Time in looking at the Golden Gate Bridge 37 to the tolls a 20 minute drive coming up well have a look at your drive times around the bay area james and darya back to you. Thanks a lot. 9 oclock the time the big breaking news overnight. The fact that us now has set a new record for the most covid related deaths in a single day. Theres a number were talking about more than 3100 people who died from the virus on wednesday and more than ever people in the hospital to now a 100,000 americans. Are hospitalized with coronavirus 20,000 of them are in the icu now this comes as california now setting records as well for numbers of new cases kron 4 Sarah Stinson live for us in San Francisco to talk more about that sarah. Cases are rising rapidly not only in california, but also right here in the bay area so were waiting to hear from governor newsome we expect he could have some kind of announcement with more restrictions within the next 24 hours. But we dont know if hes going to put a stay at ho
And the markets already have a little bit of a hangover, seeing double vision the day after celebrating the dows historic leap to 30,000. The dow and the s p are down. Dow is down about 193. The s p lower by 7. But the nasdaq is sprinting to a record high. Will we see a record high close for it . We will be watching that and much more in this final hour of trade. Los angeles is exactly ten hours away from officially shutting down all Outdoor Dining for three weeks to try and get ahold of the superspreading of the coronavirus. Now we are getting word that the Companies Ready to move record numbers of your online holiday packages may have to shove those aside temporarily in order to deliver lifesaving covid19 vaccines when they are ready. But thats great news for iheart media whose live concerts precovid attracted hundreds of thousands the arenas around the nation. The stock has nearly tripled from its lockdown lows. The ceo bob pittman is here with the radio giants new secret weapon as
A michael welcome to the program while many countries are shutting down their economies as they face troubling increases in covert 900 cases slovakia is trying Something Different on saturday it started a nationwide effort aimed at testing its entire Adult Population the authorities have warned the only alternative would be a total lockdown this approach could reveal much about how the virus spreads and how many hidden cases there may be but it also comes with its own set of challenges. Long queues outside this coronavirus testing station and. It just one of thousands that opened on saturday to screen slovakians entire population of over 5000000 testing is voluntary but any. Not participating has to self isolate for 10 days. But it was very interesting i am here because i believe we will find out who has the virus it will go away and eventually we will live a normal life again but in the past 3 weeks slovakia has seen thousands of new infections each day mass screening is hope to contr
Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Lets go to bob. Hello there are a number of reasons we keep rallying. The bottom line is for the moment generally the market is choosing to see the Glass Half Full whats the Glass Half Full a number of data points. We did have better than expected china export data. Thats pretty good news overall. Were in range bound territory but the trend is slowly on the upside moving to the upside. Lets review the data. Thats a data point we had generally were seeing reopening hopes. Were also seeing a mass i fiscal monetary stimulus most people believe the fed is real the fed put is real and hopes for improved treatments and vaccines Glass Half Full for today. Theres days when the market is glass half empty and they recognize the risks. You can see that in down days. Further downward earnings revisions. A third of the s p is given no guidance at all. Its hard to figure out where the multiples are. Flst concern it will get bogged down in partisan debate in congress we all need more fiscal stimulus