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
Today america reported a record high 136,000 new cases. Its the seventh consecutive day with 100,000 coronavirus cases nationwide and now, every state in the country is reporting an increasing number. Texas just became the first state with 1 million cases. In california, not far behind and at our current rate, well reach 1 million cases by the weekend. Bay area counties range from the best to the worst among the color coded coronavirus restriction tiers. San francisco is the only in the best category, yellow but preemptively going to shut down indoorining friday night as a precaution. Yesterday contra costa and santa cruz moved backwards from orange to red. A spike in new cases in napa county has Health Officials worried and for very good reason. Those numbers are rapidly moving in the wrong direction and could send napa county from the orange tier to the state most restrictive purple tier if things dont turn around. Cornell bernard found many people are suffering from coronavirus fati
Record high after a global meltdown melt up on monday. Futures are pointing lower. The cash trade tray is less than an hour away. Hong kong on notice. Microsoft joins google, facebook, and twitter in pausing government user data requests. Tiktok also pulls out of hong kong. The risk rally pauses. Equity markets and futures trade grow aboutncerns rising coronavirus infections. Bloomberg learns that Deutsche Bank and google are planning a 10 Year Partnership on cloud and tech investment. Computing and tech investment. Just under an hour away from the start of cash equity trading across europe. Futures are down right now. We see losses on ftse futures of 0. 5 . About 0. 6 . Es, futuresxx you choose down about 0. 7 . Yesterday we got germany factory orders, missing the mark. Coming out at a 10 gain compared to a 15 estimate. Now we are getting german 7. 8 . Rial output rising that is the month over month figure. The estimate was for 11. 1 . Dataagain, german economic missing the estimate,
Coronavirus Task Force Meeting about issuing a blanket order for the entire country, but mister trump is standing fast saying its up to each state to determine how to handle coronavirus. In every state in this country. First we got to see a governors done with it doing theyve been doing a great job because were close to 90 anyway. States and were talking about. Not in jeopardy. Now i would leave it to the governors. And that decision comes on the same day where we saw the deadliest day in the u. S. During this pandemic 1423 people died today. We have more than 7100 deaths total and 277. 1000 cases in the u. S. New york far away the hardest hit state. There are nearly 100 or the just over 103,000 cases there and nearly 3,000 deaths in new york state and there are new guidelines tonight from the cdc on how americans can protect themselves while continuing social distancing guidelines. Nadia romero has thlatest now from washington. In fridays White House Coronavirus Task Force Briefing an
4 and we are told why the Highway Patrol believes this was an intentional act. Reporter the chp is searching for a suspect, who they say launched a brick 80 feet off an over crossing carrying a grandmother in front of her grandkids, this happened around 9 30 in concorde where highway 242 connects with highway 4. Officer brandon with the chp says the woman was in the passenger seat of a volkswagen jetta. Her 20yearold grandson was driving. Two younger grandkids witnessed the horrific incident from the backseat. Presumably they are just going home, and then there is crazy loud ruckus, the driver looks over and realized something happened to the windshield. And, his grandmother is struggling to breathe. Becomes unconscious. Reporter the driver pulled over and tried to perform life saving measures, but his grandmother died at the scene. During the investigation, officers found other bricks and other things on the freeway overpass really believe the object came from. Its brick and mortar li