Market, one of the largest on the planet because after spike in case there is. This weighs on investors whether good or bad. What alters course of stocks, whatever is altering on the virus itself. Connell mcshane has joined us on that. Hey, con them . Reporter neil, were on pace to have the next relatively significant decline in the markets past three sessions. The virus news, youre right, rattles investors. Maybe a little politics as well. As the dow ask struggling staying above the 25,000 level. It has come down off the lows after being down 760 points earlier in the session. Only down 270 right now. The states on the spike front, big ones are getting a lot of attention. Florida, texas. Texas, as an example had three days in a row with record hospitalizations. Watch that you have more cases like arizona and arkansas and other states. You mentioned new york, which is epicenter of the outbreak here in the u. S. The Governor Andrew Cuomo did indeed threaten to reverse some reopening tha
Which prevent michiganders crossing the street to visit family members. No relaxation of the social distancing rules from President Trump. Hes considering extending the keep your distance regulations into the early summer. Then theres this. Antibody tests that show far more people have been through covid19, three million in new york state, 20 of new york citys residents have had it. That means the fatality rate, the number of people who died from the virus, comes way, way down. Interesting. Quickly to the markets. Not Much Movement at the open today. Orders for durable goods in march down 14 , yeah, thats bad but it was expected. The dow is going to be up 193. I call that little movement. How the times change. We will be back to 23,500, big gain modest gain for the dow, nice gain for the s p and for the nasdaq as well. Look at oil, staying at low levels. We are looking at 17 a barrel. In the absence of demand, we are still not driving very much, we are running out of places to store al
And keeping the beat. For our series a more perfect union, we visit new orleans where sweet music is helping ease the pain. Always good in new orleans. First, todays eye opener, your world in 90 seconds. One day they said we have to close our country. Nows time to open it up, and you know what, the people of our country are warriors. President trump has tweeted that the Coronavirus Task force will continue on indefinitely. Will some people be affected yesterday . , but we have to get our country. We have to get it open soon. Reporter i did ask the president at one point whether if they wanulak a first in new york city, with intense cleaning. There is a direct response to how filthy the trains have become. Who heard of disinfecting a subway car . You may be at home, but guac is still extra. All that i find that everybodys trying a 10 to 12 harder to just be nice. Dont you find that . Not really, no. But im watching no . Cnn all day. All that matters good to see you out of the basement.
Able to have local pickup like that. Tonight well take a look at phase 2 of the states reopening and why some might be left disappointed. With droughtlike conditions, fire season may come early this year. How the pandemic may change the way firefighters fight fires. Now at 11 00 and streaming on cbsn bay area, concern over Cinco De Mayo crowds in associate tomorrow. Good evening. Im elizabeth cook. Im ken bastida. This after a packed celebration was busted over the weekend. Joe vazquez reports that police plan to be out in force but they may only be ableuch. Reporter Cinco De Mayo has be the case tomorrow. Theyre preparing for the possibility, especially considering what happened this weekend. Id say 5,000 people here easily. Reporter carlos couldnt believe his eyes. He was doing his sunday shopping when he was watching this parking lot in East San Jose fill up with cars doing stunts. The crowd that gathered to watch was not social distancing. There were so many people standing around
Cinco de mayo is just hours away. Authorities in san jose are hoping there wont be street celebrations but some activity this weekend has them concerned. Bay area businesses eagerly anticipating relaxed shelter in place rules. Its a big improvement to be able to have local pickup like that. Tonight well take a look at phase 2 of the states reopening and why some might be left disappointed. With droughtlike conditions, fire season may come early this year. How the pandemic may change the way firefighters fight fires. Now at 11 00 and streaming on cbsn bay area, concern over Cinco De Mayo crowds in associate tomorrow. Good evening. Im elizabeth cook. Im ken bastida. This after a packed celebration was busted over the weekend. Joe vazquez reports that police plan to be out in force but they may only be able to do so much. Reporter Cinco De Mayo has drawn large crowds in the past. Because of covid19 theyre hoping that wont be the case tomorrow. Theyre preparing for the possibility, especia