Platform, facebook shares are plunges as the cash cow of an advertising machine takes a public hit dow is down 750 coming up on todays show, a recession unlike any weve seen before the imf shocking the Investment Community with a huge negative revision to the forecast we have an exclusive interview with the managing director of the imf. You do not want to miss that lets focus in on the big stories with 59 minutes left of trading. Mike santoli following the plunge phil lebeau tracking the fall in Airline Stocks the ceos meet at the white house today. And meg terrell has the surge in coronavirus cases and rethinking of the reopenings happening across the country lets start with you, mike, on the selloff. What are you seeing . Well, sarah remember back in february, march, almost every friday it seems like the market backed off. A little nervous what might come over the weekend it feels familiar with that today. In the context of what june is, a corrective phase its been training in a rang
Down today. We will speak with an analyst on this later on. What else . We have claims data today. Pretty stable, which is concerning coming to be brutally honest, so we will talk about that later on. We will discuss what is happening with eugene scalia, u. S. Labor secretary. And we will talk about the people being affected by all this. Alix we cannot get into that without setting the stage for where our markets are. David kelly is joining us. David, you say there is another likelihood of a sizable correction, so when we get the headlines today like the florida covid19 cases are rising at 4. 6 , but new york is going into phase three, and texas is a stopping elective surgeries. How do we look at that . David what is clear is we have seen the northeast really dealt with the program very painfully, but they have pushed the cases down. And provided they maintain their behavior, which when you go around new york people are wearing their masks and people are being careful if you maintain t
In the Oakland Berkeley hills today there is a little west southwest breeze. That was not the case yesterday. A few locations are . Vacaville down 13 from 24 hours ago. 6 in san jose. It will be sunny overall today with temperatures well above average in the 80s and 90s. Over to sell now to see if anything has developed. Good morning. Good morning. Right now traffic is doing okay and theres nothing developing right now. We can see the eastshore freeway looks pretty good heading out to the macarthur maze. Coming around the corner to the toll plaza. No major issues. Traffic is moving along very nicely. Not of july at the bay bridge. Lets go back to the headlines. Happening today, pg e will be sentenced by a judge in butte county for 80 for counts of Involuntary Manslaughter and one count of causing an illegal fire. All related to the campfire in 2018. Yesterday in a courtroom in chico family members of the victims of the campfire gave a very emotional victim impact statements and relativ
Forward. That system will move into the grisham, and former National Pacific northwest. For us will security advisor susan rice. Give us high clouds and temperatures slightly cooler than yesterday. Near average bys campaign is conducting more extensive reviews of some to a little bit cool. Prospects. Health experts are warning on a monday tran05 against President Trump plan to hold a pen can rally in an good morning, steve. Good morning to you at home. Lets go out and take a look at indoor arena in tulsa, oklahoma on saturday. The president s rally will be a 19,000 seat the commute on interstate 880. Arena that has canceled all it looks pretty good as you drive. More people getting on the road other events through the end of july because of the risk of corona virus. The Tulsa Health Department director says he wishes the. It doesnt look like a bad commute. Trump campaign would move the as a matter fact, traffic is moving along very well in both date back because of an directions. Also
But first, honoring a fallen deputy. He was shot and killed in the line of duty yesterday, he and other deputies were ambushed with gunfire and explosives when responding to a call t Sheriffs Department released the mug shot of the man they say who is behind the attack. He is 32yearold steven can korio, we are live in santa cruz with more on todays emotional vigil. Tom. Reporter it was very emotional and we still have people coming here paying their respects to sgt. Damon gutzweller at this memorial that is set up outside the Santa Cruz County Sheriffs Department. This is where the vigil was held, 24 hours after he was gunned down in what was described as an ambush killing. A 14 year veteran. Hundreds of people packed in the parking lot outside the sheriffs office. Sheriff jim hart said he could not describe the sense of loss he felt when he woke up this morning. One of the people describing the sergeant, that he was a model officer who was gental and avoided conflict at all times. Fir