Doses ready to ship once they get the green light and speaking of green light, joe biden wants to go ahead and raise Corporate Taxes, he is tapping his inner Bernie Sanders and outlining his economic plans using terms like fair share and calling for an end to what he calls shareholder capitalism. We are all over that story you can bet. We may hear the president s response to mr. Bidens plan shortly, he will be leaving for an event in florida this hour. We expect he will speak to reporters before boarding marine one as he likes to do and you will certainly see that right here when it happens. You will also see very little let up in the tech rally, despite theyre down day overall, the big tech names holding their own with more record gains. Amazon, it is hit an alltime high for six days in a row. Not bad. Apple, not much of a pullback of the stays above 380 a share, same story for microsoft, not much of a drop there, for microsoft still at 213 box. Facebook is above 240, despite constant
Burning documents, not shredding them burning them, China Threatens to retaliate and feels and looks like a new cold war. We have a significant turn in the fight against a virus, President Trump says its going to get worse before it gets better. A clear sign that the economic effects will drag on past the election. However, the trump team signed a contract with pfizer with 100 million vaccine doses. America gets the vaccine first, they pay pfizer 1. 1 billion and the cost to you, 0. Two stocks, got to watch them all day long, microsoft and tesla, the Financial Results reported around 4 00 oclock eastern this afternoon, in advance of that those stocks are on the upside. By the way, as of right now tesla is the most valuable car company in the world worth more than gm, ford, and honda combined. And microsoft at 1. 5 trillion is the second most valuable company right behind apple. We have big news on real estate two, applications for mortgages to buy a home of 19 over last year. Refi appl
The nasdaq hitting a new record high and amazon shares crossing 3,000 bucks a piece for the first time ever. Shannon, well start with you on this one what the you make of the rally is it legit and why is it happening now given everything we know negatively about the coronavirus virus . Were just continuing to see investors look at the sentiment thats coming out of the surveys and anticipating this continued v shape recovery we have seen the v shape recovery in the stocks already were anticipating a v shape recovery in the economy. I think that really rests on the fact that despite the fact were seeing this pick up in cases, theres not a widespread expectation that we go back to the lockdown that we saw in march and april. They really anchor themselves to the most recent period which was a very difficult period from an economic standpoint. Investors are continuing to look forward. They are continuing to see the Second Quarter being the earnings trough from this particular recession look
Regional call has been set up for later this week to talk about the issue, get people together to come up with some solutions and discuss the problem. Here is video of the nightly display. No one is quite sure why this is happening, if it is just quarantine boredom or just knowing that they will likely not be caught. Another theory is that with so many official fireworks shows being canceled, maybe those fireworks have made to the market. Whatever the reason, residents are saying it seems to be getting worse and more wide spread. One Oakland City Council member says he is noticing it in his neighborhood. It is almost like at 9 00 p. M. , it is everybodys turn to let it hang loose and shoot up fireworks, firecrackers, sounds like bombs going off. And they last all throughout until 2 00 in the morning. Reporter Oakland Police admit they have so much going on withcod19, fireworks has not been aen issue thn issue to cra and catching people in the act is tough. If you would like to particip
The call they plan to educate the public about the dangers of the fire works. If you would like to register for the call, you can go to abc7news. Com, that call is set for 4 00 this wednesday. Amy hollyfield, abc 7 news. More parts of the country are entering phase two of reopening today, but there are new warnings about an alarming increase in covid cases. At least 11 states set record highs this weekend. Former head of the fda says arizona, texas and florida could see exponential growth this week. More than half of the reported cases in florida on saturday were patients under the age of 35. Anyone who has attended a large gathering is urged to get tested. And the San Jose Sharks are teaming up with the county to open a free testing site. The team mascot will join city officials today to show off the new site right out sap center. It will be open tomorrow through there is a big push for e unty is recommending t regular testing for people who work with the public even if you do not hav