Avoided. We are told the tow truck driver spent several years helping others. Welcome to the 10 00 news tonight. I am Heather Holmes. The chp said the accident could have easily been avoided. It happened on the side of interstate 280 between farmville boulevard and edgewood road in the hills above redwood city. We have live coverage tonight. The law is designed to avoid this exact kind of accident. Reporter it really is, frank. Now we see this loss of life tonight. I checked in with the coroner, they released his name, hes identified as mark alarcon, he was 61years old. People with chp said he was well known, helping people on the peninsula. Remake the tow truck driver stopped on southbound 280 near farmville road to help a motorist on the side of the highway. The driver and the atlas towing truck was part of the state fsp, freeway services patrol, helping stranded motorists. Just after 3 30 on tuesday afternoon, he was hit by a lumber truck passing by. It was traveling southbound on 2
33. 5 million filed in the last seven weeks. I want to dig deeper into these results, uber inching closer to a profit despite these bad profits. I want to bring in taylor riggs. Lets dig in. Shares spiking after hours despite not good results when it comes to ridehailing. The business boosted by uber eats. You gotwhat is key is the ceo said rides are rebounding in places like georgia and texas where sheltering in place rules have been eased. Recoveryaid he sees and this was the news i was waiting for, the cfo has said he does see profitability in 2021. Lyft had been aiming for those targets. All the notes said as it comes to lyft, they were not going to be looking at profitability until the first half of 2022. To get guidance about maintaining that target in 2021 is very key. That is when you saw the stock reverse from what was a 3 drop to what is an 8 gain. Let me walk you through some of the numbers emily go ahead. I wanted to mention the business also getting leaner as a result of s
President s chief economic adviser larry kudlow. Hes going to join us. Thats the question we will ask, when, where and how will some americans be able to get back to work. Now, check out the market. It reopens today after a threeday weekend. Last week was one of the best weeks in decades, with the dow rising 12 . No significant pullback this morning. We are down just maybe 70 odd points for the dow industrials and well above 23,500. How about that. The s p down about. 33 and the nasdaq, same thing, down about. 33 . That is not a significant pullback. Not helping the stock market is a forecast from jpmorgan. They suggest that gdp could fall 40 this quarter and unemployment could reach 20 . Now, that is a dire prediction. Check out the price of oil. The u. S. , russia, saudi arabia and other Oil Producers have announced an agreement that would take 9. 7 Million Barrels of oil a day off the world market. However, that has had very little impact. It may put a floor under the price of oil b
Shortage of doctors and hospital beds the u. S. Faces huge challenges in dealing with the corona virus outbreak. We must follow the evidence. There are no shortcuts a warning from the World Health Organization over the use of untested medicines to treat the virus. A sad page in history the words of italys president as the death toll from the corona virus continues to mount on friday its really reported the highest number of virus related deaths of any country after 919 people died in just 24 hours the number of confirmed cases has increased to there are now more than 86000 infections that the Spanish Government has called on the European Union to provide urgent Financial Assistance more than 750 people died there over the law. 24 hours in the United States president on will trump a signed into law a 2. 00 trillion dollar stimulus package that will speed up government payments to americans and increase job plus benefits for millions the u. S. President has also invokes the defense produ
It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of coronavirus throughout italy and europe. New york is taking drastic measures as well. Creating a socalled contai