Record highs that has the nasdaq setting a record as well better than expected home sales in the u. S strong activity numbers out of europe as well uk, australia to name but a few. Were up, sarah, nearly 1 on the s p 500. Ahead on todays show, a big first on cnbc interview with howard marks fresh off his latest memo. He said the odds are not in investors favor and whether he sees any opportunities right now in the market plushgs connecticut has certainly seen an encouraging dropoff in coronavirus numbers of late. Well ask governor lamont about his advice for states like florida, arizona and texas that are seeing their cases swell and how hes trying to keep those cases out of his state lets focus in on the big stories were watching mike santoli tracking todays rally. Meg terrell has the highlights from Anthony Faucis congressional testimony and phil lebeau is covering another volatile session with the Airlines Start us off with the Broader Market on the three month anniversary of the ma
The fog rolling in. It definitely indicates the onshore flow for us, our temperatures are running in the mid to upper 50s to low 60s for many locations, but cooler in santa rosa and the low 50s, mid 50s in San Francisco about 60 degrees in concord. As we go through the afternoon or a mild day around the bay. 78 in oakland, warming up in san jose at 89 and a hot day in concord at 91 degrees. Daytime highs from 4 to 10 degrees above average. I will let you know what to expect for the weekends including fathers day coming up in a few minutes. A Memorial Service will be held this morning for david, patrick underwood. The federal Security Officer was killed outside the courthouse during a protest in oakland three weeks ago. Family and friends as well as the acting chief of Homeland Security will gather at the high school at 11 00 to honor him. An active service u. S. Sergeant has been charged with his murder. The fbi and Oakland Police have opened an investigation after an effigy was found
Crisis. I think its a good thing for us, you know, this quarantine, all of us not working. Reporter but its not good for marathon petroleum, as it announced its shutting down its massive martinez refinery, a process that takes about a week. The company said its grant to shut down on sunday because of a 60 drop in demand for gasoline brought on by the coronavirus, and californias shelter in place order. This is are a really unprecedented event that the refineries, i think, are scrambling to respond to. Reporter uc burke berkeley studies the industry and called marathon a major producer. It can process 161,000 barrels of crude oil per day and employees about 740 people. But with wholesale prices dropping, it no longer makes economic sense to keep the refinery running. Theres just way too much gasoline being produced, and the refineries have no place to put it. So somebody was going to have to stop producing, and it looks like the marathon refinery is the first one in the bay area to actu
Committee on Small Business member states, hearing on response, we had a hard stop, we could move as quickly as we can and could not accommodate every member in person today and we are accepting statements until thursday april 30th. Today is a chance for the committee to hear directly from members of congress about thoughts on the covid19 response for the next package to Small Business issues for the committee of jurisdiction. I would like to remind everyone we are practicing social distancing and taking other precautions for all in attendance. I appreciate your cooperation so that we can protect ourselves and our hardworking staff. Three weeks ago when congress created the Paycheck Protection Program we did so with the goal of providing a lifeline, the program experienced Unprecedented Demand and proven successful, helping more than 1. 6 million entities to support employees. As a result we will be replenishing the Program Later today. While we are moving quickly to provide an additio
Today, yeah, so you can see the blue skies above it so you can see the mixing job is a little bit shower today in terms of where the fog is developing right over the bay contrast with just being just a little bit about that. Now of course at the surface. No mistaking this the fog completely covering up the 2 towers at the golden gate. The model say this should clear out probably well before noon say around 9. 30 approaching about 10 oclock temperatures for you, heres how we come in lower 60s lining up the east bay shoreline got those 50s up to the north bay, 64 san jose 67 antioch and 64 for concord thats up kind of a hodgepodge really its a little cooler on the west side for the pe insula, north bay, the east bay in on the south bay, a touch warmer than yesterday shot from keeping at sunshine pretty much wall to wall 82 by 11 2 oclock were talking 93 now and its steps because were warming up a little bit more so as we get into your monday will take a look at that and also the tropical