The bill nar has the blews these days he will explain why his businesses are struggling and the things that could get worse beyond that and what hes trying to do about that power lunch starts right now yes, it does the nasdaq hitting another all time high today. Its on strachan for its sixth straight day in the green. Bob has more for us. Modest weakness on the day. That tends to mean tech will still out perform. Thats happening today. Its airlines under perform and transports and Logistics Companies like jb hunt and fedex tend to out perform. This has been going on since the coronavirus issue back in february and march and again you can see that happening today. Ben carlson pointed this out the top ten stocks by market caps are up 10 so far this year the top 50 are up 2 but look at the bottom 50. Down 39 thats not a typo. Thats a huge disparity. Its true big stocks tend to be important. They always move the market. Bottom line is they have never been more important than they are right
The90s to 100s. This pattern will not change until the weekend. It will stir things up a bit. Until then, what you had monday and tuesday is exactly what youre going to have today. Near the coast and bay inland above. All right. Over now 6 00. 6 01 in the morning. Still okay out there. Well see the traffic is going to be fine in many commutes. You can see traffic looks nice here. Now, driving to the bay bridge, theres not a big back up. School students and staff safe. A proposal that would remove the School District Police Department. Good morning. They will consider proposals to open the Police Department, set a time line for doing so and talk about developing another major safety plan. Theres not been a lot of members on the board in support of this. In a meeting, the majority said they support the superintendent to redirect police funds and student services. They have seven officers, two sergeants and a chief. They arent at schools but respond. They are unarmed and dont have to powe
Enough. Many of them felt it was unfair to be closed for four months. One hairstylist i spoke with says the new guidelines are too restrict. Im ecstatic to have a date. Im ecstatic to not lose my business. Reporter Denise Russell has safety protocols in place at her business. Stations maintain six feet of distance. Tools are disinfected in the open. New sanitation stations and an outdoor patio were brought in for customers to wait for the coloring to be done. We are human and need to get out of our homes sometimes. The order makes it very clear how to do so safely. Reporter the county is resuming a of it is, despite an increase in covid19 cases and being on the states watchlist. Under the new health order, any and wear a Face Covering is removed remains prohibited. The officer says the county is being monitored for its change in hospitalizations. In our county we still have relatively few people with covid in the hospital. So you can think of it as going from very low to low. But the c
Present your oral testimony. Secretary mnuchin thank you very much. Mr. Barr. Let me express my condolences for your loss. Of the committee, i am pleased to join you today to discuss how the Treasury Department and the Federal Reserve are working together to provide liquidity to the credit households,iness, as well as state and municipal governments. We remain committed to making sure every american gets back to possible. Ickly as americas economy continues to recover from the challenges posed by the covid19 pandemic. The jobs report for the month of may best we exceeded expectations with a record gain of 2. 5 million jobs after experts had predicted nearly 8 million lost. Ae Unemployment Rate is still high but we are seeing additional signs the conditions will improve significantly in the third and fourth quarters of this year. Is bluechip report forecasting our gdp will grow by 17 annualized in the Third Quarter and by 9 in the fourth quarter. The u. S. Chamber of commerce reported t
500 on pace for their biggest quarterly gains in nearly 20 years, and the nasdaqs about to have its best quarter since 2001. We will break down all the numbers for you. While this quarter was rosy, the future might not be so bright. If you ask Federal Reserve chairman Jerome Powell, the fed head warning of an extraordinarily uncertain economic picture due to the coronavirus. Treasury secretary Stephen Mnuchin just wrapped up testimony on capitol hill, long day for them. We will go to d. C. For all the fireworks that happened in that room. Meanwhile, we are just nine hours away from the deadline for Small Businesses to tap into what is left of the Paycheck Protection Program. It still has more than 100 billion available. The ceo of Valley National bank is here to tell us how he thought the program worked and what should be done with all that excess cash and should there be more stimulus. Then theres this. The Work Life Balance turned upside down during the coronavirus pandemic but as st