Fairfield. San francisco, it is warm in the city, but a bit of a breeze kind of keeping this temperatures and check right now the coast and the shoreline. Lots of 90s for fremont and evened in san jose. Im looking for potential records of the north bay for santa rosa and in san jose. We will get the official report during the 5 00 hour later on today from the National Weather service. This is kind of as those records begin to, possible records begin to push into portions of the bay area. It looks like we are having a few issues with the weather computer in terms of advancing it, but i will i think we overheated the weather computer. Mark, we appreciate it. We will head now to the south they were about the normal amenities are not open as they usually would be during the heat wave like this. So how are people finding relief . Lets bring in ktvu right now. Joining us live at some of the strategies people are using here and maureen, the change that may be coming. Well, alex. We have to op
Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak
Scale of yemens corona Virus Outbreak which one aid agency describes as an unfolding catastrophe. The u. K. Prime ministers top adviser prepares to speak out after boss johnson defied intense pressure to fire him for breaking quarantine. Im joining us rosco with sports including worrying times for slats enable him a bit she suffered in the killings injury in training with ac milan which could rule him out of the season and potentially end his career. India has resumed domestic flights with the government eager to get asias 3rd largest economy moving again on the same day that it would announce its biggest jump yes a new corona virus infections almost 7000 are india correspondent Elizabeth Brandon reports from new delhi. It is the new normal that indian airports start sanitize passengers bags before they enter the turn. The disinfectants praised just one of a number of new measures as domestic flights resumed passengers temperatures a checked before and after flying masks a compulsory t
Postvirus recovery. Banks leading the s p 500 to a three month high. Level since highest early march and hopes opecplus will eventually rebalance the market. However, divisions are showing among reducers. Producers. Shery lets get a check on how markets are trading. We are seeing some pressure from u. S. Futures, down slightly as we saw the extension of the rally on the s p 500 now at that three month high. Of course we had a report indicating that a recovery it was underway for global airlines. Led bowling higher boeing higher. As. Airline shares surging passenger flights are suspended from Chinese Airlines. 500 and now the 14 day rsi around 59, the highest since january. Optimism right now over and economic recovery. Take a look at what oil is doing. Wti under pressure. We have seen uncertainty over the opecplus deal. We got ape limit every deal to extend output by one month but there is still issues over cheating on output. Saudi arabia and russia drawing a hard line over compliance
Baseball is looking at an 80game season starting in july. Football arrives in september. Disney allowed, what, onethird capacity at its shanghai park and it sold out. While lockdowns continue, they are being challenged most notably by elon musk. Wasnt to op he wants to open his tesla plant in california. The Authorities Say no. Hes going to court and says he will move out of state if the factory stays closed. As for the market, that will open lower. Solid gains recently but a pullback so far this morning. The dow is looking at a loss of 270. The s p down about 30. The nasdaq off about 72 points. Lets get to politics. Big week for that. It is trump versus obama. General flynns lawyer says the plot to undermine the Incoming Trump administration was launched in the white house by outgoing president obama. President trump calls it obamagate. Theres a lot more coming on that one, believe me. Its monday morning, may 11th, already, and another big show for you. Varney company is about to begi