Slow the spread of coronavirus we are following their advice as the centers for Disease Control recommends we are spaced out at least 6 feet here in the studio to better protect ourselves and to make sure we stay on the air to bring you the latest information you need to know. Today residents and 6 bay area counties have been advised to remain at home leaving only for essential needs this applies in the following counties, San Francisco more and santa clara sam, a tale alameda and contra costa counties, the order takes effect tonight at midnight and it will last for 3 weeks the order will close places such as bars and jams movie theaters and dined in restaurants except for those which offer delivery or takeout essential services will stay open in those Services Include city and county governments servant services such as police fire and hospitals. Your garbage will still be picked up Grocery Stores pharmacies banks post offices, and gas station will all stay open for a complete list of
Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b
Inspection that could substantially increase the value inscription that could substantially increase the value of the book or at interest to the story. I never get tired of it. I love sharing stories with old and young. And i look forward to every day. Bookshops have been closing in record numbers. National chains are closing down. 15 years ago, i knew owners of about 300 bookstores. 250 of those closed just in the past 15 years. It is important for these stores to continue, to survive. They add character to the local community. It is a Meeting Place for people, and he keeps history alive. By these bookshops continuing to be in existence. We continue with our American History tv and book to be exclusive booktv exclusive with some of the places cspans cities tour visited in 2016. A lot of people have this image of las vegas, that we always blow up buildings, and we have blown up a lot of Hotel Casinos on the strip and replace them with new ones. This building was just about vacant in th
The most efficient. The companies would prefer a market if it was more efficient. Host lets bring lydia beyoud in she is with bloomberg. Up, kevinfollow wheeler come in introducing this idea said he wants to open up this market and make it more where consumers can buy their own devices like with mobile phones, tvs, and other electronics. Do either of you think there is something similar or different to that analogy that would make it such this proposal would or would not work . We think it is the perfect analogy. You have the interface between the device and network. It would be possible for people to sell across the interface. It is just Like Computers or modems. Microsoft case was about the interface, the court said, open the interface, and you get competition. We have seen that time and time again. Remember the old telephone market . , no one can say plug a phone and, they will blow it up. They were wrong. We got tremendous cover edition. Competition. That is our point. Open the int
Rural schools who currently dont get a fair shake out of the program to get funding for that program and connect kids with digital opportunities. Control of how thats delivered, correct . Im sorry. Its a possibility of losing control of how its delivered . Who is going to make the decision how i get that . All of us would set the Regulatory Framework in the private sector and have maximum incentive. I understand. Im not objecting to this. I want the best of both worlds i guess. I got a pretty good world right now. Can i make it better without throwing the baby out with the bath water and losing the protections ive got. Thats what im looking for. Senator you raise an excellent point. I have to say that the in this hearing room i keep hearing the echo of years ago sitting at this table when senator hollings was sitting up there in the chair and he kept saying in his great South Carolina draw im a born again deregulator. Because he learned as you said what are the realities when you say t