34. 20 is your level. The nasdaq coming off a fourth positive week. Longest weekly winning streak since december the composting a half percent gain at this point courtney, are you surprised at where we are in the markets given what is going on around the world with the coronavirus its been a while good to see you today. Am i surprised im surprised at how quickly the mark has come back however, we have a market that wants to go up people do want the see things better whether its the onlyis ianalys companies, expectations are very low. The fact we have seen a glimmer of hope, these markets wanted to see that i think well continue to see that rise as we move forward if people can put masks on, we might come out of this faster on the economic front the marks are looking 12 months ahead and saying we see ourselves come out of this and were seeing that with the rise in the s p and market overall. The notion of people being optimistic and wanting to be optimistic you want to be optimistic tha
That will hold us up a little bit. Temperatures are near average to above. We are only at 90 today. All right, over to allie, she has been busy. There are things to talk about. There is something new to talk about, steve. This is a crash in the oakland area. Lets show you on the map. This is near grant avenue. A couple crashed vehicles are involved. According to the chps notes, they are doing a traffic bake break so they can respond to this. We will keep an eye on it. The ll plaza is very busy. You will see it slowing, a 10 to 15 minute delay, this usually clears up in the next hour or so. Here is the drive from the san mateo bridge, no major problems. 6 01, lets go to the days headlines. Happening today, it is the first day of school for students in oakland set to begin in just a few hours. There is still no deal between the Oakland Unified School district and the Teachers Union as a distancelearning plan for the fall is still unfolding. Our reporter is joining us live with that story
Visibility below a mile right now and thats what were seeing elsewhere right along the pretty foggy morning right out the coast, you may have noticed some coastal drizzles a lot of do on the streets this morning right along the pacific. So we make our way into the afternoon fog continues to burn off and lots of sunshine makes its return that will make for a really pleasant monday afternoon around the corner right now were still in the 50s 60s pretty mild start to the day but pretty familiar territory similar to where we have been starting our mornings and we are going to be much the same into the afternoon to a lot like we were this weekend with just a few 90s for inland cities, 70s, 80s and 60s elsewhere in the bay area. Daria. Thanks a lot john 71 and lets get to the top story, the fall semester for oakland is here the kids are starting school today virtually online yeah weve got the spending this last week distributing computers and wifi hot spots to students who need them. There ar
Out of congress as opposed to just these executive orders from the president that are taking quite a bit of heat over the weekend. Yeah, look, david, i think that there is a sense initially that it was a white house grab and it kind of went through the weekend, there was a recognition that, wait a second, maybe it is a grab if youre going to give 400, 100 has to come from the states and many of the states including red states are in trouble. The thing that is most compounding people is that 12 of the people who make 80 to 100,000 get this bizarre payroll tax cut when the problem is not the people employed but the people who are unemployed. I think that its arer so counterintuitive our old friend larry kudlow always believed in that. We have secretary mnuchin right now, which is terrific lets do it lets do it. Go ahead, jim. Mr. Secretary, always good to see you on squawk on the street. We get a little bargaining done on the show. How have you been . Good morning. How are you . Im doing
We have blake burman at the white house. We begin with gerri willis. We finished with the s p at new record highs for first time in six months. Above the prepandemic highs. Think about that. That is the 14th record close this year. Turn to the nasdaq as well, also at a record high today, second Straight Record close for that index. The 34th record close this year. 174th record close since election day. Good news there. Market keeping an eye as you said on two big earnings reports today. One was walmart. Shares down after the nations largest employer reported eps of 31 cents a share, blowing out estimates samestoresales up 9. 9 . Online sales up 97 . Even so the stock is down. Dont know what it takes to get walmart up today. Home depot that stock up as well. Blowout Second Quarter with the sales up 23. 4 . Americans are remaking their homes as they are forced to live there, stay there, work there all the time. Finally weve been watching apple shares closely. They are higher today as the