One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
President trump also made news in this impromptu get together which we werent exactly expecting on a monday morning, saying the coronavirus briefings are making a comeback starting tomorrow from the Briefing Room at 5 00 p. M. Start our coverage with chad pergram who covers capitol hill. Chad, that meet meeting in the oval office set the table for next few weeks negotiations. What are we looking for . Reporter a lot of negotiations will be with republicans, make no mistake on that. Republicans are all over the map on this by there is major disagreements how to do another bill. Treasury secretary Steve Mnuchin said they will be about kids and jobs. Senate Majority Leader Mitch Mcconnell said he will take control to write the bill in his office. There is lot of questions whether he can finish a bill at all. Mitch mcconnell is confident they can. Listen. Begin the process of socializing what weve been discussing with the administration over last two weeks with our members. Were looking fo
Increasing and a countywide head count revealed 5600 homeless and the bulk in oakland. With 859 living in shelters and over 1900 living on the streets. At this point in time, count only confirms what we all know, what we all see and feel every day. Reporter at a press conference, the mayor announced plans to expand a Pilot Program for the homeless from serving 60 to serving 400. As part of the Controversial Program the city provided portapotty and trash collection but there was problems like fires. The city has learned lessons and will open a homeless camp at an undisclosed location this summer. By improving safety and health for our unsheltered residents, we are improving it for the surrounding communitity. This is a good starting point. To have showers and somewhere to throw our garbage in the can instead of just out on the street. Defying stereotypes the census revealed money problems is the main reason homeless are living on the street. Not Mental Health or Substance Abuse issues.
Hurt and treated at the scene. It is not clear if they had to go to the hospital. Well keep you updated on abc 7 news 6 00. Im eric thomas in for dan ashley. And im ama daetz. Homelessness is in in the east bay is skyrocketing but the numbers defy the stereo types about who is on the streets. And the east bay city most plagued by a homeless crisis, leslie joins us from oakland. It is more prevalent and noticeable in oakland according to a census just taken by the nonprofit everyone home. They say that more development is pushing people out of hidden corners, out of back alleyways and out into the open. Reporter city crews dumped two blocks worth of discarded clothes and broken bikes and mounds of garbage from under interstate 980 today. As far as cleaning up the sidewalk. And what are you going to do after they finish the clean up . Move back. There is nowhere else to go. Reporter homelessness is increasing and a countywide head count revealed 5600 homeless and the bulk in oakland. Wit
Fire officials he pulled in after the bus started overheating. When you open up the hood, he thought it was overheating. He walked into the gas station to have a mechanic come out. In the period of time he walked away, smoke started to fill the front of the vehicle. We noticed there was a fire. Reporter the under countrified dryer unidentified driver caused panic for some in the area. We need to evacuate. The gas station is on fire. We left the building, heard an street. And got out of the way. Saw this big column of smoke. Reporter it couldve been disastrous. Immediately i went outside, pushed the shuttle bus. Reporter chevron assistant manager christina bus tours turned off the gas to the pumps avoiding a monstrous blaze. The first thing youre going reporter employees and customers were ordered to leave control the flames. The bus was a charred ruin. You can tell that the bus is totaled. Reporter in fact, it was. Im told the driver had just picked up the vehicle so no passengers were