All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b
Saidid aa oint femo starthase t. An annnc fm llyfie, abc7 news. Happening today, governor gavin newsom will release his revised state Budget Proposal to balance a shortfall caused by this pandemic. His revised plan will include more than 200 million to increase the states firefighting efforts. That will be used to manage a surge in wildfires and hire 600 new additional firefigters. Newsom will have to decide what will be cut. Some state lawmakers areern waing against cuts to education and others are suggesting a statewide tax increase. California does have at least 16 billion in its rainy day fund. You can watch the governors briefing at noon live right here on abcden 7. Your health, your childrens emgication, the changing workplace and the economy. These are all areas that abc7 news is committed to covering in the effort to build a better bay area. As we see progress in reopening the bay area, we know well have to adapt to a much different world. The question that is weighing on paren
That will filter into our neighborhoods and take our temperatures down just a little bit today. San jose where its clearer this morning about 49 degrees and 40 to 49 at 7 00. Notice the mid up toer 50s at noon and a whole lot of sun mid 50s to low 60s as we head towards 4 00 and how about some low to mid50s at 7 00. So, if youre going out for an evening stroll, make sure you take that coat. Lets get over to jobina and find out what is going on with the commute. Now, abc 7 news live desk update. A new shelter in place order is in effect for much of the bay area right now. Here at the live desk, im breaking down those new restrictions that come along with it. Health officials in seven bay area counties made the announcement yesterday. The extengdz for tsion for shel place orders until may 3rd. Sonoma, marin, San Francisco, san matoe and sonoma counties. So, playgrounds and dog parks are closed. Ts, pools and rock climbing walls are also closed. We spoke with people who are not happy abou
Investors on a Magic Carpet Ride theyll tell us what it is later, mike ko has a five star uber rating. How will he rate ubers stock headed into next weeks earnings buckle up. Its time to risk this and much more options action beginning right now. Lets get to it earnings season is in full force. Dan says the stock can can injure up some magic when it releases earnings on thursday. Lets get into money now dan take it away back in july it was outperforming the market we have a fiveyear chart this thing had been range bound, finding a lot of resistance for years at that 120 level and it broke out in april when they gave some color about this disney plus service, the streaming service they are rolling out in just a couple of weeks. And so that chart is really interesting to me. You see that island that it spent in the last six or so months trading above 130 kind of interesting setup. When you think about wereings, the Options Market is implying less at 5 in either direction which is kind of
Fortune magazine summit in aspen colorado. This at two hours. Thank you. Moving on to our opening interview. This at one of our themes in our next story and conversation. I want to welcome the ceo to post mates. So far you appraise a court of billion dollars. Facing challenges in introducing us to a new friend. Please welcome bastion lehman. [applause]. Bastian hello. Welcome. Your Business Model at Pretty Simple. There are a few other business out there in the same area thats doing pretty well. Can you explain a little bit about how you approach innovation. Bastian good morning first of all thank you for having me i am excited for being here. We would like to compete not dollar for all dollar but at its innovation. I think in many cases at the smarter way to compete. Money at one angle and i think an important one but if they are not the most wellcapitalized player, i think you have to find alternatives. Thats what we do as a company at estimate. One of the innovations that we have he