Waste. Thats why the tech heavy nasdaq rallied when the dow tumbled 226 points and the s p 500 back slid sure, the tech titans respect crowing about it, that would be in bad form. But when you look at their numbers, versus the economy, gdp down over 9 in the Second Quarter, lets call that the worst ever, with 17 million continuing jobless claims. It feels like the old economy is lost the house of pain is the new companys gain. The house of pleasure at the very least, the cloud and communications have gotten a massive windfall here. Digitization pulled through by two, three, four, five years look at that 7. 4 billion revenue amazon reported. Theyre like the amazon mint, because people dont want to put themselves at risk bishy shoppig in person. Amazon is the answer to the pandemic every day some pundit comes out here and argues that the Federal Reserve is propping up the economy by keeping Interest Rates low. They tell us its a bubble they tell you to ignore it they imply the gains in t
And a hero come along there is certainly a we will introduce you to the possibility we face a second sheriffs deputy who ran toward wave in the fall that could be bigger than the a burning truck to save that first wave reporter and the first wave driver just in the nick of time. This morning, another 1 1 2 with 120,000 dead isnt even over yet million new jobless claims are tom costello, nbc news, washington this morning new fallout from expected, but well tell you the skills employers are looking for most when hiring these days. President trumps saturday Campaign Rally in tulsa. Early today starts right now the Washington Post reports dozens of secret Service Agents good morning and officers are being ordered im Frances Rivera and im phillip mena. To quarantine in their homes for the nationwide outbreak of two weeks after providing covid19 is taking on a new protection for the president this comes after it was revealed trajectory nearly 2 1 2 million americans that six members of trump
Good morning, everybody. Welcome to squawk box here on cnbc but this comes after a backdrop of a pretty big decline on friday on friday the dow was down by 700 points and this morning its up by 200 points you have the s p up by close to 20 points and the nasdaq up by 26 but we are getting to the end of the month and thats when we start to take notice of what has been happening with declines that we saw on friday push the dow and s p 500 into negative territory for the month of june. If they want to make that up they have two trading sessions left before we get to july so over the next two days the dow would have to make up 1. 5 if it wants to be positive for the month of june. S p would be up 1. 2 its up by 2. 8 . Lets take a look at what has been happening with the treasury market the treasury yield the ten year is the one that we always pay the most attention to it seems to be yielding. 645 . And i think he is going to have interesting things to say too in terms of trying to put it i
A 4yearolds birthday party. Vallejo police say a group of shooters drove upro0 last ims. Women w the thr other p sho svive. And Police Say Three of them are vallejo residents and two, including the 10yearold shot, from benitia. Police have no information on the suspects, at least that theyre sharing with us right now. And breaking news in paso robles. A shelter in place order is in effect in that town in San Luis Obispo county after a sheriffs deputy was shot this morning. We got new information deputies believe this was related to a homicide in the area. A body was found on the Railroad Tracks at about 7 00 this morningment a man considered an or 30s and opened fire on thee. Deputy who is in serious but stable condition. He was air lifted to a trauma center. Avoid the area of downtown paso robles. Im anne makovec. Back to you. New at noon, Sexual Assault survivors of a bay area swim coach sentenced to 40 years behind bars say u. S. A. Swimming did not do enough to protect them. Six wo
Means were a one on the storm impact scale and good morning, everybody. Best into the north bay and Santa Cruz Mountains and we see a little scattered activity between napa and heading over towards santa rosa. Heavier rain and better radar returns up around cloverdale and more just off the coast. That is going to move in. And thats going to mix with a little bit of fog up there and definitely our most interesting weather across the north way so far this morning. Heres a look at the exploratorium camera looking back to the west over mostly cloudy San Francisco where mist is hanging in the air. Mid up toer 50s and well hit the 70s away from the coast and near 60 there with a chance of scattered, light showers. More on the weekend forecast coming up. Heres reggie. Thank you, mike. Were all going to have to adapt to a much different world. Abc7 news is committed to helping us get through this. We are covering four major areas. Were talking about our workplaces, our economy, our health and