Several of whom will participate remotely. I will come artisticpa wish panl of witnesses. I thank them for a period. Today we will hear from mr. Steven berry, president and chief exec of Competitive Carriers Association paid ms. Shirley bloomfield, chief executive officer of the ruralhe broadband association. Mr. Dean kimmelman, Senior Advisor of Public Knowledge who will be appearing at testified remotely and mr. Jonathans vulture, president and chief executive officer of u. S. Telecom broadband association. The crisis has changed lead dramatically for every american. As the administration and the center for Disease Control and prevention encourages social a distancing to prevent further spread of the virus normalia activities like work, school and Health Care Services are now increasingly taking place online. This has caused a huge uptick for the use of broadband in one estimate shows that every Broadband Usage is up by 47 since the pandemic began. The good news is theres been progre
I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
And we have a large response from cal fire and county task force so about 120 firefighters are assigned to the scene. Reporter the fire started at 12 20 along santa teresa boulevard near bailey avenue. It took cress about two hours to stop the forward progress of the fire. More than a dozen homes had to be evacuated. We spoke to a neighbor as she arrived at the scene. I thought what am i up against. When i saw that our blocks were you know, being protected by police and cars are backed up, i am truly frightened one firefighter suffered a heat related issue. Neighbors thankful for the work of First Responders. That was chris nguyen reporting. The cause confident fire remains under investigation. However, there were initial reports of a vehicle colliding with a power pole in that area. Pg e says up to 1700 customers were witho pow tteoon. Ght ch for hotpoontra coa fe of not gone up yet. Most residents are looking for ways to keep cool. Eric thomas is live in walnut creek with the story.
Can the consumer hold up the economy . Or will a Strong Economy give the fed cause to raise rates one more time . Kelly . That is the question. Lets get a check on markets, tyler. Because we changed direction once again. Perhaps because of that concern about another fed hike now. The dow is down 77. The s p 11 both quarter percent drops. The nasdaq down under more pressure down half a percent. Is it rates or the fact that the chips have been one of the weakest trades today. Share of nvidia falling after the u. S. Puts new trade restrictions on chips exported to china. Its specifically targets some of nvidias most cutting edge products. Those shares down 5 today. More on that in just a moment. And activists are getting more active. Engaged capital built a stake in the company up 13 . Down 33 for the year. Wyndham hotels says its rejecting a takeover offer from choice hotels. Wyndham saying the deal involved significant Business Risks a nond in the best interest of shareholders. Wyndham
Well that type of Service Diplomacy needs to fulfill those of wasnt that tough . Sure. So thank you so much for diamond and auntie. I just dont think this is it. Is there any authorities have come from that . At least 100 people have been abducted and a county being held captive in gauze now this weekend has turned into a nightmare. For many is very families of wanting the following images of some of the big things are the study for the 2 of a rotating to a Music Festival that was being held near the gauze and boulevard in these what a time of ray in the road is the way the binding calls on the dead off the how much missing entered a county paragliding into the sites. So im confident goes to pull the hiding in that cause pretending to be dead for hours until the idea of rescue forces arrived. A witness competed in video, the minutes of shooting on the road again, we before noon, disturbing images, all right. Haines images, all bodies of those who attended the festival of near the gauze