A far better measure is the ten Million People who filed for jobless benefits in the last two weeks. Fed governor lockhart just told maria the jobless rate is already more like 10 . Clearly, we are in an employment crisis, and another report that comes up at 10 00 eastern will likely show the Services Sector in collapse. Thats a strong word to use but its accurate. Later this hour, we are going to talk to larry kudlow, the president s chief economic adviser. I will ask him how bad is it and he will spell it out. Look, with nearly 300 million americans under a stayathome order, the economy is shut down. Morgan stanley says that between now and june, the economy will shrink by 38 . That would be a depression, the likes of which we have not seen before. Travel, shut down. At the airport tsa checkpoints, they are processing two million fewer passengers every day. Thats down 93 from a year ago. Those flights that do take off, virtually empty. Public transit ridership, down 75 . Commuters ju
Afternoon. I think as we good into the afternoon, you may actually be seeking challenge ter at some point because its going to get toasty. 91 in fair field. North bay, 91 degrees. Santa rosa, 90. Looking at 84 degrees for hayward. Airport reporting an onshore breeze and because of it, temperatures are in the 60s. Beautiful day. Well see these temperatures as we get through the day. Well see a turn tomorrow and then a big drop on thursday. When i come back, ill have a look at the extended forecast all the way through the weekend. Back to you. Rosemary, thank you. In response to recent freeway shooting, the city pittsburg is responding with a push to install some surveillance cameras. And its the police chief who is pushing for these cameras. Cameras should be up and running within the next two months. This stretch of highway 4 through pittsburg will soon be under surveillance. Last night, the City Council Green lighted the plan to install ten cameras along the freeway in hopes of deterr
Back. Special needs students losing buses. The livermore district is using cabs. Not Riding School buses. They did not bid on that and so a new mode of transportation. The yellow durham buses will no longer be seen at livermore schools. One bus driver asked not to be identified transports 22 special needs students each day to and from school and underwent intensive training to work and care for students on these trips. 265 special needs students take a bus to school. Livermore says they will not be using this bus service but instead using cabs but they say parents dont need to worry and things not in the back seated of the cab to get to school. They provide cab as much as and a majority of transportation and other means and the majority will be provided through van access. The cab company in pleasanton ordered 32 vans to service the livermore schools. They will communicate with us. We have some children that have to be air conditioned at a certain temperature. And if it gets too warm t
Did you know there are only really five stops powering that index now . Well tell you about that and more. First, lets check in with sarah. Welcome, sarah. Thank you. Its good to see you and be with you as always. We have to begin with that potential deal between walgreens and rite aid. The pharmacy chain stocks all moving right now. This is just talks. Advanced deal talks according to the wall street journal. Supposedly theyre in talks right now. It had a noticeable infect on rite aid. I want to point out here, put up rite aid intraday here. 6. 24. Rite aid at 6. 24 just about 40 minutes or so ago. And we immediately got halted. And you can see the jump up after the halt came off to 8. 51. Whats important is walgreens even moved up on this. Sometimes the alleged acquirer moves down. Thats not the case. You can see that moved up as well. And heres a surprise. Even cvs moved to the upside. You would think this would not be necessarily great news for the competition. Even cvs moved up on
Hearing about it all. Stephanie i did not buy any really expensive art at about you, david gura . David the Chicago Police department will reportedly be investigated by the Justice Department or the Associated Press has a wideranging story this week about critics say the Police Department was slow to investigate the case. In beijing, the sky is the limit. The city issued a red alert because of smog. It imposes limits on factories and traffic, and schools are advised to close. Three consecutive days of smog are predicted. Is december 7, 74 years ago today that japan attacked pearl harbor and brought the u. S. Into world war ii. Ceremonies will honor the 2400 americans killed. You can get these and other stories 24 hours a day. Now over to matt miller. Matt taking a look at futures, after the blockbuster day friday. Nasdaq futures all gaining today. Even after we put on a gain of more than 350 points in the dow friday. Take a look at how far we are. Way from record closes here you can se