The opioid epidemic. The Justice Department announced the settlement today. Purdue has proposed a separate 10 billion settlement to resolve state and local claims. Onbal news, 24 hours a day, air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. Vonnie welcome to bloomberg markets. Exclusive interview with former Federal Reserve chairman Alan Greenspan, his thoughts on the state of the was economy and the stimulus logjam. Markets are now lower and bouncing around on speculation whether lawmakers will finalize a stimulus deal. After thea announces bell today, all but guarantee to report a fifth consecutive profit. Markets,heck of the the major indices are down at this point, about a quarter of a percentage point of peace and they had been higher earlier. The dollar index is partially to blame at 92. 5 so lots of weakness for the dollar index partially thanks to sterling. Brexit trade talks are on
Investment savings again as tensions continue to rise. Selling underway this morning. Dow futures down 50 points duh the nasdaq is up 4 and a quarter. S p 500 right now down 3. Growing concerns over coronavirus spikes and what it could mean for the recovery fueling a selloff yesterday. Nasdaq and s p 500 snapping 5day winning streak with declines in double digit. Facebook not getting a like. Walmart says retailer reportedly to offer freeday delivery and customers willing to pay a 100 a year. Defund police, this as crime is rising across america. We have you covered coming up at 7 30 a. M. I will speak with new york city mayor Rudy Giuliani, dont miss that. Secretary of Homeland Security chad wolf will join me. Secretary is live at 8 30. Mornings with maria is live right now. Global markets this morning are mixed. Take a look at european indices across the board. Dax lower by 86. Uk finance minister announced that the latest Recovery Plan lathe today later today is expected to open pubs
It happened at thes home on cynthia drive in north alejo. Police say a group of suitors were in a car and opened fire on the victims a 63yearold woman was killed who was one year from retiring from kaiser of alejo, the same hospital where she died. Also a 37yearold woman. She was passionate, a people person and a single mother of a 17yearold daughter. I spoke to a woman who told me she was graced by gunfire and her 10yearold son was shot and wounded. The boy is expected to survive as is the fifth victim, a man. None of the victims shot with the intended target. One relative told me the victims happen to catch out the lutz sprayed. The victims were outside celebrating the birthdays of two girls ages 1 and 4. Kaiser released a statement saying there devastated by the death of their longterm employee. Police have not discussed a motive, but they are asking anyone with information to give them a call. Ktvu fox2 news. Our thoughts are with those victims this afternoon. The brother of george
Will have more on the San Francisco fire in a moment. I am frank mallicoat. Good morning i am allie rasmus but we have rosemary wrestle with us to give us a check on our weekend weather. It is going to be one for most of us this weekend. So becky has a notable warmup. We are waking up with mostly sunny skies, just a little bit a patchy fog along the coastline. Temperature will take a notable jump today. Getting alive look over areas of the golden gate bridge. If you look to the flag on the right side the wins are, and light. We are looking at temperatures well into the 70s, even mid 80s expected for inland cities today. The warming trend continues on sunday when are in land cities get very close to 90 degrees. It looks like memorial day monday will be even hotter than that. Temperatures are expected to peak in the mid to upper 90s before this warming trend is over. Details what you can expect r e up with just a bit but with the in San Francisco. The Early Morning fouralarm fire not too
Other universities we have been following. Amy hollyfield live at uc berkeley this morning. Good morning, amy. Good morning. The words are will be open and offering instruction and janet napalatano did leave online instruction and she is envisioning a mix. The question will be how much will be in person versus how much will be done remotely. According to the mercury news, uc system has lost 1. 2 billion because of this pandemic. A lot of money and you can see thats why they are looking to fall in their plans. The California State University system already announced all classes will be remote. This is a big departure from what that system is planning. It soundslike not only uc system but across the country are considering a mix at this point. Now, ucs president janet napatano says they will have to meet standards to help prevent the spread of coronavirus and they will have to get in place and get approved before they are allowed to reopen and she is saying that those decisions would be