More about what happened. You can find the latest developments on our homepage of ktvu. Com. California could top 300,000 total cases when new numbers come out tomorrow. As of yesterday there were another 7000 new cases of the coronavirus statewide and 149 more people died. Thats the highest number yet. The death toll is more than 6700. In the bay area more than 32,000 cases have been reported. Thats an increase of about 1000. And 636 people have died, with 11 more deaths reported. Health Officials Say fraternities and sororities are to blame for a jump in the number of coronavirus cases at uc berkeley. The university is urging students to change their behavior, or plans to return to campus could change. Ktvus greatly joins us now. The parties have led to instances of secondary spreads and small household and gatherings. Reporter thats the biggest concern. The students would go to these parties, get infected with covid19 and spread it to their homes and communities. The university is s
Headlines. Fang with all the headlines in the greens, apple, amazon, netflix up 1. 5 . Tech remains hot, hot, hot. Still to come, definitely coming on todays show, coronavirus cases climb and states continue to rethink their opening plans. Well speak with fed chair James Bullard, what it means for the economy. Shares of Taylor Morrison posted record sales well speak to the ceo about whats driving the strength in the housing mark up a third of the percent. Lets start focusing on the big stories. Mike santoli tracking the markets, meg tirrell with the rising case count and courtney watching flags in the Retail Sector mike, lets kick things off with you. Market idling right here, holding above the flat line for the moment it seems like stealth pullback consolidation weve had last few weeks, s p 500, talking about a summer trading range this is what we had last summer. It looked like that on a narrow basis. Scares in both directions. Were not there in terms of prolonged sideways action. Th
Tthe eamon javers is in washington, deidra, and julia boorstin, and josh lipton on apple we were just seeing a shot of the hearing room as well eamon, we may lack some of the visual drama given the remote locations of the ceos, however there will still be plenty of theater given the star power we expect. Yeah, look, scott, this is scuff iconic moments in business history. Starting with big to bako, the big banks, the pharmaceuticals, theyve all been through this big moment where all of the leaders of those industries are on the capitol hill raising their hands in the air testifying before congress this one wont have quite the sting of that for a couple reasons. I dont think you can say the Technology Industry is as unpopular as the industries were and that huge user base i think will go a long way also, you have this idea which you were talking about these guys are going to be testifying remotely. Theres a bit of distance thats going to go a long way here, in terms of softening some of
Data, that amazon does not use that data for its own benefit, and im now hearing you say, well, youre not so sure thats going on. And the issue that were concerned with here is very simple. You have access to data that far exceeds the sellers on your platforms with whom you compete. You can track consumer habits, interests, even what consumers clicked on but didnt buy. You have access to entirety of sellers pricing and inventory information past, present and future, and you dictate the participation of thirdparty sellers on your platform. So you can set the rules of the game for your competitors but not actually follow those same rules for yourself. Do you think thats fair to the mom and pop thirdparty businesses who are trying to sell on your platform . I appreciate that question, and i like it a lot because i really want a chance to address that. I am are proud of what weve done for thirdparty sellers on this platform. We started our thirdparty platform 20 years ago, and we had zero
Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame