Continue to gradually reopen, auto plants are restarting some operations this morning and Homebuilder Confidence increasing as well ahead on todays show, President Trump host iing a rou b table with restaurant executives at t the white house this afternoon well speak with the ceo of restaurant brand, the Parent Company of burger king and pop eyes. Plus, billionaire entrepreneur and Restaurant Owner will join us to discuss whether people will actually come back to restaurants, casinos an sporting events hes got all three of those covered. Hooe also at that white house meeting. Lets focus in on the big stori were watching mike is tracking the big market rally. Meg has the latest on modernas vaccine progress Brian Sullivan watching the comeback for crude well tart off with the broaderr rally, mike, and what stands out to you obviously the market for months has been moving along this spectrum that goes from you know sooner and faster for a recovery to you know later and slower and right no
Asthroh our day withlookg at fremt, and 58 r n josextor when the rain returns coming up. Gianna. Taking a look at the roadways right now, so far we are doing okay for the most part. We did get word of a broken down vehicle as you work your way northbound Golden Gate Bridge blocking at least one lane but still very early and it is Holiday Light for the most part so we are not seeing really any delays, even with that stalled vehicle stuck in lanes there. A little sluggish slightly there but overall pretty nice conditions. Taking a look at an overview here, a lot of green which is good news which means youre at the limit for the most part. No delays right now coming out of the south bay, things look good there through san jose. 205, westbound 80, looks good. No delays working your way from 205 to 680, easy 22 minute ride. Most of our freeways in the green and they are looking good and super bowl, 49ers, 49ers are bound. They are looking good as well. We were enjoying the game yesterday wo
Good monday morning. Welcome to squawk alley. I am carly fiori i am Carl Quintanilla with Morgan Brennan and jon fortt a big week in Northern California more from jon in a moment. What a day tons of record highs for stocks and indexes overall. The dow hits an all time trading high, First Time Since july. We turn to mike santoli with whats happening. The big picture in terms of overall market is removal of points trade deescalation, low yields it is happening at the same time where some more emerging Consumer Tech companies have been punished brutally last month and last week, wayfair, grub hub, etsy, pinterest, beyond meat, yelp struggled. Whats going on here is i think some of the real emerging Business Models are having a reckoning, relationship with the consumer through an app is not enough and essentially after uber and wework debacle, people wonder if the leading edge of Consumer Tech is worth owning the question now is what it means for the overall market in a sense, it ratifies
Hour the hearing is still going on behind me, but already there have been several fiery moments, including some from senator sherrod brown, the ranking democrat on the committee. In his opening statement, he compared facebook to a toddler playing with matches and said that it would be delusional for anyone to trust facebook with their finances, when the company has already broken so many promises on privacy. He then tried to get david marcus, a facebook executive whos testifying to make his own promise, and that is to receive his salary in libra. Senator, if your question is whether i would trust all of my assets in libra, the answer is yes. Do you trust this enough to make your compensation paid fully in your currency senator, i would, because it is backed one for one with a reserve. You could have said yes at the beginning of the question, then senator, with respect, i wanted to clarify that were not trying to compete with Bank Deposits he has said that statement repeatedly, that fac
Before Treasure Island good news. We had an earlymorning accident three cars involved cleared out of lanes so traffic moving nicely across the lower deck of the bay bridge. Upper deck looks good. South 101 an accident before roland boulevard vehicle hit a deer. Theres looks like debrissed in middle lane so give yourself a few extra minutes. The Republican National convention will wrap up this evening with donald trump scheduled to accept the partys nomination for president. As cbs news weijia jang reports from cleveland, party unity is in question after last nights speech by former president ial candidate ted cruz reporter day 3 of the rnc was supposed to be all about vicepresident ial nominee mike pence. I accept your nomination to run and serve as vice president. Reporter but the indiana governors moment became overshadowed by bad blood between donald trump and former rival ted cruz. Stand and speak and vote your conscience. Vote for candidates up and down the ticket who you trust to