California mark the deadliest day since the coronavirus pandemic began. New numbers from the state department of Public Health show that 197 coronavirus related deaths on tuesday. Bringing the two week average to 109 deaths a day. The cases we saw a rise earlier in the month had a number of people who had severe disease that led to deaths. We had to take this seriously. Reporter the Positivity Rate stabilize from a major surge , the daily death toll has risen dramatically. They say the averages dont tell the story of hot spots including the Central Valley and other pocket is. Even if its not in other areas where its occurring. We all have to Pay Attention to get it under control. Reporter all nine counties in the bay area are on the state monitoring list. San mateo county was added on wednesday. Exceeding the metrics of less than 100 cases per 100,000 people. If it stays there for three consecutive days, indoor operations at several businesses including hair salons and gyms would be fo
Employees who have been out of work now for months. The Second Quarter Gross Domestic Product plummeted 32. 9 between april and june. Thats almost a full third and its the sharpest decline we have seen in u. S. History. The drop in gdp is nearly 4 times worse than it was at the peak of the financial crisis in the Fourth Quarter of 2008 the previous record was 10 in the First Quarter of 1958. Turning over to the stock market and see how stocks are reacting to this dire news. The dow jones is down by almost 200 points, just a little bit more than that right now. S p is suffering a loss of not quite one half of 1 . The nasdaq is the only right spot if you count the addition of 52 points. Nasdaq is up by one half of 1 . You can see stocks mostly regained their footing after a very steep drop at the opening bell and after we got that labor news. Californias jobless claims were down last week despite a nationwide increase. Our state reported 249,000 workers filed firsttime claims during the
We have rosemary with us to give us a check on the very mild and nice conditions this weekend. Good morning. Happy sunday to all of you pick another gorgeous day coming our way. We are starting out with low clouds this morning. Once again, by the afternoon, we will have sunshine. For the coast partly cloudy skies with fog. Temperatures ranging from 60s at the coast to 70s around the base. A few low to mid 90s expected inland. Details on the Current Conditions and what to expect for the afternoon and the extended forecast, coming up. California recorded 6000 new coronavirus cases in the 24 hour period. More than 9300 people have now died in california. In the bay area there are more than 54,000 cases of covid19. 833 people have died. So say what the numbers continue to rise, hospitalization rates are down by two and half over the last few days. This weekend Santa Clara County recorded a record 410 new cases in 24 hours. That exceed the previous high for the county of 339 from 11 days ag
That jobs news to end this holidayshortened week. Check the futures. The dow pointing to a jump of 459 points. Good for a 1. 75 gain. Strong gains on the s p and nasdaq. By the way, the nasdaq in record territory once again, led, guess what, by the big tech names that we follow so closely. All of these names right here are in record territory this morning. Lets begin with tesla, up another 9 this morning after reporting more than 90,000 sales last quarter. That absolutely blew away that word we dont like to say, expectations, and up the stock goes. 102. What a ride for tesla. Amazon, that stock closing in on 3,000 a share. Certainly amazon has been the winner during the lockdown. Microsoft, solidly above 200 a share. Microsoft also doing very well, thank you very much. Everybodys watching netflix these days. Huge winner during the pandemic. That stock coming close to 500 a share. Well, President Trump is well aware of this rally. He tells fox business that the market, though, will cras
And we discover what life is like for Migrant Workers in packed dormitories in singapore. The job administrations handling of the corona virus pandemic is coming under scrutiny once again with accusations that it looked for quick fixes by rushing unproven drugs to patients but right the former head of the u. S. Agency responsible for developing drugs says that that included untested doses of a malaria treatment which has been pushed by President Trump and comes as tom has announced hes winding down the governments Coronavirus Task force he says he plans to create a new team that will focus on safety as well as reopening the economy at a top u. S. General says its still not clear where the virus emerged from and it definitely wasnt manmade thats a stark contrast to secretary of state might pump a 0 whos repeatedly claimed theres significant evidence covert 900 came from a chinese liberace. And ken mitchell as an associate or such scholar at Columbia University he says the United States