For joining us here on kron 4 news at 5 im Justine Waldman there was a Big Development coming out of the Governors Office today. Hundreds of hair salons and barbershops now have the states okay to reopen their doors but whether or not those businesses can do so will ultimately be decided on a county by county basis. And as kron fours theresa stasi reports, not all the counties here in the bay area are qualified. Along those lines. They will be able to add and barbershops and hair salons to those regional variations. California governor Gavin Newsome making that big announcement tuesday that some counties in california can allow clients to book appointments once again. In the bay area that does not mean the 6 of the core counties such as San Francisco alameda. Our Contra Costa County. But in solano and napa county. They do meet the metrics presented by the state and so that means the close signs well be flipped over never got over this long in my lives so. Im ready to go back all the gi
It is the unofficial start to summer but this memorial day weekend will look a little bit different and officials want it that way there are new restrictions at beaches and restaurants that are in place with the hopes of preventing the additional spread of coronavirus as nadia romero explains local and federal leaders want all americans to follow the rules. With the unofficial start to summer underway across the country. Its also the start of potential new era and the fight against the coronavirus millions of americans are expected to celebrate memorial day weekend holiday by taking advantage of some open beaches and restaurants as all 50 states have lifted some level of restrictions local officials are laying out specific requirements for beachgoers what we want everyone to do is to help stop the spread but making sure theyre maintaining the executive orders for 6 feet apart and then more than 10 and the crowd. Also on friday President Donald Trump deeming all places of worship as ess
And we are out of time we hand it over to melissa lee coming up on fast, follow the yellow brick road, that is the message from the chart master, why carter worth is betting on bullion. Payment problems, the analysts call square tumbling today, and later. One more big uptick, i dont know whats doing it. We have a major trade update from davy day trader. We start off with a big market rally. The s p posting its highest close over 2 months. The nasdaq now up 3 in 2020 a far cry from where we were just a few weeks ago do you believe in this rally, guy . Hi, mel hi, guy no. I dont believe in it at all ive been wrong now for the last couple weeks this move from 2800 has me scratching my head consistently, the paint trade is higher not only was the open of a vaccine the 60 minutes piece with joer oem powell which was somebody like me, stomach turning, when asked, where are they getting this money from, thats one way of putting it, that was a lot of this as well i see what happened today, i g
Is life with more. The white house put huawei on the blacklist a year ago, but the administration is still worried that it is relying too heavily on u. S. Technology and on u. S. Software so today the white house is tightening the restrictions around a supply chain. Companies will now be banned from providing huawei with chips made using American Parts or American Design unless they receive special permission from the commerce department. Of course, this also applies not just to huawei, but also to its affiliate including its inhouse chipmaker silicon and it comes at a time when the white house is trying to blame china for spreading the coronavirus. Just today this afternoon President Trump told reporters that he is not thrilled with the possibility that china wont fulfill its obligations under the phase one trade deal and on this move against huawei, the president does have the backing of the gop china hawks on twitter senator rubio said the u. S. Has to take strong action to cut off
The big boet on bitcoin thats got everyone talking. But first, we begin with a trip back to the future for the markets and this was flagged by our own dan nathan a year ago today it was trading at 2900 and basically back to that exact level and lets fire up the flex capacitor to see what life looked like and wow, the world would change this time last year the s p 500 would trade 17 times pe and the tenyear note, and unemployment j was just over 3. 5 and Flash Forward to today, it is trading 20 times, and the yield. 6 and unemployment is projected to hit 16 and gdp is negative for the first time in over a decade. The world has been turned upside down and the market doesnt steam to care. So if youre an investor, should you make like a tree and get out of there i am told thats a funny line from the movie youve never seen the movie i saw it. The movie was released in the summer of 85. I think i turned 50 that year. It dawned on me as i listened to your intro the economy is george mcfly. Th