Banks c. E. O. s Board Members who have in many cases and by the way this is important in many cases they have been taking the money out of their companies while theyve been doing pretty well and theyve been sticking it in their pockets in the form of stock buybacks much of it with money they got from taxpayers government money during previous meltdowns now heaven forbid that i or anyone else should ask the question of whether some of these corporations should simply be allowed to go under is anybody asking that question yes we found one. 1 may be lonely example look look what happens this is on c. M. B. C. When a guest challenges the bailouts of airlines now remember c m b c is essentially the wall Street Network in fact many would argue its a 24 hour commercial for bankers and Hedge Fund Managers and ceos etc look what happens when somebody is willing to make the free market argument the capitalist argument that if a company gets wiped out so be it wiped out there are you are you arg
Banks c. E. O. s Board Members who have in many cases and by the way this is important. In the form of stock buybacks much of it with money they got from taxpayers government money during previous meltdowns now heaven forbid that i or anyone else should ask the question of whether some of these corporations should simply be allowed to go under is anybody asking that question yes we found one. One maybe lonely example look what happens this is on c n b c when a guest challenges the bailouts of their lives now remember c m b c is essentially the wall Street Network in fact many would argue its a 24 hour commercial for bankers and Hedge Fund Managers and c. E. O. s and cetera look what happens when somebody is willing to make the free market argument the capitalist argument that if a company gets wiped out so be it what out there are you are you arguing to let airlines for example fail you know. Why i mean how does that make sense in the broader scheme of the economy because its not becau
Sharon, any action so far . Reporter well, marcus, mayor london breed made the announcement yesterday that the shelter in place will be extended through may 1st. Now, several county boards of supervisors are taking on the issue this morning. Theyre doing virtual meetings. Ive been watching this meeting with the Contra Costa County board of supervisors and Public Comments sent in earlier are now going into the second hour of the meeting. So many pleas for help, residents describing how theyve lost their jobs and are worried about how theyre going to pay for rent and food, worried about evictions. And some suggesting criminals with minor offences should be released to relieve overcrowding in the jails. Those were just some of the comments. Thats why, though, acknowledging how difficult it is for all, mayor breed says the shelter in place must be extended until may 1st to help flatten the curve. Health experts say this will allow time to see if social distancing is working throughout the
People. Empty store shelves becoming the norm this morning. Amazon to hire a hundred thousand workers and Major Grocery chains adding jobs as well to keep up with demand as well. More countries closing borders. Things have reversed course and dow industrials showing decline of 96. Nasdaq up 29 but s p is are youer by 12 and a half after dow, nasdaq and s p 500 had biggest oneday point loss in history. It was 13 in a day. 12 and a third percent and the s p gave up 324 points yesterday, 12 , yeah, quite a day on wall street. Primary day on ohio. Voting still taking place in arizona, florida and illinois. Mornings with maria is live right now. Maria we want to check Global Markets this morning, asian markets were mixed overnight. Remember, we did have a pretty good upswing at the end of the day coming off of the lows and into the premarket, this morning we had rally and that reversed. In china, the shanghai composite down third a percent. Oil prices rising after hitting new 52week low yes
Maria we want to get a check on Global Markets this morning. A lot of action, rally in europe as well as the u. S. Right now. Take a look at european indices, cac quarante up 72 and dax up 147 points. Euro zone purchasing managing index better than expected. The spread of the coronavirus is expected to cause weakness going forward. Remember, the outlook thats materially changing right now. We continue to see the numbers today pretty strong. In asian overnight markets are mostly higher. Take a look, the weak spot was hong kong. The others fractionally moving although korea was up 2 and a quarter percent. We do have more bad Economic News out of china. The service purchasing manager index slide to go record low overnight. February car sales plummeting 80 year over year. South korea announcing stimulus package to fight coronavirus. People are saying if he has to cut 50 basis points before meeting, what does he know that we dont know. Maybe its a lot worse that we thought, as a result the