Of the coronavirus, the slow sometimes bumpy reopenings across the country, to say nothing of the protest and a lot of people on wall street say hey you arent jiving with whats happening on main street and then low and behold we get this stunning jobs report that changes the equation and has people thinking that you know what . Maybe the markets have been right all along as they again tease record territory, virtual ly all of the s p 500 sectors are advancing right now, and the rate on a long bond here a 10 year note as is better known, man oh, man thats practically hyper inflation. Were just around 1 ,. 93 who would have thought a year ago if i were to give you a quote like that that id say it is rocket ing backwards, but it is, especially from where we were, not too many weeks ago remember we were darn near 0 they were talking about negative rates. Were not out of that mathematical woods here but it does change the overall sense of where were going with this market. Jackie deangelis
Thankfully firefighters were able to save it. That fouralarm fire destroyed a warehouse at pier 45. That housed the ss Jeremiah Obrien historical boating groups and crabbers. Nearly 150 firefighters responded to the scene and abc7 News Reporter Cornell Barnard is at pier 45 live for us and has the latest developments. Cornell was are you seeing and hearing . Reporter hey, liz, we got an update from the Fire Department. They say the fire is close t co where as you said 150 firefighters have been battling this blaze since about 4 15 this morning. The fire broke out in the rear of the pier 45 warehouse where Fishing Companies, the blue and gold fleet and the ss Jeremiah Obrien have offices. Flames shooting into the morning sky. Smoke could be seen for up to 15 miles away. Luckily, no injuries have been reported. A San Francisco Fire Department fireboat was able to save the historic world war ii liberty ship Jeremiah Obrien from ruin and told some peeling paint was the only casualty there.
We cannot allow the righteous i cannot speak to his motives morning about who is behind cries of Peaceful Protesters to because he did not consult us. He did not warn us that he was those part of the protests questions from Law Enforcement, be drowned out by an angry mob. Coming across the street to the questions from the Peaceful Protesters themselves. Were going to dig into that church this half hour. Hoda all right, craig and as tear gas is used to clear in the midst of all thats demonstrators for a president ial photoop in front of a happening right now in our savannah firedamaged church. Country, in this city meantime, a public memorial is just ahead our interview with a especially, whats the churchs bishop who says she is outraged being planned for george floyd by the president s visit message right now . What do you want people to know . In minneapolis on thursday were seeing two new autopsies yes and in minneapolis, George Floyds brother makes an and they differ on the details
Stephanie sierra has been tracking this for weeks and she joins us with the latest. Stephanie . Congress has single out quantum corporation, a Data Storage Company based in san jose for refusing to return 10 million in federal funding. And as of today, its not looking likely that will happen. If there is anybody out there that misuses this program, we will find you. This is House Minority leader Kevin Mccarthy nearly a month ago. The congressman urging big Public Companies to return federal funding intended for small businesses. You will not want the reputation that you will soon get if you take advantage. But it appears that warning doesnt cushion quantum. The data storage giant someone of five u. S. Companies singled out by a congressional select subcommittee that quantum return funds immediately and clearly pointed out the company that has a market value over 150 million doesnt meet the qualifications to be eligible for the help. It is possible that they will get in trouble. I spoke
Thats unbelievable. Bob has more on whats driving the action bob. Thank you were seeing some rotation today. Its about time and thats a really good sign for the market. Well see if that holds. These things come and day. The banks have been drooping a bit. Nn energy, first rally really in a month. Tech is sort of inline today thats interesting i want to show you something health care is lagging nap was the Leadership Group this the the rotation im talking about. How about tech tech is up its an interesting form of tech its Old School Tech hewlettpackard is up nice today. Xerox is rallying. Corning is rallying. Thats old school stuff. Hoe about the megacap stocks the big five names theyre up i want to point out, they were very late to the party today those stocks were all flat at the open a lot of people are offsides today. Look at the estimates out there. Theres been some conneequity ad mutual funds that tells you a lot of people are not very optimistic. 2939 that was the old high at te