This follows the fed chair powells comments on an uncertain economic recovery. Airline stocks are lore wer as e group pushes for more money. Time we got the details on that. Later moderna laying out its time line for vaccine as President Trump and the cdc contradict each other about when one will be fully available to americans. Maybe were splitting hairs a little bit maybe not. Well separate fact from fiction. Kelly, bye it feels strange to be this close to someone other than any husband. Lets take a look at the big board behind me. Whats leading the way industrials and materials. The only two sec sotors in the frie green. Thats the trend we have been seeing this week its the opposite story for tech down today down about 8 in september after an epic run for this group. Lets get over to bob. Hello most of the big megacap tech stock amazon, facebook, apple are down were getting one of these periodic boost from the cyclical slash value, slash reopening look at these material names and in
Emergency use authorization to a new virus treatment using plasma from people who already had over 19. Its called convalescent plasma, it reduces the rate significantly in one big study. Investors love the positive news on the virus and with new cases in america trending firmly down we have a monday morning market rally, the dow industrial is up 270 points, s p up 28 and look at that nasdaq, were looking at again at well over 1 , 123 points for the nasdaq. This is very much a big tech rally all over again. Apple stock premarket, well above 500 bucks, Morgan Stanley says it will fight 20, 30 at 512 getting there fast. Look where it is now come up another 75 bucks, 2125. Will bring you the rest of the big tech news and a moment. Just as the republicans began their convention, joe biden brings blockbuster news about the virus, he told abc news that he would shut the economy down all over again if the Scientists Say so. If the Scientists Say a National Lockdown would save lives. Thats what
Permeate. It has largely been driven by the concern that we dont have a handle on the virus and we dont have a handle on a solution for this difficult situation we are now seeing involving washington. It doesnt seem to be at the moment a landing zone for the democrats and the republicans. They are significantly far apart. The fact that you heard such partisan briefing suggests we are no closer. Thender at some point markets will have to shift from focusing on the dollar to shifting to other Asset Classes as well. That has been something we have been watching very carefully over the last few days. We have been watching carefully what has been happening in europe. Offpean equities are sold because of the resurgence in the virus count. That doesnt make sense if you believe that we are going to see a story developing in the United States. We will try to get an assessment of what is happening with the economy throughout the program as we continue to watch what happens in the United States.
People died and three others were injured after a vehicle struck a bus shelter. This happened in San Franciscos west portal neighborhood. Weve learned one of the People Killed in the collision was a child. Abc seven News Reporter cornell bernard was at the scene and spoke to investigators. Well, i can tell you what happened was a real tragedy. Mayor london breed, speaking at the scene of a horrific crash at a bus stop on uloa street and lenox way car going eastbound on yola, uh struck a bus shelter which had four people, two adults and two children. The fire chief says two people were killed, an adult and a child. Obviously, there are multiple calls to 911, so police and fire worked together to treat all the victims, to assess and treat them. And unfortunately, two were really, really critically injured and there was no hope for them. Three people were taken to the hospital, including the driver of this suv, which struck the bus shelter. At this point, its unclear how the collision hap
We have a lot of shaken up people, including one of our muni drivers and other people who who saw this situation and saw people trying to save their lives. Now, at five, authorities are trying to find out what caused a driver to veer off the road and plow into a crowded bus stop, killing two people here in San Francisco. Good morning. Its sunday, march 17th. Im stephanie sierra. Well have more on that story in just a moment. But first, lets check on the forecast with lisa. Good morning. Hi, stephanie. Good morning to you. Happy Saint Patricks day for those of you celebrating that a yesterday today the entire weekend. Right. With a lot of sunshine around the bay area. Temperatures have cooled off though. And as we look at live doppler seven, not a whole lot to show you there. Fog has crept into the north bay, and as we look at the next several hours, you can see it inside the bay, the marin county coastline, and the san mateo coast throughout the day. And that will usher in a cooler coa