Beyond. That first macro trends advisor mitch rishel joins me now, retailers were already offering deep discounts ahead of the start of the Holiday Shopping season despite all the advanced shopping, is there still some pentup demand . I think theres tremendous pentup demand, deep discounts went down into the summer and some retailers especially the division is offering them as black friday deals on fridays in july and august, tremendous pentup demand, i think its cabin fever, retail therapy, i think there is enough momentum to carry us through the holidays with the level of volume. Dagen is there enough money to curious into the holidays remember the extra money people were getting on their unemployment checks that expired at the end of july, is there enough money that people have socked away to really drive sales . I think so, you look at the savings rate which spiked in april and even has come down a bit, it is still two times the level of savings that americans normally do think abo
In the alum rock road neighborhood. Police have confirmed one victim so far their condition has not been released at the same time San Jose Police are also outside of a home on jackson street thats north of the citys downtown in several streets there. Are currently closed as officers are trying to talk to a man who has barricaded himself inside of a home this information is just now coming in to the kron 4 news room working to get more details on both of these situations happening right now in san jose as soon as we get more details. You know we will bring them to you and thank you so much for joining us right here tonight on kron 4 news at 10, im Justine Waldman of Jonathan Mccall our other big story this sunday night california breaking a grim record with more than 8,000 covid19 patients in hospitals all across the golden state. That number doubling from less than just 3 weeks ago when there are roughly 4,000 patients in hospitals on november 12th. The previous record for hospitaliza
To you rob all right, thank you for the update john checking in on the traffic still recovering from some issues here so in the 4 oclock hour we had an overturn accident that is still active, but its not causing major delays so is 1224. At the oak hill exit as you work your way through lafayette couple of lanes of traffic still close as they try and get this out of your way a special Traffic Alert remains in place. But no major delays getting through the westbound side is the commute direction and its doing fine out of lafayette into are and and over to the caldecott tunnel were checking in on the bridges, the bridges look really good. No delays at the bay bridge toll come on in wide open across the upper deck and were off to the golden gate. Were checking in on one oh one which is smoothing out the limit so if youre coming from the north bay and easy 90 minute trip rolling south nevado to the toll plaza darya james all right, thank you very much robert 5 oh one is the time breaking ne
The open this morning we will get really close again to 30000 on the dow. Heres another positive in all the transition from trump to biden has begun and investors like it, the dow was up 1 , 300 points, s p up three quarters in the nasdaq up close to half a percentage point, lots of green this morning and theres this, john kerry is back, the climate envoy and will sit on the National Security council, not good news for Americas Energy independence. Kerry will try to take us back into the paris climate record, but here is a guy taking us to the future, elon musk, yesterday as tesla stock rallied musk gained 7 billion in one day, he is worth 128 billion in the last week he surpassed Mark Zuckerberg and bill gates to become the second richest in the world, jeff bezos remains firmly in the number one spot. On todays show lets celebrate thanksgiving, the timing on the restrictions but resistance is growing, scott shalit he will join us from arizona hes part of the great exodus and will take
Now at 11 00 countless urgent warnings didnt stop people from gathering this thanksgiving. So now what . Tonight the new strategy from Bay Area Health officials to slow the next covid surge. Plus shots fired at a packed Northern California mall sends black friday shoppers running for their lives. At least one person dead tonight, the manhunt underway to find the gunman. This is stupid. This was dumb. This was cowardly. For whatever reason it had to end up being violent and it had to be tragic. Holiday shopping during a pandemic, well show you what popular spots in the south bay look like this black friday. Now at 11 00 and streaming on cbsn bay area tonight, Bay Area Health officials preparing for a major coronavirus surge. Good evening. Im brian hackney. Im andrea nakano. Theyre crafting a new strategy after people ignored warnings not to gather over the thanksgiving holiday. Tonight Alameda County became the first in the bay area to top 500 covidrelated deaths. Those numbers are expe