The s p 500 really getting back to the record highs. What i really want to focus on nowne day, two days, and wednesday, we are giving up the yield surge of the past week, a profoundly for global wall street it profound week for global wall street. Francine i will never forget valentines day of 2020, i think it is the last time i traveled. [laughter] kind of like a milestone i remember. It feels it yields away. Lets get straight to the bloomberg first word news in new york city with karina mitchell. Corrina m a cuts have made it official and nominated joe biden covering up karina democrats have made it official and nominated joe biden for president. Meanwhile, the Trump Administration sees a path to a pared down 500 billion stimulus deal. Bloomberg learned the package will eliminate the biggest area of disagreement between democrats and republicans, would include money for the postal service, and money for businesses to keep workers employed. Pelosi suggested democrats might agree to a
Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recently and citi said investors are pricing in post recovery. Singapore reports higher cases, more than 1000 for the second day running. I want to dial back to the oil story because we see oil moving to the upside after two days of unprecedented action and a spectacular selloff. Opecplus ministers holding an unscheduled conference to discuss what has been going on. The closing statement signals there are no new measures planned at the moment. Lets bring in mliv asia editor. Oil is on the up. We had tw
Oneinch lacerations to her face. She was taken to Childrens Hospital where she was being treated in the emergency room. Her injuries are not considered life threatening. Its unclear whether the dog was aggressive towards the child. Were told the dog was alone in the house with the little girl. There were other adults in the house, just not in the room at the time. So were still gathering information and trying to find out if there was any provocation or if this just kind of happened naturally. Reporter now, as is routine in a case like this, the bull dog is here at animal services. It will be on a routine tenday quarantine. During that time it will undergo further tests for rabies and those sorts of things. At the end of that time period, the owner could vend the animal or petition to have that dog returned to him. In martinez, laura anthony, abc7 news. Laura, thank you. A couple killed after crashing their suv into a fighter jet was from san jose. The victims were identified as Anthon
And today has been a day of ceremony, as well as diplomacy and mourning. Abcs Tahman Bradley joins us, now, from washington, with the details. Good morning, tahman. Reporter diana and john, good morning. President obama is in south korea, meeting with his south korean counterpart, who is being consumed by an awful tragedy. President obamas trip to seoul is being overshadowed by last weeks deadly ferry disaster. South koreans are mourning the dead or missing, about 300 people, a majority, high school students. Across the country, people are wearing yellow ribbons. President obama is still pushing ahead with his agenda. He led a naturalization ceremony for military Service Members and their spouses. There, the president sent the u. S. Congress a message. America is strengthened by our immigrants. Were a nation of immigrants. Moving forward, we have to fix our broken immigration system and pass common sense immigration reform. Reporter mr. Obama paused to remember the victims of the korea
Thanks for ending your week with us. First up a check on the wet forecast because you could find some slick roads. Mike . A lot of the roads are slick because it is scattered light rain. Now, a look at live doppler 7 hd you can see the green returns are near point reyes and over the ocean and along Half Moon Bay and into the ocean there. The first forecast shows scattered light rain through the morning commute and by noon that is when the showers will start to develop and isolated thunder and small hail is possible. You will want did have an umbrella. Breezy along the coast, spreading across the rest of our neighborhoods tonight and through tomorrow. 59 to 63 around the bay and 58 to 62 inland and 54 to 68 coast and San Francisco. Coolerthanaverage. Leyla gulen . Good morning, everyone, we are starting off on a wet note and you can see we have plenty of friend an indication of where we have rain that is falling, sprinkles making it slick for you and we have a report of an overturned ve