Gloom out there. Were following the Airline Industry very closely as you know. Theyre looking for more aid, this time in the form of direct government grants here. The talk is how are they going to get that . The question, how much. Jetblue, robin hayes, what the significance of the flying industry is going through now. Jetblue has been able to fly over the turbulence. There is something that must be going on that were missing. Were looking what is happening at colleges now. The university of North Carolina at chapel hill. Kids were congregating, going to bars and parties. Not exactly social distancing. Now that university among some others that goes from inperson to virtual classes. Iona colleges president is with us, how that school is avoiding all of that. Meantime were focused on day two of the Democratic Convention as stuart was highlighting. The president has his own plans, continuing to visit battleground states that could turn the tide on this contest, still 76 days away. Blake
But you have to think of where we were and even with todays selloff, it is not really affecting all sectors. In fact more than half are still up. The fact of the matter technology, we just cant seem to pause even for a nanosecond, continues to advance. Well go over all of that, including things that could be weighing on stocks, including some extended shutdowns and restrictions everywhere from texas right now, what is going on in florida as well. Then there is hope on the virus front. That of course is something that is not seen all the time here but on the vaccine, more to the point of the virus, we keep track of this thing. There are about nine premier offerings or combinations being touted by various governments or biotech concerns of that, that are promising everything from an antiagain, quickly can tell you whether you have the virus in matter of minutes all the way up to vaccines potential curse that could be available soon as end of this year. The u. S. Investing a princely sum
Made morning , good to see you, rosemary. I think you will like the forecast, if you like partly cloudy to mostly cloudy, and 70s. Outside our door, we are starting with partly cloudy skies. The temperatures are in the 40s. Low to mid 50s around the region. We are getting into your weekend, we will cool it down only to warm it back up in the extended. I have a look at what you will be able to expect with you are extended forecast, coming up. Good morning, we have traffic moving along well along the bay area. We will start with a look at these commutes. You can see traffic is moving well, at the bay bridge plaza. No major issues crossing the bridge. Lets go back to dave. The governor wants more people to stay inside, to help slow the spread of covid19. The state will keep state parks and beaches open, except for one county and southern california. Alyssa harrington has been working from home, but, good morning alyssa. Ordering a hard closure of beaches down in Orange County, that is aft
24,000, far cry from nearly 30,000 we were touching in february. The reminder, you dont lose any money until you take money out. It could be a bull market, bear market, combined head fake here. Be that as it may, this comeback is pronounced and some of the earnings already factored to be awful, the case of couple of them not awful, that is good enough. President will be meeting shortly with some of the coronavirus victims who came out of it and you know, he wants to get a sense, their plasma in high demand. Speakers on behalf of the 80 plus percent who survived the virus quite well, will be a telling moment, when we go to the white house, get a tape of the meeting with those patients, what it was about them that made them survive in the first place and thrive. Right now, so much so that their plasma is in huge demand. As man and woman theyre more than happy to help out. Were following that. Were getting a gauge what the president will do with socalled Economic Advisory board. Theyre no
Parts here today. Some are literal. The princess cruise ship is one. Theyre watching throughout the day as it makes its way to the port of oakland. It is supposed to dock around 3 00 this afternoon. Well talk about that, oil off the bat with our buddy phil flynn out in chicago, price futures group, senior strategist at cme. We talked about it last week, phil. You and i were going back and forth about russia and saudi arabia. Now we have the true price war breaking out that has consequences in places like texas and north dakota. Take us through what youre thinking about today . What im thinking about is were learning today, not always is a low price for oil good for everything. There is concerns for banks, oil producers, the general overall market. Having said that, there is some hope, you know, right now with the talks of stimulus. Maybe we can pull off the lows right now. There are old saying in the business low prices cure low prices but this breakup of opec and russia, this opec plu