Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Results. Julia ba Julia Boorstin is in los angeles and very volatile in the afterhours session. Melissa, great to have you back netflix adding 15. 7 million subscribers and thats about double what analysts expected. The company also forecasting the addition of 7. 5 million subscribers in the Second Quarter and thats more than 3 million more than analyst predictions for that Ceo Reed Hastings saying there are three main effects of coronavirus. In addition to subscriber growth temporarily accelerating due to home confinement and he says that International Revenue will be lower than previous forecast due to the dollars sharp rise and he also says due to production shutdowns and spending on contact will be delayed. Hastings also expects viewing to decline and subscriber growths it decelerate as home confinement ends and as for the impact of netflix does expect some delays and they do expect secondquarter content to be modestly impacted. Since we have a Large Library with thousands of title
Four san jose firefighters have tested presumptive positive for covid19 putting an entire station under kwoequarantine. The president says travel restrictions to california or washington are possible if the infection rate gets out of control. Disneyland is closing its gates on saturday, the First Time Since the september 11th attacks. Were just learning that Universal Studios is also shutting down and more sporting events are suspended, postponed, cancelled. This includes the ncaa tournaments and Major League Baseball has pushed opening day back at least two weeks. Locally the exploratorium and California Academy of sciences are closing their doors. Many industries are being hugely impacted. Locally hotels and restaurants are suffering. Melanie woodrow is live at union square with that part of the story. Reporter larry and dion, foot traffic is noticeably lighter here today at union square. With so many of those conventions that have been cancelled, Hotel Occupancy is down and all of t
Officials say that person had Underlying Health conditions and had recently returned from a San Francisco to mexico cruise. In washington, another death was announced bringing the total there to ten. Placer county officials also held a News Conference today. Placer county Public Health has been conducting intensive Contact Tracing to identify and Contact Health care workers and Community Members who were expos individual. Officials say they think the person had Minimal Community exposure between returning h spo ntcted coronavirus. Princess cruises has identified the patient as a 71yearold man. And that patient is not the only Northern California resident on that creuise who later tested positive. Now crews passengers on that ship are being warned once again. You can see the cruise ship right there. And kate larsen is live with the latest. Reporter well, originally that cruise ship was supposed to come back to port here in San Francisco on saturday morning and then this morning princess
Reporter Lauren Anthony where she heard from the governor. Reporter thats right. Im actually standing outside the uc davis medical center. This is where the Solano County patient is being treated. It is the first confirmed case of transmission from an unknown origin. It sounds alarming. But the governor said it wasnt a matter of if but when a case like the would come along. Their the case yesterday are understandably gentle rated a lot of attention but didnt surprise anybody standing here. Reporter Governor Newsom tried reassure an anxious public in the wake of californias first confirmed case of coronavirus covid19 with an unknown origin. We knew this was inevitable as it relates to the nature, the epidemiology, the nature of these viruses, that incident would occur. Reporter Little Information is being released about the patient from Solano County but currently in treatment. Shes a female who was out in the community for several days. She was not in contact withist in evacuees isolat