Thanks. The dow giving up its early gains. All three of the major averages are lower. Bob has more on these markets. Bob. Were threatening to go positive here late in the day. I want to show you though were down a bit, the sector lee leadership is still intact russell 2000, another good bay banks stronger and retail keeps going up i keep getting asked about this retail rally were seeing. We get these nice moves every day and some of the retailers, the macys, they are still 50 off of are they were in february these gains, yes, they are there but still big, big declines. New highs, were not seeing a lot of expansion waiting for break out is not really happening e bay and paypal, winnebego hit a new high thats interesting here. Lets talk about whats moving the market remember the buckets we keep talking about. The important thing is the reopening is still going well. The recent economic reports, the ism, the stimulus. Were hearing more from the ecb, more from u. S. , more from japan. Ther
Find a bid. We wait for more gloomy Economic Data at 8 30. Time now for our market moving news from our new york team. We are going to start with oil. The iea says the outlook for oil demand has improved somewhat, yet it sees crude production on track for historic decline this month, at the lowest level in nine months. Annmarie hordern joined me now for more. Annmarie this report is still bleak, but slowly but surely improving. They had to say is that outlook for the oil markets are improving somewhat. Amanda little stronger than what they were expecting, but really, the big take away from this report demand a little bit stronger than what they were expecting, but really, the big take away is that this month is on track for historic decline, the most in nine years. This week alone, we saw the kingdom, the uae, and kuwait deepen cuts for june. The same time, the iea is looking at producers outside the group like the united eights that are just being forced due to supply and demand the U
Costa, pmarin, San Francisco, sn mateo and santa clara counties along with the city of berkeley jointly issuing a legal order to shelter in homes the next three weeks. Sheltering in place is a core strategy. By staying home you reduce your risk of becoming exposed, which means that we reduce the risk of transmission. Reporter essential businesses will still be allowed to operate with public and personal travel to and from these services permitted under the order. Businesses that provide food, shelter and social services can remain open, including Grocery Stores, convenience stores, pharmacies, gas stations, banks, plumbing and laundry. Restaurants can offer takeout. Fire, police, medical and essential government functions will continue. Our goal right now is to make sure we have as few people as possible straining our medical resources so were only using those for people who are most in need. Reporter san jose mayor sam liccardo said city staff are already working with nonprofit and pr
That shelterinplace order goes into effect just after midnight as we said. Abc7 News Reporter chris nguyen begins our Team Coverage in san jose to explain exactly what that order will mean. Chris. Reporter hi, dan. The shelterinplace will last for about three weeks and the message is quite simple, and that is for folks to stay home. This afternoon a bold step to slow down the spread of covid19 across the bay area. We decided collectively that we needed to take swift action as soon as possible to prevent the further spread and to protect our Critical Health care infrastructure. Reporter the Public Health officers of alameida, contra costa, marin, San Francisco, san mateo and santa clara counties along with the city of berkeley joinedly issuing a legal order for all residents to shelter at home the next three weeks. These orders were crafted with great thought and with great care. They are also crfted very, very quickly. Reporter essential businesses will be allowed to operate with trave
Valley. Mallory here at 6 00 i want to start with an update. We were on the scene of this situation near 29th avenue in camel back. Turns out it was an s. W. A. T. Situation. Heres what we know. One person was taken into custody. This after Police Officers sent in the dogs there. Sent in that canine unit. They bit the suspect in question here. That person was handcuffed while they were trea jesse wilson. You remember the name, you remember the face. Four months ago today he banished from his buck eye home. This morning weve got an update for you. A private investigator believes he knows who did this. He isnt saying whether or not he thinks jesse is alive but he hopes to see some movement on the case soon. Here at jesses school in outside and illuminated until this case is closeded. This guy is on the back of me trying to kill me on the road. Hes in the middle of the hes right behind me. 911 dispatch did he hit your car . Yes. How scary would that be. Chilling audio. The woman hit by jo