In 3. Everybody was family and now everybodys day. That i grew up with. Their families their parents are they it. Is heartbreaking because i know no life that was in these walls you know and now theres no live in the wall under the west grew up in this house in the 5th ward historically black neighborhood in east houston. For years residents here suspected that the number of cancer cases was unusually high. Is sad this is deb that they to me now where it used to be we were so happy running around the yard playing ball kickball ride in the little red wagon we was happy you got to find your own way you know because everybodys got home. Last december their worst fears were confirmed a cancer cluster was discovered in their community. The state of texas concluded that the 5th ward in the nearby neighborhood called cashmere gardens at higher than expected rates of certain cancers. But they didnt explain why. Its been 4 decades what a years we have been suffering we have our loved ones we ha
Business lending facilities to keep credit flowing as u. S. Job losses surge past 30 million. Shery lets get started with a quick check of the markets. We are seeing pressure on u. S. Futures, falling more than a percent at the moment, after the s p 500 fell from the sevenweek high. But yes, it was the best month since 1987. We saw the s p 500 climbing 13 this month. We have more pessimism about the economy today. We had dismal jobless claims data. Slowing down but elevated. We have positive sentiment being filtered through with the fed expanding the scope of the main Street Lending program. Also, the nasdaq was helped by results from microsoft, facebook, and tesla. When it comes to wti, we continue to see extended gains. It is trading near 19 per barrel. This, as we saw signs of fuel consumption start to recover in the u. S. We have a few markets that are closed across asia. China,cludes hong kong, singapore, india, and many more. Limited trading in the asian session. Haidi yeah. Shar
Videoconferencing service that has taken the world by storm. That is zoom. This is a service that has been a lifeline keeping families and businesses together, but he has also been dogged by security issues, privacy issues, zoombombing. Ceo aboutth the zoom what he is doing to combat all of this. Lets take a listen to that conversation. Beautiful. Time, they do not have an i. T. Team. We give them a very strict security. Password. Emily i want to give you a sense that i want to get a sense of what it is like. You go from 10 million to 200 million users in the matter of a week. Funerals and schools and families celebrating passover. Hard are working extremely for almost a month now. Capacity and the traffic and make sure the service is up. It is really, really challenging. Cost and alln the of our employees working so hard. We have had pr and privacy issues. Banned by have been school districts, the governments of taiwan and germany for official use, google. Tesla, spacex. How many cust
Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover
Investors of a recovery the us n. P. R. And our off by more than 6 percent amid an unprecedented volatility with the s. And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy prod