50s and 60s in santa rosa and san jose. Morning fog with cool lows with some errors in the upper 40s. Warming to hot with an onshore breeze. The fog will retreat slowly for some. Thunderstorms over the mountains. And temperatures, if you like the last couple of days, not much change. Near average. Highway 17 s. , you want to focus on that first . We are looking at that. I was 17. And looking at other commutes but first we will look at the bay bridge. But yes, we will get to hide something. I want to remind people that the bay bridge does have a backup in case you have not seen it. See mentioned i was 17. In case you havent heard, there was an overturned truck stop on something at the summit. Northbound traffic has also slowed. Bigger problem force up on something. We will update that all morning long until they clear. Lets get back to the headlines. Arthritis put out a fire in pittsburgh and rescued one person after regards went up in flames overnight. It happened at 245 on crestview d
Record highs that has the nasdaq setting a record as well better than expected home sales in the u. S strong activity numbers out of europe as well uk, australia to name but a few. Were up, sarah, nearly 1 on the s p 500. Ahead on todays show, a big first on cnbc interview with howard marks fresh off his latest memo. He said the odds are not in investors favor and whether he sees any opportunities right now in the market plushgs connecticut has certainly seen an encouraging dropoff in coronavirus numbers of late. Well ask governor lamont about his advice for states like florida, arizona and texas that are seeing their cases swell and how hes trying to keep those cases out of his state lets focus in on the big stories were watching mike santoli tracking todays rally. Meg terrell has the highlights from Anthony Faucis congressional testimony and phil lebeau is covering another volatile session with the Airlines Start us off with the Broader Market on the three month anniversary of the ma
It is fascinating because the stock is up 67 , at the highs of 74 , on pace for its best day. On the hope that they may be will come up with a vaccine. Markets are so excited for the possibility of a vaccine against this virus. David not just the markets. I think all of us are excited. In the meantime weve been hearing from dr. Fauci from the nih talking about the prospects of reopening and what the risks are. Are the markets reacting to what he is saying . Abigail not all that much. His remarks are more cautious that a vaccine will be available this fall. The idea of herd immunity, not a lot of positive commentary. These are the major averages fluctuating. Not a huge reaction. I would say there is caution. One of the pieces of news on the day that weve been talking about is some degree, especially yesterday, the bond issuance. A piece of this has been on the idea the fed will step in and buy some of these credit etfs. Today is the day they start the at. Investment group they start tha
States, again launching these initiatives right now to really unwind this process. By the end of the week the country as a whole will be 50 freer, if you will, or less locked down when all of this started. So that is a Big Development here. As people get back, a lot of them look forward to the memorial day weekend which they can see themselves going to beaches and the rest. The trend is share friend. Certainly concerner of wall and broad a very big trend at that. Well pick that apart with technology action, retail action, oil action. That has been dancing today. It is interesting to point out right now the dow and the s p and the nasdaq, forget about the nasdaq, already in positive territory on the year, it is not more than 5 from alltime highs, my friends, alltime highs. When you look at the dow and the nasdaq, they are respectfully down 13 , 9 , from where they started, when all of this was careening. Think about that, how much of a comeback the markets have seen. A lot of it built o
The economy continues to rage on. I will get reaction from trump attorney jenna ellis in just a moment. And what did china really know . Was this virus released in a lab . Where does our relationship with the country of china go from here . I will get answers from Florida Governor rick scott. All that and more on making money. Charles well another morning of disappointing Bank Earnings and reminders of just how quickly economic carnage can pile up when you shut the economy down. But markets continue to also exhibit some spunk and attract buy on dips even on bad news, folks. So what is motivating markets . I want to bring in money map suppress, Keith Fitzgerald and point view Wealth Management david dietze. Keith, let me start with you. The dow is down. I dont consider the dow fob the market. There is no google, amazon, facebook or utilities and boeing has too much influence. S p for the most part higher. Nasdaq soaring what do you make of resolve were seeing these days versus two or th