Year high as the coronavirus layoffs start to show u. And Oil Rebounding crude on track for its biggest oneday gain ever. Absolutely. Its up 26 though still down 17 for the week as a whole. The dow was up 500 points. Now only up 235. Lets focus in on the key stories were watching mike is tracking todays Market Action e meg is covering new developments from the Pharma Industry and kayla has the latest on proposed bailout, but mike, lets kick things off with you. Thanks. Obviously seeing a general pause in the intense selling weve seen perhaps had a wave of that liquidation pass us by and the big old Growth Stocks are leading the way. That hasnt changed through this whole sell off especially sed soed if you look at a one yore chart starting with the nasdaq, 100 the leader, s p 500. The equal weighted verse then the small cap russell 2000 you see that distinct tearing on a oneyear bases in terms of what has worked better if you just focus in on the last month, by the way, one month ago to
Up next Senate Lawmakers look into regulations and safety issues for large trucks. The Senate Commerce subcommittee heard from those who work in the Trucking Industry and a truck safety group. Authorization. Several trucking policies found many changes in the past decade including changes in both the industry and regulatory changes at the federal motor carrier safety administration. In nebraska, the hours of service at the top of the list. Concerns from truckers are consistent. These regulations are in flexible and do not reflect realworld situations. Because the Trucking Industry, 1sizefitsall approach fails, each of the different types of operations. Congress requires them to enforce Service Requirements. To be sure drivers dont drive when fatigued and delegated significant authority to f m csa for these requirements. A notice of proposed rulemaking for Service Requirements. To update regulations, interested stakeholders made their comments known to the agency. One has faced the chal
Announcer now news to build a better bay area from abc7. A frightening new twist to a robbery trend. A man is recovering after he was shot and robbed of his laptop at an oakland bus stop. If comes only weeks after another oakland man was killed during a laptop theft. Abc7 News Reporter Cornell Barnard has our story. I opened the door and heard somebody screaming, somebody help me. I dont want to die like this. Reporter oakland resident bryant heard those cries for help after hearing a single gunshot. He found a man inside this bus shelter at 61st and add line streets. Heed been robbed and shot in the hip. He is a former paramedic. He helped the man until First Responders arrived. Macbook pro the description, the suspect was wearing a mask. He was on his laptop, somebody came up with a mask. Asked for his laptop. Before he could comply or he refused, they shot him. Reporter he works at stanford market across the street. He said the victim is one of his customers. The customer come run i
Rosa, up towards cloverdale. Visibility down to a mile right now. In the south bay, some rain. 87 here as we look northwards san jose international. Its mild this morning. 40 to 45. Mainly dry, 52 to 55 at noon. 54 to 56 at 7 00, 50 degrees. Jobina . Thank you, mike. Good morning to you. Good morning, san rafael, looking at a nice and clear ride for you all. No problems on san jose either. You can see the glare off the lights there. Its slick still in that area. Take your time this morning. A couple issues to get to. Well start off with a crash in tracy. This is certainly going to impact our super commuters. This is westbound 205 before 11th. Minor injuries reported there. No lanes are blocked. Eastbound 80, debris in the road has been cleared up. Southbound 680 before crow canyon road, a rollover crash there. One lane is blocked. One of the main players in the u. S. iran crisis will be in the bay area today. Mike pompeo will be in the area and start the day speaking to stanford studen
No delays. Antioch to hercules, 22 minutes. Highway 4 to the maze, 20 minutes. Highway 85 to the san jose airport, i just missed the drive time. Ill have to come back and let you know what it is. It flew by too quickly. Moving to the mountains here in the south bay, northbound 17 before idylwild road. A threecar crash therend a solo car crash in the backup. One lane is blocked. This will be slow for anyone trying to get in towards san jose. Thanks. One of the main players in the u. S. iran crisis is in the bay area today. Secretary of state mike pompeo will be in San Francisco today and start his day speaking to students at stanford. Anser hassan has more. Good morning. The secretary of state has a busy day ahead of him. The first event will be at stanford. Its a policy discussion. The secretary tweet eed excitedo be in the golden state and looking forward to meeting with some of our nations leading academics and entrepreneurs. At 4 00 p. M. , secretary pompeo will be at the policy clu