Conversation in just a minute. Ill take you to the wall. We are focused today on this big pullback for tech. Nasdaq remains under pressure by more than 1 farmer jim, are we witnessing a socalled transition trade right before our eyes, from growth to value and does it have staying power . I think we are, scott i know its dangerous to say this type its different with regards to the rotation, but lets also realize this rotation was occurring before the announcement of the vaccine. All had you to do was look at the industrials and material to give you that clue now theres a very fundamental reason to support the continuing rotation into the cyclicals, into the industrials, even into the financials, which have been left fordead but are coming back it ju its just as simple as there is a path to normalcy ahead of us heres the one qualification i want to make if youre looking at yesterdays rally and saying, shucks, i missed, it relax unfortunately there is terrible news coming on the virus sco
Thank you for giving us your time today. Thank you for the Economic Club for paying attention to me. If those dont know your background the 75th postmaster general the first one is behind you, Benjamin Franklin the inventor of the Postal Service. And who are native of new york went to college in florida and then went back to your familys business and bolted up North Carolina one of the larger logistics and you have been very involved in philanthropic activities at Duke University among other places and thank you for giving us your time today. So at the outset, when you agree to become postmaster general is not normally the most famous position i doubt many can name your media processors you are well known did you thank you get this much attention . If i may, when i accepted the role of the situation the Postal Service was in at that time and then to have significant financial consequences at the time. And the issues of running out of cash in september 2020 and having no help insight. B
A family stuck in peru, after that government closed its borders and canceled all flights amid the covid19 outbreak, hoping to come back home soon. Tonight, a Bay Area Hospital tells us they need supplies. Well tell you what theyre looking for average break from the rain tomorrow, before a cool and wet system arrives on tuesday. Abc 7 news starts now. Good evening. Im eric thomas. The number of coronavirus cases in california has exploded over the weekend. There are now close to 1500 people infected with thousands more awaiting test results. The number of deaths is steadily rising, at least 27 people have died from coronavirus. President trump today declared a major disaster decoration for the state, because of the pandemic. Santa clara county reported two more deaths today from the coronavirus pushing the regional total up to 13. It is by far the most cases in the bay area, topping 300. But every county now has reported cases. Napa county, confirming today, two residents there have be
First senator testing positive. Kentucky senator rand paul. Mitt romney having to go into quarantine after recently coming into contact with paul. This as negotiations over a 2 trillion stimulus bill to help the economy recover from the outbreak are hitting a road block. Democrats say the two sides are still far apart taking issue with key elements of the bill, including a 500 billion relief fund for corporations without any protections for workers. And what it has is, for instance, a giant, giant Corporate Bailout fund with no accountability. Reporter Senate Majority leader Mitch Mcconnell insists the bill is moving forward. Were fiddling here. Fiddling with the emotions of the american people. Fiddling with the markets. Reporter the senate plans to vote on that bill today, but with at least five senators now in isolation, there are growing calls for lawmakers to vote on that bill remotely. Abc news, washington. In just a few hours, the city of hayward will open its own covid19 testin
South on 680 and the headlights north towards us and 43 to about 50 and couple degrees warmer and probably wont even notice it. What you will notice is not quite as active as this afternoon and not quite as warm as well be in the mid 50s to near 60 at noon. And low to mid50s if you want to take a walk during the evening hours. Well talk about more active weather before a dry weekend. Back to you guys. Now to the very latest on the coronavirus pandemic. The number of infections in california keeps rising and thousands more people are still waiting for their test results. About 1,500 people have been infected and more than half of the cases are in the bay area. At noon the senate is expected to revisit the Financial Relief plan. Over the weekend democrats and republicans argued over the details. President trump has declared a major disaster declaration for california. The president s major disaster declaration will bring in badly needed federal help to the state, that includes everything