. S. Economy, u. S. Consumer, the way they feel, it is a good recipe. Stuart john, youve been telling me the consumer is the ....
Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Mone ....
Failing to secure a last minute bailout. More than half a 1000000 people worldwide are currently on holiday with the group u. K. Aviation authority has begun an operation to bring customers stranded or brought back to britain its being called the largest repatriation effort in british peacetime history. Almost a day after the bankruptcy announcement by one of europes largest travel operators thomas cook branded planes remained parked tourists stranded at airports still clueless as to how to get to their destinations or back home. We were told this over on the spot flights cancelled and there was no longer operating. So we actually were told to go home and be. Around 15000 holidaymakers on thomas cook books travel have been flown home once the company went bankrupt many more will be brought back within the next few days if youre overseas on a thomas cook holiday then you can continue to enjoy your holiday at the cia it is launching. This is the largest repression since the 2nd world war ....