Cooler in napa, 7 degrees cooler than yesterday at this time in concord. So we go through the morning and were in the 50s, but by noontime upper 80s, mid70s around the bay, still 50s at the coast. That sea breeze sets up for a cool day there, but 80s arrive around the bay with mid90s inland. Its going to be hot inland, even a few degrees warmer tomorrow. Well talk details for the weekend and cooling trend for the week ahead in a few minutes. What schools will look like for bay area students of all ages is starting to come into sharper focus. Districts are detailing their plans for fall. But the push to bring kids back to classrooms is getting push back from many teachers. It is a key focus of our efforts to build a better bay area. Abc 7 News Reporter kate larson heard from two of the Largest School districts in the bay area, oakland and San Francisco, about what theyre planning this fall. Reporter in a presentation for next weeks board of education meeting San Francisco Unified School
Good morning and welcome to the show im dominic chu in today for Brian Sullivan lets get to the money and markets how theyre setting the day up solid gains. You can see here dow futures indicated higher by around 400 points a nice move there. The s p 500 up by 44 points and the nasdaq up by 150 turning now to whats happening with the bond market the yields moving higher currently at 69 basis points or 0. 69 . The two year note about. 16 and the 30 yearlong bond 1. 45 as well very strong from the starting position and you can see that now that translates to gains of less than 1. 8 on the ftse and typically its been one of the underperformers but you can see out in front today the u. K. Stock market not the 2 but also getting back some of the territory has been the german dax, 1. 5 you can see it suggesting a broadening out of this rally around coronavirus its up 6. 9 we had the resignation of the chairman and the ceo activists want job cuts. The unions had success against the Management
Under pressure after a big rally for a couple of days. That part of the risk asset trade, falling, pressuring stocks a little bit overall. Oild boil clearly clearly is important. Talk to us about u. S. Treasuries. We are going to have to borrow an awful lot of money and its putting the treasuries under some pressure. Abigail Something Interesting is happening. The announcement came out that treasury is going to be a lot of issuance at the long end of the curve. Longer bonds are selling off. The two year bond is rallying. You have this steepening for the yield curve, which is healthy. Some saying this issuance toward the long end is to steepen the yield curve, normalize it, so to speak. This steepening yield curve could create some of the stock we are seeing for stocks the chop we are seeing for stocks. That a steepening yield curve after uninversion last year we did have a brief after an inversion last year, we did have a brief inversion. Theres more issuance at the long end of the cur
Reporter new tests are the vatican has reported its first case of the deadly still in the process of being coronavirus for the number of tested, ive spoken to but thats at we are waiting representatives within the past hour from the California Office for, the test still being offices and tourist attraction in the city state were closed of Emergency Services. He said they dont have the as a precaution. The Health Clinic in vatican results just yet from the 45 processed as we speak. City was also closed people on board the grand were live in richmond, allie rasmus, ktvu fox 2 news. Temporarily as crews worked to princess cruise liner. That cruise ship is still stuck sanitize pope in the middle of the specific about 100 miles off the coast in the last hour here we of San Francisco. The tests were to see if anyone learned there are three new confirmed cases of the francis tested negative for coronavirus after falling a on board had covid19, or coronavirus. Officials said they could get cor
Been working through the day with Governor Newsom and his administration through their unified command efforts in california. We have developed a plan which will be implemented this weekend. All passengers and crew will be tested for the coronavirus. There are 3,500 people on board this ship. The Vice President says that anyone who needs to be quarantine forward a positive test will be placed into isolation. Where might that cruise ship come ashore. There are several noncommercial ports where the vessel could drop anchor. Tom is joining us from outside the state lab in richmond where those tests were processed. What do you think are some of the possibilities that Health Officials are looking at . Reporter when you say noncommercial port, i assume that means, or one should assume that means, a port that doesnt handle cruise ships and things like that. There are plenty of ports in the San Francisco bays that could easily handle this boat. Lets look at a few numbers. This boat is 950 feet