Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge problem. Stocks way down. Second tech problem, the top court in europe will restrict the transfer of the personal data of europeans to american companies. They are worried about our surveillance of them. This could severely disrupt big tech operations and big tech stocks are down. While stocks generally are moving lower, especially those technology issues, the dow, we are looking at a minus 180 at the opening bell, down 21 for the s p and really, the nasdaq taking it on the chin. Again, technolog
6263 people have now died in our state with 100 deaths reported yesterday. Hospitalizations are also up almost 3 . However, icu cases are down slightly since yesterday. One area where Health Officials dont want people to go this Holiday Weekends beaches, especially those along the San Mateo County coast. With cases on the rise, new beach closures are in effect and they will last throughout the weekend. Some of the reaction to these closures. Reporter the last thing san mateo Health Officials want a large crowd right now so their message is, if youre thinking about going to any of their beaches, think again. The sign of the times in the air of covid19. Fearing a migration throughout the bay area this weekend, city officials closed all beaches on the San Mateo County coast from sunrise friday to sunrise monday and that includes here in pacifica and Half Moon Bay. They have to do it. Its not going away. The numbers are getting worse. Was turning people away and some were not happy about i
Coronavirus cases continues to rise even here at home kron fours gayle ong joins us live in galle he talked to invent Infectious Disease expert who says that these numbers that hard to understand exactly what they mean. Yeah i can among the experts weve been hearing from a lot saying that these cases and deaths are under reported and thats due to limited testing early on and asymptomatic people. Testing capacity has grown in the bay area and beyond to perhaps the reason why were seeing a rise in covid19 cases and deaths that the case counts are going in the right direction that is down thats good that theyre going up. Well maybe its because were casting but more likely theyre going up because the acres have changed in more people have gotten on wednesday. John Hopkins University reports the nations death toll surpassed 100,000 people since the first u. S. Recorded death from covid19 less than 4 months ago 100 thousands are real watermark this epidemic in the country doctor George Ruthe
And getting back to business in the empire state as a slow reopening in new york today. It is friday, may 15 you are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome wherever you are watching happy friday, we made it here is how money is setting up for the final day of the week. Dow futures up about 75 points we snap a threeday losing streak still the major averages are back late in the week. Dow is down 3 s p off 2. 5 even the snnasdaq is down 2 . Only amazon is higher this week. The russell 2000 has been the market story down 7 coming in today. Watch for a rebound. That index down 26 on the week. Also watching oil. Indicating demand increase coming off the highest close in six weeks. Up 11 and brent crude is back above 30 a barrel hardly a big number but at least it is not in Single Digits or even negative. Global markets in asia the Chinese Markets are down and rising in europe, more tough Economic News as money is contracting but not unexp
Reporter hi there, melissa, with all of this talk about the potential reopening of the economy maybe here in the upcoming weeks President Trump took to twitter today to suggest he is the one who will have the ultimate say when and where that will happen. This was the tweet from the president earlier today. He wrote, quote, it is the decision of the president and for many good reasons, with that being said, the administration and i are working closely with the governors and this will continue. A decision by me in conjunction with the governors and input from others will be made shortly. However the constitution says that neither the president nor the congress has the authority to regulate for any authority rather, to regulate for health, safety, welfare or morality within a state. This afternoon new yorks Governor Andrew Cuomo said governors from the northeast would be working together to form a reopening plan in their area. Each state is going to name a Public Health official for that