group one auto, redfin and verizon ceo about how these companies are dealing with the fall out and what the impact of this virus will be on the overall economy. >> let's get right to our reporters covering the story for us rick ismonitoring the action i the bond action. we begin with steve on the phone with the latest on this move by the fed. it's been about an hour for markets to digest it >> people are still trying to figure it all out here it looks like the federal reserve is going to do a series of masds ifr operations to -- put it this way, it will be a trillion dollars a week in the following ways a half a trillion dollars was done at 1:30 today a half -- that was three months before operation >> half a trillion >> half a trillion 5050 billion three separate operations that will amount to a trillion dollars of new money i think what they tried to do is to just put infinity out there and just make available -- they are out in ways we haven't seen since 2008 and certain derivative market securities there's more concern and the federal reserve hopes by doing these operations it will

redfin is down 26.7%. but remember, yesterday ara hovnanian of hovnanian homes was right here on the show, saying things were pretty robust this week, that things were actually impressive. the long-time home builder's revelation underscored the housing starts we got today which showed a less than expected dropoff in february. again, it's a moving target at this point. everything from now until the next couple of weeks is still a huge question mark. let's bring in somebody to answer this. we've got our "countdown" closer panel. mark it six minutes to go before the closing bell rings. gerber kawasaki ceo rob gerber joins us along with brad mcmillan. we also have phil flynn back with us from chicago. brad, i will start with you. it's really dangerous, as i have been saying, treacherous to try and trade this market but are you doing so at all? >> we are sitting tight. we see panic, right now i think we are getting close to the point of maximum panic but if you notice, the draw-downs seem to be getting smaller

redfin said it is at the lowest point in seven fires. buyers are going to extreme lengths to buy homes, putting up 50% down and accepting the house as is, no inspections needed. the bay area is now the most competitive market in the nation with agents saying 90% of the time there were multiple offers on homes up for sale. >>> coming up, check your tickets. a big lotto winner here in the bay area. a south bay store where the winning ticket was purchased. [ fast-paced drumming ] vo:untrue attacks againstve, mike bloomberg. bloomberg has been praised by president obama. obama: he's been a leader throughout the country for the past twelve years. mr. michael bloomberg is here. vo: mike worked with president obama to combat gun violence and improve public education. as president, he'll work to combat inequality by launching a new initiative to spur african american and latino homeownership and small business growth. and he'll beat the divider in chief. bloomberg: i'm mike bloomberg and i approve this message. >>> if you bought a lottery ticket

. >> now both zillow and redfin have seen big jumps in virtual tour kraeg as well as requests >> hope it works we've got to fwget two of our neighbor's homes sold. >>> the president and congress are trumpeting the fact that was passed week, but small business owners are saying show me the money. kate has the details on how they can get it >> that's right. for small business owners like jason duff, really this aid can want come quickly enough he runs small nation, a business that focuses on revitalizes cities and towns they've been opening up bars, restaurants gyms he said about two weeks ago, the city was in the best financial shape it was in for years but then students were sent home, businesses shut down and things took a turn. >> we saw 80% of tenants be mandated closed but what was more scary and challenging was the way that our small business owners were having to lay off their friends and family that's the thing is that employees really are family. >> he's waiting now to hear on his sba disaster loan application. he told us he also plans to apply for that expanded 7a loan you me

the same thing, in seattle, you're not seeing is that you're seeing open houses being canceled and redfin saying they would be willing to do skype tours without the potential buyer being there. >> let's turn to the restaurant stocks darden and brinker international are down double digits let's bring in jim ballis now, managing director of the strategic operations group at capital spring, a private investment firm focused on the restaurant industry. jim, it's good to see you. so, restaurants -- the trouble is, if you don't take your trip to some country this year, you might take it next year. the restaurant business that is lost because of coronavirus, they're probably not going to get back, is that right. >> it's definitely going to be challenging for them what you're seeing is a clear migration from people dining in the restaurants to people fo them those businesses that have those available to them as revenue channels are performing better >> that reminds me of our last conservation about the ripple effects of these sports cancellati cancellation if weem apeople are picking the up and t