Fears. And companies from roku to Western Digital have been tempering expectations thats hurt sentiment a bit. Gold is at a record high nasdaq set for another record close, comfortably now up a full 1 . Continuing that breathtaking rally, coming up on todays show, the bet on pets. The ceo of the company that makes medicine for pets and l e livestock. And more earnings rolling in today after the bell, including uber, dropbox and t mobile also a first on cnbc interview with mike seifeieve seavert eamon javers has the latest on the stimulus stand offin washington, and phil lebeau is watching the airlines. Start us off with the broader market, mike. Today is a good example of how we are now in a market moment where the threshold for rallies on news is much lower than the threshold for a sell out. Nertsd, the market takes most good news and kind of shrugs off the less good news we got the better than expected but still kind of ugly jobless claims number. That palmback went away. We were fla
Today in some of the comments out of retailers like burlington, anf, dollar tree, and Dollar General yes, if you look at the Dollar General, the numbers are just extraordinary i actually have never seen a Comp Store Sales number this good 21 versus 7 estimate. Dollar tree is going to be the one, david knows this well, people look like, you know what, now the dollar tree Family Dollar merger which had been so on the rocks, the judgment is its working and that stock could power much higher. Dollar tree. The opening trade is sapping the money out of tech. I dont know how much longer it can last thats such a great book in gary because he knows so much about what people are spending theyre essential because they have food, and i look at this market and i think how long with the dow up 4 can we actually say, hey, the reopening trade is just starting . Its already maybe too far too fast its very hard to figure, particularly because faang is being distorted by the president s tweets, facebook
Bill aimed at saving americans from facing financial turmoil as a result of the coronavirus pandemic. Our kron fours ellis said the monon is live in the newsroom with what you can expect now l a. Well americans are going to be getting money from the federal government depending on how much the make from one of the largest emergency package is the nations ever seen the senate voted unanimously just shy of midnight over on the east coast after days of back and forth between democrats and republicans the bill dedicates billion is direct payments to individuals and families. Another 250 billion for Unemployment Insurance benefits, 350 billion for Small Business loans and billion in loans for distressed corporations. Majority leader Mitch Mcconnell commended the highly partisan senate for coming together when americans needed most. Proud to announce tonight not a Single Center voter ago. Theres 2 trillion rescue bill. To save american. Individuals Small Businesses. Larger businesses. To pro
What might be the youngest victim of the coronavirus. The startling number of young people contracting the virus in the state. Good morning the thanks for joining us this wednesday, march 25th, 2020. Im anne makovec. Im Michelle Griego. The cbsn bay area newsroom. We want to get right to weather. Mary lee is in san jose at home. Mary. Good morning. I miss you. That is right. Im at home in san jose just keeping that practicing social distancing, but still giving you the forecast and ill do that every morning. Okay, lets show you high def doppler. A few showers popping up this morning. Tracking that for you and zooming in and you can see some showers pushing across the peninsula. Some moderate rain from san mateo, redwood city through woodside. Well see unsettled weather through the day. Here is a live look. Many of us in the 40s. Looking at santa rosa, some patchy fog in the mid30s. Definitely a cold start for you. As we head through the day, cool below average temperatures in the mid t
March 25th, 2020. Im anne makovec. Im elle griego. The cbsn bay area newsroom. We want to get right to weather. Mary lee is in san jose at home. Mary. Good morning. I miss you. That is right. Im at home in san jose just keeping that practicing social distancing, but still giving you the forecast and ill do that every morning. Okay, lets show doppler. A few showers popping up this morning. Tracking that for you and zooming in and you can see some showers pushing across the peninsula. Some moderate rain from san mateo, redwood city through woodside. Well see unsettled weather through the day. Here is a live look. Many of us in the 40s. Looking at santa rosa, some patchy fog in the mid30s. Definitely a cold start for you. As we head through the day, cool below average temperatures in the mid to upper 50s. Well talk about our shower chances through the day on futurecast coming up. Now, lets check in with gianna with traffic. Brake lights out there. An injury accident. They are responding.