Or a quarter of an inch. Napa about a quarter of an inch, thats just one forecast model projection 50 some attempts, everybody is pretty close here. 51, 52 santa rosa a little more in the rain is cranked up. 30 to 35 and also delta. We have a series of systems on the way, very cool this week. Look for highs today. San jose with the south wind. Good morning to you, steve. We dont have much going on right now when it comes to the commute. Traffic is doing very well, most of the major freeways, we looked at the san mateo bridge and that traffic is heading well. It continues to look good for the peninsula. We will be checking all the commutes today as more people are going back. It is for no one. Lets go back to pam. All right, thank you, sal. The city of san jose has no lifted restrictions affecting many outdoor activities. This weekend, the city reopened tennis courts, skate parks, horseshoe pits, and other sections of several city parks. That allowed people across san jose who have spen
And keeping the beat. For our series a more perfect union, we visit new orleans where sweet music is helping ease the pain. Always good in new orleans. First, todays eye opener, your world in 90 seconds. One day they said we have to close our country. Nows time to open it up, and you know what, the people of our country are warriors. President trump has tweeted that the Coronavirus Task force will continue on indefinitely. Will some people be affected yesterday . , but we have to get our country. We have to get it open soon. Reporter i did ask the president at one point whether if they wanulak a first in new york city, with intense cleaning. There is a direct response to how filthy the trains have become. Who heard of disinfecting a subway car . You may be at home, but guac is still extra. All that i find that everybodys trying a 10 to 12 harder to just be nice. Dont you find that . Not really, no. But im watching no . Cnn all day. All that matters good to see you out of the basement.
Chart for the markets. Obviously we would start there, thats what dan nathan is calling this stock so dan, why dont you walk us through what this is and why its so important to investors lets talk about jm porgen. This is a best of breed bankheading into the crisis. The stock was trading at an all time high. There were a lot of investors out there in january signaling this is a chart representative of the economy that were in, prepandemic, i just have to tell you, this thing has acted pretty horrible on the way down, its down 35 on the year, and that is relative to the s p 500, down less than 10 on the year. The balance off the lows in march was fairly anemic relative to the s p 500 whats important is that investors seem to be focused on the stocks that got us here prepandemic. We know that it was the maga, the microsoft, apple, google and amazon its the bank stocks that are important to look at here. They touch parts of the economy that are going to struggle over the next few quarters
Alltime high. Another Federal Reserve official says he sees growth returning in the second half of 2020 and no need for negative Interest Rates. With lots to come on todays show, well speak with mylans ceo. Well discuss the companys outlook for the rest of the year and whether its seeing a trend of customers stockpiling medicines. And the ceo of Ortho Clinical Diagnostics will join us at the moment we are up 0. 4 on the s p 500. Before we continue, just got to comment, new braackdrop, i love it did you do this by yourself . No, i had some help by the amazing technical staff at cnbc. I think people were sick of looking at my old School Parking meter. Its a great balance between home and work. Cnbc, always with me. Exactly the s p 500 is up about 0. 4 nasdaq up 1. 25, dow is flat. Lets get to the markets as stocks are climbing back from sizable losses at the open all four indices just turned green. Mike santoli joins us with more on todays action. Hi, mike in fact, kind of an extreme exa
Ready for the having sounds like a horror film, but its not everything you need ton about the major event about to take place in the cryptocurrency world. We start with the historic jobs report more than half a Million People put out of work. The market rallied with the dollar ending higher and the volatility index dropping below its 1 hund00day moving averag. When unemployment skyrockets to nearly 15 , do you think the stock market would be down but it didnt. So guy adami, what do you make of that . One would think and one would be myself, absolutely look, i definitely saw the move back to 2790 we talked about that for a while and kudos to tim who i use the word all of the time and the pain trade is higher and here we are. What do i make of it when look wid siquidity is slosg around and its good that were talking about disney later because the markets clearly in my favorite area of disneyland which is fantasy land and at 3393 when the s p 500 made an alltime high we were talking about