The damage is only beginning to be uncovered. Local ranchers are stepping in to help with heavy equipment. In the east bay sky 7 was over the floor store this afternoon where the rain caused extensive flooding as you can see. People working there could only stare at the amount of water at their feet. They couldnt believe it. And in foster city a tree uprooted and nearly crashed through the roof of foster city landing Apartment Building in foster city. The tree is blocking access to several garages. Good evening. Im dan ashley. And im ama daetz. Thank you for joining us. Lets get right to abc 7 news meteorologist sandhya patel for whats happening right now. Sandhya. Yeah, ama and dan, the storm leaving behind a path of destruction. And as you take a look at live doppler 7 not done yet. The focus has been since this morning right around the big sur area, the Central Coast, you will notice some heavier rain right around morgan hill, gil gilroy. As we take you back in time the last few hou
And experts warn too much celebration could trigger a 2nd coronavirus wait. Welcome to the business i want to get jones and berlin good to have you with us the United States and to google i headed to Court Washington has filed an antitrust lawsuit against google accusing the company of illegally using its market power against its competitors the government says google has borge its success by paying a mobile phone makers and others to make it the default search that engine google controls about 90 percent of global web searches its the biggest challenge the u. S. Has launched against the Tech Companies and a landmark case against microsoft and that was back in 1998. So lets get some analysis on this now from our financial correspondent Chelsea Delaney in frankfurt chelsea. Please tell me i mean so what exactly is illegal about googles business model. Its no surprise that google is seen as a monopoly here but what the government is alleging is illegal is the way that google has attained
It to such a pleasure to speak about your book try washington and we the people. Im going to get into the idea of revolution, you say in the book america has been through divisive. Before some followers that we are living through today, with the hindsight of history, we can see them as inflection points, the transitional period between old system that is broken down in anyone with information, are we at an inflection point, absolutely, we are right in the middle of it, to the best example, in 2016 the republican primary, it was a real civil war and the Republican Party that the establishment of republicans represented by jeb bush and others did not get the nomination, did not get the support of the other people, those revolutionary donald trump, the democrats are going to the same thing right now, theyre having a civil war in their party, is it going to be the traditional democrats, is it going to be some outsider, socialist, i think that is indicative and the fact that it just doesnt
Points the s p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5. 5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning its down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. Setting a new high every one of the closes. The s p is less than 1 from its all time high. Its up back in february the treasury markets youll see right now. The treasury yields are where they have been the ten year is at 0. 556 . Melissa. We have an update on the pandemic the United States surpassed covid cases. It took just six weeks for u. S. Covid cases to double. The growth appears to have leveled off at an average of 54,000 per day over the last week in College Sports news over the weekend the mid american conference scrapped its all football season delaying all fall sports until the spring of 2021 the logistics were too complicate
Exists, goes. Meeting,he big fed take a look at the 10 year we are down to 58 basis points, going back with that handle. Earlier in march when the 10 year dipped below 50, a strategist said, i am no longer writing about the 10 year because it is nonsense at this point. I push this story forward to see what the fed has to say about this. Caroline lets push it forward to next week and get jonathans perspective. How are you looking at a week where we headed bloomberg . Next week, we get big earnings. Where are the areas of the market that are unloved that could be opportunities . Jonathan if you look at one area that is interesting, it is going to be the financials. If the economy is better, if we get a vaccine earlier, it is going to be that group that is going to either continue to anchor the market lower or if this does relieved to the upside , that is a group that could do better and there is a disparity between credit spreads, which are saying, no one is defaulting on a loan, everyth