A category 4 storm today. We are live on the ground in the Sunshine State. Carley and mayor Eric Adams facing calls to resign after being indicted by a Federal Grand Jury and we are expected it to be unsealed later this morning. Todd former first Lady Melania Trump joining Fox And Friends since the Assassination Attempt s targeting her husband. I saw it on Television And I c called again and he was okay because Secret Service were great. I think both of the events, they were really miracles. Todd ainsley will be here live with more from her exclusive interview. This is a wildly busy thursday mor morning, im todd piro. Carley im carley shimkus. Hurricane helena is expected to crash into the big Bend Coast by this evening. Storm surge warnings are in place for most of the states West Coast and officials warn the surge could be lifethreatening. Janice dean joins us. Janice not a lot of time. 5 00 a. M. Advisory, 90 mile per hour sustained wind, we are expecting this to be a category three
And temperature checks at the front door for all staff and children. We have provided all staff with ppe they can replace every day if they wish. Face masks as well as shields, as well as gloves. The Santa Clara County Public Health department is strongly encouraging Elementary Schools to apply for the waiver telling nbc bay area many are interested. I know that the county office of education from what we hear has been contacted by at least 80 schools and perhaps larger than that, but at least 80. Reporter Jewish Day School is another Peninsula School that says they, too, started the waiver process in hopes for reopening for in person classes this fall. Today a Santa Clara County Health Office confirmed four clusters of covid19 at costco. A cluster is three or more cases at the same site within 14 days. This comes after our story highlighted an outbreak in sunnyvale. Dr. Marty revealed there are now 13 cases at that sunnyvale store along with eight at the San Jose Center road location
Im Andrew Ross Sorkin with joe kernen and melissa lee becky is off again we are about 111 points up now s p 500 looking to open about 11 points higher. Flip is around and show you we are at. 952. Still under the six handle i always wonder what the bond vigilantes are thinking now relative to our little equity world. Worth noting we are still 3 well away from the february record highs some highlights. The ceo of Tractor Supply, auto nation venture capitalist, treasury secretary mnuchin, house leader and twitter ceo. A huge lineup straight ahead thats a big show yeah. You guys always have a big show but this is particularly large. For you because you are here people said, melissa will be on book her i think they wanted to do it for you but i think they were scared if they didnt do it of me thats the feeling they got they didnt want to disappoint you. I doubt it thats nice to say but i doubt it im not a scarey person. Im not. Maybe to you nows this morning out of washington. Reaching Comm
More green shoots are being seen in the American Economy. Well he show them to you. It is monday, may 11th and this is Worldwide Exchange right here on cnbc good morning, good afternoon or good evening, welcome from anywhere in the world youre watching im Brian Sullivan thank you for starting your week with us here on cnbc lets get a check on your monday morning futures. Dow futures up just about 40 points we are coming back backtoback solid sessions for stocks, the dow was up 450 points on friday. And it capped off wall streets first winning streak in nearly a month. Even thousagh it is early mornig this may be the most eyeopening stat youll hearle all day with the recent rebound the nasdaq 100 is now only 5 from its alltime high. Onethird of that index is up 25 over the past year think about that, folks. A Global Pandemic, nearly global lockdowns and the nasdaq 100 just 5 from alltime higher oil reflecting a more optimistic tone lately. Around 24 a barrel. Down 3 but well off its low
Week yeah. This is the expiration day so what happens is you actually its tomorrow, but people are trying to prep it what happens is rusty braziel explains to me, the rollover from the may contract to june occurs tomorrow. The reason that happens is because the may futures price converges with cash and expiration so in other words, youre looking at what the real price is its not the futures price so what happens is that imagine if youre producing at 32 a barrel, 33 a barrel like occidental, thats just youre hurting nobody can make any money at these prices rusty points out that after seeing this, the next month, it might go to zero and thats i think a lot of it is because where will you put it maybe keep it in the ground. It is extraordinary and jarring. And i think its causing the decline. Carl, whats so amazing, it was completely predictable thats why maybe the decline isis really overdone if its based on oil if its based on other factors, i dont know it looks like oil is bringing th