Futures indicating gain at start of trading. Take a look. Dow industrials up 38 points on top of rally yesterday fueled by a rise in oil prices. All the major indices higher this morning. Oil prices adding to yesterdays gains as well. Take a look at yesterdays close. Dow industrials up 456 points. Other averages also strong, oil prices this morning 1. 95 at 1573 creeping back higher on oil. Reopening the american economy, lockdown easing in some areas of the country bringing cheers to some and concerns to other including the white house. Most if not all of the economy will open later this summer. Secretary of state mike pompeo meanwhile blasting china and the World Health Organization saying they need to be held accountable for lack of transparency as the focus remains on the lab in wuhan as the origin of virus, something ive been putting a spotlight for months. Meanwhile missouri is filing a lawsuit against the Chinese Government. Attorney general eric schmitt, 7 30 a. M. Eastern on G
The nasdaq up about four points. Yields firmed up a little. You can see the 10year, as equities came up, the 10year about 0. 624 all of this as Energy Prices got stronger the june contract up about 13 now trading at 15. 68. Hard to believe that is a strong level. 15 a barrel is pretty strong for oil when they were paying people to take it from them earlier this week. Time for the squawk planner is it . It is yours, joe. Getting to closely watched jobless numbers. More than 4. 3 million americans are expected to have filed for jobless claims that number rose on the earnings front, well hear from eli lily, blackstone, dominos. Well see if dominos has the same type of positive numbers like chipolte. Nobody eats at dominos intel is reporting after todays close. Now, andrew. Now. You were eager this better be good. You know, im just doing the update on the pandemic numbers as we do every morning it is not good it is not good global cases have risen to 2. 6 million. U. S. Cases 842,000 with
The death toll has increased to at least six after nearly two dozen tornados ripped across the south. One of the largest twisters touched down in southern oklahoma where the entire small town of madill is without power. There was widespread damage to homes and businesses. Another destructive tornado hit southeastern texas north of houston, uprooting trees, knocking down power lines, and slamming into dozens of homes. Turning to Financial Relief for families suffering during this financial and economic crisis. With so many people stuck at home and fewer cars on the road, Insurance Companies enjoying a cash windfall from fewer accidents are now giving back to their policyholders. Bc bory. Kids. T nal that means big cars and big insurance premiums. Their bill, 315 a month for their two cars. But since the shutdown, their needs have changed. We have not moved our cars from our driveway. Theyve basically just been sitting there for almost a month now. Reporter so zero miles on the road, zer
Bay and fog getting thicker around Half Moon Bay and visibility less than 200 feet and we need to be careful there. Breezes shooting through the san bruno gap and they will pick up south of the bay bridge this afternoon and it will clear all these clouds youre seeing this morning. Remember, we talked about how the clouds would come back and they kept us milder. 54 in the east bay hills and most of us in the mid to upper 40s and well stay around 60 at the coast and bay and inland neighborhoods by noon and warmer than average and well take a look at the next. Live news desk update. Its a question that is weighing on many peoples minds right now, when will businesses be allowed to reopen. At the live desk, looking at where some states stand on the issue right now. You saw governor newsoms press conference yesterday at noon and heard all those details. Governor newsom said its too early to set a timeline on opening nonessential businesses. Due to the current situation, we are not prepared
Coast with increasing sunshine and increase breezes today. 69 to 73 with sunshine around our bay and inland neighborhoods. And at 4 00, 76 to near 80 inland and then still 68 to 72 at 7 00. Enjoy. Now on abc7 news live desk update. At the live desk, a question that is weighing on many peoples minds right now is when will these businesses be able to reopen and we can ease up on social distancing measures. Well, im looking this morning at where certain states stand on the situation and if you caught governor newsoms press conference yesterday, yews early to set a timeline on reopening nonessential businesses. He says due to the current situation, we are not prepared for that yet. But hospitals will be allowed to resume scheduled surgeries. Other states are moving faster to reopening. Georgia plans to allow nail salons and bowling alleys and other businesses to open starting tomorrow. The order goes against white house recommendations. I told the governor of georgia, brian kemp that i dis