marriott ceo arne sorenson >> arne, a pleasure to have you on the show today. thank you for joining us during what is an incredibly difficult time fort the u.s. hotel industry i want to start this conversation with you addressing your employees in the past week you announced a number of staff reductions, furloughs of tens of thousands of employees, what steps are you taking to help these employees make ends meet and find other opportunity as unemployment is certainly set to rise here >> yeah. this has been obviously an extraordinary decline in our business the last couple months, i suppose, if you look at where it started in china, but the way it's moved around the rest of the world and shown up here in the last few weeks breathtaking in its decline. you know, i sat around the table after 9/11 in 2001 of course i was at the company in 2008 and 2009 when we went through the great recession. both times thinking this was the worst we had ever seen and what we're seeing today is dramatically worse than what we saw in those two prior crises the last two most recent

>>> the marriott hotel chain plans to furlough employees.reet journal reports it will affect roughly 2/3 of marriott's 4000 employees at their maryland headquarters and thousands of others all around the world. they will receive 20% of their salary during the furlough, which is expected to last at least 90 days. there are 40 marriott hotels here in the bay area. >>> that would will for us. tried to stay safe out there. the sports rap is coming up next. >> be sure to join us tomorrow and anytime online. we will see you tomorrow. which of your devices are protected by daily security updates? daily security updates... daily? i don't know. the only thing... i'm struggling with this. some providers you have to manually download updates to each device. comcast business securityedge updates every 10 minutes to help keep your connected devices protected against new ransomware, malware and phishing threats. every 10 minutes feels pretty good. get secure, reliable internet and voice for an amazing price. call today. comcast business. beyond fast. >>>

. >>> the marriott hotel chain plans to furlough thousands of its corporate employees. wall street journal reports the furlough will affect roughly two-thirds of marriott's 4,000 employees at its maryland headquarters and thousands of others around the world. they will all receive 20% of their salary during the furlough which is expected to last at least 90 days. there are 40 marriott hotels here in the bay area. >>> sections of point reyes are closed today to stop people from violating the statewide stay at home order. the marin county sheriff's department went on social media today to call attention to all the people where coming to the coast but failing to practice social distancing. gates are closing at main roads including drakes beach and mount vision road. access will be limited in other areas of the national seashore as well. ktvu's sara zendehnam tells us about the increased warning of social distancing from state leaders and health officials. >> reporter: wrapping up the first full weekend with california's stay at home order in place, sunday morning at golden

then we focus on marriott. the ceo said business in china fell 90% he said worldwide they are losing business every day. this comes after marriott expects tens of thousands of employees to be furloughed that is due to the drop in occupancy that not only marriott is experiencing but a number of other hotel operators. the owner of best western said he is asking for financial help with loans it's clear they are taking their concerns to the white house and really trying to figure out what type of financial help they can get from the government especially for those 8.3 million hotel workers across the u.s >> thank you very much meantime, president trump also calling on americans to avoid unnecessary travel and gathering in public spaces our next guest was the first to close bars and restaurants he's got quite a few of them let's welcome the mayor of hobeken, new jersey. what made you move so fast and decisively >> we were trying very actively to implement this policy of social distancing. the problem we were observi

in the u.s., marriott has about 130,000 employees.zon is giving priority to shipping household and medical supplies. the retailer has been struggling to do with him and during the coronavirus pandemic. amazon also will not accept shipments from third-party sellers in other product categories through at least april 5. basketball association games are on hold because of the coronavirus, but teams are still getting payments from their broadcast partners. one of those broadcasters, espn, will not say whether it is making the payments. the network says it is confident that issues can be discussed constructively. that is your business flash update. quick reminder, whether you are in the office or working from home, you can watch bloomberg television live using the function tv . catch up on all the interviews and conversations, join the conversation as well through the ib link on the page. this is bloomberg. ♪ mark: i am mark crumpton with "first word" news. a grim outlook from the u.k. government the chief scientific adviser says 20,000

those are the people that marriott calls back first. i'm concerned what hourly wages these workers come back with. we have seen a lot of companies across the board cut hourly wages across the board for those that are still working. as they come back, they might have a check coming in, but is it at a lower pay rate? these companies are concerned if sales will pick up in the later half of the year. at some point these people will come back to work, but the question is how much money are they going to be making? host: let's go back to our phone lines and talk to eric, who is calling from california. good morning. caller: good morning, america. thanks for giving this opportunity to speak. when you see the president trying to fulfill bible prophecy by even hand sanitizer. those companies playing into panic buying. another name we just talked about a couple of days ago, they make spam. up record-setting pace is. they are buying a lot of canned goods. >> let's go back to our phone lines. good morning. caller: good morning. brian, i am proud of

the ceos of marriott, hilton, hyatt, and other chains met with mr. trump yesterday.y discussed what they say is an unprecedented falloff in demand. hilton's ceo told the president hilton has had to close some hotels for the first time in a century. marriott, the world's biggest hotel chain, announced the furlough of tens of thousands of employees. >>> on the cbs "money watch" now, you may have more time to pay your taxes this year. and united is cutting flights. diane king hall is at the new york stock exchange with that and more. good morning, diane. >> reporter: good morning, anne-marie. well, let's start with markets first. asian markets finished lower this morning, and wall street futures are indicating a lower open here. but stocks rebounded yesterday after enduring their worst day in more than 30 years. wall street shared white house plans to pump some $1 trillion into the company, the plans could, to soften the blow of the coronavirus. the dow ultimately rallied 1,048 points. the nasdaq jumped 430. the s&p 500 was up 143. >>> grocers are limiting purchases on

marriott hilton. we have more on the hotel industry >> let's start with marriott they said occupancy levels have fallen to below 25% from about 70% a year ago it's roll out a number of changes. it's suspended dividends and halting sharer buyback cutting salaries for executive team members by 50%. i spoke with the chairman who owned 130 hotels he is looking to convert three properties he's drafting a proposal that he will be sending to each city that those hotels are located in >> stay with us. we want to discuss this further with david he's the ceo and president of best western hotels and resorts. it's one of the hotel leaders who met with the president on tuesday. it's great that you can join under the circumstances. first of all, how bad are things for your operations right now? >> it's very bad if you consider the last worst decline that we had in the industry was in 2009 and we declined in revenue by 16% last week it was worse than 40%. it happened so abruptly. >> now, of course, every one is tryi

eastern we'll bring in our next guest who owns several hotels, including the ritz and marriott, monty bennett joins us now on the cnbc news line thanks for being with us, monty. >> thanks for having me. >> we're hearing about plunging hotel occupancy rates. you have travel grinding to a halt, people hunkering down due to the coronavirus and concerns there. how is that playing out for your different properties in different parts of the country right now? >> we have about 130 properties across the country of all different segment types from mid scale-type properties like hampton ins up to ritz karlton and high end properties. i think what people are just starting to understand is not only is this affecting the hotel industry but it is far, far worse than the financial crisis or 9/11, and i never thought i'd say something like that, that a crisis would come close to those two. >> why why is that the case >> in those other situations, occupancies took a hit in the hotel business, if your revenues are up 10% you do well. if your revenues are down 10%, you can really get creamed and in thos

marriott has already started to furlough tens of thousands of workers and close some hotels.hington's reagan national airport was a ghost town today. so was new york's laguardia. >> this is worse than 9/11. for the airline industry, this is-- they-- they are almost ground to a halt. >> reporter: senate majority leader mitch mcconnell says he is keeping senators in town until they can get this bill done. the concern is, norah, that if he lets everyone go home, it will be difficult to get them back here to vote, given all the new restrictions on movement and travel. >> o'donnell: a real sense of urgency, nancy, thank you. and as america shuts down, another sign of the economic impact: one of the nation's biggest retailers, macy's, will close until the end of the month. and malls across america are shutting their doors, including the country's largest, the mall of america. tonight, new york city's mayor is considering a shelter in place order for more than eight million people who live there, following the lead of other mayors nationwide. for more on that, let's turn now to jami

marriott international is the largest in the world.ront of the w hotel, they closed doors due to low demand. the hotel council of san francisco had a report the city generated $11.8 billion from hotels alone. restaurants and bars are taking a hit as they're closing their doors due to the outbreak with reports showing more than 7 million workers will be impacted. marriott hopes to bring bac workers when the pandemic is over. reporting live, pete suratos for "today in the bay." >>> sonoma county joining six other bay air why counties in the shelter in place order. >> today everybody was crying that the bar was going to close down for who knows how long. >> coming up in a live report, why they are out and about. and the governor dropping major news for millions of bay area families. schools may stay closed until the summer, maybe even longer. how some school districts are responding next. >>> right now at 6:30 waiting for the stocks to be open any second now. the big board is open now. the s&p 500, the dow and nasdaq, all futures were dow

this is where we bring in boom bust co-host ben staunch ben thanks again for joining us today now marriott hotels has made the decision to close some of its hotels and furlough workers without pay now the company says the positive side of this is that workers could still receive health care benefits is marea doing the right thing here. why i think it's a tough question whether it's the right thing i think if you're an employee who getting furloughed it's pretty frustrating thing right now because keep in mind you've got general managers housekeepers and and staff all in between who are being furloughed right now but no executives at mary out of being furloughed at the same time you know when you get this furlough you're essentially told you're still an employee you're not unemployed and so a lot of these employees believe that they can't go and and collect unemployment at this point and that's pretty frustrating for a lot of people because while healthcare is nice it's not going to put food on the table tomorrow or this next week or over the next couple of months and who knows when these p

liz: you know, i'm looking at marriott stock right now, ticker symbol mar. it is down 12.5%. hillary, i think the important point is that we're looking at industries that employ a lot of people, middle to slightly lower middle class, and they are desperate for their salaries and it does not appear at the moment if they are all shutting down that that's going to happen. thank you very much. we need to get you some important information here. as new york city's mayor bill de blasio warns that new yorkers should prepare for a shelter in place order possibly, he stressed possibly within 48 hours, we are seeing many retail chains making moves well ahead of that. apple which said yesterday it was closing all stores until march 27th has now officially announced it will close all stores except those in greater china until further notice. now it's until further notice. the company released the news on its website. while the stock is up 3.25% right now, it is still down 7% on the week. let's flip it over to macy's stock. macy's stock is under water at this hour by about 3.8%. the retai

saying look my boss has told me that i'm getting 0 hours this week or i'm going to be one of those marriott employees who for a load understand this that a lot of experts are saying that you do not have to be an employee to go down and get unemployment and to file for unemployment benefits a lot of employers are telling their employees you can't get it because you're not being let go that's not true according to a lot of experts all you need is to have 0 hours and 0 revenue coming in from your employer to be eligible you don't have to not have a job so if your employer is telling you you have 0 hours this week you can still go and apply for unemployment benefits and a lot of by the way brant employers are telling their employees you can't go get this don't listen to them they're not the one who makes that final decision the final decision comes from the unemployment bureau and so you need to go down there and file if you have any questions about it and this is definitely an interesting aspect which you have to keep an eye on as more of this comes out i want to shift gears to another issue a

it will reopen in 2020 as the marriott autograph hotel.that is a big part of the experience of amarillo, being able to see the old amid the new. and how it all kind of comes together. ellen is a really good photographer. she has been influenced by some really good street photographers through the years. she could really see the juxtaposition of the old and the new, the skyscraper, the old sign and the old streets. we are in the far western region of the texas panhandle, unfortunately driving a bit on interstate right now, but only because route 66 was obliterated here in the 1970's. we are going to get off at exit zero visit one of the coolest and ghost towns along route 66, glenn rio. we are going to cross the freeway here now and get onto little strands of old route 66, the last strand in texas going west and the first going east. with that in mind we are going , to stop at the first last motel, which is right on the state line. just like the name implies, it was the first or last thing you saw depending on which way you were going. we a

marriott is starting to lay off tens of thousands of employees.ott is closing some hotels and using fewer workers at the ones that remain open. in the u.s., the company has about 130,000 staffers. but -- nbaround old games are on hold but we have learned of the teams are still getting payments from its broadcasting partners. notbroadcaster, espn, did say whether it was making the payments but did say issues could be discussed. movie theaters closing all of their locations starting today. amc says it's movie halls will be closed for 6-12 weeks. regal says theaters will be shut indefinitely. from new york, this is bloomberg. ♪ ♪ romaine: investors around the world trying to figure out the economic fallout from the coronavirus. --ine searching to very search activity surging in their other metrics investors are relying on to get a sense of what is happening. on the phone, arbor research and trading data scientist. thanks for joining us. it is going to be weeks before we get some real, hard data from the traditional economic measures we rely on for gd

operate a 48 marriott hotels just here in the bay area and then around the world.now more than a 100,000 or so workers, we're looking this father hilton hyatt best western choice hotels. they're also if not already in the process of considering it or doing layoffs and furloughs are on the way for them to james now the coronavirus is forcing california's government to find new ways to get work done. >>the legislature closed the state capitol to the public after sacramento county officials issued a stay at home order. lawmakers like assemblyman ken cooley are back in their districts after both houses voted to go into a month long recess. it's believed to be the first time in a 158 years. the state lawmakers have taken a step like this. >>shut the capitals actually to put the tory where their presence could have. former detective also means. because this is a person ever remember being out in the community is still has her eyes and ears on. of the coronavirus you sure that no one has thought about. >>state government agencies are still up and running but many staffers

the marriott conference call seema has it >> the call was scheduled late last night marriott taking a number of bold steps here halting share buybacks, suspending the cash dividend and the ceo's pay for 2020 the company also reducing salaries for the senior executive team by 50%. all of this coinciding with a very sharp decline in shares of marriott at one point it was down as much as 30% in yesterday's trade where was addressed. >> looking more deeply, the markets are understandably looking for assurance that we will survive why do i say this? because there is no other rational explanation for the selloff on our stock none of us can know how long this will last we think it very likely the crisis is well behind us sometime in 2020 or early in 2021 at the latest >> the stock recovering a bit in today's trade. the cfo of marriott addressing balance sheet and liquidity concerns following the sharp decline at hotel occupancy around the world mentioning the 4 .5 billion. it's tapped about 2.5 billion to support the repayment of commercial paper that's something to keep in mind carl, in ter

there are 40 marriott in the bay area.ts the 1st 2 closes the w hotel on howard street. starting today hotel employees will have their hours cut. furloughed workers will not receive hourly wages, but they will keep their health benefits. the next few weeks the hotel industry predicts 1 million u.s. jobs will be eliminated.>>> nevada is joining other cities in forcing a statewide closure of nonessential business in an effort to slow the spread of the virus. casinos and restaurants along with a lot of other businesses have been ordered to shut down by noon tomorrow. to order essentially -- more than 50 cases of the virus have been reported in nevada so far. >>> this company's decision not to reopen their resorts with just a few possible exceptions. >>> our meteorologist is back with a bay area forecast. showing us if there is anymore rain in the forecast. tv just keeps getting better. how you watch it does too. this is xfinity x1. featuring the emmy award-winning voice remote. streaming services without changing passwords an

. >> i am the ceo of marriott. thank you for giving us the time this afternoon. i don't need to repeat much of what has been said. we have about 750,000 people working around the world every day. pres. trump: how many hotel rooms worldwide? >> 1.4 million. as you know, the business is made up of hotels. hotels are owned operators,se and suburban and role markets all the way to the ritz carlton. u.s. about the globe. this all starts in china. pres. trump: and this all started in china. >> all started in china. pres. trump: that is where you saw the problem and for scott hit. >> absolutely. . -- and you first got hit. >> absolutely. you have been leading this just the way we have. about three weeks ago, we had the horrible weekend in italy. it has left china and moving in the rest of the world. that therely clear was a spread. we think we might be approaching 2% as of last night. in the rest of the world, including the united states, we have cancellations. in every other market, the numbers are continuing to go down. i don't think we have bottomed anywhere else yet

marriott italian national inter marriott international furloughing two-thirds of its corporate employees. back after this. - no? uhhh... 10 seconds. a stick! a walking stick! eiffel tower, mount kilimanjaro! (ding) time! sorry, it's a tandem bicycle. what? what?! as long as sloths are slow, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. . >>> good morning. the quo family self quarantined after returning from china, two days later everyone was healthy but the daughter no longer welcome at leader board program because she could be carrying the virus. >> we tried to call but they said she won't be able to come back because of the security concerns. >> they asked for a refund of the prepaid tuition for the rest of the school year, about $700 and leaderboard offered $94. it told them per the terms, registration and fees are non-refundable. that's when the family turned to us. leader board declined to talk to us but refunded the quos the full semester, 1,5$1,500. whether you get a refund could hinge on your contract, look for

i mean it is the same thing, so you see the name marriott, you immediately think to yourself, i don'ty hotel company, you feel like times you overpaid for a room, or you feel like they charged you for something, they have gouged you, but you have to remember there are a lot of people that work at the hotel. it is not just a faceless company that is a hotel. they employ millions and millions of people, right? >> yeah. so, and so look what happening? arnie sorenson sent a note to his staff and he said this, concussion that the company is going through is worse than 9/11 and the financial crisis combined. so 4,000 people employed at the corporate headquarters in bethesda, maryland, 2/3 are getting furloughed or laid off. 2/3 of overseas corporate managers. melissa: already? >> tens of thousands of hotel clerks and housekeepers, you know, 7300 properties around the world. so this is a major employer. the other thing, melissa, think about this. when we come out of this, eventually we will, but it will take some time, the consumer is going to likely, many cases have been laid off, and unemp

the first of the community drive at the courtyard marriott. >>> coming up, it is and just grocery stores carving out special hours for seniors. >> this dispensary is doing its part to keep seniors safe. >>> one big hospital is mrs. walker. michael vasquez! come over here. i've heard such good things about you, your company. well, i wouldn't have done any of it without you. without this place. this is for you. michael, you didn't have to... and, we're going to need some help with the rest. you've worked so hard to achieve so much. perhaps it's time to partner with someone who knows you and your business well enough to understand what your wealth is really for. >>> taking you down to los angeles where the city's mayor is addressing the coronavirus outbreak. let's listen in. >> they cannot be evicted. obviously the landlord king continuously charge. there will not be evictions. if anybody has an issue where they are locked out, they can call us. we will make sure that we will be in contact with those land owners and they cannot elect and make sure they are familiar with the law and order. t

marriotts. i don't need to repeat much of what we've said. we have people around the world. 2/3 of them are in the united states. >> how many hotels? >> 1.4 million. as you know, the business is made of hotels we run. hotels are owned by other investors and by franchise operators. and they're typically owner-operators. they might work from fairfield .nn all the way to ritz carlton and you asked about the globe in january, this all starts in january. business falls by 90%. president trump: and this all started in china. that's where you first saw the problem. >> that's where we first got hit. third week in january. within a week business was down about 90, and you've been living this just the way we have. about two weeks ago we had that horrible weekend where it shows up in korea and italy. they are sort of a clarion call if you will that it has left china and is moving to the rest of the world. what we didn't know exactly how it would show up in the united states. was clear that it was now a broader time. it was 2% occupancy. president trump:

in a video posted on twitter, the ceo of marriott explains just how bad business is. >> covid-19 is having a more severe and sudden financial impact on our business than 9/11 and the 2009 financial crisis combined. >> hundreds of marriott hotels have closed or will do so. the ceo says some hotels may not reopen. >>> only on abc 7 news a remarkable effort in the east bay to make sure they're getting the coronavirus test they need. a local pilot is carrying precious cargo that needs to get to labs in southern california. julian glover is live at the hayward executive airport with more on this. julian? >> good morning, kumasi. a whole lot of talk of the availability of the coronavirus testing kits and now we're learning how those kits get to the labs where they can be analyzed and we're hearing that this is a very urgent process. check out the cessna plane that these kids are flown on. you'll notice that this plane that leaves from hayward executive airport each night is at full capacity. look at that green bag right there. there are 50 on planes with samples from northern california. the swa

. >> marriott and mgm resorts beginning to furlough employees. airlines like united reducing more flights and asking for a $50 billion bailout. >> this is worse than 9/11. for airline industry, this is -- they are almost ground to a halt. >> shoppers still overloading stores to stock up on supplies. the fda asking americans to only purchase what they need for the upcoming week. the nation's top infectious disease doctor issuing this plea to young americans. >> don't get the attitude, well, i'm young, i'm invulnerable. we can't do this without the young people cooperating. please cooperate with us. >> that's a big concern. are people taking this seriously? not just in areas with a large number of cases but everywhere. guys, across the river in hoboken, the city's mayor issued a self-isolating order for its residents, which i'm told is not very different from what's happening in san francisco. it's a little less restrictive. they said the root of it is really to get people to change their mind-set about how they handle this pandemic. >> brynn, it t

if you were a marriott or hyatt or hilton and eight, nine years ago you had an opportunity to invest in a small startup everybody thought was crazy, air bnb, now its valuation is three, four, five times greater than the market value of those companies. we believe that electric propulsion will fundamentally transform aviation, just like jet propulsion did in the 60s. it's actually much more economical. so battery technology is at that stage now, right now as we speak, that a vehicle carrying four people can go 200 miles. in ten, 20 years, maybe 30 customers can go 5 hundr00 mile maybe 30 years it can be the size an of an airbus. we order aircraft ten years in advance, right? so joby, it's not that far off. they'll likely have commercial operations in the united states 2023, 2024. >> what has been some of the biggest innovations you've invested in and maybe have a tangible relationship with consumers. >> i think one of the most tangible that customers can point to right now up in about three years ago if you wanted to contact jetblue as a customer, you could go to the airport and talk

stole 66 rolls of toilet paper out of a marriott hotel using a trash bin.uthorities say he admitted to crime saying he was doing it for sense of charity for less fortunate. >> said taking to poor family but 66 rolls excessive dude. >>> neil diamond puts a new shine on "sweet caroline". >>> how to stay safe handling packages oaf. like clockwork. do it! run your dishwasher every night with cascade platinum. a load with as few as 8 dishes, is all it takes to save water. an energy star certified dishwasher uses less than four gallons per cycle. while handwashing uses that, every two minutes. so, do it. run your dishwasher every night with cascade platinum. the surprising way to save water. you sure you don't want me to come with you? i'm very sure. because i can. (laughs) make good choices. you make good choices. i am. fiber is good for digestive health. good choices never tasted so good. kellogg's raisin bran. theryou're not good enough. hard to control. but i am enough. and i know what i'm made of. put your skin in the game. with a razor that puts your skin f

marriott hotels has already started furloughing what it expects to be tens of thousands of workers, nots, but also amongst their corporate staff as marriott has started to shutter some hot becausman thotelinthey're runnit 25% of what they should be typically. and the airlines are seeing passenger lodes of 20% to 30%. it's just not a viable business without help. >> brennan: there's been this debate over whether the u.s. government, the u.s. taxpayer should essentially just hand over money in a grant to these airlines, or whether it should be essentially a loan that could end up looking like something taking a stake, as they did during the auto bailouts. what is it that the industry is actually asking for? >> reporter: sure. so the airlines are asking for a ofmmediate grants it keep their payrolls operational through at least the end of august. they're also asking for a package of loans and some tax changes, some tax benefits that would help them weather this. an airline told me, listen, they're going to operate about 40% of the network they were operating just at the beginning of march.

. >> reporter: as marriott announced it was preparing to furlough tens of thousands of workers at the westway diner what stings the most is the uncertainty >> it hurts a lot because we grew up in this business. this is our home, and this is our customers' home we're family here. it's a big family. >> reporter: many small business owners we spoke with say they plan to dip into their savings to pay for rent, but they don't know how long they'll be able to avoid layoffs. >> gabe, thank you in an empty times square in the middle of a coronavirus pandemic three states, arizona, florida and illinois holding presidential primaries today after ohio delayed its contest. nbc's kerry sanders is in florida >> reporter: primary voting in the age of coronavirus. hand sanitizer encouraged, and in illinois today blue tape on the floor to keep voters 6 feet apart. jerry perkin's personal protection, his winter gloves. >> i'm doing what i can to keep myself safe >> reporter: in arizona an estimated 1 in 25 voters showed up today wearing a mask including 82-year-old sharon maxwell and you voted? >> i su

well, the world's largest hotel chain has started furloughing employees because of this pandemic marriott international is laying off 10's of thousands of workers and this includes anyone from housekeepers to general managers. but no corporate executives were part of this downsizing the company says it plans to rehire some of those furloughed employees when the virus is contained. mary operates thousands of properties around the world including 40 marriott hotels in the bay area alone. executives from several hotel companies, including hilton hyatt best western and choice hotels so that they're also considering layoffs. >>the number of coronavirus cases across the us continues to rise. right now there are more than 9,400 confirmed cases in the u s and 150 people have died in california. there are 870 cases now and 16 deaths so far in california in the bay area 400 confirmed cases of coronavirus have happened and 7 people have died and here's the breakdown by county. a 175 people in santa clara county have tested positive and 6 people have died. in san mateo county there have been 80 confi

a marriott has begun to furlough thousands of workers. this is just a slice of what's going to hit the national labor market in the coming days. most economists predict some sort of snapback in demand and in markets once the virus has peaked, and there is an end in sight, but nobody knows when that is. there is no playbook for this. the economy is stopped. we don't know when it can be restarted again, alisyn. >> christine, what about that plan for $1,000 a month for every american? >> there's bipartisan support for this. and what we're hearing is they want to do this quickly, maybe $1,000. it might be capped at how much money you make, $75,000 or $100,000 would be the cap for income. they don't want this going out to rich people, honestly. they want to put it in the hands of people who need it right away to pay their bills. in the next couple of weeks they'd like to do that, $1,000 per person. there's bipartisan support for this. >> okay, christine. thank you very much. john? >>> all right, this morning we are hearing a consistent message

well on marriott international's health policy elites and she joins us via skype from the isle of wight it's good to have you with this only news as we've seen developed nations like the u.s. the u.k. and and even in italy in the north they're struggling to deal with this coronavirus pandemic so how do you think poorer nations will fare in comparison. well you know just 2 weeks ago we were still questioning if and how this fire risk was going to impact the poorest countries and now we know quickly if this virus is taking hold as your reports have shown today 1300000000 people in india are in lockdown similar measures being implemented in south africa and as you say the health systems in some of the richest countries are all struggling we also know that rich countries spend on average 70 times more per person on health than all countries do and they want over $4000.00 people already dying in poor countries of things like to speculate cis $27000000.00 people living with hiv in africa alone and we do not know yet what the impact of the virus will be on people living with these diseases wha

has the market with this one-time repricing priced in that scenario he's describing with marriott and with travel being shut down or do we need to continue to price it in with each passing week? >> we need to continue to price it because that message is not going to become clear. we have to use this as an opportunity to rebalance something worked haas week that hasn't in a while. diversification. bonds are up 2%. international stocks outperformeded take advantage of the rebalance right now. what worked over the last ten years was large cap u.s. growth. what we saw last week was other things worked. so like moving -- it's going to be important area as well. >> david, go ahead >> look, i think you should stick with what's been working for the past ten years we're nowhere near value stocks. the thing that will recover strongly are travelstocks, communication is to bes, virtual economy stocks we're looking at lasting damage to demand for commodities and excess supply for commodities. this is true for industrials now the other big part of the value universe, whether it's u.s. or around the

it is only over the years that i came to appreciate the marriott of other factors off the battlefield that determined or could determine the outcome. i still believe that there was never a moment when the confederacy proactively could have done something to win its independence but i certainly appreciate now that at any moment during those four years of work, the north could proactively decide to lose it. we have seen conflicts in our own lifetimes that offended in what is apparently precisely that fashion. remove abraham lincoln's iron will to preserve the union. take away the bond he managed to forge with the northern people and soldiery that made them willing to continue the sacrifice through four bloody years and who is to say whether sheer superiority would've been enough to outlast the remarkable morale that kept confederates willing to keep making their own sacrifices after it should've been evident that they were beaten. one of the underlying reasons that i see a spread of broader understanding of the marriott causes of an -- and influences that produced the work -- the of and

. >> reporter: at most hotels, with less than 20% occupancy, marriott hotel company started dismissing tens of thousands of workers on tuesday. in sacramento, hotel guests were told the hyatt was closing and they had to leave. >> the fact that there's no one around, nobody in the streets. it's quite frightening. >> reporter: the leading labor union says nearly 300,000 hotel, restaurant, and casino workers will lose their paychecks in coming days. nowhere is the impact more >> my everyday life is affected to pay bills and making sure i have enough food in my fridge for my family. >> reporter: the projected travel-related jobs lost would on their own nearly double the u.s. unemployment rate. that's just one industry. jamie yuccas, cbs news, los angeles. >>> this morning millennials are being reminded to practice social distancing to prevent them from catching and passing coronavirus on to others. still many of florida's beaches are filled with spring breakers after the governor decided not to close them down. laura podesta looks at the dangers. >> reporter: hundreds of beaches in florida

on tuesday the "w" hotel shut down and today the ceo of marriott said hundreds of their hotels will closehave already closed and some may never reopen. other hotels in the city stop accepting reservations. >>> the golden gate bridge is seeing less traffic and a small silver lining, gas prices in the united states are the lowest they have been since the 2008 financial crisis. how much they have gone down here in the bay area. >> we will take a look at the forecast. we will see you back here. when we face adversity, we find a way through it. it's about taking care of each other. it's the small parts that make a big difference. at chevy, we promise to do ours. we're offering chevy owners complimentary onstar crisis assist services and wifi data. if you need a new chevy, interest-free financing for 84 months - with deferred payments for 120 days on many of our most popular models. you may even shop online and take delivery at home. it's just our way of doing our part... g...i can file and manage myss claim, all on the geico app. it's not just easy. it's giving-your-dog -your-fitness-tracker e

roberts was joined by other business leaders at the great place to work summit held at the marriott marquee in san francisco. he is one of the first recipients of the first greatest place to work ceo for leardship awards. tohe award goes the leaders and ceos who go to dedication to developing employees and developing trust throughout the representative organizations. >> you cannot buy it and the recognition is from the employees, and so to me, it means that all of comcast is working and pulling in the same direction. i think about that how my dad started the company, and it is about the culture and i have always said that i have one job which is to maintain a special culture at our company. >> roberts was named president of comcast back in 1990, and helping to turn it into a billion dollar company that it is today. he has received numerous awards including the title of one of the world's best ceos by barron's, and person of the year by "fortune" magazine. and comcast is the parent company of nbc universal and nbc bay area. >>> coming up for you, you have probably seen more grainy areas in t

time to turn now to the marriott helpis plants rely on for their reproduction and are drawn by sense and color pollinators like bees carry the pollen from one flower to the stigma of another. 75 percent of our crops from pears to pumpkins rely on pollinators to play a role in reproduction in fact of all flowering plants nearly 90 percent make use of the service they provide. the problem now is that insect diversity is under serious threat some crop plants like rice a wheat get by just fine without pollinators but nearly all nutrient heavy fruit and vegetable species actually depend on them so insects are key to ensuring our own food supply maybe it's time to find out if plants can learn a few new tricks to attract more and different kinds of pollinators 'd 'd. beanies know exactly what they like but what they get depends on the plants they use their nectar to determine which insects can pollinate them and which can't. but one day that could change thanks to the work of god who'd low house at the university your book. she's an expert on flow i'm sat up this is the life blood of the pl

for the last 8 years, laura luka roomba has worked as a useeper at san francisco's marriott marquis. >>now e single mother of 3 has had or 40 hour work week cut to 0 and fears her health benefits may disappear. >>my faith in god is the only thing i have right now becse i'm trying to be strong for my ds. because some nobody know what would happ next and nobody knows business leaders say whenever the sun's the state ll have to play a major role. >>and getting businesses both small and large rolling again. >>i would sataps release not hold businees accountable to making taxes on certain deadlines. women don't have the castor support that i would say to you know look you know it's free to low interest loans inject liquidity back into businesses that the times when are you know it's time to ramp that this is a backup is going to be needed. >>and business leaders say really this aldepends on the length of time the longer that people are staying home a the longer businesses are california to recover. live in san francisco. dan kerman kron 4 news thank you. dan health ofcials in contra costa

willard marriott who said good timber does not grow with ease.ightline" for this evening. thanks for the company, america. goodnight. if you're 55 and up, t-mobile has a plan designed just for you. and, for a limited time only, we're making it an even better deal. now you can get two lines for only $55. that includes unlimited talk, text and data. with no annual service contracts. it also includes talk, text and data when traveling in mexico and canada. so if you're 55 and up, you can now get two lines for only $55. because at t-mobile, we have a plan designed just for you.

lucharon but is already experiencing it for the last 8 a housekeeper at san worked as francisco's marriott marquis now her 40 hour work week has been cut to 0 and she fears her health benefits may disappear next. >>i'm a single mom and i have 3 key it's sied on the ones providing for them. this land nd that ensures about what's happening because i really don't know how long this we turn asked business leaders say whenever this ends the state will have to play a role in getting businesses both large and small rolling again. >>and that likely means low interest or no interest loans. >>because mind. the star it's a business is already been drained of its cash. and doesn't necessarily have the opposition to be able to go into the private market to get the support to start up again, you know i think the government's going to have to play or you know some rules that either making guaranteeing them and those kinds of things that make you making capital available very readily and it's a scale is going to matter. >>and sent just how long this lasts that is a question that we really don't know here