There to the community of fr winou to vacaville, in the area along the roader, theres a lot of heavy mopup. A lot of structure damage and were trying to get that area secured. Cal fire says the size and complexity in this fire is not one they have seen in the past they have seen many times in the past i should say. One of the fires that make up the lnu complex fire in the north bay is the wall bridge fire. Cornell bernard is live with the latest on this. Cornell . Reporter hi, dan. [ inaudible ] overnight, the fire made its way down the mountain into historic armstrong woods. Thats about three miles north of where we are. Fire crews are on scene. They are standing by to protect ng a t way kp rowreens inside s going. Reporter the fire has made its way to the floor of the Russian River valley in guerneville, creeping into the center of this historic park of old growth redwoods. But firefighters are watching the progress. If it continues to go that way, i think we wont see any damage to t
Blowouts record highs for apple and fable. Lets dig a little deeper. Amazon is built for a pandemic they typically pour money back into the business. They made a big bet on Online Grocery. Nay have been preparing for a shift in spending habits and it just so happens that occurred overnight. On the Earnings Call one analyst joked that does jeff bezos no how successful amazon is same store pick up, a number of whole food stores that can pick up deliveries on triple this quarter we are adapting and looking at something that changed and created things for the new vooirs, especially the entertainment area alphabet is more affected by the pandemic you can see the shares are under performing the other tech giants this morning you cant help but note that while amazon is known for groceries and advertising, they are smaller projects, they are still losing money lets bring a closer look at the quarters amazon getting a number of price targets at 4,000 that would apply a market yeah, it certainly
Lineup of guests coming. Federal reserve vice chairman will join us exclusively in a few minutes for his first interview since last weeks fed meeting. Well also pespeak with the ceoo human there is a and a massive afternoon of earnings headlined by disney, ea, beyond meat and activision and well peek with actvisions ceo ahead of his Earnings Calls after the numbers come out as i said, were at 1. 9 with 59 minutes left lets moex fowlkes on the big stories. Meg has new developments on the treatment and vaccine front but mike, lets kick things off with you in the markets yeah, another day of fairly orderly levation in the indexes. Today its a broader rally even though its been led by the big tech stocks. A chart of the s p going 50 0 going back a year, were back up to the upper end of this crash levels last september, october, sort of going back to early 2018, an area where we gave a little friction to the rallies, but clearly, a market is acting as if big investors feel u underexposed to
Julia . Thats right. Disney cfo christine mckarther announced disney will be sustaining the dividend which will preserve 1. 6 billion in cash and this comes as the Company Announces that covid19 cost disney 1. 4 billion to its bottom line in the quarter and that includes a hit to advertising, movie delays and think, most of all, the closure of disneys parks. The disney parks alone had an operating income loss of 1 billion in the quarter due to covid driving a 58 drop in operating income now heres what the new ceo says about the plan that he Just Announced to reopen disney shanghai on may 11th take a listen. The approach we take may include implementation of density control measures as well as health and prevention procedures that comply with state and federal guidelines we are seeing encouraging signs of a gradual return for some semblance of normalcy in china the company talking about how before it began to close its domestic parks in midmarch they had been seeing an increase in both
Future now becky quick. We begin with a summer job for many of us it was working as a lifeguard, poeing lawns or maybe scooping ice cream a parttime summer gig was the first introduction to the workforce, but as kate rogers found, businesses these days have a tough time finding teens hungry for a paycheck. Still hiring is this weeks cover story. Reporter janai hill is kicking off her first summer working in new jersey. The 16year old is making 10. 50, 0. 50 above the minimum wage, serving up cold drinks and fries to customers on the boardwalk. When im not in school over the summer i like to keep myself busy. Reporter hill may enjoy working but the share of teens working or seeking work in june, july and august has been stagnant in recent year. Participation rate in last summer it was 40 , ten years ago it was 50 and in the late 1990s, 60 at the same time, the number of teens enrolled in summer courses has gone up significantly. In 1985, just 10 of teens took courses in july. Last year,