At 8 30 a. M. Eastern. Major retailer reportedly ready to file for bankruptcy. Commerce secretary wilbur ross will join me in 30minutes time. Markets look like this, fractional gain at the start of trading, dow industrials up 13 points and s p half a point and s p nasdaq up in 22. Dow trails finishing up 377 points, the nasdaq was up 32. Headed for third consecutive week of declines. Controversy is growing in general flynn case. Calling for fbi report that officials claim have vanished. Mornings with maria live. Global markets look higher across the board. Cac quarante is up 34 and dax index in germany up 179. Bank of england governor Andrew Bailey says negative rates are not being considered this following comment of jay powell this week and Germany Economy shrinking 2. 2 in the First Quarter. In asia markets were mixed. More signs of slowdown in china overnight. Retail sales there for the month of april were out, they were down 7 and a half percent. Then there was industrial output s
Suns up here shortly before 6 00 a. M. And find a warmer and brighter afternoon compared to yesterday. Low 60s along the coast and around the bay and inland, feel much warmer in the 70s. Even warmer weather is coming in for the upcoming holiday weekend. Well detail that. Big news out of the north bay. Napa county just got the green light to move further into phase two. That means sit down restaurants, shopping malls and other businesses can now reopen. Our effort to build a better bay area focuses on four key things the reopening of the counties is a key part of the bay area recovery. Lets go to Amy Hollyfield with what we can expect today. Amy . Hi, reggie. They just got this approval at 6 00 last night. Restaurants can now reopen here in napa county. You can just imagine the food orders Restaurant Owners are placing right now. The county meets all of the states requirements to open early. This is before the rest of the state. Wineries and their tasting rooms cannot reopen. County off
Under an hour left in the session. Lots coming up on todays show a big exclusive interview with bank of americas ceo. Well get a read on the Small Business relief program. He joins us live in about ten minutes time plus as retail bankruptcy concerns swirl, well speak with the president of sax fifth avenue about whether customers h actually return to stores when doors do reopen but first, lets focus on the big stories of the day. Mike is tracking the market pullback on this first day of may. Josh is covering apple diedra is watching amazons move and phil has the shocking tweet from elon musk that sent teslas shares tumbling. Mike the s p 500 down almost 3 today. About 3. 5, 4 from its highs just two days ago. Look at a chart. Just to map where we are down about 4 we had broken on a shortterm basis the uptrend from march i dont think anyones going to get too concerned about this unless it goes deeper than at least 2550 week and a day or so ago, last tuesday, we were down around 2730 so w
Soccer leagues to return to the pitch plus the delicious way to say thank you one couple of bolivia showing their appreciation to essential workers baffling the fires. Hello im terry martin welcome to the Program Germany is taking steps to reopen the economy and further ease restrictions on public life those measures are expected to be announced today after a chance of going to medical holds a teleconference with heads of state governments a draft decision warns however that a new spike in factions could lead to more lockdowns its been 100 days since germany 1st came for germanys 1st confirmed case heres a look at how the outbreak has unfolded as berlin takes careful steps to reopen the country. The president of the Public Health agency who instituted had good news on tuesday only 685 new registered cases in germany since monday. Its our goal to protect the population from covert 1000 in the best way and that has worked very well in germany so far as you can tell from the latest figure
Green. Were currently holding onto some gains despite the miserable number out of adp, 20. 2 million jobs lost in april looking at commentary from disney and gm on various stages of reopening in shanghai, here in north america and the nasdaq continues to confound some of the bears as it is less than 1 from going positive for the year. Its actually pretty incredible and speaks to how defensive those megacap tech names have been viewed to be by investors in the market and for good reasoning looking at what weve seen so far where earnings are concerned. The other thing to keep an eye on is crude prices after five Straight Days of gains you have futures up 28 for the month of may so far. Those coming up because of the u. S. Private payroll numbers, that 20 million plus drop in april, which was not unexpected but still obviously so painful, especially when you put it in context of being the worse jobless in the history of the adp report that as you balance the daily data that shows decrease