Good morning and thanks for joining us. Im darya folsom and breaking news, the wall street journal reports over. Is closing one of its downtown San Francisco offices and laying off about 500 people who work there. The journal reports uber ceo made the announcement in an email. This morning, 2 employees uber says its in response to the coronavirus pandemic in all 3,000 people are being laid off in this latest round in the company is going to shut down 45 offices, worldwide. Experts say that uber is cutting about a quarter of its workforce. This month. So now we know how the bay area will be affected. Other news this morning, San Francisco, san mateo and marin counties are entering phase 2 reopening their businesses today that means Retail Stores and Small Businesses doing business with Curbside Pickup napa solano and sonoma counties are already in phase 2. In the east bay alameda and Contra Costa County they are still in large part lockdown but Health Officials say theyre going to make
Reporter for every shuttered bar in the city, there is staff in the same situation. There is only so long that we can get by making the most of it. This establishment has been a bar for half a century. It part of the heart of the neighborhood and the institutions of our city. Without them, what do we have . Reporter the First Priority has been the staff, with another go fund me drive. Don is considering a Restaurant Partnership to get the ball the bars open in phase two of. We want to open safely and thoughtfully, and we want to start serving some food that people really want. What might be lost, even if you cant reopen, we have to make sure that we follow the guidelines. We have to make sure that the experience is actually rewarding to people who come here, rather than the disappointment of reminiscing over what they once had. For current callus bars and the people behind them, the uncertainty continues with no answers on the horizon. This is a unique little place. We want to keep wal
Baseball is looking at an 80game season starting in july. Football arrives in september. Disney allowed, what, onethird capacity at its shanghai park and it sold out. While lockdowns continue, they are being challenged most notably by elon musk. Wasnt to op he wants to open his tesla plant in california. The Authorities Say no. Hes going to court and says he will move out of state if the factory stays closed. As for the market, that will open lower. Solid gains recently but a pullback so far this morning. The dow is looking at a loss of 270. The s p down about 30. The nasdaq off about 72 points. Lets get to politics. Big week for that. It is trump versus obama. General flynns lawyer says the plot to undermine the Incoming Trump administration was launched in the white house by outgoing president obama. President trump calls it obamagate. Theres a lot more coming on that one, believe me. Its monday morning, may 11th, already, and another big show for you. Varney company is about to begi
After that, tuesday night wednesday, temperatures really jump up. They will be above average today, with 70s and also 80s. Lets head over to sound right now, to see if there is anything new over there. There is a crash, steve, at the top of the dublin grade, a big rig ran into the Center Median and is blocking the fast lane. It is westbound i80, between dublin and castro valley, right at the top of the grade there. Watch for it, and chp and fire crews are arriving on the scene and you will see the traffic is still doing okay because it is lightly traveled. Dont come up on it quickly. There is also a little slow traffic on ibound 80, that is unusually to see at this time that this early in the morning, it is five 01, the rest of the traffic is moving along okay lets go back to dave. California taking another step toward restarting our economy, Governor Newsom will allow more businesses to reopen, at the end of this week. Ktvu sera working from home this morning, telling us which stores
Is this the beginning of the beginning of the end have we finally found a way to contain the pandemic today we got some very encouraging data from gilead on remdesivir, their powerful antiviral drug which helps people recover from severe cases of covid19 a lot faster were talking in and out of the hospital 11 days instead of 15 with the placebo a strong reduction in mortality rate thats been up for debate. May not sound huge, but results were so compelling that the doctors had to stop the Clinical Trial. It just wasnt ethical to keep giving people the placebo when they knew remdesivir could help, and that is bingo. Now look, ive been telling you an effective treatment for covid could be a game changer, saying it over and over again i said it would probably be remdesivir sure enough the market screamed high in response, surging 532 points s p 2. 6 nasdaq leaping an astounding 3. 75 . Hallelujah. With much of the country preparing to reopen for business buy, buy, buy the big worry is com