Typically this is the time you would see investors plow back into their equity safe havens like tech names. The sectors outperforming our the two that have been hit the hardest so far this year, financials and energy. Financial still off 24 . Energy down 30 year to date. Well asbank index doing regulators rollback some of the rules put in place after the great financial crisis. Banks will no longer have to set aside money when trading derivatives with their affiliates. That frees up capital, and that is always a good thing for banks. Regulators are modifying the volcker rule to allow banks to increase investments in funds. Do not watch not forget to watch for the fed releasing stress test results. Watch apple and disney, apples closing other seven stores in houston after closing 11 last week because of increased virus counts across different states. Disney delaying the opening of disneyland in anaheim indefinitely. It is not the cake and get approval from state officials in time for th
The time now is not to panic. Its for us to come together. Its for us to follow the directives. Its for us to do everything we can in our respective capacities to prevent the spread of the coronavirus so that we can get over this very challenging time. Earlier today San Francisco mayor london breed announcing that the city will require all people to stay at home except for essential needs in response to the coronaVirus Outbreak may have read said that the order will go into effect at midnight tonight and remain in place until april the 7th necessary government functions and essential essential stores and businesses will remain open city officials also say theres no need to rush out and gather supplies since places such as grocery and Hardware Stores and pharmacies gas stations, Convenience Stores and banks will all remain open. I urge us not to anywhere. With this order in place you will still be able to get care for relatives. Run necessary aronson can talk that the essential parts. O
Look for a mostly cloudy morning. Be some some brakes. Clouds roll back into night. It is on the thames. Cell is here now for a quick update on the traffic. It is a little slow at the bay bridge toll plaza. You will see it here at the toll plaza. You can see traffic is moving along slowly. It is about a 10 to 15 minute delay. On the other side, in San Francisco, traffic is moving along well with no issues. If you are driving on highway 37 in vallejo, it will be slow heading west into marin county. It is 70 6 01 am. Lets head back to the news desk. Overnight activity in the inner sunset district, police had to block several streets around the area of ninth and judah this morning. Three women told police that he man was refusing to let them leave his apartment, and that he had a gun. Police and the s. W. A. T. Team set up a perimeter. They ultimately took the man into custody. Many people who live in the Apartment Building were evacuated during that time, but there are no reports of any
Degrees above normal. And already this morning we are warmer than yesterday morning. The winds are flat and thats not going to help us out. Its another offshore component. Theres hazy, smoky skies in the bay area today. You will notice this with triple digit heat in the inland valleys. 73 in pacifica, we will pinpoint the rest of your bay area whether and talk about the cooldown, when that will arrive in a few minutes. Lisa, thank you. Break news out of antioch. The chp said a woman dead after being hit while walking on highway 4. It happened just after 1 00 this morning on the eastbound lanes near eighth street. The driver of the car that hit the woman stopped and cooperated with police. Drugs and alcohol are not suspected. Officers are not speculating why that woman was on the freeway. In developing news, Sunnyvale Police are searching for a suspect in connection with the fatal officerinvolved shooting. One man is dead, the other still at large. Abc7 News Reporter Melanie Woodrow has
Center, this is is abc news good morning, everyone. Im Carolyn Tyler. Thanks for joining us on this sunday, august 16th. Let start with a quick look at the weather with our meteorologist lisa argen. Hi, carolyn, good morning, everyone. We have very smoggy conditions. Lingering smoke from a fire in the north bay. A spare the air alert, a heat advisory and high clouds all over the bay area. Heres where the heat advisory is in effect. Everywhere except monterey and the coastal north bay. Temperatures this morning a 20degree spread from the low 50s Half Moon Bay to upper 70s in the Higher Elevations. Fremont 67. In san jose cooling in the north bay. The east bay the winds are flat and we are looking at poor air quality. The south bay, and really everywhere today. A repeat performance of the hazy, gray, smoky skies. 70s and 80s at the coast. 80s and 90s around the bay. Warmer inland. We will look for a bit of a sea breeze at the coast today, more so tomorrow. We will talk about the cooling