Just eight or nine pennys away from 40 a barrel. Markets hit session highs as President Trump this morning championed the jobs numbers while standing in the rose garden. He is now in maine meeting with commercial fishermen who were hit hard by the covid lockdowns he will during this hour visit a factory that makes swabs for covid19 tests. He compared the coronavirus lockdowns to a hurricane and he calls for the reopening of the economy and he shared his desire for additional stimulus including a payroll tax cut. Were following all of his moves in maine ahead of his remarks at the top of the next hour, meanwhile the protests over the death of george floyd in minnesota continue at this hour, you are looking at live pictures of demonstrate or s at the National Cathedral in washington d. C. , and more marchers in brooklyn, new york who just began their march minutes ago in prospect park. One ceo, is using his power and influence to make the workplace more kind. Bar founder and executive ch
The comments from the reserve bank of new england, a move for the new zealand kiwi dollar up by. 5 . That is where we are at the moment. Lets look at what is going on in the first word news as we get to new york and join karina. Has dodgedowell Senate Efforts to make and take sides on coronavirus 80, maintaining a neutral stance in the debate over whether the u. S. Should add to its stimulus. Powell and Steve Mnuchin testified remotely to the committee. How all reaffirmed his stance more fiscal help may be needed but stopped short of a full endorsement. China has taken another swipe at australia over calls for an investigation into the origins of the coronavirus pandemic. Having put duties on burly and some beef imports, beijing is threatening to target wine and. Ary, and dairy other products could face punitive measures and their are rumors state media could call for a consumer boycott. We advise australia to read the original text carefully and not take conclusions for granted. Weve
Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s
Live from the kgotv Broadcast Center this is abc7 news. Good morning on wednesday, january 7. Thanks for joining us. I am eric thomas. I am kristen sze. Leyla gulen is back. The flu is bad. Stay healthy. With the weather we have another spare the air day. Poor air quality again. The fog is in the north pay. Live doppler hd shows it is quiet. Walnut creek southbound into the San Ramon Valley is not so hazy at 33 to 50 at 7 00 and the next 12 hours stuck in the 60s the better part of the day with sunshine and mid50s during the evening. That is comfortable. What is going on . This is starting off as the bay bridge toll plaza with traffic there stacking up in the far left hand lane and some of it is thinned out. Here is a look at the Golden Gate Bridge with travel interest San Francisco is smooth with a big closure over the weekend. Thank you, leyla gulen, it is now 5 02. From pacifica, police and firefighters on the scene of a fatal accident and our reporter as the impact live and you hav
Elevation winds 2. 5 miles in the atmosphere were looking at 35 to 40mileanhour wind gusts. Not all of this is reaching to the surface which makes for a warm afternoon. In developing News San Francisco Police have detained a person of interest who may be connected to a case involving a dismembered body found in a suitcase. This is video of that person of interest being led to a police car in San Franciscos tenderloin district. We get the latest from the hall of justice. Reporter a man wearing a sheet over his head was walked out of the Public Housing building. A resident tells us hes seen him there several times visiting another resident of the building. They call him the leprechaun because he was short and didnt speak much. Another man told us that he recognized the man as a person of interest released by police yesterday. Ive seen him on tv. And a few days ago i seen him and theyre bringing this person out. The man in the picture looks to be dragging a suitcase. Right now police tell