Empty store shelves and covid cases on the rise, but one doctor tells us it is not all bad news here in the bay area. A day ahead of dia de los muertos altars like this one adorn San Franciscos Mission district to remember those who have died from covid. Record warmth to kick off november today, and that warm weather, its going to be sticking around. Well have all the details in the accuweather forecast. Abc7 news at 11 00 starts right now. Announcer building a better bay area for a safe and secure future, this is abc7 news. The pandemic tightening its grip. At least 31 states reported at least one record high day of new coronavirus cases in the past month. That is according to Johns Hopkins university data. Good evening and thank you so much for joining us. Im dion lim. Our nation hit a singleday record of coronavirus cases. More than 99,200. Cases rising in 48 states, every one but nebraska and delaware. Several countries are seeing a case spike with england expected to enter a new N
We will be standing by for that. Looking at the markets, stocks rising to the highest level since february. This as a number of stocks including amazon and zoom continuing to rise because of extended shelterinplace and work from home orders. More earnings out this week, watching microsoft, intel, tesla as new cases are being set in states across the country including the first death of a child being reported in minnesota. This as the president , governors, teachers unions and parents battle it out across the country over whether or not schools should reopen. You have got u. S. Lawmakers starting to put together another Coronavirus Relief package this week. That is what our next guest is here to talk to us about, the cofounder of aol and the chair of revolution, with a new oped in the washington post. He talks about what congress should be focusing on. Start with your headline. You say the prepandemic economy is not coming back, not coming back ever. What about the new economy will be d
Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year. 10year at 0. 664 . Andrew thank you, becky lets bring
Plus the billionaire tilman closing more than 70 restaurants that had just reopened because of the unrest in various urban areas. He will join us later and well tau talk to a ceo who just pulled the plug on a big money deal with facebook. This has Mark Zuckerberg starts an all hands meeting with his employees. Power lunch begins right now thanks. The s p 500 is on track for its third day in a row of gains despite everything going on in the country and the nasdaq is sitting 3 from record highs lets get to bob for more on those markets. Bob. For once, nasdaq is not necessarily the market leader. What were seeing today is energy, industrial stocks leading. Bank stocks leading. Its the reopening story and broadening story this is remarkable its been going on for three weeks. S p keeps going up but the leadership has been altered in the last few weeks in favor of those reopening names. I want to show you the megacaps because we start with them they have fwn driver of much of the rally in ab
Without intel. We find out why new user growth and twitter did not transfer into ad sales. We hear from the cfo. Amazon shares plummeting. For the first time in over two years, the Company Reported a decline in quarterly profit. Most notable, amazon issued a a weak this is not bringingforecast. The sales boost investors are hoping for. Was about sales short. To write down all of his numbers, im joined by darren baker to talk about all of these numbers, i am joined by darren decker. You estoril you are still turning a profit. We knew that oneday shipping would bring some cost with it for a couple of quarters. Are spending a lot on content, aws, advertising division. Goingis a spending cycle on that actually makes the next couple of quarters the anxiety would continue from a cost perspective. Where it is paying off, you are seeing an impact on the retail side because of oneday shipping. It will pay off longterm in terms of market share, Revenue Growth. Cost variability is concerned, we c