Least for today. Nasdaq pacing for its fifth day in the green markets moving higher. Lets get to bob fast break more on this rally. Hi, bob. It is tech powering the market is choosing to believe the reopening stories will go well the airlines are all up. It goes either way on that well see if we can break out. If we can do that, were back to the levels we havent seen since march here when you have the five largest stocks, the market will be up. Thats a big meg cap rally most of the semiconductors have done well. Nvidia is up 10 microns had a pretty good week they are contributing as well. Not only is it positive, were up almost 5 better than the overall nasdaq but something very important has happened to the etf. Thats the triple q. Its amassed 100 billion in assets thats a very rare number. The etf business about 3 trillion theres only four other etfs that have 100 billion in assets and they are mostly s p 500 related. The spider s p the ishares. Vanguard has one total stock market, a
Order. Order. This is a meeting room set up differently to deal with the reality we all face as a nation trying to practice social distancing and good hygiene. Thank you for coming everybody has disinfected they can use. We have spaced out the room to be as safe as possible for my staff and minority staff , thank you for working together to set up the room. It has been 40 something days since the senate has been able to meet the committee has a lot to do related to the coronavirus but we also have things that are necessary like filling judicial vacancies we are getting comments throughout the country about the vacancies and how they are impacting the ability to deliver justice in various states that we will be as part to that as we can. My democratic colleagues are requesting hearings state and federal and Detention Centers and for immigration purposes we will try to Work Together to have those hearings i am curious myself about our nations prisons and immigration Detention Centers so
We have some breaking news we want to share with you out of orinda this morning. There are reports of an explosion and a fire. Take a look at the map on your screen it happened just before 5 00 this morning not far from the high school. Details are limited this morning. We reached out to officials. Lets show you some video from a resident who said she woke up to the sound of the explosion, came outside, this is what he saw. He was told on the scene by police a popping sound you could hear in the video is a sound of ammunition being set off by the fire. No words injuries or if anyone was inside the house. This story is still developing. We will bring you updates throughout the show. Medical experts say coronavirus numbers for california and the bay area are trending well. 22,416 confirmed cases in california including 634 deaths california ranking number five in the number of total cases after massachusetts surpassed us yesterday. 4867 confirmed cases in the bay area including 133 death
For weeks they were the center of the coronavirus pandemic but now European Countries a star saying starting to see a glimmer of hope daily death tolls and new infections are dropping and so many governments are taking some tentative steps to lift constraints on daily life for example germany reopening some small shops allowing limited School Classes the Central Government though is leaving it up to the leaders of each of the 16 states and germany as to how much they want to reopen and when they want to do it after a month long closure Nursery Schools are now open in norway despite the polls showing nearly a quarter of parents quarter of parents still have concerns and shutters are also lifting across poland denmark in the Czech Republic infections in europe are nearing 1000000 and close 2100000 people have died its. In the planning to collect blood from covert 9000 patients who for covered to help others still infected its hoped those transfusions could increase the speed of recovery
Interesting or not is that it is a reflection of the number of tests weve had. 36 testing positive is slightly higher but that is the number that goes up and down. We will talk about why that may not be the best indicator of what is going on. I think of real interest to me is i look at hospitalization, you see 79 people hospitalized. That is the number that is not that is going up not exponentially but going up on a linear basis, which i think is good news. 17 fatalities is never good news. But again, it is a number that is not going up exponentially. What that means is it gives us capacity to plan and this is following what our modeling has been. And i start with our Health Care System. Our Health Care System is bending but it is not breaking. And that is because we did build in capacity in terms of everything we are trying to do, and that capacity as i have described in terms of other briefings, in terms of the beds, in terms of people, in terms of icu, we are planning accordingly fo