Many understand its not in the same of safety but just weeks after a major fire, the timing wouldnt be worse. Im stocked up on batteries, flashlights, lanterns. Reporter she has what she needs. Im here to service the community. Reporter shes assistant manager at Outdoor Supply hardware with a possible safety power shutoff hours away, most of the portable generators have sold out. This could easily do a refrigerator, couple lights, tv. Reporter john was buying extra flashlight batteries and hes not happy about it. As a general sense of disappointment to pg e. I think one place seems to be under control and another comes in after that. I dont like it. Reporter the utility says it has to cut power to thousands of bay area customers due to hot, dry windy conditions or risk parking a fire from an active power line. At the end of the day we have to stand by the side of safety and if its necessary, we have to do this to prevent healthcare reforms emergencies from occurring. Reporter nancy jus
Which is indeed making a comeback. The latest numbers show a sharp increase in new cases, running to about 40,000 a day. The virus task force reconvenes today for the first time in two months. Some states are pausing their reopening program. That is a warning to the nations economy and the rebound. The wall street journal, this is an important warning for the president. The powerful Editorial Board bluntly said hes heading for defeat. Thats a warning for wall street, too, because a biden win would be a real challenge for stocks. So where are we this morning . Warnings duly noted. Ive got some red arrows there. The dow is down about 180. The s p down about 10. The nasdaq down about 15. Red arrows for three indicators. All right. Im going to call this a positive. Remember the mob that threatened to take down the lincoln emancipation memorial . They were supposed to attack it at 7 00 eastern last night . Well, it rained. The limited number of people who showed up retreated to shelter. The
Connell 56. 38. Forget about 30 for now. Well talk all about the big market movers. First, here is what is new at this hour. Brand new numbers from President Trumps 2020 campaign. Massive fundraising haul as the top democratic fundraisers start to lose some steam. The latest on the race for the white house. Plus the president sounding the alarm about the rise of homelessness in the United States. The commanderinchiefs pledge to maintain our cities, how we should address the real cause of the crisis. Right now, how about this, a total Solar Eclipse. Melissa getting closer. Connell starting to completely brock block out the sun. Starting across the South Pacific and parts of argentina. Well keep you updated on cosmic spectacle. Melissa did you say chile. Connell thats right. Melissa 7th record close for the s p 500 this year. We have Fox Team Coverage of the eclipse. No. Gerri willis at new york stock exchange, phil minute from covering oil and gas prices, huge, phil, 4th of july weekend
The san mateo coast. There is cloud cover zipping down from the northwest. A little bit of fog out to the valley. Mostly sunny today. A very dry pattern for us. There are hints of an off shore or northerly breeze. Maybe not that strong. Higher elevations stronger. 30s, 40s 50s. Gilroy at 37. 30s in the santa cruz mountains. Acampbell says 38. If you want rain, go north. There are some up in portland and seattle. Theres none here. There wont be for a while. 60s and 70s, above normal temps. Around pinole you had an issue. Is that taken care of or still causing problems. Well, the accident is cleared but the slow traffic remains on 80 westbound coming away from the carquinez bridge and heading west at richmond. There was a crash at pinole road. You can see the traffic will be slow westbound as you drive through hercules. It is getting a little better. Now there is more slow traffic appearing downstream, if you will. At one point we had a 62minute backup. Now down to 40 minutes. Things are
Equitie been getting pushed around and by Interest Rates amid concerns the solid Economic Growth we have seen could force the Federal Reserve to raise inrest rates more times than answered this year. But a report released today by the central bank appearedo alleviate some of those concerns. And thats when stocks took off. The dow a closed its high of the day, up 347 points to 25,309. The nasdaq added a very strong 127 points. The s p was up by 43. And todays gains helped the major indexes close higher forn the weekhat a week iwas. Here bob pisani. Reporter stocks drifted steadily higher to tth close he dow up more than 300 points. Every day this week weve seen some big intraday swing. Stocks would rise at the open, peak in the milled of the day. There was often not a lot of news o there. Today the rally finally held up. Ower bond yields were a help throughout the day. The dow, which dropped 2500 points, in a little more than a week earlier in the month has recouped from its losses. A r