Blake burman as usual following latest from the administration. Well get Lauren Simonetti on the markets as well. Edward lawrence reporting on Small Business from washington. But blake, we start with you. Reporter hi, there, connell, after initially canceling the 5 00 Coronavirus Task force briefing earlier today as the white house did, they put back on the schedule a News Conference with president of the United States in the rose garden next hour to unveil the new testing guide lines that the white house says will be in place come may and june. The white house says that they will be giving all 50 governors everything they need to test at least 2 of that states population. The guidelines call, for example, the acceleration of the research and development of diagnostic tests, the development of Rapid Response programs, the federal government acting as supplier of last resort for the states, implementation of what they say would be a vast monitoring system. Along with Antibody Tests to h
A similar loss on the s p. Big loss on the nasdaq composite. Why the nasdaq down so much . Well, just look at this. Big tech being taken to the cleaners this morning. Start with apple. Look at that. Its still a trillion dollar company, way down this morning after its Financial Report late yesterday. Ive got more on all this. Amazon, huge drop, down 120. They are plowing their profit into coping with the virus. Microsoft, not much impact from the virus but its caught in the downdraft. Microsoft is down nearly 2 , 3. 46. Next case, the political news. Topping that this morning is joe biden. He has denied a Sexual Assault allegation. He says quote, this never happened. Ive got more on that in a moment, too. Got a big weekend coming up. Texas opens up a lot of businesses. Who will go to the store, the barbershop, the restaurant . Thats going to be a pretty good indicator of the urge to get out of the house. In california, the governor has relocked down the beaches. How will that go down .
Napa airport is 51. Theres a little bit of a breeze. Not strong. Similar to that we had over the weekend. Neak by to the north. Its all High Pressure after today start to go burp the temperatures up. Today is a little bit below average on the temperatures again. Sal is here, lets see if theres anything new going on in the 5 00 hour. Good morning, sir. Good morning to you , steve. Its nice and quiet. Just the way that we like it. We can see that traffic is okay if youre driving on the bridge, it looks really good. Heading out, theres no major issues on the bay area bridges. Seems like more people are out there, but it dud not seem like theres any traffic jams at the moment. 5 01. Back to pam. Thank you, sal. Police in dan say that a gunman dressed as a Police Officer carried out the worst mass shooting. 16 people die in a 12hour shooting rampage. It started in a Rural Community where several bodies were found at a home. Now, several nearby homes were also set on fire. More bodies were f
Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the oil market. Stocks, they are going up, too. Reopening is popular with investors. Look at this. Lot of green, lefthand side of the screen. The dow is going to be up about 300. The s p up 36 and better than a 100 point gain for the nasdaq. Yeah, tuesday, may 5th, a positive tone today, if you ignore the everwhining media. Varney company is about to begin. Stuart lets get right at it. We will bring you an update on the reopening of the country. California and new york, both outlining their plans.
This is getting to be pretty cool. Unfortunately, you know, the reason behind it is not and well talk more about that coming up. Let me focus in on the weather. A little bit of a storm trying to roll through. Youee the looks pretty impressive. A lot of it not making to the ground. One of our returnsou 27 head towards Pleasant Hill and also lafayette and walnut creek and over towards concord and this will keep moving north towards highway 4. Down in the south bay pretty cloudy here and 55 degrees. Temperatures low to mid 50s this morning and hang out in the 50s through noon and a few 60s away from the coast and not enough for a storm impact scale. Lets get back to reggie and more news. Mike, thank you. Starting this morning an entire community here in the bay area will be tested for coronavirus. That is regardless of the Contact People have had symptoms they may be displaying. Lets go to luz starting this morning belinas will offer a free covid19 test to every single one of their 2,000