Congress still stuck in a stimulus stalemate not even at work. Turning to markets futures are rallying this morning. Tripledigit gain on the dow industrials, both s p and nasdaq hitting another round of alltime highs. The dow turning positive for the year. Take a look at the markets this morning. Wash, rinse, repeat, House Speaker nancy pelosi breaking San Francisco coronavirus rules getting her hair done in a salon. Where is your mask, nancy . The backlash ahead. Plus a Retirement Plans that starts at birth. Mornings with maria begins right now. Checking Global Markets, european stocks rallying as well following wall streets record run. Look at french and german markets more than 2 , in asia overnight markets mixed, both to plus side. President trump vowing to help the city of kenosha, wisconsin rebuild amid protests. Cheryl casone has more. Good morning, cheryl. Cheryl that is right, good morning. President trump making pledge to Business Owners and Law Enforcement officials there. I
More reopenings rolled back. Business owners in San Francisco talk about closing up shop once again. Good evening and thanks for joining us. Im dion lim. Im eric thomas. During this coronavirus pandemic, were focussing on building a better bay area of health, education, our changing workplaces and the economy. Right now, the economy right now right now the economy and but shutdowns are starting tomorrow in San Francisco and abc 7 News Reporter Cornell Bernard reports tonight from japan town and cornell, i can imagine this being a huge blow to businesses excited to be back open again. Reporter dion, its been really tough to retailers that struggled for the last three to four months. In fact, this weekend, the first weekend for picnic on the plaza, tents and tables setup for Outdoor Dining just outside the mall but the future of this is really unclear. Were told this morning that we have to shut down all indoor operations. Reporter it when many retailers inside the Japan Center Mall had
It is a hardship for everybody. It is hard to overcome this. But safety is first. Reporter this mall has been the anchor of japantown for 53 years. Dozens of longtime Specialty Stores call it home. The pandemic has forced some out of business. Ive seen the shutdowns around here and a few people are saying they wont be able to sustain it. Were thinking the same thing. Restaurants say they cant do takeout if customers cant get inside the mall. We have to do it right. For Peoples Health and everything. Reporter indt close because San Francisco made the states watch list due to a significant increase in covid19 infections and hospitalizations. And the conditions in our city dont improve, we can also choose to close additional businesses and activities as well. Reporter have the on market street, theyre preparing to close. This man just reopen his Perfume Store just yesterday. How do you feel about all of this . Its really sad, actually. This pandemic, we cannot do anything. You just have t
Number for the company. Quarterly sales were down 43 year on year. The stock is pretty much flat, though. The bad news now, just how bad would let actually be . Sales roseommerce about 74 . They still need people to come into the store to really make a lot of money. Their comp sales were up by over 10 , if you backout fuel. Clearly a lot of stocking up. Clearly good for walmart. Kohls suspended its Share Buyback program. That stock now off by about 1 in the premarket. Overall, no doubt we are obviously going to take a bit of a pause as we digest earnings and that monster rally. The question is whether the new was that or a bear market rally. Is that really being reflected in equities . We need the Economic Data to really match. Lets get to the news from overseas, as well as here in the u. S. We want to start with the walmart numbers and look ahead to fit your jay powell. Michael mckee has more. Just in case we werent sure that people were hoarding toilet paper, we get walmart. Michael
More work to be done. Good evening. Thank you for joining us. Im ama daetz. Im dan ashley. Governor newsom says stage two could begin friday but its still unclear whether bay area counties will decide to take things slower. Abc 7 News Reporter liz kreutz is live with the latest on the restart plan. Liz . Reporter thats right. Were waiting to get more guidance from bay area counties to see if theyll decide to move forward with phase two this week. Some of you really want to. Others saying its too soon. Work is being done across the state to make sure when businesses can reopen, they are ready. As california prepares to enter phase two later this week, questions still about whether bay area counties will choose to be part of it. On midday live today, london breed said friday may be too soon for businesses in the city to reopen. It doesnt mean that we cant, you know, provide permission. Again, this is going to come from our county health officer. So were not going to just make this decisi