adidas, i will give you numbers very shortly.s is bloomberg. ♪ morning from bloomberg's middle east headquarters in dubai. equity futures slide with treasury yields after president trump nailed to appear at a coronavirus news conference. he was expected to announce a major stimulus package. baptism of fire -- the u.k. braces for its biggest dose of stimulus in decades. it is the high-stakes debut for the chancellor. italy says it plans to double stimulus to combat the outbreak. and momentum builds. joe biden opens a commanding lead over bernie sanders in the race for the democratic nomination. among his wins, delegate rich michigan. adidas is putting the number aroundthe cost coronavirus in the billions of euros. 800 euros -- 800 million euros to one billion euros will be the risk for china, so you are looking at nearly a billion dollars. for 2020 revenue growth will be 6% on a constant revenue basis. the 2020 outlook does not reflect the impact of coronavirus and the numbers for the full year, 3.80 five, a beat on expectations.

kasper rorsted, the ceo of adidas coming to us.at bloomberg radio is live on your mobile device or dab digital radio in the london area. tune in. this is bloomberg. ♪ ♪ matt: welcome back to "bloomberg markets: european open." are just about six minutes away from cash trading on a day when the bank of england cut rates in between meetings. so on emergency rate cut the likes of which we saw from the fed, the same size as well, 50 5%sis points down to just 0.2 for the lending rate in england. we saw futures down earlier. they are now up across the board. fore see a gain of 0.5% equity index futures in the u.k., even with a pound that is a little bit weaker. the pound has been stuck in a maddening range lately, even as everything else shows the kind of volatility you have not seen since 2008. the bank of england with an emergency rate cut 50 basis 0.04% and the pound moves against the dollar. sometimes i wonder if cable traders are just looking at other things all the time. they never move the pound out of this range, even with someth

emily: adidas, nike, microsoft, lexus, mercedes. these are your customers. some specific examples of how technology is helping them. >> a great example is shah jewelers. they have over 4000 jewelry products. there is no way they could hire 3-d artists to recreate all 4000. they use our software to digitize their entire line. another example, we started a been a providing turnkey hologram solutions. companies like dji would send us an 800 megabyte file of their product. it is too big to put on your website, it is too big to put on your phone, and that would traditionally take weeks of time to strip down. our software can do that in a few minutes. emily: the goal here is to straddle the online and physical world. let's talk about the hologram, again, something that has four many years seemed futuristic. as you say, it may be closer than ever, if not here in some places. talk to us about how your technology works in this instance. >> when we started the company, phones were not capable of ar yet. we provided turnkey hologram services. we provided all the conten

it is tumbling alongside competitors adidas and puma. this after the german athletic wear giants, adidas and puma, said sales in china and other key markets have fallen victim to the coronavirus. nike is falling 6%, adidas is down 14%. puma is down 11%. the european names are definitely bearing the brunt, as we know many of the u.s. carriers are either trimming their capacity to european nations or they are outright stopping any kind of movement to the european countries, specifically italy. we are getting some headlines right now out of the president trump meeting with the ceos of the big banks. i don't see anything about stimulus plans yet. we can't report that. but he is anticipating shortages of respirators for use by health care workers. that is what president trump is saying. he's signed a memo directing labor secretary -- the labor secretary to take steps to increase availability of respirators. is that it? he says i am fully prepared -- well, we knew this yesterday because vice president pence mentioned it, that the president is

it expects sales to take a 1000000000 euro hit in the 1st quarter due to a slump in chinese demand adidas shares went into nosedive losing 10 percent of their value almost a 3rd of india's revenue comes from china the company has announced most of its chinese factories are and running again. and finally google has advised all of its 100000 employees in north america to work from home because of the coronavirus google employees have been asked to stay at home until april 10th apple facebook amazon and twitter have already asked their workforce to work from home to limit the spread of the infection on wednesday a video conference with the tech giants to discuss the economic impact of the coronavirus. and the loss of our program for more you can always go to our web site that's d.w. dot com slash there's some chris thanks for watching a successful. a daring mission on the high seas. we're on board the ocean by the birth of the ship's crew say no more than 270 people in the mediterranean. but when they reach the safety of italy shores the next challenge awaits quarantine amid coronavirus fear

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in addition to tons of foods and supplies, the shipment includes plastic pellets from adidas. the shoemaker is using them as part of a research project aimed at making better sneakers. >>> no video of a hang glider rescue in alabama. crews swooped down to save a man who got stuck in a tree. they say he was clinging to the branches for about three hours before they arrived. the man was airlifted to the hospital with a possible injury. >>> they call tennessee the volunteer state and you can see why. hundreds turned up today to irms at least three tornadoes ripped through the area overnight monday into tuesday. take a look at the widespread destruction left behind and the volunteers that came out, officials say they have thousands of people sign up to volunteer, so many that they had to turn some away. >> we are glad to be part of it. bad, bad luck. we all grew up here all our lives. connected to one another. it is so sad. >> president trump visited the region yesterday. mister trump promised federal disaster funds would start flowing soon. damages estimated in the billions of do

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not losing the bounce yesterday on the dow hear what the ceo of adidas is saying about the prospectse global turmoil later on the sh "squawk on the street" is back after this ♪ cobalt blue #0047 non-toxic, hypoallergenic and most importantly easily removed with soap and water a crucial innovation for telling the difference between fans and lunatics invest in innovative companies with invesco qqq >>> welcome back, everybody. here's your cnbc news update russia's parliament approves sweeping new substitution skoougsal reforms which allows putin to remain in power for another 12 years after his current term ends in 2024. a nationwide vote on the constitutional amendments is scheduled for april 22nd >>> mourners gathered in japan to observe a moment of silence to commemorate the earthquake and tsunami that occurred there nine years ago memorial events were earlier cancelled to curtail the spread of the coronavirus unofficial ceremonies happened anyway to honor the 18,000 people who died in the disaster. >>> and americans may get a little more time to fill out and pay their taxes this yea

. >>> adidas says fourth quarter profit rose 54%, beating forecasts across the region.pany also hiking it's business the coronavirus has impacted business shares of adidas down 5% cafe pacific's profit fell sharply last year. demand fell dramatically due to the huang protests and u.s. trade tensions it expects a substantial loss for the first half of 2020 hilton is pulling its guidance for the year because of the impact of covid-19 on the global economy. the hotel operator says with the virus spreading beyond china and the related travel restrictions, the potential negative impact will be greater than the company's previous estimates share of hilton down more than 2% >>> well, straight ahead emergency action from another central bank as the world braces for a dramatic economic slowdown in the face of the coronavirus threat >>> and as we head to break, a developing story in the energy patch. saudi aramco, russia responding saying it could boost production by half a million a day which would put that country's output to a record 11.8 million barrels per day. despite the r

. >>> coming up here, it is getting ugly for the retailers shares of adidas on track for worst month since december 2018. nordstrom, kohles, gap, lower by 9% we'll see if the action is justified. with oil down sharply, there are worried of bankruptcies in the oil patch. a guest has idea of how to play out across the industry and shares the insight ahead don't go anywhere. "the exchange" is back if two. there are untold hours of careful construction... infinite "what ifs?" and contingency plans. creating funds that help target gaps in client portfolios. tap untapped potential. and strengthen confidence in you. flexshares. powered by over a century of investment expertise before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. okay, guys, the bus is down, cobut we've got a spot!tion. follow coach kevin. let's go, guys. sorry again that we're fully booked. this is the best we could do on such short notice. this is amazing. thank you so much. (announcer) treating others

adidas says it's profits for the first quarter will be cut by the coronavirus.china is expected to be sliced in half. adidas would not give an estimate for its full year outlook but says business is slowing in japan and south korea. shery: delta is cutting systemwide capacity by 15% as it looks to mitigate the impact of the coronavirus. the cuts include 10 to 15% reductions in the mystic flights while transit venting trips will be reduced along with 60% of flights across the pacific. delta has suspended trips to china. haidi: inter-global aviation, which operates india's biggest airline, is the latest carrier came daily --ning a warning. daily bookings have declined 15 to 20% as the kona virus starts to take a hold on the subcontinent. india has reported 60 cases in the past few days. that number is expected to rise quickly. shery: let's turn to sophie. sophie: futures are hinting at losses of more than 3% when trading kicks off. fell into a bear market on wednesday after closing in that space just 14 days after the peak reached back on february 20. thanks drag

save on adidas women's jackets... men's nike graphic tees are just $19.99...h! and - kohl's takes your amazon returns too! shop kohl's and kohl's dot com. c'mon man you just gotta see the lighter side of things. fore! you're the man! birdie! snail, jellyfish. you guys wanna switch sides now? we're good. crush meeee... robots?! you think other people work out like this? i'm sure they're out there, you just gotta find them. ♪ [ cheers and applause >> seth: welcome back to "late night. we are now joined by nat faxon and jim rash they're the writers and directors of "downhill." [ cheers and applause thank you, gentlemen, for being on the show. so, you guys - julia was the producer of this film first, and then she brought you on >> yeah. >> seth: this is a remake of a swedish film did you feel any added pressure, having to sort of adapt? i know you've adapted as screenwriters before, but maybe this is the first time from another film >> yeah, i mean, i think because it's a beloved movie and we were already fans of it, so it feels like a very herculean task to take

ashley: yeah, i think -- >> we'll find out. >> adidas wear out.hink that's a fairly elastic demand. people will go back into that and buy the thing. i put off buying shoes, i got to have some now. ashley: it's a huge boom and people after this will be like you know what, i did it during the virus outbreak, i can do it now. susan: the most concerning part for me when it comes to consumer demand is will people lose jobs because of the coronavirus. deutsche bank yesterday said that 15 million jobs might be at risk here in the u.s. because of the coronavirus. whether it's in hospitality, in leisure, it's a big number. stuart: is that a short-term job loss? do they all come back when the vee virus -- susan: not in one year. i would say when it comes to leisure hospitality buys, you are not going to buy it afterwards. there's pent-up demand for material goods like shoes for one. stuart: all these groups of companies, they are the victims of the social distancing. that's the circumstance that's affecting everybody here. i'm looking for bright spots. i th

suggestions, adidas and unilever.don't know whether this is going to weather the storm. you say we need a more demonstrable response. what do you mean by that? ofthat means taking care liquidity in money markets in particular. second we have to deal with the banks. what of the helicopter money? >> helicopter money could help, but particularly when it goes to consumers. that means retail credit, credit card credit, this is where you need relief. that is reunion -- where you need greater attention. consumers. manus: you say they have the firepower. >> they have accumulated reserves. including the sovereign wealth fund. the central bank and the sovereign wealth fund, they can deploy. when it comes to the shock, they can absorb that shock. manus: what do you want to highlight? i look at dollar-yen. we have less than 60 seconds left. you are seeing a reprieve this morning. there is the ruble on the move. let us roll it over, have a look at dollar-yen. more intervention from the bank of japan, is that next? >> they cannot a

adidas and the ability to freeze rent payments. do you see the ability to see tides shift and break out when they have an opportunity to really show their true colors? >> i think the current evens are quite positive in general. when you look at the performance of funds, it has been resilient. those have led to select quality companies and to avoid some sectors that have been hit the hardest like airlines, energy and autos. so, yes. i believe that esg would want to have portfolios and should benefit from the situation when we select the esg companies, it is very difficult to avoid or to differentiate between two esg companies and probably the kind of situation will help us make that differentiation. >> let me ask you about products we've seen etfs suspended because there isn't the underlying liquidity justifying to continue to trade the product. a lot seem to be having some issues around pricing. for those who thought they were quite racy and sexy before this crisis, you've got all these three times short oil products and so on. whe

adidas says it is -- it's china profit for first quarter will become by about half $1 billion becauserus. revenue in china is expected to be sliced in half during this timeframe which saw the worst of the outbreak on the mainland. adidas wouldn't give an estimate for the outlook but business is slowing and south korea and the impact could last for more than a year. india markets just opening right now, let's get to mumbai where our reporter will take us through today's session. seems like down arrows today. india, just shy of entering bear market. it has entered. good morning to both of you. 9944 was the level we were monitoring on nifty this morning and the index is now at 9924, so ,rom all-time high levels subtracted 20%. indian markets have entered into the bear territory. points, aown over 500 cut of 5%. sensex down almost 1700 points and the banking index is under pressure. there were reasons already due , and the selloff is across the board as we have the broadersome of market index, nifty 500 down 5%. the market is extremely weak this morning. volatility index has risen to of 3

adidas joining nike in closing stores.er armour we talked about as well and lululemon there is leg hit to the economy as people are not shopping. amazon looks like there is spike in online shopping. as a result amazon is hiring 100,000 workers, full-time, part-time in the warehouse and delivery paying extra $2 an hour on top of 15-dollar minimum wage through april. amazon trying to make sure they have the essentials to ship for people that need it in the coronavirus spread. they say they are not accepting any non-essential items in the fulfillment centers. they say they are temporarily prioritizing household staples, medical supplies and high-end products coming into the fulfillment centers so we quickly restock and deliver products to the customers. we heard stories of run on clorox wipes and purell hand sanitizers. amazon is trying to make sure that they are ready and available for households that need it. guys, back to you. david: amazon, thank you. we thank you, very much grateful for the trust you put in us and our wh

in addition to food and supplies it includes dozens of plastic pellets from adidas.he shoemaker is using that part of a project making better's the chris. better sneakers. >> a rescue in alabama. they saved a man who got stuck in a tree. he was clinging to the branches for about three hours before they arrived. he was taken to the hospital with a leg injury. >> the latest on the cruise ship off the coast of northern california with passengers who have tested positive for coronavirus. >>> an update on the deadly hotel collapse in china. it was housing people who came from areas that had been seriously affected by the coronavirus epidemic is we bet you know this place. you know, the happiest place on earth, but... have you flown the fastest hunk of junk in the galaxy? or channeled your inner jedi? you gotta love that... have you raced through radiator springs? or struck a power pose with them? now is the perfect time to feel like this... and this... and definitely that. kids enjoy the magic for just $67 per child per day, with a 3-day 1-park per day ticket. >>> live fr

closures, macy's this afternoon announcing they are temporarily closing all stores in north america, adidasd nike in shutting down stores for the next two weeks, apple penciled in march 27th as a possible reopening date, now closing all stores until further notice, also the uaw which represents hundreds of thousands of autoworkers on a two-week break because of the coronavirus spread. >> bill: storefronts might be closing, people are shopping online in a big way, aren't they, susan? >> orders online are surging, that's why amazon is hiring, looking to hire 100,000 more employees, paying an extra $2 an hour on top of the $15 minimum wage and that's through april but more important the amazon says they will stop accepting nonessential goods into their warehouses. in a statement as at fox, amazon said through to april 5th, independent sellers will not be able to ship products other than the necessities and we are temporarily prioritizing staples, medical supplies, and other high demand goods that, in. you know, bill, we part of clorox wipes, not being available, hand sanitizer, amazon wants to

. >> adidas says it could take a first-quarter revenue hit of up to one billion euros as a result ofnavirus. the sports brand said sales in china were 80% below 2019 levels from january 25 through the end of february, but since then, stores and warehouses have gradually reopened and consumer traffic in china is slowly picking up. what is it like on the ground in china? how quickly and how much is traffic coming back to normal in your stores? >> we did see in february, the business was down 85%, which means we are seeing in china and decline in this court including take backs around one billion. we are growing the other regions. we are seeing a return into the stores. we are seeing a slight increase in traffic, but we are at the end of the food chain. in two weeks in your apartment, your first move isn't to buy sneakers, it is to buy food. we are seeing slow china, which will last for a while. >> reporting fourth quarter ebit falling short of estimate, the largest express delivery company suffering the largest of 60, 70 million euros but confirmed guidance for the full year. brave mov

adidas will not close its stores.the stores will stay open to ensure its employees can get paid. >> people are talking about july, august, something like that. so it could be right in that period of time. no matter where you look, this is something -- it's an invisible enemy. lauren: that was president trump yesterday saying he thinks the u.s. may not be able to contain the virus outbreak until at least august. could it really last that long? if so, how do americans prepare. here to discuss, emergency room physician and former u.s. marine, dr. richard mccormick. thank you for joining us. thank you for everything you're doing to battle coronavirus. you put your life at risk every day. thank you for that. what is it, day 57 that we're dealing with coronavirus in the u.s. have we truly made progress? because the president just said we could be dealing with this through summer. >> sure, we've made progress, if you look at the technology that was applied to this disease process. it's unprecedented if you compare it to othe

aboard the iss the shipment though also had dozens of plastic pellets so they could research how adidas makes it shoes. they're hoping to do some research to help lead to make a better sneaker. kron 4 news police are still looking for the 3 men who slammed into police cars. >>why they're considered to be a sophisticated burglary crew. and our coronavirus coverage continues after the break what health precautions. officials at cracker barrel you'll always feel right at home, with favorites like our golden country fried steak, our scratch-made buttermilk pancakes, and our signature chicken n' dumplins. so come on home to what you love, come on home to cracker barrel. >>the number of coronavirus cases in the united states more than tripled in the last week as the number of confirmed cases across the country now tops 400 all eyes are on outbreak hot spots in the united states, including the cruise ship that's right off the coast of san francisco where 21 people have now tested positive for coronavirus we're melissa rainy has looked out how state and local officials are working to reassure t

cheryl: adidas will lose more than a billion in greater china sales due to the coronavirus.atching headlines. there were red arrows despite u.s. markets gaining. japan and south korea the two hardest hit markets there. lauren: we're watching stimulus responses from governments, in london the bank of england cut interest rates, the ftse is up one and a third percent this morning. the cac is up two and a quarter percent. the german dax up 2% this morning. cheryl: amid th the coronavirus crisis, wall street's top executives are headed to the white house to meet with the president over the impact from the virus especially on the u.s. economy. the ceos are on the guest list. lauren: yesterday, president trump announced he wants a zero payroll tax to combat the fallout from the virus. larry kudlow says, hey, he thinks it's not only going to help the economy but will also help everyday americans. >> i think it will be a stimulus. i think it takes pressure off middle income people and gives them liquid at this. >> not if they're not working. >> most of them are going to be working a

adidas just in the past hour say they are closing up shop. at least temporarily, until march 29th. apple has actually taken back the deadline, saying they would reopen possibly on march 27th, now looks like it's indefinite until they get clear signs this coronavirus spread has been contained. nike says they are closing shop until the 27th. no update on that date. lululemon, under armour, the list goes on and on in terms of the number of stores that have been closed. there is good news for amazon and online retailers because bricks and mortars might be closing up shop but people are still shopping on the internet. we heard from amazon saying they will hire 100,000 extra employees across north america for their full fimmefillment ce paying $2 on top of their $15 minimum wage they are already paying workers because of the huge demand they are getting for shipping out goods because people are not going out for point to point or human contact to buy their goods so they are shopping online instead. just to clarify also, amazon recognizes that there has been huge demand for essentials lik

adidas announced closing doors temporarily in europe and north america, until they say march 29th ishe date. apple reported yesterday. apple revoking march 27th reopening date. they say it is indefinite until the coronavirus has been contained. nikes of the world and lululemons, alta says they will be shutting doors as well. that is the makeup brand we talk about. tapestry owns stuart weitzman, coach, kate spade saying they're closing their doors. instead of shopping bricks and mortars and the storefronts, people are staying home quarantined, and they're shopping online. amazon is reporting higher demand, to meet demand they need to hire 100,000 full time, part time employees, pay them two dollars more than the $15 an hour they pay the employees. they will be they say prioritizing essentials, especially in the coronavirus spread. the essentials being medical supplies. sending a statement to us here at fox news today, amazon saying yes, we are doing this. they have pretty much confirmed this, temporarily prioritizing household staples, medical supplies, high demand products into the f

eddie just says in china -- adidas says in china, the coronavirus will cut first quarter profit by about0 million. also says it can't estimate the full-year impact. sales -- last month, sales in china slumped 80%. cathay pacific expecting substantial losses for the first half of 2020 as the coronavirus outbreak hurts travel demand. it is adding to the pain for the carrier after last year's pro-democracy protests in hong kong. that is your bloomberg business flash. alix: thanks so much. one other story we are following is the market volatility, what it means for pension funds. they may find themselves in a bad position. on stocknomics depend market returns and bond yields, both of which are getting creamed. this chart shows s&p 1500 pension funds had already seen a status fund drop. it is a lot worse now. crisis also for states. this is bloomberg. ♪ bloomberg. ♪ alix: this is "bloomberg daybreak." goldman sachs culling the end of the bull market. they see downside to 2450 in the s&p, and a rebound by the end of the year to 3200. nonetheless, big call coming out from goldman. the underperf

it's carrying more than 2 tons of supplies, including plastic pellets adidas is using as part of itsh to design a better sneaker. >> because you see the effects of space on plastics? >> i have a space jam thing going on in my head but i haven't been able to -- >> because you want to make sure you have a great sneaker if you're in space. >> of course. >> and gravity. >> welcome back to "cbs this morning: saturday." we continue this hour with the mother accused of escaping to hawaii as the search for her children stretches across several states. on friday she appeared inside a courtroom in idaho for the first time since her disappearance and a judge reduced her bail. jonathan vig lreports. >> as many in the town of rex burg demanded to know where are 7-year-old jay jay and 17-year-old tylee. valley is charged with felony child abandonment has revealed nothing about the fate of her kids. investigators confirm they were last seen in national yellow stone park. >> there is no evidence of her leaving the park. the fbi is now calling on everyone who visited here september 8th to look throug

outside of their hometown to factories across china to work for well-known global brands like nike, adidas have seen that the workers continue to be taken out -- outinces like who die to provinces. they continue to be transported to work at a time when there is a shortage of workers. a diseasee seeing is like coronavirus exposes the deepest problems in a society. in china, that is the lack of transparency and openness. it is also the mistreatment of minority citizens. we are seeing the government disregarding the house -- health and well-being of minority citizens. cultural genocide already happening, sending them to the center of the epidemic to work. haidi: it is incredible, in terms of the supply chain, where the end product ends up. nike, dell, victoria's secret, pretty much- it is household names. how much accountability is there for these companies and brands, given that the initial response from some of them was -- our understanding is that we do not direct workers that are involved in this. is there a shrugging off of accountability? >> absolutely. just this week, we have seen an a

take 25% off adidas!... and save on nike... and vans... save on adid women's jackets...akers are $64.99 and under! plus, get kohl's cash! and - kohl's takes your amazon returns too! shopohl's and kohl's dot com. in response to the state's declaration of state of emergency for the coronavirus caltrans decided to launch a statewide campaign on its highways. you've probably seen these signs all told more than 700 of them. >>been posted with messages like coburn 19 less-is-more of or get avd gatherings and disinfect to protect also wash your hands. outbreak affecting west coast amusemenparks. this was a lo at disneyland in anaheim on saturday. this is just the 4th time the parks have closed down since opening back in 1955. disneyland is expected to rein closed through the end of the month, universal studios in y for hollywood.universal will also the month governor newsome f praised hese closures saying it was the right thing todo dave. >>all right so we'relooking at still rain fell in a tracker storm for take a look atwhere the ague is extend all the way from the delta real

yesterday said they are closing all north american stores at least for now, the next few weeks, and adidas joining nike also in shutting up shop as well. stuart: thanks, susan. let me get back to shah gilani for a second. shah, you just saw the stock price there of apple. $239 a share. that's a company with i don't know how much cash it's got, i'm told it's about $200 billion. surely there's value in apple at $239, $240? >> yes. there's plenty of value in apple. the question is at what level. maybe at this level but i don't see it because the demand destruction across the globe has been so dramatic and i think it's really just picking up in terms of the destruction. yes, they came out with new products, maybe trying to put forward a good face that we are going to try to continue with our business practices and develop and bring out on par with the cycles we had planned in the past, et cetera, business as usual, except consumers are not in the mood to purchase telephones or iphones or ipads at this point. consumers are in a state of shock, not knowing what the future is going to be. you hav

take 25% off adidas!... even this one. and save on nike... and vans... nike graphic tees are just $19.99... and vans sneakers are $64.99 and under! plus, get kohl's cash! and - kohl's takes your amazon returns too! shop kohl's and kohl's dot com. >>> a very good morning to you. it is 7:26. i'm laura garcia. a live look at sfo this morning. at midnight tonight president trump's travel ban takes effect. the ban limits travel from 26 countries in europe for the next 30 days. the uk and ireland are exempt. the ban applies only to foreign nationals and not u.s. citizens or green card holders. the president says all americans returning home from europe will have to undergo health screenings. >>> two more bay area school districts announced plans to school. both cases campuses will close starting on monday. >>> we have some rain heading our way. a clear day today, kari? >> we can see the sun just about to rise over the hills. we're going to have a beautiful day, get out and enjoy it as our temperatures reach into the low 70s for this afternoon. reaching 72 in c