Its possible we have gotten too disconnected from the fundamentals. The dow and others are on their way to the best quarter since 1998, and for the nasdaq, it will be the best quarter in decades. That is happening at the same time the corporate corporate profit outlook continues to deteriorate, now trading at 22 times forward earnings estimates it will be interesting to see how we rerate in the next couple of weeks when we start to get major results. Thank you for that markets a deep dive. Players are missing out on wimbledon this year, the usda usta is getting ready for flushing meadows, except without the 850,000 spectators who attend the event. And novakemain djokovic announced he has tested positive for covid19. Is the u. S. Tennis association ceo. You have been coping extremely well with the coronavirus. You have set aside 50 million to help in grassroots efforts. Give us a little bit of detail about that. First, thank you for having me on. We realized quickly our sport was in tro
The highest in the world. Has more from maryland just outside washington d. C. This is exactly what Health Experts warned could very much happen when these states reopened they basically just flung open the doors to bars restaurants the beaches were packed and you saw at that time Health Experts said this would be fine for a couple of days but in 2 weeks youre going to see the extent of this because it takes the virus so long to show up now were seeing and especially with younger people and that is new before this was mostly a concern for the elderly our people with preexisting conditions but now a 3rd of those hospitalized in some of these states are 18 to 49 years old so now youre seeing some of these states florida texas trying to roll back restrictions a little bit theyre saying things like restaurants can open it half capacity bars have to shut down some or outside recreation has to shut down but at the same time theres a pretty broad question about how affected this is going to b
Reporter more than 1,000 inmates and staff are infected with covid at san quentin, one officer expects it to double. Reporter alameda officials discuss Public Safety after man was pinned for dancing in the street. Booms and bright lights closer to home, as we count down to july fourth weekend, how plan to stop illegal fireworks. What you can expect for the Holiday Weekend coming up, abc7 news starts now. Announcer building a better bay area for a safe and secure future, abc7 news. In a bar, moving around, drinking. Masks off, close to other people. Covid19 watchlist is longerg 19 counties now hit hard by coronavirus. Bars and family gatherings is the biggest concern as the state urges californians to help contain this pandemic. At some point might mean enforcement. Gyms closed. Bars closed. Indoor dining still out of the question in contra costa and alameda counties. 168 new positive cases, biggest increase since the start of this. And santa clara still clara a track to open later this
Alameda counties. 168 new positive cases, biggest increase since the start of this. And santa clara still clara a track to open later this week. Been frustrating. Waiting since march 16th. Billions of dollars on the table, time left for businesses to sign up for Paycheck Protection Program runs out tomorrow night. Good evening. San quentin is center of the outbreak, more than 1,000 inmates and 100 Staff Members infected. There is a court order to test all by next monday its so bad. Kate larsen. Scared. Reporter spoke to us by phone about her 29yearold son who is inmate at san quentin and tested positive for covid19. Taking his temperature, only doing it every three days he was saying. Its like they dont care, not giving him cleaning supplies, letting him take showers, hes using bar soap to wash his walls. Reporter cases exploded, 29 of the inmates and staff have tested possible. California Department Says that i gave inmates masks, are monitoring sanitation and hygiene and modified sho
Imposed quarantine periods for travelers from other states with a high infection right we worked very hard to get the truck viral transmission rate dam we dont want to see it go up because a lot of people coming to this region and they could literally bring the infection with them the. Infection rate formula will be 10 per 10000187 day rolling average or 10 percent of the total population positive on a 7 day rolling average so any state that has an infection rate above that would require a 14 day quarantine as of today the states that are above that level are alabama arkansas arizona florida North Carolina South Carolina washington utah texas thats as of today. Mr cuomo mentioned florida which is saying one of the biggest surges in the number of new cases the governor has defended his states reopening plants and resisted making masks mandatory but on wednesday Rhonda Santas acknowledged the severity of the numbers what were seeing in florida is really Rapid Transmission in that 18 to 3