Thousands take to the beach on this memorial day. The attempts at social distancing across the bay area. A toasty memorial day and im tracking even hotter weather. More record breaking temperatures in the tuesday forecast. California churches get the goahead to resume inperson services. Tonight the guidelines from the governor and the bay area pastors who are pushing back. Now at 11 00 and streaming on cbsn bay area, a scorching hot memorial day in parts of the bay area and tomorrow could get even hotter. Good evening. Im elizabeth cook. Im allen martin. Kens off tonight. The unusually warm weather had been crowds packing San Franciscos ocean beach. Chief meteorologist paul joining us with details on a hotter day tomorrow. Todays temperatures broke records in a number of spots. Concord got up to 99 degrees. San jose tied todays record High Temperature of 95. Oakland broke a record High Temperature. 91 degrees. Santa rosa two degrees off todays record. Made it all the way up to 94. Even
Plus, the antitourism campaign. How states are trying to stop you from visiting this summer. Good friday morning, everyone. Millions of americans are pushing to reopen the economy as quickly as possible. But its clear a majority have serious concerns. A new poll finds twothirds of parents are currently not willing to send their kids back to school and finds only 26 of americans believe theres adequate testing for the coronavirus available right now. Late thursday the cdc issued a new alert to doctors about that Mysterious Illness affecting children. Cases of the inflammatory syndrome have now been reported in 16 states. Overnight we learned the New York Stock Exchange will reopen its Trading Floor to some brokers after memorial day. More businesss across the country are opening their doors. This was the scene inside a crowded restaurant in houston. It comes as we get new data on which states are showing success in fighting the virus and which are not. This morning, more states are begi
Lets go to bob. Hello there are a number of reasons we keep rallying. The bottom line is for the moment generally the market is choosing to see the Glass Half Full whats the Glass Half Full a number of data points. We did have better than expected china export data. Thats pretty good news overall. Were in range bound territory but the trend is slowly on the upside moving to the upside. Lets review the data. Thats a data point we had generally were seeing reopening hopes. Were also seeing a mass i fiscal monetary stimulus most people believe the fed is real the fed put is real and hopes for improved treatments and vaccines Glass Half Full for today. Theres days when the market is glass half empty and they recognize the risks. You can see that in down days. Further downward earnings revisions. A third of the s p is given no guidance at all. Its hard to figure out where the multiples are. Flst concern it will get bogged down in partisan debate in congress we all need more fiscal stimulus
No place or at least no other place than the street. The city shelters cant go in there because they would be too close to one another. Instead, nonprofit organizations are giving them tents and tell them to shelter in place. And in this case, in the tenderloin, that place is the sidewalk. The idea is that theyre contained, not going to be spreading the virus. But theyre going to stay in the tents. But the reality is different. Just take a look. Theyre not staying in the tents. Theyre out on the streets. And with it are the other problems, the Mental Illness, the drugs, the other things associated with population that are going with them. Its one thing what youre seeing on the streets. The other thing is what youre not seeing all the time. Those are the people that are living in the hotels here and apartments here that are virtually being held prisoner because they cant go out on the streets and mingle with this. Theres tents right down there. Theres people passed out. Theres tents dow
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