but the nation's bank as we were encouraged to do the same. pleased that wells fargo, u.s. bank, citi and j.p. morgan chase have all agreed to 90 day waiver of payments to those that have been impacted by covid-19 and that's an important point to make. it is significant that we have some consistency. it's significant we don't have a patch of one bank to another. that's what happened in 2008. credit unions doing one thing, state banks doing something different. so we wanted to engage our nation's largest banks and see if we can create some continuity and consist ensy. and four of the five largest institutions committed to just that 90 day. unfortunately bank of america did not publicly commit to that. they just committed to 30 days. i hope they will reconsider and join those other banks that are willing to do the right thing by at least extending that commitment to their customers for 90 days. bhiel the state of california doesn't have regulatory oversielgt of those banks i'm sensitive to that and i know the banks are certainly sensitive to that

t the nation's banks will be encouraged to do the same. i'm pleased that wells fargo, u.s. bank citi and j.p. morgan chase have all agreed to 90-day waiver for payments for those impacted by covid-19. that's an important point to make. it is significant that we have some consistency. it's significant that we don't have a patchwork one bank to another. that's what happened in 2008. credit unions doing one thing, banks doing another, state banks doing something altogether different. we wanted to engage our nation's largest banks and see if we can create some continue muity, some consistency across their ranks. and four of the five largest institutions committed to just that, that 90-day, unfortunately, bank of america did not publicly commit to that. they just committed to 30 days. i hope they will recor and join those other banks that are willing to do the right thing by at least extending that commitment to their customers for 90 days. while the state of california doesn't have regulatory oversight of those bank, i'm sensitive to that and i know the banks certainly are sensi

bank is created as a way to help the u.s. government better gather up the supplies of the countryside to have one functional national currency. to a bank, we are not just dealing with bank notes , they legislate the creation of legitimate paper money. through something called the legal tender act, those printed u.s. dollars during the civil war specifically say this bill is legal tender for all debts public and private. the confederate money is not legal tender. they print it, or at least not officially in this way. the government prints and authorizes it, but does not have the same statement about legal tender, so someone can say i do not consider this to be money. the u.s. money says this is money and everyone has to accept it as such. the other thing that helps keep inflation under control is they enact a national income tax in the united states. the supreme court rules it unconstitutional during the war. it does not outlive the war, but it helps balance the money going currency beinger printed of having some money come back in. inflation in the u.s. over the course of the civil war and up being about 75%. which is a lot.

bank is created as a way to help the u.s. government sort of better gather up the supplies, of the countryside. one national currency, in addition to a bank, not just dealing with banknotes anymore, they legislate the creation of a legitimate paper money. through something called the legal tender act. this is important, those u.s. dollars printed during the civil war, specifically say, this bill is legal tender for all debts public and private. the confederate money is not legal tender. they punted, or at least not officially, they printed the government prince it, and authorized it. but, it does not have that same statement about being legal tender, which means someone could say, i refused to accept this, i did not consider this to be money. the u.s. money says, this is money, and everyone has to accept it as such. the other thing they do that helps keeps inflation under control, is they and that's a national tax. they get an income tax in the united states. supreme court rules that unconstitutional during a war, so it doesn't outlive the war. but, it helps balance the money that is going out through that

>>the national guard isn't fairfield helping prepare and distribute emergency food boxes at the food bank of contra costa and solano we were just so thankful to have the national guard here today and our first run through assembly over 1000 emergency food boxes food bank of contra costa and solano ceo joel salts trump talks about the national guard's mission. >>well that commit being with us at least 3 ways so our intent is to have them here 5 days a week and continuing to build urgency boxes of food approaches that we can get out to the issue it is again as it should also 100 to 178,000 clients we serve right now >>he says he could really use the help lot of the food bank experiencing a 30% drop the volunteers, the wake of that cold that day 18 past end of the understand a lot of our volunteers are and that more vulnerable age group sanitation stations and gloves are on site to promote health and safety. also says it is times like these the food bank services i needed more than of so many people have been laid off or have lesser income so that is going to push a lot of people to be first

small and medium—sized businesses but i think the ebc would have to work in conjunction with the national bankshe bank of england ‘s where the bank of england ‘s where the government is implicitly guaranteeing any defaults on those loans and those banks are not going to lend to. do you think a recession across europe, in fact across the world, is inevitable? i think the risks arising very rapidly. the best case, until recently, was the impact would be felt in the first half of the year. that's demand is going to be delayed but not destroyed and it will rebound in the second half. but now, the worst—case scenario is becoming the best case which is that demand is going to be destroyed as the global corporate profit cycle colla pses global corporate profit cycle collapses which would lead to rising bankruptcies, cutbacks on investment spending, consumption and basically destruction of demand. so at your work, what you think your clients right now amidst all of this? what are we saying to clients? it is wait and see. hold your breath. hold your breath. this is the best case but be aware of the wors

>>the national guard isn't fairfield helping prepare and distribute emergency food boxes at the food bank of contra costa and solano we were just so thankful to have the national guard here today and our first run through assembly over 1000 emergency food boxes food bank of contra costa and solano sealed all salts trump talks about the national guard's mission. >>well that commit to being with us at least 3 ways so our intent is to have them here 5 days a week and continuing to build urgency boxes of food approaches that we can get out to issue it is again as it should also 100 to 178,000 clients we serve right now >>he says he could really use the help lot of the food bank experiencing a 30% drop the volunteers, the wake of that cold that day 18 past end of the understand a lot of our volunteers are and that more vulnerable age group sanitation stations and gloves are on site to promote health and safety. also says it is times like these the food bank services are needed more than of so many people have been laid off or have lesser income so that is going to push a lot of people to be fi

credit unions and other state banks doing something different. we wanted to engage the nation's largest banks and see if we can create continuity and consistency. the five largest institutions committed to just that. unfortunately, bank of america did not publicly commit to that. they just committed to 30 days. i hope they will reconsider and join those other banks that are willing to do the right thing by at least extending that commitment to their customers for 90 days. while the state of california doesn't have regulatory oversight of those banks, i'm sensitive to that, and i know the banks are certainly sensitive to that.they are also recognizing sensitivity to their customers, not just on the issue of being able to pay their mortgages, but also credit ratings. that is also part of the broader commitment that we have secured by those nations for the five largest banks and all of the state charter banks and credit unions, counting 200 plus. complement them for their willingness to engage us and our team. commissioner alvarez and others have been working overtime to organize t

regional banks, you see them not being spared we'll talk to the ceo of valley national which is falling double digits as you see right there. he'll be with us later this hour >> thanks. here is what you need know there's now 3800 cases of coronavirus confirmed in the u.s. new york, new jersey and connecticut are banning all gathering over 50 people and closing dine in restaurants and bars following that recommendation from the cdc. u.s. airlines are seeking 50 billion dollar in government assistance and if approved, it would be the industry's first broad bail out since after the september 11th attacks we have full team coverage this afternoon. bob is monitoring conditions at the new york stock exchange. rick is out at the cme watching the bond market. bob, we'll begin with you. >> third trading halt in the last six trading sessions. that's this morning after the open 9:30 or so. 15 minutes the s&p down 7% these trading halts have, at least, served to slow the markets down a little bit and do bit -- put a bit of a break on things we'll keep an eye on that. we're continuing to see this bi

the bank of england the swiss national bank the bank of japan and this is not a country but anyway so major banks and that is it now that a lot of the problem is the supply chains which they have to say they've they've said they will completely back stop don't stop at the u.s. border you've got dollar denominated supply chains going into east asia and elsewhere i mean i think that they say manufacturing model of apple is a very very good example of this so this is a very very big deal in terms of the amount of currency that is going to be issued in the next 2 to 3 months it is follow that anyone really suspects now if you impose that of a john roll model you can see exactly how by the end of this year we should not be surprised to find that not only has the ho industry a financial asses collapsed but the current system fit currencies have gone with it let me continue on here for a 2nd do you think the current. market crash situation is event driven and will return said normal 'd after these a lot downs are lifted some kind of answer that the last the last go but to what extent would t

the bank of england the swiss national bank the bank of japan and this is not a country but anyway so major banks and that is it now that a lot of the problem is the supply chains which said to stay they said they will completely backstop did stop at the u.s. border you got dollar denominated supply chains going into east asia and elsewhere i mean i think that they manufacture a model of apple is a very very good example of this so this is a very very big deal in terms of the amount of currency that is going to be issued in the next 2 to 3 months it is follow that anyone really suspects now if you impose that sort of a john role model you can see exactly how by the end of this year we should not be surprised to find that not only has the ho industry a financial asses collapsed but the current system fit currencies have gone with it let me continue on here for a 2nd do you think the current. market crash situation is event driven and will return normal 'd after these a lot downs are lifted you kind of answered that the last the last go but to what extent would there be any relief if an

including the food bank of contra costa and solano. the nationalelping out ot the fairfield warehouse for the next three weeks. they'll be filling 1,000 emergency food boxes and 1,000 bags of fresh fruit. in addition to the food bank's normal supplies. >> i feel like i've been to exposed to a lot of different parts at the food bank. >> they'll want to eat every few hours so it's become hard for us to maintain that. so places like this have really been helping a lot. >> yeah, and governor gavin newsom called on the national guard to help the food banks. the san francisco marin food bank hopes to get the national guard at its warehouse by tomorrow. >>> it is 5:57. the blood banks say they desperately need more donations. one drive will take place today at 10:00 a.m. until 4:00 p.m. at the 3:00 at the courtyard by marriott in voilz. blood drives are allowed in the current shelter-in-place orders and the fda and the american red cross are encouraging everybody to donate. they're also being told only donate if you feel healthy. >>> and unions representi

california leaders secured a deal with 4 major national banks to temporarily suspend homework its payments for those affected by covid 19 governor gavin newsome announce wednesday wells fargo citi us bank and jp morgan chase. they all agreed on a 90 day grace period another 200 smaller banks made similar commitments. >>4 of the 5 largest institutions committed to just stop that 90 day unfortunately bank of america did not publicly commit to that they just committed to 30 days hope they will reconsider and joins a those other that are willing to do the right thing. >>well governor newsome said that the state's work with banks will continue on additional issues like atm fees and also overdraft charges. well the president is doubling down on his easter timeline of when he believes the country to get back to normal. so he says the country would reopen and sections the more lives we can save and. >>the sooner we can eventually get people back to work. back to school and back to normal. and there are large sections of our country probably can go back much sooner than other sections. >>well many

>>coming up the california national guard is helping out local food banks, what they're preparing during this national crisis than switching gears at local distilleries where you can now find hand sanitizer instead of booze. many people now facing shorter work hours or unemployment during this coronavirus pandemic but the postal service is hiring up next. we're going to show you folks ask me why their dishwasher doesn't get everything clean. i tell the it may be your detergent... that's why more dishwasher brands recommend cascade platinum... ...with the soaking, scrubbing and rinsing built right in. that's why more dishwasher brands for sparkling-clean dishes, the first time. cascade platinum. slp this amazing? that's a zzzquil pure zzzs sleep. our gummies contain a unique botanical blend, while an optimal melatonin level means no next-day grogginess. zzzquil pure zzzs. naturally superior sleep. we find a way through it. it's about taking ca of each other. it's the small parts that make a big difference. at chevy, we promise to do ours. we're offering chevy owner complimentary onstar cr

depository bank that gets created for full fledged banks so under the rico neil act you get these national bank powers and you can custody digital assets so you know if a pension fund wants to invest in digital assets how are they going to do it if like the f.c.c. one of the big issues is custodianship on an e.t.f. how are you going to do it you've got to have property rights well property rights are state issue so that you need to start defining the property rights in the legislation and so that's what wyoming's done the way i've looked at it and why i've been so interested in it is you know we have a big corn core we've got the network with all the proof of work behind it it's a technical fortress that's just impenetrable i want to build a legal fortress around. the technical fortress and so that's what we were doing we're working on those types of bills to close a tax surfaces an attack vectors from what regulators lawyers attorney and anybody else is trying to hack your big cohen through the legal system right right so let's talk about this the regulators and the states are now coming out w

>>the national guard is in fairfield helping prepare and distribute emergency food boxes at the food bank costa and solano we were just so thankful to have the national guard here today and our first run through assembly over 1000 emergency food boxes food bank of contra costa and solano ceo joel salts trump talked about the national guard's mission. well that come a team with us at least 3 ways it's our intent is to have them here 5 days a week and continuing to build urgency boxes of food approaches that we can get out to issue it is again as it you should also >>278,000 clients we serve right now >>he says he could really use the help a lot of the food bank experiencing a 30% drop the volunteers in the wake of the toll that 19 pass >>understand a lot of our volunteers are in that for its troops. sanitation stations, and gloves are on site to promote health and safety. also says it is times like these the food bank services i needed more than ever so many people that laid off or have lesser income so what is going to push a lot of people to be first time you know need to slow. >>over th

products is exchange traded funds stocks and national bank finds stocks e.c.v. will start buying stocks in favor buying stocks they're buying on right now that it's not a long time from now until the fed says well we're going to start buying equities so this is a problem because it's not capital with. we're all we've got to intervene and the need to lay price action you know the buyout of 2 pennies 5 l. of the mh responded i thought negative you're going to bond markets so that means the e.c. we pay rates is rich is made to 5. 1000000000 dollars in low how does that help main street it doesn't this problem these guys have self interest they don't care what happens to main street does burn down long as they get paid what's next thing to pull out of the bag of tricks you know i told you get a margin on you get marginal returns from that because increment you know now they have to spend $3.00 to make it makes no sense whatsoever they're burning the house down they don't realize they are burning down and we're not and very well right you mention the e.c.v. finance t

interesting, against the grain of what we have seen central banks doing, the people's bank of china, which is of the nation'sentral bank kept its interest rate unchanged, very much against expectation that they would be cut. this could be a suggestion of two things. one, that perhaps there may be a growing confidence that china has gotten through the brunt of the coronavirus. today was a second day that the country reported no new domestic cases. and two, recent measures in china were enough to help the economy in the immediate term. consider the central bank adjust the rates of its currency to its lowest in some 12 years, a move which is meant to keep chinese exports competitive, much to the disagreement of president trump who has accused china previously. a way of written liquidity also in that banks will be able to be in a position to lend more to try and help stimulate the economy. in our investors in asia seem relieved that mossey has not plunged yet again. shares from hong kong, australia and others going up. a breeze from the rebounded oil prices. the decay injapan was closed for a public holiday but

>>the national guard is in fairfield helping prepare and distribute emergency food boxes at the food bank of contra costa and solano we were just so thankful to have the national guard here today and our first run through assembly over 1000 emergency food boxes food bank of contra costa and solano ceo joel salts trump talked about the national guard's mission. >>well that commit it being with us at least 3 our intent is to have them here 5 days a week and continuing to build urgency boxes of food approaches that we can get out to issue it is again as it should also to 178,000 clients we serve right now >>he says he could really use the help lot of the food bank experiencing a 30% drop the volunteers in the wake of that cold that day 18 pass >>and that we understand a lot of our volunteers are in that 4th hole of all age groups sanitation stations and gloves are on site to promote health and safety. so some says it is times like these the food bank services are needed more than ever so many people have been laid off or have lesser income so that is going to push a lot of people to be first

swiss national bank, bank of canada, england, and japan, and the european central bank joining in withements on dollar liquidity. many of the retail stocks will be hit, including apple, closing stores outside of china. important for the stock market, the u.s. banks will suspend the program from here on in. back to you. >> it is remarkable when you see the numbers expected to open in the low, that the president on friday tweeted out and was boasting about how the stock market rallied for a couple hours with the significant number. here we are again, expected to start the day in red. you'd think someone would say, mr. president, we're not in the clear. this is not turned around. no indication yet from the president he will do so. karen tso live in london, thank you. appreciate it. >>> coming up next, look at axios' one big thing. >>> on "morning joe," with the u.s. under a national state of emergency, the coronavirus pandemic is further impacting public life. local officials around the country announce new measures to reduce the spread, including here in new york city. andrew cuomo and b

the fed, which includes the bank of japan, the bank, the european central bank, and the swiss national bank, and also the bank of canada. that is basically it, but there is suggesting that there is very strong demand for dollars out there. we have seen a little but of movements in the market that may asked -- that may suggest some pressure easing, but it is hard to say. alix: with the dollar index still at 102, it doesn't feel like we are off the top in a substantial way. what do we have to see for everyone to breathe a sigh of relief? michael: i need to -- i think you need to see it go back down for several days, maybe to the mid-90's level it was at before. i'm not sure where it settles out because we go beyond the demand for dollars to the outlook for the economies, and that will be influenced not just by what the fed is doing, but what congress ultimately does, what other stimulus measures come from european central bank and the chancellor the exchequer later today. one of the questions i think a lot of people are trying to understand is when do some of these programs kick in. clearly,

tom: wonderful to have you with us today, and certainly is for former head of the swiss national bank, this is a sensitive time. the market gyrations at black rock, you have a spectacular team, the mathematics of someone like jeff rosenberg, the politics in england of others as well. you have every base covered. what have you heard from your blackrock team about how we find stabilization in these markets? morning.good i would say a piece of good news is that the market worked reasonably well, even though we had historic moves we can see this also in the etf market. that is an important signal that the etf market function, market integrity was preserved despite the extreme move. i think the focus will be on policy. that is across-the-board, whether i speak to my former colleagues, market participants, portfolio managers, ceo's, that is now what is required. conservative, aggressive, bold, and a preemptive move by policymakers to make sure that we do not get into a self-fulfilling downward spiral related to income not being paid anymore, people defaulting, small businesses defaulting. o

the swiss national bank has said they could cut further rates if needed and talking about possibly havingtervention. taylor: i want to bring in jim reid from deutsche bank. we are getting a lot of your questions as everyone is trying to digest the markets and we were talking about the stabilization within the investment sector in europe, people writing in asking about stabilization in euro credit and more selling within u.s. investment grade, given the fact that the fed is not buying corporate bonds and the ecb is. fed cannot buyhe corporate bonds. in a crisis, a lot of things change so it would not be -- would not be a surprise if the fed is buying corporate bond. was easier to naturally increase this and last night's move, while it did not give explicit numbers, it indicates there will be a lot of buying of european credit. european investment grade credit has outperformed u.s. investment grade credit. it is a welcome thing or the european investment rate market -- for the european investment grade market. francine: if you look at what norges just said, will we see banks intervening on

deutsche bank was the company that conducted the area nations of the jewish owned businesses all over europe as germany conquered those countries and stopped lending at the local banks to help jews get out of the companies and took the role that the not seas had taken and then provide the nazis with hard currency. but in fairness to the bank this is what large german companies were doing to survive at the time so it is not unique that it has done something evil. it is clearly a party to genocide and i think it has been easy for the bank with the ben if one --dash many decades a way to explain that away but the reality is we don't know for a fact they knew what was happening inside auschwitz or what the gas would be used for or what they were selling and is stemple i think we can apply a reasonable standard looking back to say come on. >> one of the board members of the chemical company basically was the ceo of deutsche bank. so if he didn't know, he had to know something i don't approve of it. but we are safe to operate under the assumption deutsche bank knew about it and did it anywa

the main german banking regulators they play defense and deutsche bank is the biggest there is the proud nationalinstitution and as americans launch those british agencies to those civil investigations into the bank deutsche bank would insist those inquiries and requests for information didn't go straight to the bank or the lawyers but routed through the local regulator technically the way it is supposed to work but not enforced but they would insist the request and they would die in the maze of german bureaucracy over and over again more recently they got a little more serious now with the euro zone regulator but the us and british authorities have been much more aggressive so i will say i don't think the fed looks good either in this book the fed was aware of and had the opportunity to stop money laundering with deutsche bank going back 15 years on multiple occasions a very soft slap on the wrist with that approach now we know it didn't work now there is a scene in the book by fed officials are angry about wandering tens of millions of dollars and they are expecting based on the angry tone of t

. >> now, five national banks are also offering help. wells fargo, c iti, j.p morgan chase, and u.s. bank agreed to a 90-day delay for mortgage payments. bank of america is offering 30 days but says that may be extending. >>> many bay area communities are protecting renters facing economic hardships. courts in san francisco, alameda, contra costa, and santa clara counties are delaying eviction hearings. sheriff's offices in alameda and san francisco say they will postpone carrying out evictions. governor newsom issued an executive order allowing local governments to stop evictions and san francisco's already laid out its rent moratorium guidelines. attendance rights lawyer explained exactly what that means. >> because of the coronavirus means you either are hospitalized, you have mounting medical bills related to your hospitalization or family members, you've lost your job or your hours have been reduced. >> now, some groups also want a freeze on rents. one san francisco landlord we talked to said he supports the idea of no evictions. tho

i don't have evidence of that. >> the decade after northwest emerged, wells fargo acquired the national bank of alaska, financial services, united bank corporation, you get the point, the mergers. wells fargo acquired walker via doubling the size of the bank. is that correct? >> i believe so. >> according to the independent director's report wells fargo's failed culture quickly spread through walker via branches. is that correct? >> i believe the wells fargo management model was there. >> from my perspective these constant acquisitions not only made wells fargo bigger and more complex but brought illegal and irresponsible corporate practices to more customers thus the consent pieces that are out there. of the federal reserve releases wells fargo from its asset u commit to not pushing for more acquisitions? >> i'm not thinking of anything like that today. i'm thinking of the work that we have to do and there are examples of acquisitions where companies have been run properly. our issues relate to the fact that we didn't have appropriate management in place or appropriate controls or risk infr

mbk, the national bank of kuwait, one of the biggest lenders in the gulf, was down 15%.a reaction that was pretty much expected and it wouldn't be surprising to see kuwait climbing the most in the region as markets reopen in the gulf. manus: it is all contextualmanus:. what looks like an anemic bounce of .3%, but when we saw the markets open, i think that has caused this pivot of change. what should we brace for when europe and the u.s. open? they will focus on kuroda's comments, central bank speak, aren't they? filipe: that's correct. we see in asian hours, commodities, a better sentiment than what we saw on friday. there could be a rebound. we are expecting that for the middle east, as well. as europe gets back to trading in a few hours, there could be some sort of an improvement in sentiment from the level that we saw last week. we are not seeing things are in a much different place right now, but it is a very temporary, positive reaction from the latest developments we know. as you mentioned, there is expectation there could be more signals from the fed. other centra

the fed joined the bank of canada, bank of england, bank of japan, ecb and swiss national bank in cuttingt 40 bucks which split adjusted is 4 $4. we are getting overdone. the bank stocks are down 15% to 20%. we are getting the borderline insanity. it's looking like we will open up some 2400 on the s&p 500, 2350, right around that is the 2018 lows. robert wolf is buying stocks for the first time in a decade, makes me feel good. so look, i don't think we are out of the woods yet but the end is near. maria: i love the fact michael lee said earlier we are actually in a bottoming out process, mitch, because when it looks this ugly, you have to believe that some people see this as an opportunity. is the fed cut, a point cut extraordinary, 150 basis points in just two weeks cut by the fed, is that going to be enough to lure people in to start refinancing, help the broader economy? >> i think it's part of the puzzle. fiscal stimulus is important and what fiscal stimulus looks like it what the market's going to be paying attention to and how long we bounce around the bottom is going to be dependen

homeowners will also be getting a break as well as california leaders have secured a deal with 4 major national banks to temporarily suspend home mortgage payments for those affected by covid 19 governor newsome says wells fargo citi us bank and jp morgan agreed on a 90 day grace period, another 200 smaller banks made similar commitments. >>4 of the 5 largest institutions committed to just stop that 90 day unfortunately bank of america did not publicly commit to that they just committed to 30 days hope they will reconsider and joins a those other that are willing to do the right thing. >>well governor newsome said the state's work with banks will continue on other issues like atm fees and overdraft charges. this just in a new look at how just empty the streets of san francisco are right now is people are ordered to stay home. this is from a drone video, various spots throughout the city and you see that the empty streets a lot of stores boarded up and closed little to no traffic, no cars on the road and plenty of empty parking spots quite an eerie scene. the latest numbers for you on the pandemic glo

on the european level, and it could be absolutely useful, especially in those countries, the national banks of that sort are not working, are not big enough, not really existing, but could be done by the erd, which could be very useful. and in the end, we have the instruments. we developed after the last , and so it is absolutely useful to look at this possibilities to be prepared for situations, which possibly might it is necessary that we know that we are much stronger than 10 years ago. matt: so it looks like the esm well -- there will be a precautionary credit line from the esm, up to 2% of gdp. i want to give you a quote from holders meeting, who was talking about the euro group decision. he said "euro group result shows that once again when it comes to actions of seriously impressive scale in the eurozone, the ecb is the only institution that is really capable of that." is he wrong, or is that by design? ecb, yes,: no, the but there are other institutions , and as we already discussed, them andoking at discussing what could be a useful activity. matt: he is just saying you are not com

newsome said the state's work with banks will continue on additional issues like atm fees and overdraft charges in sacramento, ashley zavala kron 4 news. >>the national guard is now in fairfield helping prepare and distribute emergency food boxes at the food bank of contra costa and solano the food bank ceo says he can certainly use the help in light of the organization experiencing a 30% drop in volunteers since the pandemic started sanitation stations and gloves are on site for health and safety reasons of course. ceo says in times like these food bank services are needed now more than ever. >>they understand a lot of our volunteers are in that for its troops. so many people that laid off or have lesser income so that is going to push a lot of people to be first time you know need to slow. >>so fewer people are volunteering in over the past 2 weeks, the food bank of contra costa and solano says it has seen a 50% increase in people needing their services at their distribution sites. >>neighbors in san francisco's an up hill neighborhood are giving back to their community. so far group of 100 volunteers organized to pick up and deliver groceries to t