Name and its time to risk less and make more. Options action starts now. Welcome to options action, we begin with crude oil, and the wti rallying 25 as investors bet that the worst is over for the energy space our carter worth says hes got the chart to prove it. What are you seeing, carter . Well, a bunch of charts something that happened this week, seven weeks in a row, the Energy Sector is up and thats only happened eight times in the 32year history of the sector and the probability of occurrence of 0. 5 follow through is usually pretty big. So, first, what do we know we know that the sector bottomed actually before the market we see on the first slide here that the Energy Sector bottomed on the 19th, a thursday, while the market went on and made its low on monday the 23rd we know this ricochet has been huge and were talking about double the market and it dropped 65 and the ricochet up 25 is twice that of the s p up 34 and then this is the interesting thing. The next slide youll see
Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
The university of washington kron fours noelle bellow joins us from our newsroom tonight with a closer look noel, pam and ken researchers at the universitys institute for Health Metrics and evaluation have been projecting the numbers nationally. And state by state based on a number of factors today at named california has one of a handful of states where coronavirus cases and deaths. Are going up more than researchers expected now if you take a look at this graph you can see that by june first the institutes per project 4,276 deaths in california one month after that 5,555 deaths and by august 4th. Theyre looking at 6,806 1086 deaths in california now thats a jump of 1420 deaths since the institutes previous projection now just yesterday. The state added 2,244 coronavirus cases and 64 related deaths about 900 of the new cases and 45 of the new deaths were reported in los angeles county, the. The institute is also tracking the nationwide deaths. The latest model now projecting 137,184 d
Standards for what is happening in california, and probably around the country, and around the world, in the future. According to the cdc, Contact Tracing is a specialized skill. Those interested in the job should have an understanding of patient confidentiality. To be able to understand medical terms. Have excellent interview skills. Be able to enter information into apps, like this one, by a tech Company Working with Public Health and ucsf to track cases. Plus in diverse cities like in san francisco, it helps if they speak another language. Lucia speaks to families in spanish with good results. Many of them are worried what will happen in the future. So just being able to talk to them about it, and just listening. Health experts say the goal is to build a case file for everyone who tests positive and build out from there. Fe fwe want to move beyond shelter at home. In san francisco, lili tan, nbc bay area news. New information about the coronavirus from the white house today. About h
Your morning drive obviously not going to be a lot of traffic but not a huge impact theyre either but your drive home could definitely be on the slick side san francisco. Still its nice and clear right now the lights there on that in the skyline and we are still looking at a quiet it sure is like i explains here. But what we are seeing to our west as those showers starting to head our direction you see the advance of these double lines of showers that have been pushing in over the past couple of hours. So what we are seeing right off the north coast of the state right now right off the humboldt mendocino counties is where that rainfall is sitting its going to take a while to get to us so thats why were still free of it this morning. Areas further north in the bay are your most likely spots to be picking up on rainfall ahead of the rest of the bay area. We certainly got the cloud cover ahead of that raid know as you can see these bands of clouds really settling in for northern Sonoma Co