erik: i'm erik. i'm the owner. lemonis: i'm marcus. nice to meet you. erik: nice to meet you.t's kind of a slower event, but it'll work out pretty good. lemonis: small businesses rarely have the budgets to do big marketing campaigns. so taking over a corner where you can pass out samples and brochures and talk to customers about your product, it's a good idea. so, how many customers do you have in total? erik: we have a total of 300 customers we service. we have 3,000 in the system. lemonis: and how long does a typical customer stay? erik: about three months. lemonis: so, your typical customer stays three months? erik: yeah. now, i have customers for life. lemonis: i want to see you do your marketing thing. erik: yeah. 20 new clients this week. lemonis: let me see it. make it happen. erik: [ laughs ] so, chicken and spinach, or do you want gourmet, delivered health food? there's two servings to a snack for $7.50. diana: if there's any type of allergy, we can actually help you with that. erik: hello, dessert samples. key lime pie? lemonis: erik's idea of healthy eating is a gre

i'm erik schatzker.organ stanley reported earnings this morning, and it was mostly a strong performance, given the extraordinary period we've lived through, the volatility in march. with us for an interview is none other than the firm's chairman and ceo, james gorman. thank you for joining us. james: thank you for having us. erik: you had the coronavirus. you spent a month at home, running and 80,000 person firm. how are you doing? james: you know, i'm doing great. thank you. i am completely recovered. to be perfectly clear, i had the virus, but i was one of the lucky ones. i was not hospitalized. my lungs did not get infected, which was a real blessing. unpleasant, it certainly, and those could -- certainly, in those conditions, is manageable. my heart goes out to those who had out as fortunate or who underlying health issues, and the elderly who have struggled and have tragically passed away. i just wish everybody well who and wish them to stay hydrated, stay rested, and wish them the best. erik: i sec

erik schatzker joins us with our guest. erik: tony, are you with us? tony: i am with you.re you able to hear tony? taylor: why don't we work to get tony on the phone. ofk, you have done a lot these interviews with big newsmakers in the last few days, last few weeks. is there consensus on the economy, how everything is going? what are you hearing? erik: it sounds as though we may have tony. are you with us? tony: this is tony speaking. we had a technical hiccup. my apologies to you and our viewers. let's get down to it if you don't mind. you are the executive chairman of ares, for those are do not know ares management, it is one of the largest non-bank credit platforms. you are also a player in real estate and private equity. many businesses, most exposed to the coronavirus, will start missing rent and interest payments, if they have already not started missing them. what is happening in your portfolio? how do you see things? talking about the portfolio specifically versus the world or marketplace or country we are in right now -- please understand, we are obviously in this

he was speaking with erik schatzker.k schatzker will be joining this program after the break when he will have a interview with the ceo of state street, renault hanley. this is bloomberg. ♪ scarlet: during last week's round of financial earnings, state street posted first-quarter profits and provisions for losses. erik schatzker is standing by with the chairman and ceo. erik: that would be ron o'hanley , who is with us from state street headquarters. good to see you. ron: how are you? erik: doing well, thanks. state street plays such an important role in financial markets. but here is where i want to begin. there are few more important things right now than the fed liquidity programs. state street is playing a key role in at least three of those programs. what can you tell me about the way those programs are working so far? what these programs are emblematic of is what effectively the fed, policymakers in general have operated here. what everybody recognized quite early on is that you have a public health crisis that has

erik: what about the longer-term situation?f we are in a u-shaped recovery, the tax receipts will not be there. not six months from now, maybe not even a year from now. i cannot imagine the fed and possibly treasury department are going to want to continue to back up the states indefinitely. gary: as we come back into a more normalized economy, the sales tax, we hope, will come back. income tax and we hope will come back. the filing date for 2019 was extended out. 2019 tax collections will be collected. states will normalize over time as people get back into the economy, reenter the workforce. this gets back to my hope, that we can get people back into the shopping in ak to somewhat normal fashion. then they will be paying sales tax and income tax, and this will be a short-term problem, not a long-term problem. if we keep out of the workforce and they lose the national -- natural muscle memory of going to work, we will have a long-term problem with the states. do you think,o, now or later, they should be able to file for bankru

erik: yes. this is the extension of this conversation, that public debt goes up, and italy being the case in point, everybody says, my god, public debt to gdp goes to 165 or 180, whatever you make up. but it is the wrong analysis because debt to gdp is a stock mover flow concept, and when interest rates are low, this affects the whole conversation. in my opinion, what is the interest payment as a share of -- italy, even on the most significant negative way, goes 7% to 9%.bit over is that really a big issue? it is not great, but it is certainly nothing that can persuade me that it is fundamentally unsustainable? with us fromlsen unicredit, and we will continue. fascinating to see some of the dynamics over the weekend. get back into to lessform of socially distance amid this pandemic. coming, look for ian bremmer of eurasia group. an update on a cheap euro world. this is bloomberg. good morning. ♪ tom: good morning, everyone. frommberg surveillance," london and new york. in six weeks county, maybe

erik: it is great to see you. know no one wants to characterize it quite this way, but based on the numbers you reported this morning, the covid-19 pandemic has been good ?or your business, hasn't it adena: i would start by saying we have a very resilient business model and a large diversity of revenues. we had our trading business, and with the volumes we experienced in the first quarter, that business did benefit from that, but we also have the majority of our revenue, about 70% is recurring revenue that comes from our software business, our data and analytics, and our relationships with corporate clients. the year started off very strong across all of our businesses. as we got into march, our trading business did handle a lot of volume. the other businesses, because they are generally recurring in nature, tend to move down the track. i think the one thing that is clear is that the ipo environment has slowed down considerably, so that will obviously have some impact on our corporate side. on our software and and

erik: that is busy.now the federal reserve is going to buy hundreds of billions of dollars in corporate bond and even dip its toe into the junk market. fedhe market pricing that bid appropriately? there is a lot of enthusiasm for investment grade. or is it getting ahead of itself? glenn: i think the market has done what you would expect it to do. what i like to highlight for our investors is there has been a massive differentiation in performance in the higher quality portion. the high-yield market is down 10% year to date. it was down 20 percent at the lows. if we look at the separation of bb and high-yield, that is only and ccc is down 21%. the statistics are basically the same for the leveraged loan market. i would say the market has priced up the quality end of the leveraged finance market and ultimately left the distressed opportunity investors like ourselves to seize upon those names that are more challenged, and those that have more covid related exposure to generate higher returns. erik: where th

erik: david, phenomenal perspective.ou for entertaining some any questions and sharing your views on somebody critical -- of so many critical aspects of the markets. that is david hunt, ceo of pgim. alix: thanks so much. this is bloomberg. ♪ alix: this is "bloomberg daybreak." i'm alix steel. the jobs data coming out in just about a half-hour. yields go nowhere. oil still getting a bid if we do get some kind of global production cut. coming up, lara rhame will be joining us, fs investments chief economist. this is bloomberg. ♪ shouldn't you pay less when you use less data? now you can. because xfinity mobile gives you more flexible data. you can choose to share data between lines, mix with unlimited, or switch it up at any time. all on the most reliable wireless network. which means you can save money without compromising on coverage. get more flexible data, the most reliable network, and more savings. plus, get $300 off when you buy a new samsung galaxy s20 ultra. that's simple. easy. awesome. go to xfinitymobile.com to

erik: is it possible the best buying opportunities of this market are behind us?is possible. it would defy comparisons from the past. we do not have knowledge of the future. by the way, knowledge of the future is the current working title of the memo i hope to get out today or tomorrow. ampared to the past, this is speed andecord proportion. if you look at the past, most rallies in the middle of bear markets have been followed by subsequent declines. usually, markets don't rally straight up. erik: it sounds to me as though if would not be surprised these levels did not hold and markets were not to necessarily retest those lows? howard: i would not be surprised. having said that, i do believe that we need be less defensive than we were six months ago or so. rallies, they have always been -- fast rallies have always been interrupted by fast retreat. recount in your latest memo how aggressively oaktree bought debt in the financial crisis of 2008 before the ultimate lows were reached in march of 2009. workuch has oaktree but to since this crisis began? award: i can't

. ♪ erik: welcome back.rnings season set to begin, investors have many questions about markets, credit, distressed investing. with me on the phone from los angeles's howard marks, the founder and cochairman of oaktree capital. in your lows -- in your most recent memo you said now is no time to be cautious or a time for investors to be defensive. how offense of should investors be? things are changing so fast nowadays, you are quoting from a memo that came out a week ago. when it starts with the word now, we are talking about then, not now. these change radically. clarify that what i was saying -- you had me on the program many times in recent years. generally speaking, i've been arguing that investors should have been tilting towards defense. portfolio ise in a whether it is more defense of an iveense of or more offens then defenssive. the point of the memo was we need to adjust our expanse. those who were defensive no longer should be as defensive. a lot of response was howard marks says buy. i was to make

erik nielsen -- all right, don't have erik nielsen, so we will get back to erik nielsen in a second. but if you look at some of the main debates in europe, it is very clear certainly for european countries -- i don't know if it is different in the u.s., that the government will take on more of a role, whether that extends to much more of a safety net, and then we have european leaders this week to try to figure out what the best response is to speak with a common voice. a lot of people in your, and i am looking forward to speaking to the -- a lot of people in europe, and i'm looking forward to speaking with one guest a lot if european leaders stake -- tom: i have read a fair amount of that this over the weekend. i don't see a a brussels approach with the pandemic. it almost seems like every nation for itself. onet is fascinating is how al sweden is, and over the weekend there was an abrupt shift in the zeitgeist of sweden saying they could see a more co-mingled society and less social distancing. they got some respect yesterday with statistics that said may be the swedish model there

cohn talking with our erik schatzker.his morning, one analyst said it will be hard to predict which way the markets go. we could see them go either way depending on the news. there has been a lot of news, there is no real definition to the markets. new york reporting the third day of increase in coronavirus cases, but the fewest new virus deaths since march. italy reported the fewest virus deaths and more than five weeks. not enough to push all markets higher, but as you can see the s&p 500 is up more than .1% in the dow is down more than .1%. the nasdaq higher as well. looking at the bond market, real reflection of what is going on. the two year note yield at 21 basis points, the five year at 36, the 10 year at 60. we all stayed up late last night to watch the nfl draft. david westin will be back in a few moments. he will be talking about that. i am michael mckee sitting in for david. this is "balance of power" on bloomberg television. ♪ nowadays you do more from home than ever before. the xfinity my account app puts you

erik: i don't trust anything that goes on.

erik: you have done the work. how fast?for ethics, they have been the most thorough i have worked with. they say you cannot start until june. that is an extra month. i do not think it is four months. ask is if we started two weeks or six weeks. in the short run that will make a difference but in the long run that will not make a big difference. i am semi-confident that by midsummer we are back by some form of normalcy. not normal in the same way. we will not be going to rock concerts, but we will be going to work, we will be going to bars. life will look somewhat normal. probably like it looks in hong kong. erik: what kind of a hangover is there going to be for the economy, if you are right in by june we are all going back to work, we are going to be in our offices, after having been shut for three months? michael: a big one. this is the $64,000 question. we have had the single largest economic destruction in any of our lifetimes. that is not debatable. at the same time, we've had the single largest fiscal and monetary stim

arborist erik tjossem has been brought in to oversee the treacherous assignment.y. step one -- cut the limbs hanging over the gift shop. >> we had to climb up to the top. it can definitely be dangerous. i mean, we're talking about being hundreds of feet off the ground, and we're just attached by ropes. >> with the hazardous limbs shaved off, the crew makes a pie-wedge-shaped cut into the face of the tree. >> that gives you the direction of where it's gonna fall... hopefully. >> the next step is to make a horizontal cut on the backside, but not all the way through. a piece of the middle, called the holding wood, remains intact, acting as a hinge to help guide the tree down in the desired direction. at least in a healthy tree, it works that way, but the inside of this one is full of rot. erik is not sure the holding wood will, in fact, hold, meaning the tree could fall in any direction -- on paul, the gift shop, or into the forest where it could take out some other of the park's iconic treasures. >> if we kind of misjudge exactly the way that we were cutting it, it

erik: what does drastic mean? continue that thought. crisis, and you are 2pac -- and you are too young to remember, i used to have blue hair -- i used to have blonde hair and blue making 90. real estate does not go anywhere. the holders of equity in the holders of debt and occupants of places just rotate. the capital structure gets realigned. who is the beneficiary of the disaster -- it ends up being the little people, not the big people. the big people just restructure, whether it is debt, whether it is equity, they restructure. ,risis is in the housing market which is supported by fannie and freddie and a fluid commercial mortgage system, banks do not want to hold residential mortgages. they package those mortgages in trenton as of securities and sell them as bonds all over the world and that is what keeps the mortgage market going. most of the $33 trillion in north american residential is in a goldilocks era for 10 years. it is gone. to have newsire home starts in municipalities and states on the verge of bankruptcy themselves. it ta

dalio in conversation with erik schatzker. coming, james gorman will join us later in the morning, of course after earnings. for more importantly, a conversation with mr. gorman. coming up, andrew sheets of morgan stanley. please stay with us. this is bloomberg. ♪ francine: good morning, good afternoon, good evening, everyone. this is "bloomberg surveillance ," your insight into politics, markets, and economy. let's get to andrew sheets. good morning to you and thank you for joining us. we were talking about market reaction. they are looking at infections, a lockdown easing. are you worried that the markets are getting ahead of themselves? andrew: i don't think the markets are getting ahead of themselves. i think risk premiums across a lot of asset classes are still attractive. obviously we have rallied back fast, but i do think broadly the valuation picture is fine. but i do think actually the biggest risk is that it is tempting to think that kind of a faster reopening is a good scenario for markets, that the faster that thin

erik: can we talk about some of those consequences? i think that is a critical part of that conversation. when you say the word consequences, are you thinking about economic consequences like inflation, for example? a product, perhaps, of all of the liquidity being generated by the government? are you thinking about the impact it has on the treasury bond market? are you thinking about the impact it has may be only foreign-exchange market? are you think about those things, or are you thinking more broadly? tell me. ray: of course, it is my response ability to think about all those things, and that is my passion when i -- my passion since i was a kid. i am thinking about all of those things. you also have to bring in elements of wealth gaps and politics. operated does not without consideration to how wealth is distributed. so i am thinking, for example, that when we look ahead, the world is going to be very different when we think about how you will pay for it. reversal of the corporate tax cut, for example? the paradigm that we were in

james: i second those --erik: i second those wishes. ray dalio told me yesterday that the is much worse than the 2008 financial crisis. what kind of basecase functions are you making at this point for the recession and the recovery? james: i'm not sure i agree with that. , the gdpmic impact decline is obviously much worse, but it is so specific and it is built around the virus. what sort of world will we have when we have immunity from it, when we have the right testing? there's so many unknowns now whereas back into thousand eight, it was a collapse of the whole financial system. had the system not been rescued, who knows what long-term damage, multi-decade might have been to the economies? truly tragice both situations. from our perspective and running a company, there's a few things you've got to focus on. number one, we've got millions of clients trading trillions of dollars around the world. our plant has to work. we have to be able to facilitate clients doing that so that they can manage their businesses. they have to have the abi

erik: i hope the same applies to you.de so much progress as one of the lead investors in pg&e's restructuring. i wonder, could it all unravel because of the coronavirus pandemic and the impact it is having on credit markets? question, but thankfully, the company worked hard to secure all of its financing going back over the course of the last number of months. but from banks, as well as the supportive group of bondholders that were willing to lock in financing for the company so that it would have that portion of the bankruptcy really secured. that, coupled with an equity backstop from a group of shareholders and other interested parties, has allowed the company to have the onceinty to achieve exit two remaining pieces of the case are resolved. first, the approval of the company restructuring plan and it's going forward operational plan, as well as the vote from the victims saying they approve their treatment in the plan. these are the two last pieces of the puzzle. both appear to be well on track. erik: i definitely want

we will now hear from our director of public safety, erik hooks. erik? sec. hooks: thank you, governor. yesterday, we announced a proactive and progressive approach in our effort to contain and reduce the spread of covid-19 at one of our correctional facilities. presenting secured and accomplished testing, all 700 vendors at the facility as well as providing access to tests for staff who wish to be tested. this is the result of a strong, collaborative, coordinated effort between the command team, the department of health and human services, the state laboratory of public health, labcorp, and the wayne county health department. inhave medical protocols place to handle this, and it is better for us to know upfront what we are facing so we can do what is necessary to stop the spread. we knew that there was a risk that others were positive but not showing any symptoms of covid-19. wabs were taken wednesday from around 300 who were most likely at having had exposure. we have the results of those tests, and over half of those came back positive. the remaining 400 o

and, i mean, erik and chetle, i'll start with you, erik, it must be your mothers, right, i don't knowur ancestors are still alive, but i can imagine that the closer the generation must be super excited about this discovery. >> my grandmother kept the family pretty close and initiated a lot of reunions. one of them was in norway and chetle was there in 1996. we came to find that out later. so, yeah, the cousins are excited. there is people from all over the country who are related to us who are interested in coming out and meeting and participating in the story. it is very exciting. >> you wouldn't probably have had the time to sit and chat with each other in this way had you not been under these lockdown orders because, you know, obviously we all just go about our regular business and we're normally businessy, but n are spending more time with neighbors. it is great to hear your story. >> we look forward to hearing about the big norwegian backyard barbecue once this is all over and we really appreciate you sharing your personal story of discovering each other with us. >> thank you. >>

he spoke with erik schatzker during the bloomberg invest event. here he is.ate somewhere in andvicinity of $5 trillion, the skin in the world economy is somewhere in the vicinity of $20 trillion. who hasparticularly at what holes and how they will be filled. , the real economy, which is goods, services, production and all of that, in the world, over the next year, will probably have a fall of 5%, which is a bigger fall. this is a bigger event than the 2008 financial crisis. it is most comparable to the 1930 to 1945 period of time in terms of the size of the whole unemployment rates -- we will adapt. one of the great things about the greatest course inhumanity and the greatest course in productivity is the compact -- the greatest course in humanity and the greatest course in productivity is the ability to adapt and change their way of doing things, and they are doing that right now. i am pretty confident that the inventiveness, the adaptation will bring us to a new way of operating. and let's say if you take that a peak tohat will be trough decline of somewher

not want to head over to erik schatzker for an exclusive interview with henry mcvey. us from richmond, virginia. your head of global macro and asset allocation and you run kkr's balance sheet. you have thought about the implications of this pandemic. the stock market is telling us recovery will the be almost as powerful and swift as the collapse. what do you think? do we have you? it appears we have just lost henry. these technical difficulties largely a result of having to work from home. i am not at home but you are in so many of our colleagues. headed back to you for the moment and i hope we can reach henry again and get back to that conversation. alix: no problem. this happens a lot. thanks for rolling with patients. you are seeing risk on in the equity market. i want to highlight individual names. gilead is one of the out performers. part of that is because one of their drugs may be working to treat the coronavirus. you are taking a look at boeing, that stock is popping. they might plan to reopen some of their plants as well. you're also looking at procter & gamb

market capital cofounder and managing partner, erik rannala, joining us.seeing increased demand for medical gear and e-commerce as the coronavirus grounds of their operations to a halt. the delivery company is among those deemed a critical infrastructure business amid the outbreak. david agni told us how that could affect their bottom line. say,: what i would industrywide, from a whole microeconomic standpoint, is obviously a lot more health care, pep, -- ppe, and critical shipments like that, and i think you are seeing that all across the industry, and with businesses being closed and with people sheltering in place, you see more e-commerce or more residential deliveries across the industry. that would be the two biggest things and the good thing about our flexible logistics network is that it allows us to meet the needs of governments, meet the needs of our customers so it is an interesting time. that is for sure, david. you justp on what talked about. you really have pushed hard on automation and bringing the computer, the digital age, into your deliver

with me today, i also have mike sprayberry, our director of emergency management, erik hooks our secretary of our department of public safety and attorney eneral josh stein. american sign language is provided by monica mcgee and lee williamson. and behind the scenes, spanish language nterpretation is provided by jackie metavir and jasmine metavir. so now, i will recognize dr. mandy cohen for a few remarks. dr. cohen. dr. cohen: thank you governor. so, i'll start with just a few rundown of the numbers. as of this morning, we had 1,498 cases in north carolina, and that's in 77 counties. the median age of those testing positive for covid-19 is 47, again, that's of all the people testing positive. currently, there are 157 people who are hospitalized. as the governor mentioned, we've already had eight deaths. we've had more than 23,000 tests that have been completed across the state. from labs that have reported their negative tests, not all do though, so that we know is the low end, 23,000. we have also more than 8,000 tests continue to be pending. the samples have been collected and we will g

miranda called him one of the funniest writers on this internet welcome to the stage are erik thomas.>> oh my god. i am so genuinely honored to be in the room with all of you. i come from a family of audiobook listeners. i am a lifelong audiobook listener. i am deeply deeply honored by you and the work that you do. we used to borrow them from the library and would borrow that novelization the "star trek" novels i really enjoyed. the first audiobook i remember us buying was the bible. my father was insistent. it came on cassette and i believe it was unabridged so is like literally 60 cassettes. i was telling my father's doing this and he was like you know a blessing to all of it and mike i hope you did. >> member pulling out a cassette listening to it and like deuteronomy listening get all those nays exactly right i am living my best life, right now. the lyft driver had nationally said he's also a voice factor he was asking about it he was up for a new recording of the bible like they have something? >> no they just doing it again. they're going to pull a. >> truck up to your house as

kpix 5 at 6:00, ken bastida and erik cook. >> now at 6:00, the bay area mayor calling out federal authoritiesy she said essential protective gear is being diverted away from san francisco. >> plus frustratingly slow road projects in the bay area getting a boost during the shelter-in-place order. the major highway construction that is making head way. >>> and bay area muslims forced to alter ancient traditions, how celebrating ramadan will be different during the lockdown. san francisco's mayor frustrated with federal authorities in the fight against coronavirus. good evening, alex elizabeth cook. >> and i'm ken bastida. >> wilson walker joins us with more on the city's challenges. wilson? >> yeah, ken, the mayor gave an update on sort of all things coronavirus related today in san francisco, and the big headlines, one, the challenges in getting medical equipment. she seemed to lie that at the feet of the federal government, and, two, we are in for a lockdown that is almost certainly going to extend past may 3rd. >> the reality is, and people are asking about this, will the public health order

just a year ago 50000000 just just brought here to tbilisi erik island's. hotel only montserrat for say you know no fears for her likely shoot all restaurants and hotels in majorca have been forced to shut down indefinitely. and even economically speaking this is a disaster for us and everyone who lives for tours and on the island. this used to be one of the busiest streets of palma now everything's closed the belly eric island's g.d.p. could tumble by a 3rd it's feared that spain as a whole could lose 90000000000 euros of revenue. as vital to the country the local government here is pushing for the reopening of those essential sector. committee was we want to slowly we're starting august which about a quarter of last year. that would be a good sign. montserrat wants to welcome holiday makers to her hotel again but it's unclear just when it will be able to reopen the residents stressed that they are sealed off from the mainland and a number of infections here is relatively low my. position itself as a safe destination and this is also why we hope to welcome

chief sees government efforts to supply protective equipment to medics is not moving fast enough dr erik shoals a has been describing the situation. but sure as you're going to fall in the eld of france region we're sort of playing a game of tetris meaning that whenever we take patients out of intensive care places immediately taken by another patient there is a period during which we will continue to work and lack equipment. or france is currently dealing with around 90000 confirmed infections and over 7 and a half 1000 deaths the enforced stay at home regime is mentally taxing for everyone but for some the dangers are far worse than school reports from partners. president mark owen has described domestic violence against women as says shame or average one woman is killed by her partner every 3 days it's one of the highest femicide rates in europe times of crisis always conducive to a rise in violence for those suffering home it can quickly go from psychological abuse to physical and sexual violence and can even lead to families side as france enters its 3rd week of lockdown it's becomi

. >>> a judge in the ghost ship case decided to release erik alameda. and don't expect sports back in santa clara county until late november at the earliest. that's according to the county executive officer. the county is home to the 9ers, the sharks, and three big universities. >> in san francisco after the transit agency cut nearly all of its routes. only 17 of the city's bus lines are currently operating. abc 7 news reporter kate larson is in san francisco with the story. >> reporter: the streets may be empty, but what's left of san francisco's bus fleet is bustling. the social distancing that people are practicing at the bus stops is often undone once they get on board. these photos of people sitting side by side and standing shoulder to shoulder were taken wednesday at 4:00 p.m. on the 38. >> they're too grouded.epte sns going to maskng too much, i just get off and walk. >> reporter: only 17 of the city's 79 bus lines are running right now which is just 20% of the city's transit lines. and with 100,000 people still riding every day, it means there

erik blutinger as he walked through mount sinai hospital in queens where patients line the hallways. what's the situation like there right now? >> it's intense, very intense, but thankfully this week has looked much better than last week. >> reporter: new york hospitals admitted about 2,000 new patients, and that's actually the lowest number in two weeks. >> we are controlling the spread. >> reporter: today governor andrew cuomo signaled the worst could be over. >> if we do something stupid, you will see those numbers go right back up tomorrow. >> reporter: still, fr >> reporter: still, front line healthcare workers across theng cbs news has learned at least 1,500 healthcare workers have suffered from covid-19-like symptoms in michigan's largest hospital network, beaumont health. mo menard is a director of nursing. she lost her own 47-year-old cousin, a mother of four, to the ,irus, laneeka arksdale. >> i'm a human being. this is nothing we have seen to this capacity. s reporter: as covid-19 spreads, ppe across the country continues to stretch thin. states like virginia are scramblin

erik eiting has been working the overnight shift. >> we're seeing plenty of coronavirus cases. some people as young as in their 20 and people as old as in their 80s. >> reporter: this week, the hospital revising its policies to allow some families time with their loved ones. >> we decided to change it for patients who are very near the end of life so that people don't have to die alone. >> reporter: today, new york governor andrew cuomo issuing an executive order requiring everyone to start wearing face coverings in public. in massachusetts, the governor announcing deaths in his state now topping 1,000. >> at this point in time, we are in the surge. yes. >> reporter: in miami, a line of cars snaking around hard rock stadium.hundreds showing up to tested. but for many, the wait ending in disappointment. the facility can only perform 700 tests a day. >> i came yesterday and i couldn't do it. so i had to come back today. >> reporter: tonight, a growing consensus that stepped-up testing is the key to putting america back to work. >> the more testing, the more open the economy. but

has acknowledged its data sharing in a blog post and says they're doing away with the practice erik un says our customers privacy is incredibly important to us and therefore we decided to remove the facebook s.t.k. in our apple base client and have reconfigured the feature so that users will still be able to log in with facebook via their browser the lawsuit also claims as soon was paid for sharing user data but according to zooms chief legal officer resume has never sold user data in the past and has no intention of selling users' data going forward but privacy concerns aren't the only thing plaguing the video conferencing company the f.b.i. is warning zoom users about teleconferencing hijacking happening all across the country there have reportedly been multiple incidents of conferences also being distracted by pornographic images images and threatening language the agency's boston office is urging users to not make meetings public or sherie links to video conferences on social media as covert 19 has made an impact on the stock market zoom has actually seen positive gains as their po

has acknowledged its data sharing in a blog post and says they're doing away with the practice erik un says our customers privacy is incredibly important to us and therefore we decided to remove the facebook s.t.k. in our apple base client and have reconfigured the feature so that users will still be able to log in with facebook via their browser the lawsuit also claims is who was paid for sharing user data but according to zooms chief legal officer resume has never sold user data in the past and has no intention of selling users' data going forward but privacy concerns aren't the only thing plaguing the video conferencing company the f.b.i. is warning zoom users about teleconferencing hijacking happening all across the country there have reportedly been multiple incidents of conferences also being disrupted by pornographic images hate images and threatening language the agency's boston office is urging users to not make meetings public or sherie links to video conferences on social media as covert 19 has made an impact on the stock market zoom has actually seen positive gains as their

week the government efforts to get protective equipment to medics still isn't moving fast enough dr erik charles has been describing the deluge of patients his region is having to treat. visually deformed in the ills of france region we're sort of playing a game of tetris meaning that whenever we take a patient out of intensive care their place is immediately taken by another patient there is a period during which we will continue to work and lack equipment france is currently dealing with a row 90000 confirmed infections and over 7 and a half 1000 deaths the enforced stay at home regime is mentally taxing for everyone but for some the dangers physically are far worse and shyla do bensky reported from paris. president marc cohen has described domestic violence against women as says shame or average one woman is killed by her partner every 3 days it's one of the highest femicide rates in europe crisis was conducive to terrorize and violence has also france harm it can quickly go from psychological abuse to physical and sexual violence and can even lead to fantasize as france enters its 3r

this used to be one of the big streets of palma now everything's closed the belly erik islands g.d.p. could tumble by a 3rd it's clear that spain as a whole could lose 90000000000 euros of revenue. and might help the country the local government here is pushing for the reopening of tensions like. i was coming. over and we took out a court of law for us that would be a good. place to kind of. montserrat want to welcome holiday makers to her hotel again but it's unclear just when it will be able to reopen the residents. from the mainland and the number of infections here is relatively low. my. first. i went home to welcome. me but on the potomac river to the stars but marched through makes it difficult to keep a distance of 2 meters from all those on the island. some very difficult times ahead. let's check in now on some other stories making headlines around the world boeing is thought to be planning to lay off 10 percent of its civil aviation staff the news agency a.f.p. reports the cuts would affect up to 7000 people working on the 737 max and the long haul 787 and 777 models a boeing

. >>> a judge in the ghost ship case decided to release erik alameda. and don't expect sports back in santa clara county until late november at the earliest. that's according to the county executive officer. the county is home to the 9ers, the sharks, and three big universities. >> in san francisco after the transit agency cut nearly all of its routes. only 17 of the city's bus lines are currently operating. in san francisco with the rson story. >> reporter: the streets may be empty, but what's left of san francisco's bus fleet is bustling. the social distancing that people are practicing at the bu get on board. these photos of people sitting side by side and standing shoulder to shoulder were taken wednesday at 4:00 p.m. on the 38. >> they're too grouded. >> reporter: sharon uses wipes and a hood to protect her face. >> if i see somebody who isn't going to mask or they're talking too much, i just get off and walk. >> reporter: only 17 of the city's 79 bus lines are running right now which is just 20% of the city's transit lines. and with 100,000 people

erik blutinger is sharing this video he took last week inside mt. sinai hospital in queens giving a glime inside the emergency department crowded with patients. >> everyone is covid positive in this hallway. >> reporter: but now dr. blut g blutinger says his hospital is slowly turning a corner. >> for mt. sinai queens hospital, we have seen gradually the volume drop but still a need for all hands on deck. >> reporter: with stress running high at hospitals across the country, nurses are highlighting the camaraderie and teamwork among the staff saving lives. >> it's inspiring to see so many co-workers willing to come in extra days to help out. >> reporter: now more stories of survival are emerging. >> i'm ecstatic to be home. i mean, you can't even imagine. >> reporter: steve sloshberg is at home with his wife in california but still on oxygen as he recovers from the virus. the 67-year-old isolated himself when he started feeling sick a month ago and was hospitalized days later. doctors considered putting him on a ventilator. >> i got very lucky at th

doctor erik eiting still seeing a flood of parties. >> some people as young as in their 20s and peopleold as in their 80s. >> reporter: being on the front line has taken a toll on health rsre workers. the c.d.c. tallies more than nd200 sick and at least 27 deaths, including minnoli aya's klyn physicianklyn physician assistant. >> she was my hero and she was other people's heroes and my dad likes to call her "super mom" e cause she really was. >> reporter: covid-19 hot spots continue to sprout up. a pork production plant in sioux falls is now the largest cluster in the country with at least 644 cases linked to the facility. nursing homes continue to struggle. in new jersey, nearly every facility has had at least one case. the death toll nationwide at e states, like westia in some states, like west virginia, the national guard is conducting tests. still, through the bleak, there are bright spots, like in oklahoma, where the family of geoffrey cowan was able to embrace after he spent 28 days in the i.c.u. >> he was very, very critically ill, and he's very lucky to be alive. >> reporter: a

that not an easy picture there because so far the countryside are not equally advanced and hip and erik's spain and italy and i'm very much involved now wolf assume to nala study here is that the interventions in all of the countries have a very similar effect. so basically would be used information from the more advanced countries to say what these interventions what do in the countries with the less advanced techniques so it wasn't specifically a study of how well these countries these interventions work in the country but more how overall they work ok in your study you say that interventions should remain in place until the transmission levels drop very low how do you define low levels and can we predict today when those levels will be reached let me try to explain a bit how this works so if you half in any epidemic an important number is the number of new infections you half per actually infected case with people that have been in the virus how many do they infect if that number is above one then the epidemics continue to grow if it's below dividend it was slowly die out now what we h

erik: what are the biggest obstacles?trepidation and gut instincts to temper your optimism with realism. what do you think those challenges are? gary: there are a large amount of people in this country right now who are getting government benefits. they may be in excess of what they will earn when they go back to work. look, that is a whole other conversation that we probably need to have in this country at some point, but if you are at home doing nothing, earning more money than you would if you went back to work, it is harder to get those people back to work. i know of and i have heard of many sort of fast food restaurants right now who are doing curbside pickup that are trying to hire people. i have seen "help wanted" signs and a lot of the local retail establishments who are doing curbside pickup, and they cannot get people to reengage in the economy. so one, we need to get people to reengage and want to go back to work and not rely upon a government handout. that is number one for me. number two is we are going to ne

he spoke to our erik schatzker about his oil purchased during last monday's crash. >> we keep it prettyged. but, even the hedges could not stop us from losing some money. but, we still have quite a bit, so i am not crying about it. i have always kept a large amount of cash, cash equivalents, for a stormy day. i think there is going to be very interesting times ahead. well you have to be extremely careful in this market, and we can discuss that, i think there will also be some good opportunities. i can't talk about it short-term. short-term, you may have some big downdraft. that is where i am with that. foundre else have you opportunities to make money in this kind of environment? i gather you bought some oil on monday? i want you to tell me about that. >> that is a much smaller item. down to -- we own a refinery. we own what i think is a very good refinery. we own 70% of it. when that -- when oil started sinking like that, i called them up. usually i don't micromanage. i said, we have some storage space. they said, it is hard to get the trade through, and whatever. they set it up real q