we will retest the low, have some shooting up. charles: in other words, it will still be a wild ride. when we hit that bottom we could get a sharp bounce. >> absolutely. it will be ferocious on the way up as well. charles: we hand it over to liz claman. liz: charles, if before this final hour the question was have we seen peak uncertainty, traders i am speaking to on the floor of the new york stock exchange as we head into this final hour are saying no, for a couple of reasons. we will get to that in just a minute. on this historic day, "countdown" is going to go completely commercial-free for the entire hour because the news flow is extremely fluid, as you know if you have been watching fox business all day, and it has been since the very early morning hours. that is when, we can show it to you here, the market hit daily losses never before seen. right now, all three indices are looking at the biggest point losses on record. you can see the s&p is down 6.9%. this is the intraday. just a few minutes ago we hit another record low.

low clouds. mild to warm.ay and will continue off and on probably into early next week. not continuous. but this looks like a big snow event for the sierra with low snow levels. that's the system for southern california into today and tomorrow. watch to the north as that system drops in. very cold dynamic system for us. and there's going to be some big time snow up in the mountains. if you have to travel, i don't think you'll be going far on sunday. 60s on the temps. 70s for some. tomorrow everyone begins to cool down and all the changes develop by the weekend there. frank. >>> a big morning so far an wall street. we've got some breaking news. trading was halted for a few minutes because it hit some numbers it's never seen before. as you can see, trading is up again on wall street and the numbers are just not good. down a record 8%. that's just today over 2,000 points as the dow continues its free fall. dow jones industrial was down 7%. they shut it down. they re-opened it moments ago and it's now down 8%. it'

debt down in 2011 the 2016 low and 2018 low. were we to touch that, that's 7% from there, it's anybody's guess. the real issue is the market which made a new high, was never confirmed by most global -- >> you talked about the russell being 4% off of that >> unbelievable plunge low, itself it was down 30% >> does that make it more attractive to you relative to the other ones or on a relative basis >> it's because it's got so many things at play >> it's waiting in financials is almost double that my hunch is, it's a preview of coming attractions for the bigger indexes >> it sounds like the coming attraction of a bad movie. the bottom line, you see more down side likely ahead >> i think that's the message i would convey it's also this let's say we never go lower. there's always down side investing. it's not tidally winks it's about the up side the up side is capped. how long it takes to recover from a 20% decline, the median takes about 2 years. >> that's a problem. >> this may be where you're getting to, but let's cut to the shape

they seem to be too low. about a caseard count density of it in mexico, which is right beside america. numberse any accurate about how serious this is in mexico? it does not look serious on the maps. our mexicans coming with or without the virus going to be housed in america as immigrants during the current period? to thei cannot speak accuracy of numbers from russia or mexico for coronavirus. i look to the cdc for accurate numbers. i cannot speak to those numbers. before thehat, even thisavirus occurred we had significant shortage of homes affordable for the lowest income people. now more than ever, we need to ever we need to fund the solutions. when we look at the solutions congress is considering related to coronavirus, housing or health or food assistance, we have to ensure that those resources are available to everybody, regardless of their immigration status, regardless of whether they have liveilities, whether they in tribal communities. we have to ensure that everybody has access to these resources, b

the s&p 500 basically a few points above the lows from monday so that has been the low for this move. it seems as if we need a little bit of a stress test at those levels. >> okay. the 10-year yield round about 8% we have breaking news on that. up for auction top of the hour rick santelli with the results rick >> we all know yesterday's 3-year wasn't very good and today 9-year 11-month note, 10-year note we are adding to that issue. 24 billion the yield came in at .849. so obviously less than 1%. the lowest auction of 10-year notes ever i grave the grade a charlie minus. c-minus. it didn't price bad. the when issued market all over the place. mike was right to point that out an hour and a half ago 10s and 30s higher in yield and settled yet and demand light 61 on indirects slightly above average. dealers take 29.8% the most since august of last year so c-minus fits. could be worse many continue to buy but just not necessarily in the auction process. kelly, back to you. >> all right thank you. let me turn to chris now chris, you say, look, most likely outcomes of coronavirus an all of

i considered myself middle-class, but now i am in a low class income rocket. host: i'm going to have diane yentel respond. your sharingeciate your story. you are not alone. certainly a lot lots of seniors across the country are struggling with their health care needs and housing costs. segmentbig part of the of the population that we focus on, especially when we look at people who are extremely low income. there are about half of the households are seniors or people with disabilities. the other half are mostly working but working low-wage jobs and the kind of jobs where it is difficult to cobble together enough hours in the week to make ends meet. the challenges are real. people are struggling to be able to afford to pay their rent every month or to pay their mortgage in the case of homeowners. they are having to resort to impossible choices between paying the rent or buying the medication they need or paying for the books their child needs for school or keeping a roof over their heads. these are impossible choices that nobody should have to make, especially i

a bits of how low can we go? obviously the fed cutting in a an emergency fashion, signaling there's more to come, the market requesting that more should come, and the fed not looking to disappoint markets, i think there's a view we could see further capitulation at some point, but people are also trying to think about what comes next is this an l shape or a u shape? there another side if there is, at what point does that become a point of entry >> so what's your view >> make it's a deep u. it may feel worse before it gets better, but at the end of the day, the fundamentals of the economy were quite sound prior to the buyers hitting in a significant way, so the question is when, and it might take some time >> do you not think the fed cuts again? >> no, i think they cut. >> you think it's already priced in >> i think that's largely priced in i think they cut in 25 basis ponce, followed by another 25. maybe the viewers have done what they need to do to stem panic i think the fed is hoping to stem the tide. >> what w

that has wobbled impeal elbow to it makes room for low low pressure the comes in in the northern california a colder and wetter pattern is going to be setting up right through the middle of next week. it begins tonight. with the return of fog and low clouds of the shoreline. cooler temperatures tomorrow. it won't be cold tomorrow. warmest readings low 70s. rain chances by saturday. after that it is unsettled. clouds and a few showers. it will be very springlike. not like a pineapple connection. it could be showers on again off again. the rain chances have increased for san jose by saturday to a 60% chance. unsettled for monday and tuesday. pollen is up. approaching high levels. if you are sensitive to that it can be a rough few days. high temperature tomorrow take a step back day in the middle 8 parts of the bay area. in the south bay. 70 degrees san jose 71 morgan hill and los gatos is 72. in the east bay the numbers will be in the near 70 degree range. more clouds tomorrow. temperatures begin to come down. the bottom out will we get to the weekend. tomorrow low clouds in the northbay and

40 so very chilly overnight lows. but tonight we are going to notice a few degrees of warming in the mid 40's for most of the east bay shoreline but still freezing for those of you in the north bay in the mid to upper 30's there and stormtracker 4 tracking pretty dry weather and future cast is going to show overall friday is going to be our driest transitional day before more wet weather arrives by saturday morning shortly before your new lunchtime hour and those scattered showers will continue all day saturday and sunday as well where we are going to notice some light rain about half an inch of rain or less highest amounts for those of you in the north and about a 3rd of an inch of rain for everyone else in the bay area and tomorrow's daytime highs little change still going to be in the upper 50's to low 60 so 5 degrees below average but the tradeoff and a reward won't arrive until next week monday near average highs warming up and drying out in the upper 60's and then low to mid 70's, starting tuesday through thursd

lows are up because of the cloud cover. there's the main low down in southern california. it's heading into arizona and the desert. for us, it will give us mostly cloudy skies. highs below average in the 50s. sal, i have to be honest with you on highway 24 and 680 yesterday. it was at the limit. >> the whole time. >> when i went home it was at the limit going towards the caldecott. >> i didn't find any traffic either. yesterday 2:38 and there was no slow traffic in the middle of the day. let's go out and see what we have now starting off with the commute. there's a little slowing at the altamonte pass, that's it. no problems here. it is going to be a nice drive through the east bay everywhere you look. chp is not taking a holiday, they're out there. you can see traffic at the toll plaza is light. >>> there are signs the coronavirus in ca better. as 1 billion $1 billion to help hospitals handle an on slot of patients. he warns california may need to get up to 20,000 more hospital beds. the governor says he did not want to raise further concerns so he didn't answer questions

>>and save money we can borrow at record low interest rates. and soow we would do it and minimize the negative impact upon our debt alama's mike rogers also wants to see more money for protective gear like mass gowns and hand sanitizer for immigration officers intercepting migrants at the border, they're putting themselves in harm's way with this deadly contagio lawmakers aren't heduled to come back to washington until after easter in the meantime courage, the president to use the defense production act for everyo tennessee's steve cohen urges president trump to take full advantage of the laws already on the books to help states combat the coronavirus pandemic now in washington, i'm just eaten or. >>and i talk to bay area congresswoman jackie spear today to get her take on what the next stimulus bill could look like. >>it's a very comprehensive sba a package and many people that historically not be interested and the sba loan program may find that this is just what the doctor ordered so to speak and for unemployment insurance is very important

look at new lows versus new highs. last friday, i think it was last friday, we hit almost 1,000 new lows, so this is on balance a bit less intense, though very, very lopsided. we're still obviously in sell mode the vix, i keep talking about it, definitely have massive, massive, urgent hedging demand for the indexes. that will not show you the intraday charges, but basically up to 54, middle of the day. it's very high when you get up towards 50, normally, even when markets calm down, they need sideways time to chop around and get a new base built. >> we've talked about all these factors, where bonds are and where credit are, and we said at the top it was important to see whether we traded higher on the week, it looks like for the s&p -- >> i think without a doubt, an enormous amount of selling happened this week it's not as if we needed automatically to go down more to account for what we're going to find out on monday also look, look at the reversal in bond yields was day the final people in climb max. it seems like no

rosa, but we're all going to be in the low to mid 40's for interior valleys for overnight lows as youe your way inland with widespread upper 40's around the bay area shoreline like downtown san francisco oakland and hayward as well and tomorrow's daytime highs a few degrees warmer than today, but still up average for this time of year low 60's for downtown san francisco in half moon bay. breezy winds from time to time around 15 miles per hour or less with brisbane and burlingame flirting with 60's but 59 degrees, san carlos in san mateo you're going to get that 60 degree mark and even warmer temperatures for those of you in mountain view in the mid 60's at 64 degrees with widespread mid 60's for the south bay, san jose, the warmest city in the bay area tomorrow warming up to 66 degrees livermore not that far behind 63 degrees as is hayward low 60's for danville 58 degrees as this and ramona now as we make our way northward into the north bay. cooler temperatures there on a count of some light showers very hit or miss in nature throughout most of your monday napa could see traces amoun

to mid and upper 50's for most of the bay area and overnight lows not going to be as chilly as lastht we are going to warm up a few degrees of seeing a lot more 40's as opposed to last night's 30's but near freezing temperatures mainly for those of you in the north and daytime highs, not going to budge all that much in fact we're going to remain a few degrees below average downtown san francisco just warming up into the upper 50's at 57 degrees as is half moon bay starting off the morning with mostly sunny skies, turning into partly cloudy skies by the afternoon. 53 degrees from brisbane all the way into burlingame and sam, the tail and foster city in the mid 50's for you and that cool sea breeze influence will continue with wind speeds around 20 miles per hour or less san jose in the south bay warming up into the low 60's livermore 58 degrees. throughout he would in the east bay shoreline 60 degrees and near for those of you in richmond and oakland warming up to 59 degrees for your friday afternoon highs but delay how and napa warming up into the low 60's tomorrow with mid 60's for

here in the bay area, prices are low, but they're not that low. buddy says the lowest price in the bay area was at go gas food in oakland and the price there is $2.59 per gallon. >> i'll be keeping an eye. my gas station dropped 6 cents since last week. >> don't snd that all in one place, mike. >> i'm thinking 16 gallons, that's 96 cents. >> all right. >> still painful. >> there's nothing for 96 cents. >> it still counts. >> yeah, sure. >>> let's take a look at what's going on. and here we go with san jose. we're looking at 87 north towards san jose international and an area down in the south bay that is most susceptible to an isolated shower today. chilly morning when you step outside tomorrow. unsettled, you'll need the umbrella sunday, monday, tuesday and wednesday and eventually a heavier coat also as temperatures taper back into the 50s. 59 at half moon bay and 61 in santa cruz and san francisco and 62 to 65 degrees for the rest of our neighborhoods. tonight, a little more fog up in the north bay and also see into the east bay and central val

that's why it stays low., it creates a benign backdrop for countries in the future in other words stays low because of inflation, the recovery will be low in the future at the same time, the collapse in oil prices is to be watched, not only the inflation implication but also credit markets. i think that's what we're going to pay attention to today, the credit markets how they react. >> we're just about out of time, patrick. i want to give you the final word here, looking at the treasury market that seems to stoke a lot of fear in investors, what's your advice there? >> the treasury market is signaling there is recession risk but it's been signaling that for the past year, over a year, once it partially inverted back in -- over a year ago so, you know, the prospect of a recession is real. the prospect of an economic shock is real. but that's not going to be the end of the world, and investors need to look through the immediate crisis. >> gentlemen, thank you for joining us it's a huge day here on cnbc thank yo

>>some localities like new york city are running so low on masks and gowns they want to limit testing to those so hard hit they are hospitalized every test we get takes a valuable personal protective equipment that can be used for treating those that are in the hospital the department of health and human services is prioritizing for coronavirus test patients already hospitalized, health workers with symptoms. elderly people over 65 with symptoms and those with compromised immune systems and underlying conditions with symptoms if you do take the test be ready for some discomfort at the arlington facility they insert a swab at the back of the throat. but it varies the test was very quick. >>it goes a fair amount of produce and says it's not comfortable. the nursing officer we spoke to at the arlington site addressed other crucial reasons why drive-thru and other remote test sites have been set up we are. >>trying to prevent unnecessary trips. term urgency department for individuals who are seeking this this testing. so we're giving them the means to do that. secondly it saves a lot of p

>>are also low on testing swabs. >>hospitals across san francisco are using every resource possible to help fight the covid pandemic but they're still struggling to meet the demands of all the patients we are struggling to get swabs in order to test. >>so along the supply chain for testing. there are severe limitations because of this in most cases here in the city testing has been limited to those showing symptoms or have had high-risk exposures are still struggling along that supply chain to to ramp up tests seen on as quickly as possible, so any scene from the specimen collection that you need for swabs from the processing reagents that ar needed our supply chas are are um. >>episodic hard to determine spend because of this the numbers could be misleading we still do not have an accurate province number so in other words we do not overall 1000 people in san francisco. i'm what the rate is a virus infection is and we are working again with our u c berkeley and ucsf to to determine that number from a number of us st

this morning you actually broke a record of overnight lows cooling down to 28 degrees. so it is going to be just as chilly for most of the north bay wise for low to mid 30 there including napa and abbado upper 30's for the rest of the interior valleys of the bay area and low 40's for the east bay shoreline but overall tracking drier weather thursday could see some public thunderstorm though in our local hills and mountains but that drying trend is going to continue on friday our transitional day we see the return of scattered showers for your saturday and sunday and rain totals once again not looking too impressive could see about half an inch of rain or less meaning for those of you along the bay area of coastline and about a quarter of an inch of rain or last for everyone else in tomorrow's daytime highs, warming up a degree or 2 from today. so seeing a lot more low 60's and our interior valleys but still in the upper 50's as you make your way throughout the bay area's shoreline so we're going to remain about 2 to 5 degrees below average but then warming up into the m

you have a call for low interest rates. how low is lower for longer? good few years.ate can -- japanification route lasted 30 years so if we have 10 years of the lower for longer backdrop, we are in the earlier stages. i suspect we have one more decade at least in terms of timeframe. tom: we are going to rip up the script, that is such an outrageous statement. explain to me what one more decade of financial repression does. decade wee last called the decade of denial because the beginning of every year, someone would tell us rate --red going up, the economy tell us rates were going up, the economy and the central banks have been complicit. there is too much debt. we have huge wealth inequality. we cannot afford higher rates and frankly, a lot of the pie in the sky that i hear or read about is to do with his magic potion coming from somewhere like fiscal policy -- is this magic potion coming from somewhere like fiscal policy. the issue that you can just push a button. what is reflected in the market is we have over consumed and many investment opportunities unlessen us

these low interest loa ns territories.t loans will help small businesses overcome temporary economic disruptions caused by the virus. to this end, i'm asking congress to increase funding for this programme by an additional $50 billion. using emergency authority, i will be instructing the treasury department to defer tax payments without interest oi’ tax payments without interest or penalties for certain individuals and businesses negatively impacted. this action will provide more than $200 billion of additional liquidity to the economy. finally, i am calling on congress to provide americans with immediate payroll tax relief. hopefully they will consider this very strongly. we are ata consider this very strongly. we are at a critical time in the fight against the virus. we made a life—saving move with early action on china. now we must take the same action with europe. we will not delay. i will never hesitate to take any necessary steps to protect the lives, health and safety of the american people. i will always put the we

if you believ that the market is coming back as i do you're buying low. you're going to get more shares and then you see the benefit it out in the 3rd 43th quarter of the year interest rates do you expect em to be talking about down to 0 what what does th mean for people with credit card balances eople might be trying to buy a refinance the house we just had a 50 basis discount from the federal reserve. 2 banks that lend to businesses next week thprobably another 50 point basis discount. lus maybe one in october. that means that the federal rerve doesn't have a lot of dry powder yet so they're making money incrediblyxpensive that's to keep the mortgagis down low. we're really benefits people is on the short termrates like credit card rates ich should have any credit card bt anyway. but those rates are gh they'lcome down a little bit. but if you want get a cd or some basis points in your passbook account y're not going to get free muchas fixingmes incredibly low right now chrge or want to close with the i know that you are wearing a gold tie does that mean

we're going to reach into the low 60s by this afternoon compared to system low 60s that we had yesterday out what's going on, we had the storm system that still remains very close by. as we are farther to the north some clouds approach, this is ahead of a cold front. today we'll have lingering showers in the south bay and east bay and then the cold front will come through later on today and keep it cooler, as i take off the banner you can see the line of clouds. checking out what's headed our way for the rest of the week some spotty showers today and the middle of the week. it will not be a strong storm system but a some rain moving through. we will be drying out as some rain stays mostly to the north of the bay area. our rainfall totals remain light. we're looking at about a quarter to a half inch of rain, maybe higher in a few spots. our seven-day forecast shows we'll see temperatures reaching the low 60s today, upper 50s tomorrow, once that cold front moves through and more widespread rain and going into wednesday moving out by thursday and we are sunny and mild for the weekend once a

it is low but not low enough. there is no way the dollar yen will be trading above 100.s the-- vonnie: what correct level for dollar-yen or the level you imagine will stabilize us? elsa: i think something closer to 90. it sounds extreme at the moment, but if we are going to see u.s. yields moving toward the zero lower bound, than there is a huge wave of hedging to come out of the japanese investor base. a lot of dollar-yen selling. recall,e all, -- if you people try to sell dollar-yen, but that was not the time for it. let time is now. down, the costs come seller are -- vonnie: how correlated is that other trade in the markets. i can ask that question to both of you. is that it idiosyncratic trait or is that related to everything else? oil going lower, other currencies? mark: it is clearly the haven issue. as elsa says, 90 may seem extreme. but there is a lot of deleveraging to go and a lot of repatriation funds that needs to happen in japan. one of the things that complicates that is your end in japan. overall, that trade is current what we are seeing in treasuries. and

lows are up because of the cloud cover. there's the main low down in

as we said, the risk remains low. while we have had a tragic losses, four today, the reality is, 29 of the 43 domestic cases are in california and washington state and are centered in very specific areas we are working to identify the source on. i think people should continue to use common sense this time of year. with regard to international travel, let me appeal to the expert. -- >> i wantnce: to echo what the vice president said. we want people to go about and live their normal lives in this nation. the secretary is right. even before the coronavirus, if you asked the cdc what you should do about preparedness, we would say every individual should think ahead and prepare. whether it is a hurricane. those recommendations have not changed. i want people to reflect that. there are no travel restrictions in the united states. the cdc and state department task force have worked hard to recognize those areas where there is significant community transmission where we give you advice we would recommend you not travel. you k

this is well off the lows of the session.e triggered our circuit breaker immediately after opening this morning with a loss of 8% on the s&p 500. that then went to 11.5% before we recovered. this is not the only day we have seen that kind of crazy volatile session. we triggered the circuit breaker in three of the past six sessions. also getting one on monday and thursday of last week. it underscores the heightened volatility we are seeing right now. something interesting i want to we have seen stocks selloff five times faster than they did during the financial crisis. earnings revisions are not keeping pace. if you take a look at the terminal at gtp go -- at gtv , into thousand eight stocks fell followed by a 40% decline in earnings estimates. that would mean earnings revisions would've had to be revised lower by 14%. instead what we are seeing in blue is they've only gone down 1.5%. that could signal analysts are still too optimistic about this equity market. as for individual equities in which you are seeing optimism, t

but as we said, the risk remains low. and while we've had a tragic loss, four today, the reality is that 29 of the 43 domestic cases are in california and in washington state. they are centered in very specific areas that we're working to identify the source on. but i don't -- i think people should just continue to use common sense this time of year. but with regard to international travel, let me yield to the expert. >> well, i just want to echo what the vice president said. that we want people to go about and live their normal lives in this nation right now. the secretary's right. even before the coronavirus, if you had asked cdc what you should do about preparedness, we would give that every individual should think ahead and prepare. whether it's a hurricane. those recommendations haven't changed. and i really want people to reflect that. in going to -- there's no travel restrictions in the united states. the cdc and the state department, the task force have worked hard to recognize those areas where there's significan

at the low down 2,000. remember the dow was 500 away from hitting 30,000 earlier this year a 6% drop for the s&p. nasdaq off 5.4% today and the state department is now discouraging some people including older, vulnerable americans from taking cruises. the cruise stocks are down sharply again today. let's get to seema mody for the latest. >> kelly, in an industry already challenged by the coronavirus fallout, this warning from the state department being heard loud and clear analysts saying earnings estimates for the cruise lines to drop by half as travelers think twice about getting on a cruise and the added cost of quarantines and transporting customers. steep fall of cruise stocks raised concerns of how levered the cruise lines are looking at the debt to equity region, norwegian 135% the company today saying it secured a resolving credit facility of $675 million for additional liquidity and not helping is the carnival "grand princess" stuck off the coast of california for a couple of days and expected to d

an inside day is where the high and low today are inside of the high and low of the previous day. it means indecision. it doesn't mean, okay, everyone feels like they're out of the woods. go chart by chart through the xlk and s&p 500 tech sector, you're going to see a lot of inside days. people are saying rates are even lower, i want more utilities and those are the stocks that are doing the best today outside of the collective gasp of relief you're seeing in health care. >> josh with us for the first full hour. we are up about 3% let's focus on the big stories we're watching, mike santoli has the dashboard and we have more on the cash stocks on the heels of super tuesday and meg has the latest on the coronavirus and sarah has fresh comments from the imf on the broad global economy. mike, first to you. >> thank you very much we are going to start in the trenches, get a look at some of those kind of lines on the chart that are being thawed out with this recovery from the correction low and then the price of peace, specifically peace of mind, how much would you pay for that? it's go

we feel the risk is low. >> reporter: despite aassurances of the risk being low they have shut down the school until monday hiring an outside firm to clean the campus. the school is located in atherton. tuition for this school year is $49,000. at the gate a security guard was seen turning people away. >> really sad. normally it's lively. >> reporter: neighbors say it's unusual to seat campus and surrounding streets empty. >> i didn't know it would get so close to us. i guess that's the case with coronavirus. >> reporter: as for maya, she's concerned she may fall behind in her classes but she believes the school made the right decision. >> the virus is contagious. it's important to be cautious about it. >> reporter: reporting for ktvu fox 2 news. >>> some schools are making plans. one option to be online classes. one school is looking into that option. >> reporter: the sackland school in meraga is starting to make contingency plans. what if the coronavirus forces this room in shut down for two weeks or so. >> you think about what is the worst case scenario. >> reporter: one option they d

, an antioch only cooling down into the low 50's so enjoy tonight's warmer overnight lows because tomorrow's daytime highs not really going to warm up all that much we're going to be about 5 to 10 degrees cooler tomorrow compared to today because of that storm leaving behind a cold air mass 10 degree drop for downtown san francisco, only warming up to 57 degrees tomorrow and as this storm exits another one will arrive as early as monday night and this one could actually bring us some snow drought, the highest peaks in the north bay mountains details on this storm and how much rain we're expected to get in a few minutes to see him back to you. >>thank you so much much more ahead here on kron 4 news at 10 coming up at 1030 how local restaurants are coming together to support health care professionals. we're on the front lines of this pandemic. plus all house state universities have postponed their spring commencement ceremonies. what this means for students at san jose state. and the state of new york has become one of the biggest at the centers for the coronavirus in the worl the bestt the fu

low 60s from san francisco over to oakland. so the next 24 hours in terms of how much rain we get, just enough to maybe have you rethink getting your car washed because it's just enough there to wet the ground in a few spots. anywhere from just about enough to wet the ground to .06 of an inch of rain. at times perhaps more so towards the evening. we see a few more showers in the santa cruz mountains approaching parts of the south bay. but then from there, i think we'll see slightly better chances for rain late tuesday into wednesday. the system finally moves inland across southern california. this will be the time that southern california certainly gets a lot of rain as you see there. but as we zoom back to the bay area, notice the progression as we get into late tuesday and wednesday. maybe a quarter inch of rain for places near san jose south and up to a third to half inch of rain in the santa cruz mountains. after that thursday and friday looks dry. then as we head towards next weekend, better news if you're in the north bay

low to mid-50s under a partly sunny sky. we'll take a look at better chances of wet weather and thunderstorms coming up in the accuweather seven-day forecast. >>> i'm abc news jennifer ashton. it's normal to feel anxious. remember what protective steps you could take and what your you could take and what your community is d ♪ more than ever, your home is your sanctuary. that's why lincoln offers complimentary pickup and delivery servicing. we'll pick up your vehicle and leave you with a lincoln loaner and the peace of mind that helps you focus on what matters most. that's the power of sanctuary. and for a little extra help, you can now purchase a new lincoln remotely, and defer payment for up to 120 days. >>> you're never more than seven minutes away from your accuweather forecast. >>> let's take a look. we have some snow in the mountains around l.a. and san diego and we have some also in the spine of the sierras as we try to get that miracle march to lift that snow average up. in fact, more snow in yosemite and slight chanc

after so many lows, portsmouth are very much a club on the up.e dreaming of a premier league scalp at fratton park tonight. there's full commentary on 5 live from 7 o'clock tonight. let's bring you some of today's other sports news headlines, and daniel sturridge has been banned from all football related activity until june after breaching betting rules. he's also been fined £150,000, and had his contract with the turkish side trabzonspor terminated by mutual consent. it's after the fa appealed against a more lenient suspension that was handed to the former liverpool striker last summer. sturridge says the ban is disappointing and upsetting. everton manager carlos ancelotti has been charged with misconduct by the fa after being sent off following the draw with manchester united. it's understood he'll receive a fine if he accepts the charge and avoid a touchline ban. he has until thursday to respond. david beckham's new team inter miami didn't have the best start for their debut in mls, losing 1—0 to lafc. carlos vela produced a piece of individua

and decreased infant-mortality rates to historic lows.esident, he'll build on obamacare, cap medical costs, and will always protect a woman's right to choose. mike bloomberg: a record on health care nobody can argue about. mike: i'm mike bloomberg and i approve this message. >>> all right. dow fell nearly 800 points but not everything was down. the home builders saw big action on today's fed rate cut. and of course the bond market move lennar, pulte group, dr horton rose not a lot but up 1 or 2% on a day everything was down. lets get to diana olick in d.c. with more. >> i want to preface that mortgage rates do not follow the fed funds rate they follow the the average year on the 30-year fixed hit a record low moved higher this morning but back down tomorrow mortgage rates don't move as quickly as stock prices or bond yields giving the builders a boost. the etf closing up.16% on the day up 5% week to date on pace for the best week since june 7th and on correction territory. led by lennar pulte on dr horton lennar up 2.5% investors think ro

all the major oil companies, new lows these are rather startling numbers. banks new ulloases lows. low yields we've got loan growth possibly being slower higher loan defaults potentially down the road. all these new 52-week lows finally, cyprus semiand and lot the other semiconductors micron, logic, nvidia, all down. looking for om bottom here, but still very, very tentative back to you. >> thank you very much the ten hf year yield falling low r and lower and lower, briefly below .7% early this morning. i can't even read that .7% rick santelli tracks the action at the cme hi, rick >> hi, tyler let's start at the two year part of the curve even at 51 if they close here, that would be the lowest yield close in basically five years and there was a point where they're at 51, they were at 38, they would have taken it back to october of '14. 24 hour of tens. 66 was the low and when it was there, it was down just shy of 50 basis points on the week. as it sits now, we're down 16. hovering at 75 let's look at the one week chart. still down 39 even though it's not 49 and finally, tens minus

equities, we dropped through the christmas 2018 low. in the cash trade, around a three year low.quity markets too negatively price right now? holger: as an economist, taking of view beyond the next six months, they are priced too negatively, yes, but as an observer of u.s. politics for the next few hours or days, i can very much understand what is going on in the equity markets. needs it is, we may depression that comes from these events in -- we may need that pressure that comes from looming data such as u.s. jobless lames, likely to be very bad. we may still need this pressure to get u.s. policy, get its act together. in europe, we seem to be much further down the road this way. over here, we are fully in whatever it takes mode. in the u.s., partisan politics still seems to play too much of a role, so i am afraid, to some extent, we may need this pressure. on the best negative side, there is likely to be this feedback loop. the more people realize across the u.s. that italy is something which could happen in the u.s. as well, that italy is not this remote country, that it is so

it is expecting very low earnings.hink the banks by themselves have unique circumstance they will be hurt by very low rates but helped by basically going to write guaranteed loans for everybody for quite some time. the market priced all of this in. if we get a resolution over the short run that the market will pay a lot of attention to the numbers out right now. cheryl: also, sarge, you're normally on the floor of the new york stock exchange and you're always looking at volume which we are too, volume was a little bit lighter on friday. i can't help but wonder that is a good thing? not seeing extreme volatility or extreme volatility to the downside or the upside? >> it was lighter on thursday and lighter on friday t has been winding down. that was weekly expiration on friday. we probably should have had a little more volume. i think it means there is lack of conviction at this point. people are out of stocks. maybe not ready to get back in. a lot of traders are trying to decide if it was the bottom a few days ago. i do

50s that this hour. 34 degrees in santa rosa . 45 in livermore and low 50s in san francisco . this is high definition doppler, you can see a few showers across the diablo range and the south bay . right over morgan hill along 101 you can see light showers there. but widening this out and showers across the four n. bay earlier moetty much overnight . we are still tracking a few showers offshore . as we go through the day, all because of this low pressure system spinning off the coast, generating showers for the best chance to see that wet weather will be in the south bay . as we take you hour by hour as we head through the afternoon, thunderstorms possible . especially for the south bay tomorrow. looking at that unsettled weather for wednesday as well with that low pressure system hanging around . as we go through the next few days, you can see the best chance will be the south bay looking at just 407 inch but not expecting a lot with the low so close to us we do have shower chances . as you go through the day today, it will be a mild day, 67 for the south bay, east bay, 67 are

george lowe. carl: thank you again. pleasure to have you coming here. i believe your home port would be chicago. dr. lowe: that's right. carl: can you explain a little more about this possible flu epidemic? dr. lowe: in planning for a possible epidemic, the medical profession has three responsibilities. keeping the doctors informed on the progress of the disease, spearheading the mobilization of all medical personnel who will be concerned with caring for the sick, and informing the public on what to do once the virus has struck. the doctors are being informed about asian influenza through our weekly journal and through many scientific periodicals published by the various state s and county medical societies. they are being encouraged to cooperate with the public health service in detecting the presence of the virus and spread from community to community. they are being informed of the technical aspects of the disease and with instructions regarding the administration of the vaccine. the american medical association has asked every local medical society

as we said the risk remains low. and while we've had a tragic loss but, the reality is as i said 29 of the 43 domestic cases are in california, and in washington states and are centered and very specific centers that we are working to identify the source on. we but i don't, i think people should just continue to use common sense this time of year. with regard to international travel a lot you talk to the expert. >> i just want to echo with the vice president said we want people to go and live their normal lives. the secretary is right even before the coronavirus if you'd asked cdc what you should do about preparedness we would give that every individual should think ahead whether it's a hurricane, and those recommendations haven't changed. i want people to reflect that. i'm going to, there are no travel restrictions in the united states. the cdc and the state department have worked hard to recognize those areas where there are significant community transmission. we give you advice that you recommend to not travel the

come thursday evening, the low pulls away.anised band of showers coming in from the west. with light winds ahead of it, though, temperatures likely to fall. a fairly extensive frost. where there are showers, ice could be a significant risk across western britain first thing on friday. this front, though, is kind of a patchy affair for the rain through friday daytime, more showery than coming in in a solid and persistent block, and it may manifest as some thickening cloud for a time as it drifts in from the west on friday. most likely to see some showers, scotland, northern ireland, western wales and the far south—west of england. far south, showers around. the weekend, another big area of low pressure heading our way, shouldn't be anywhere near as severe as the feature we saw last weekend, and the worst of the rainfall should sweep through overnight saturday into sunday. so for saturday, well, yes, a lot of cloud around, a lot of dry weather, rain through the afternoon in northern ireland and scotland. temperatures on saturday

yield, low yield. nobody's getting on the phone saying, don't worry, this is only 8 keel lowtons. we'd appreciate it if you'd respond to us. you know, maybe this isn't a chess game. that's the illusion. >> [inaudible] are gnaw donations -- nato nations close enough to rush for -- to russia for tactical weapons to reach russian territory? >> well, nobody has -- we don't -- britain and france have their own independent nuclear arsenals with a range that can hit moscow. except for these 150 bomber weapons, we don't, we don't really is have tactical nuclear weapons anymore. i mean, really we got rid of all of them. and all the ones that were in south korea too and on ships. i mean, it's, yeah, this would be, this would be bigtime stuff, what they call strategic which means hitting the homelands. i mean, i guess they could -- that's the other thing about in the low-yield weapon. i've asked people in the pentagon who have worked on this, where would these things be aimed? some people will tell me, oh, target

sitting off the lows of the day. same with yuntd technology there's only one dow stock in the green today. at least most the day, walmart still remaining in the grocery stores in general, consumer names have faired much better. >>> oil market collapsing as tensions between saudi arabia and russia boil over leading to massive declines for crude prices and energy stocks brian sullivan swroining us here with more. >> brutal day across the board the price of oil down 10 bucks, about 23%. if you go back in time to reverse inflation to 1991, oil is now trade iing about $17 a barrel in $1991. that's how far that we have fallen that move by the way slamming an already slammed oil complex. you have names like apache and others down 40 and 50% today it is hitting all kinds of portfolios pretty much selling across the r board and natural gas up a little bit. i'm thinking the reason that is is because the justice department is that if we start to slow production either/or beganically, companies decide they're not going to produc

then our next low pressure system, this is a cold low.s rain chances late saturday into sunday. we will be watching those snow levels drop and much cooler temperatures for the weekend and into early next week. >>> a big drop with the temperatures. through the day today, 71 in santa clara and san jose. mild to warm temperatures. the fry valley livermore 70 degrees. around the bay, mid-60s. richmond, berkeley mid 60s. topping out at 70 in santa rosa with plenty of sunshine and 72 for cloverdale. >>> plenty of sunshine thursday arnold schwarzenegger friday. temperatures on the mild to warm side. we're looking at rain chance as gen late stat into sunday. a big drop with those temperatures as well as into early next week. >>> mary, thank you. 6:49. the verdict is in, but the trial is far from over. what is next for the man convicted in mia wilson's murder? coming up on kpix 5. >>> the grand princess cruise ship docked over coronavirus fears. coming up, the plan for the rest of the day and the hope about getting the rest of the passengers off b

we will talk about oil at a 17-year low.his is bloomberg. ♪ manus: this is "bloomberg daybreak: europe." i'm manus cranny in dubai. nejra cehic is in london. the implosion in the oil market, 17 year low this morning and physical oil is trading at $10 in parts of the world. the world is so awash with oil that it is actually a struggle to store it properly. the world normally uses 100 million barrels per day but forecast say as much of a quarter has disappeared in a few weeks. toand destruction is how describe what, is going on in up, wekets and coming will get back to the markets. oil at a 17 year low, u.s. futures on the front foot after the best week on the dow since 1938. this is bloomberg. ♪ manus: good morning from dubai. i'm manus cranny. nejra cehic is in london. these are your top stories. a down day for asian stocks and the coronavirus. the pb sickdespite -- pboc easing and oil plummets to a 17 year low. top 720,000. medical leaders say u.s. deaths could reach 200,000. president trump says social distancing will hold

on a new low today facebook among the 2,000 new lows here on the nasdaq. wiping out about 13 months of gains. but take a look at mike rcro chp the chip sector hit a high one month ago. look tat slide in motorcycle row chip from that day now deep into bear market territory. wiping out 18 months of gains and even the work from home trade isn't working today. zoom had been a bit higher earlier in the day has given up those gains and g logitech hits an 18 mnt low even as people make a run on web c s cams >> thank you so much for that. we have got 90 seconds left of trade. session lows down 2,300 points on the dow 9.7% s&p is down more than 9% there's an intraday chart for you of the s&p 500 a 6% intraday bounce we have to continue to slide since that bounce as we said we are at the session lows as we approach the close couple of other points to bring you, the worst performing sector, energy and banks energy down double digit banks close to that level. the best performing sector is health care. it's still down 7% itself yields of course have held up relatively

and low-income families. families can also pick up student meals at designated schools. >>> some people who want to be tested for coronavirus aren't gonna get one right now. the white house says that won't be the case for long. >> reporter: people stack up on supplies and preparations for the coronavirus. there are nationwide reports of one item in the medical community where supply is still low. test kits. in some cases, even people exhibiting symptoms like fever and cough are being told they can't get a test. that's what happened to nicole who went to get tested in palo alto, concern forward her husband and elderly in-laws. >> i was told they am not -- i don't fit into the risk category. i'm not elder early and i don't have any of the health conditions that are required to have them. and they said they can't do that. even if they do the test, the health department would not process my test. >> reporter: counties are using cdc guidelines for testing with discretion. in contra costa county, in order to be tes