Thanks. The dow giving up its early gains. All three of the major averages are lower. Bob has more on these markets. Bob. Were threatening to go positive here late in the day. I want to show you though were down a bit, the sector lee leadership is still intact russell 2000, another good bay banks stronger and retail keeps going up i keep getting asked about this retail rally were seeing. We get these nice moves every day and some of the retailers, the macys, they are still 50 off of are they were in february these gains, yes, they are there but still big, big declines. New highs, were not seeing a lot of expansion waiting for break out is not really happening e bay and paypal, winnebego hit a new high thats interesting here. Lets talk about whats moving the market remember the buckets we keep talking about. The important thing is the reopening is still going well. The recent economic reports, the ism, the stimulus. Were hearing more from the ecb, more from u. S. , more from japan. Ther
My breaking news right now on the news at 7 00 streaming on cbsn bay area. In the last 45 minutes we learned much more about the deadly officer involved shooting that left a wanted murder suspect dead. It happened in unincorporated san leandro at a motel along foothill boulevard. We go there live. Reporter we are standing at the corner of foothill boulevard and 170th avenue, the shooting happened about a block away from where we are standing at the valeant hotel. The Alameda County Sheriffs Department says a murder suspect out of oakland had barricaded himself inside a room since 11 30 this morning. They negotiated with him for a peaceful surrender for about five hours. Investigators say the suspect came out and opened fire on the deputies around 4 30 p. M. They say deputies returned fire killing the murder suspect. His identity has not been released at this time. He emerged from the room, you could see he was moving furniture and other items out of the way, he then produced a semi aut
A full report from the ground next then hong kong passes a controversial law making it a crime to insult chinas National Anthem meanwhile thousands defy the ban to hold a vigil in Tiananmen Square all right its time to boost your news i. As protests against Police Brutality continue across the United States lines of armed guards have formed as a barrier around the property surrounding the white house here in washington d. C. But who are these guards and what agency are they actually from arties Rachel Blevins is joining us now live from outside of the white house with the latest on this so rachel what can you tell us who are these people. Woman i know we actually have an update for you because while we saw those armed guards that were surrounding this area around actually out right now they seem to. All but disappeared this morning so today we are much much closer to the white house than we were able to get yesterday and right now as you can see behind me there is a crowd of protesters
One College Football player announcing he tested positive after attending a demonstration as covid cases continue to rise in at least 16 states, plus, what could be good news for parents, what dr. Anthony fauci is saying about reonindme deadly flash floods. It now threatens the gulf coast from florida and louisiana as a ready storm sweeps across the northeast. Winds gusting at over 90 mile an hour. Ginger tracking it all. Drew brees backlash. I will never agree with anybody disrespecting the flag of the United States of america. The nfl star under fire saying he still doesnt support taking a knee during the National Anthem. In the wake of George Floyds killing the top players and teammas lashinonia a. The nba bouncing back. Powers in and finishes. Our favorite players planning a big return to the court. What the league is doing to keep teams safe and how disney world may be making the magic happen. Good morning, america. Thank you for joining us again in this tumultuous time. Thousands
The s p 500 and nasdaq did break a threeday winning streak, so closing both lower today. We got data on jobless claims. Really awful. It goes to show you that the wall street recovery since those march lows, up 40 as you just noted, melissa. It is really outpacing main streets recovery. If you look at continuing claims here topping 21 million, it suggests that employers have been slower to hire back furloughed workers. Lets talk about the retailers. It is a particularly painful time for them. Hit first by the pandemic and now damage from the protest although you wouldnt know that from some of the retailers stock performances were seeing today. Take a look at nordstrom. It is up almost 10 . I want to Pay Attention to the gap here. Higher today too ahead of earnings any minute now but they did get hit by a lawsuit, Simon Property group because they hadnt paid their rent. Also the nasdaq 100. It did touch an intraday record high. It has since pulled back as Big Tech Companies pulled back.