And the governor is deploying the strike team to the streets to make sure businesses and people are playing by the rules. I dont want to go out ofz bbut i dont want people to die either. Reporter shutting down for a second time, the bay area businesses shut down in a tough spot. They just reopened and now they have to close again. Governor newsom ordering shut downs of bars, restaurants and other indoor businesses. And three right here in the bay area. Here where Business Owners are stunned that their lifeline has been taken from them again. Reporter the relay is the oldest bar in vallejo. Loyal customers getting their final drinks in before their drinks close for a second time. Im all for it. I wouldnt want anybody to get sick because we did something wrong. Reporter the governor put out new guidelines today. Certain sectors of the state we are requiring to close their indoor operations due the spread. Reporter the governor has a watch list comprised of 19 counties, and hospitalizatio
Of a point, call that flat. The gains in the techheavy nasdaq are way more interesting in this final hour because they come about an hour and a half after the department of justice hoisted a sword of damocles over the social media sector. The doj has proposed new legislation that would make Silicon Valley giants from twitter to facebook to google liable for content thats posted online that violates federal law. Our floor show traders are here to tell us if doj danger is now the cue for you to take your tech profits and run. The Housing Market in full bloom as States Reopen and wouldbe homeowners resume their quest to fulfill part of the american dream. The ceo of mortgage Lending Software giant reveals what hes seeing in the Mortgage Market as rates remain at historic lows. Time to refi . Well ask. General motors flips the script from making cars to transmissions to medical supplies needed to fight the coronavirus pandemic. How about that. Well, the chief engineer running gms productio
Left in the session. Yeah. And, of course, it is that holiday shortened trading week so were watching this closely coming up on the show tesla shares surging up another 8 on the day. Tripled in the last six months were going to break down that move with former ford ceo mark fields and the Treasury Department says it has finalized terms of new loans to major American Airlines well speak with the ceo of Hawaiian Airlines in few minutes as well. Lets focus in on the big stories were watching in general today. Mike santoli is looking at market valuations with the dow above 26,000 Steve Liesman is breaking down todays better than expected jobs numbers and how to square the conflicting messages were getting about the economy. Meg tirrell monitoring cases weve seen in some states which dampened Market Sentiment when reported and Kayla Tausche is standing by for disclosures about who received billions in emergency aid from the government, but mike, first lets go to you. We have a tidy little r
A huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department and the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now the greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary Kerry Stephen minucci and the airlines that will receive the funding include Alaska Airlines Allegiant Airlines American Airlines Delta Airlines Frontier Airlines Hawaiian Airlines jet blue united sky west and Southwest Airlines now conversations continue with airlines regarding their potential participation now thats of c
A lot of people have been led to believe that at some designated time some magical time we will all receive some type of signal like that from authorities and everything is just going to go back to normal folks thats not going to happen in fact nothing could be further from the truth and ill give you an example the spanish flu of 1800 came in 3 different waves and it changed the world 1st of all it went on for 2 full years it changed how people lived and it also changed the business of health care with governments all over the world realizing it needed to somehow be a little more centralized so im bringing this to your attention today because Gavin Newsome the governor of the biggest state merica has come out to explain for the very 1st time how our lives will change because of the coronavirus this is important stuff right one example he cites get this. Yes we will be able to go. Again and to restaurants but only after your temperature is taken before you enter the restaurants just lik