It restricts all nonessential activity between the hours of 10 00 p. M. And 5 00 a. M. , but will a mandatory quarantine for travellers be next . And if so, how soon . Reporter as covid cases continue surging across the bay area, San Francisco is embracing its purple status and the rstrictions that come with it, but just how bad are the numbers . I think were very close to santa clara. Reporter abc 7s Analysis Shows covid cases per capita between San Francisco and santa clara are both reaching the high 1,700s. To put it in perspective, San Francisco was averaging 139 new covid cases per day. Whereas santa clara is averaging 517. We may well have to act like santa clara has. I dont want to get in front of the City Health Department here, but theyre obviously weighing all these things and looking at the same numbers were all looking at. Reporter Santa Clara County Public Health officials have implemented even stricter rules, like limiting hotels to only essential travel and requiring peo
Just moments ago we spoke with california lawmakers as tension is shifting from the state and now the focus is on bank of america which distributes most of the money. At last count 105 billion through debit cards we discovered were vulnerable to hacks. Kenny choi has been following the story and joins us with the very latest. Reporter bank of america has finally responded to a letter that was sent by lawmakers a couple of weeks ago and confirmed that approximately 200 million were stolen so far. Many questions we have asked are still unanswered. This is a very sad situation, we are talking about innocent people seeing their accounts frozen and they cant access their funds. And as weve been reported on, victims that have had everything taken from their accounts by fraudsters. It is just absolutely unacceptable that we have a bank that is not responding. Not responding to you, to me or to the people they serve. That was the Assembly Members first reaction after watching our reports about
To work our way through. Let me start with the Michigan Consumer sentiment index. Headline number coming through at 76 point nine, broadly in line with expectations of 77. Current conditions at 87, i had of expectations. At 75. Tions youve got the difficult situation i think the consumer has got to figure out. Do i worry about the here and now and worry about the impact the virus is going to have over the next weeks and months, or do i think about what the vaccine is ultimately going to deliver . Like the markets, i think the consumer is probably having to balance those factors out. Kailey i want to point out housing data as well. The Housing Market has been particularly strong. That does continue. A pace of 909,000, versus the estimate of 975,000. We are getting october personal spending data, and for more on that as Bloomberg International economics and policy correspondent Michael Mckee to break it all down for us. Michael michael it is may the most important number of a lot of numb
There, about 30 points, 25 points now below that benchmark. That is in part thanks to boeing, that is the dows gain that stock is up about 7 after one of its biggest customers, ryan air, near lily doubles its order of the plagued 737 max plus texas roadhouse that stock is up 200 since the march lows can you say that about many other restaurant chains . I dont think so also near its record high, the ceo, ken taylor, will be with us interesting, engaging guy. Hes going to tell us how he pivoted the business to thrive in this new normal as power lunch starts right now. Hi, tyler. Hi, everybody. Stocks are off the highs of the session but all the major averages are on track for their second week in a row in the green. Lets go to bob pisani for whats driving us higher today im a little disappointed with the action. The comments a stimulus deal was in reach helped early on but has done nothing in the afternoon. Were moving in a narrow range, kind of flattish all the right stuff is moving. De
This is widely expected. This is the vaccine that was found to be 94. 5 effective in the primary analysis. There is discussion about possibly having some sort of meeting later in the month with the fda to make the approval. We heard from officials over the weekend that they are going to try to approve it in fast order. If you take a look at markets, not the response you would think, at least not much. Jonathan it has been the diminishing marginal rate of the additional vaccine news in this market that has diminished over the last several weeks. Equity futures down 0. 4 percent. Expectations are already so well anchored by the vaccine news weve had over the last several weeks. We are down 0. 4 on the s p 500. In the bond market, yields up by a basis point or two to 0. 85 on the 10 year. The news isnt this morning. It is the cumulative impact of the last several weeks and now it is shaped the forward outlook under a much better way compared to what we face right now in the here and now i