Reaffirming its redline over taiwan. Coronavirus claims more deaths as cages cases approach ive million. U. S. Closing travel from brazil. Protesters to announce chinas security law in hong kong. Washington says it could be the death knell for asias leading financial center. How is that playing out across these markets . Declines from last week, there is a little bit of trepidation and caution across futures now. Your getting brent crude, pleasant surprise from the upside, nothing screaming higher. 29. 65. 2965. 34. 72 brent crude. Coming off weeks of sharp gains. Looking ahead you have more data that perhaps would give us more visibility on the path. We could get consolidation as we were talking about earlier in the program. Lets talkoned, about the renewed tensions between the chinese and the americans here with the foreign minister of China Morning the u. S. To give up warning the u. S. To give up Wishful Thinking about changing china. Saying some in america are pushing relations to
Phase two trial of its vaccine candidate. Where do you want to begin beginning of june, theyre talking about phase three. I love the confidence. There was a time where if you did that, the fda would really call you out say basically, how dare you plan phase three . You have to get phase two done this is a sign once again that the level of fda meaning business is extraordinary. The time that it takes to do these things is being at a level that no one has ever seen. Remember, mumps, the longest to fruition, four years this thing is happening so rapidly, and theyre talking about scaling if its good so theres reasons for optimism. I know moderna i was the first to interview them these guys are scientists. All right, and theyre using Amazon Web Services to basically, if you want to look at like what a bank robber would do, you have to keep turning until you get the right combo. Thats what Amazon Web Services does for those so david will love this, an algorithmic play, and maybe thats the wa
The pandemic. Resources are clearly not social distancing and the suit claims the de facto policy using the tender city as a ton trainment zone in a dramatic decline in livability and savety for those with and without homes and the plaintiffs want the city taking actions leaving tents in front of door ways and giving the homeless access to hotels and immediate enforcement of drug dealing laws that Many Police Officers just let happen out in the open. They want action not in month but days or weeks. Back to you. New at noon, mayor london breed announced all essential workers in San Francisco are eligible for covid19 testing effective today. The expanded testing criteria was another step toward the goal of universal access of testing and anyone that must work during the stay at home order is eligible for free testing with or without symptoms and more for the mayor at 1 this afternoon and watch that live here on kpix5 and streams on cbsn bay area. Senate bay area is coming back to life to
Economy. The latest numbers. Nearly 55 thousand confirmed corona coronavirus cases right now in california. More than 2200 people have died. Right here in the bay area there are nearly 8600 cases in 309 people have died. Down south in Los Angeles County the number of cases has now surpassed 25 thousand. As soon as the governors News Conference gets underway, we will take you there live. Today is the first day of relaxed stay at home conditions. Outdoor businesses are now back open. Outdoor activities including golf and skateboarding are allowed as long as collagen is followed. Construction workers and real a state agents can get back to work with social distancing at the new health guidelines. We are excited to see our new members get back to work. But more to support the critical and essential infrastructure that needs to continue. Officials warn the old rules could be put back into place if there is an uptick in new hospitalizations. Potential home buyers can go into houses occupied
Within the s p 500 on a points basis. Goes back to the idea that the mega cap tech stocks continue to hold their own even with the cautious commentary. With more market analysis, lets bring back Credit Suisse chief equity derivatives strategist, mandy hsu. We are hearing from these different executives about the lack of guidance, lack of visibility. What is the take away for someone like you . What are you hearing from the commentary . Mandy i think the biggest take away from earnings is how little they matter for this earnings season. A lot of ceos are unable to give clarity, unable to give going forward. Much was from last quarter, which as you know, was very different. The most dislocated metric is still correlation, how high correlation is. Extremelyast week, an busy period of earnings, correlation increased back to the march levels, a sign that investors are still pricing this to be a macro environment rather than single stock focus. Romaine do you think there is anything that cou