Begin to open questions about what does that mean, what are the risks inherent in that absolutely, rick, this is an issue that markets are paying attention to but again, both the commercial paper funding, if we get a facility, a similar way of trying to provide liquidity to markets and make sure companies can keep the doors open would certainly be steps forward to make sure that corporate sector doesnt experience too much stress as a result of this excellent thank you for your thoughts. Were running light on time and we will have you back as this proce progresses back to you. Good tuesday morning. Im Carl Quintanilla here at post nine of the new york stock exchange, Morgan Brennan at headquarters, jon fortt heads our coverage from the floor of the nyse compared to yesterday, relatively stable action no Circuit Breakers taken today, did lose 20 k briefly. Lets get to bob pisani. Not only is it a no, sir cut breakers but the volume is lower and the key event this week is going to be the
Down the coast. It is bringing back moisture as it wraps back around counterclockwise. Some of that 30s and 40s left behind on some very cold air. Some of that, though, is beginning to move in towards Mendocino County, lake county to the north and a little activity to santa cruz, although it looks like its winding down. Not a lot there. Same for the peninsula and also San Francisco. 50s on the temperatures, still below average on the highs. Sal is here. Whats happening . I want to remind people that even though we dont have much traffic, we do have some things that you need to know about Public Transportation systems, for example. Lets take a look at the roads, though. Youre probably wondering what is it like if i have to go . It is light on 80 and at the bay bridge. Some people were still trying to avoid transit. Transit is open. Airports are open. Well let you know in a little bit what some cities are doing about Parking Enforcement coming up. Back to you. So far, were now seven hour
Essential employee meaning you work with food or you are a First Responder and well give you bigger list in just a few moments, but james terry a i want to show you this is such an eerie sight, ive been in San Francisco for 20 years and ive been here since i was 3 yearsold visiting off and on before arriving. I have never seen this site before look at this what dont you see james and area. Were on california street. Yeah, thats pretty crazy assist to chatting with robin across the studio said 8 oclock in San Francisco. And you see a parking space available. Thats incredible. And you do not see cable cars. Yeah, i mean that is as much as San Franciscos the Golden Gate Bridge and fog but no cable cars because they are trying to limit the amount of people moving about to create social dismiss this is what its all about a slowdown. The spread of coronavirus and it is spreading across at least the shelter in place for 6 bay area counties so take a look at your screen. I mean lets just face
Trump met with members of the Coronavirus Task force and held a briefing with reporters on latest response efforts. Variousnuchin outlined economic outlines including white house economic stimulus package for american workers. Pres. Trump thank you very much, everyone. Thank you. Progress is being made. And i appreciate you all joining us. Last night the fda announced Ground Breaking new policies to further increase testing, very substantially so. All states can now authorize tests developed and used within their borders, in addition to the fda. So, the states are very much involved. They have been involved from the beginning, but we are stepping it up as much as we can. And the testing procedures are going well. And within a short period of time, private labs will kick in. This is never been done before. And it is going to be something, i think it is going to be incredible if it is done properly. And these are among the greatest companies in the world, actually. So, the state is going
Roughly 1,000 more than we reported yesterday. The number of deaths rising from 67 to 88. President trump who has been downplaying the pandemic for weeks changed his tone. He offered a much, much different message in the face of these new numbers. You look at whats happening in other countries. Italy is having a very hard time, but i think that what we do ive spoken with my son. He says, how bad is this . Its bad. Its bad. But were going to were going to be hopefully a best case, not a worst case. Thats what were working for. Together, hopefully, to try and avoid a worst case scenario, President Trump recommended pretty serious guidelines. That the country essentially go into lockdown mode. A new set of white house guidelines says, number one, anyone who is sick should stay home. And if anyone tests pos tifrks everyone in their household should also stay home. Everyone should work or take classes from home whenever possible. And avoid being in any group larger than 10 people. Avoid dis