Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
Renewal noor california offering hope for those suffering. Total number of individuals in the icu, that number of 1,132 represents a drop of 1. 9 . From yesterday, one data point is not a trend, but nonetheless it is encouraging. And more positive signs, Governor Newsom says the states backlog of tests has dropped to 13,900 and the state says it will provide free or discounted hotel rooms for medical workers. Im dan ashley. Im kristen sze. In east bay a group of a activists, civil rights lawyers and public defenders calling for the release of all inmates from alamedas jail to keep from getting or spreading the coronavirus. Law enforcement says releasing inmates accused of Violent Crimes will be unwise and unsafe. Abc 7 news anchor aaron thomas is live at the jail. Eric . Reporter and those activists say a crowded jail is like a petri dish for covid19. The only way to stop the spread is to release everybody. The sheriff says not so fast. Before the coronavirus pandemic the jail was home
Deployed from two Army Hospital units, and they are doing a great job. This is something that we didnt expect to do, but they needed help in new york, and we sent federal troops, not only troops, we also sent a lot of very talented doctors, nurses, First Responders, people who are now running javits. Also as you know, the usns comfort which is in new york, theres been a lot of publicity about that coming in, that was not supposed to be for the virus at all, under any circumstances. But it looks like more and more were going to be using it for that. We will see. That was supposed to be for people having other medical problems, but its very interesting because there are virtually no cars on the road. No motorcycles on the road. No anything on the road. Things that would normally be taken care of we dont see anymore, so we havent seen that in a long time. Perhaps a positive. But the ship is ready, and if it has to, if we need it, if we need it for the virus, we will be using it for that.
Good Tuesday Morning im Carl Quintanilla with david faber and jim cramer coming to you live from separate locations this morning coming off that 7 rally and futures build as optimism about flattening the curve goes into a second day more talk of another round of congressional stimulus oil up about 2 , as we await the opec plus meeting and exxon slashes capex about 30 . Mnuchin and kudlow on the tape this morning saying the white house looking to reopen the economy as soon as Health Experts give the green light but thats going to be met with skepticism today look, ive got to hand it to them in terms of trying to make it so theres enough money for small and medium sized business to get open. Theyre doing it theres no limit to what theyll give i think the Community Banks, no limit to what theyll lend i really like that the other side though is the customer and weve got to find a way for the customer to feel confident i know i will feel continue if i dent when i see everybody else wearing
On a 2 trillion stimulus package to help the economy and americans going without work right now. Governor newsom announcing several major banks will allow californians to miss their mortgage payments but just for now. Andrea joins us now with more on that money will be going. Reporter we are talking about a multipronged plan that has come out of the house. We are awaiting a vote in the senate. Provide 2 trillion worth of relief to both businesses and hardworking americans. And hospitals who desperately need it. Americans wait for the senate to take it a vote on the proposed true 2 trillion still is package. Direct payments of 1200 for taxpayers with incomes up to 99,000 a year. And an extra 500 per child. It helps any way. Obviously for my rent is about a grand it helps in that way. People forget about the small things like gas groceries. Reporter emergency loans for Small Businesses to pledge not to lay off employees. An increase in Unemployment Benefits. We are very pleased with the