Profits could be dragged by 4 billion in pandemic opening related cost. The dow by 1 3 4. Nasdaq down by 1 1 2. I think next year will be a spectacular year in terms of growth and bringing our country back. That is tran15 is speaking on the economy predicting the economy will rebound. 30 million americans filed and implement claims in the past six weeks. The administration said the new jobless claims have gone down week by week. The president is holding a white house ceremony. Leaders said they are not satisfied with the federal governments response and want another relief bill to help smaller communities. House Speaker Nancy Pelosi said the house will not return to washington next week. Several members well. Democrats look at virtual and in person meetings as they craft the next cares act. Today, employees at some of the nations Biggest Companies planning a strike on this may 1 which is International Workers day. Employees at amazon, target, walmart and fedex, some of those set to wal
The dow futures down 448 points. Down almost 2 . S p better than 2 , nasdaq lower by 225. 2 and a half percent there as well. Strong showing in april despite losses yesterday, the dow, s p 500 posting largest monthly gain in 33 years for month of april. Oil prices are still down this morning sliding again, take a look, this morning more on the impact, low prices and decline in demand are having on big energy. Oil now 39 cents, better than 2 . I will be speaking this morning exxon mobile and chevron will be reporting and we will speak with the ceo of chevy robe coming up. Amazon with jump in sales but seeing profits fall as cost of doing business of the pandemic rises. Could post First Quarterly loss in 25 years. More bombshells, more unsealed documents reveal the fbi was moving to close the investigation of Michael Flynn back in january of 17 before agent peter strzok stepped in to say keep the case open. Flynns Attorney Sidney Powell will join me powell at 8 10 a. M. Eastern on the ef
In the meantime we are keeping an eye on the numbers in the bay area. They are now over 5,000 cases. And a good morning to you. Im marcus washington. Mike will have a look at traffic in just a bit. First, a look at the its friday, right . It is friday. It could be freak friday, who knows . It is one of those days we want to kind of enjoy and think about the weekend is here. Meteorologist kari hall has been tracking the forecast for us. Kari, what is it going to give us today . Yeah, it looks really nice for today. As we look at san jose and look at our temperature trend we had a lot of clouds yesterday morning to start out. I think it will be clearer today, and were starting out with mid50s. Well see our temperatures trend very nice going into the low 70s today, slightly above normal. As we get climates and what to expect today were going temperatures for the inland areas in the upper 70s once again and staying cool along the coastline with some low 60s as we get a little bit more suns
Are here in the bay area. As soon as the governor starts speaking, well bring you. And more numbers for you right now. The Labor Department reported 6. 6 million americans applied for unemployment just last week. Now, that is in addition to the nearly 10 million unemployment claims filed over the previous two weeks. 10 of American Workers are now unemployed as businesses have been forced to shut down to stop the spread of the coronavirus. Many people have been unable to file a claim because state unemployment offices are overwhelmed by the volume of people trying to file. You yelp planning to lay off or furlough more than 2000 employees. The Online Review plattform made that announcement saying they had plans to let go of 1000 workers and furlough 1100. The state of california. Those are the real heroes of this moment. And we need to talk more about care for our care gives. We have talked rhetorically meeting the need of psychological first aid by extending our appreciation, a good wor
The aftermarket session. We do stand at 14. 12 a barrel. That, though, does certainly not erase the rout oil has seen since the coronavirus stopped Global Commerce in its tracks. But Charles Payne would tell you, where theres a losing investment there is always a winning investment. The supertankers that carry the black gold are seeing smooth sailing as Oil Producers look to the high seas to store the massive crude glut. The ceo of publicly traded International Seaways has 13 huge supertankers. Wait until you hear how much that company is now charging to store oil on the open ocean. Its a fox business exclusive. An interesting investment, you have to hear about. Interesting and timely. Restaurants are also searching for new ways to move the food, as their dining rooms remain closed. We will talk exclusively with the ceo of superhot design your own salad chain jump salad on how hes making a dramatic shift to a new market for you. And this might put a smile on your face. The company that