San mateo taking action against businesses that repeatedly violate the coronavirus regulations. Good evening everyone. Beginning tomorrow, a task force will begin investigating complaints and businesses that do not comply could face 3000 funds. Our reporter here now with more on how this will work. This new Compliance Team will persist the people who already work for the county but in a different capacity. It will not be comprised of any law enforcement. This is something that is aimed solely at businesses that continue to flout the law by not adhering to things like mask rules and social distancing. Even in some cases, operating illegally. They may not think the viruses that serious. If we cannot get them to comply through education, we can find them up to 3000. They said the vast majority of businesses are complying with health roles. Some stubborn want to not. He says the a person Compliance Team in uniform will be sent out to investigate based on complaints. The owner in san mateo
Safely socially distanced himself. One of the things we have really enjoyed during the coronavirus lockdown is coming out to ocean beach. Bringing our bikes. Getting to ride up and down. Having that free space. 2 locals who wish to remain anonymous started a website. The started collecting signatures to make this a permanent part. One organizer said that 70 percent of the signatures are from residence. The other 30 percent are from suffers and cyclist. I think that is a great idea. The more we can diversify transportation and provide options for people to safely ride a skateboard or walk, and be able to take in the great views of the ocean are terrific. I do not think we will miss that one. A long flat paved areas at the park the national park. Accessible to people with disabilities. Making it a reality likely will not be easy. There have been complaints of increased traffic. Traffic mitigation would need to be studied. We are used to coming up here. Were kind of shocked today when we
Numbers, 8 30 this morning. We knew it was going to be bad because bricks and Mortar Stores have been largely shut down, and it was bad. April sales down 16. 4 in april after dropping 8 in march. So heres the market, with just minutes to go to the opening bell. Red ink all over the place but not as bad as it was. The dow off about 180, 25 down for the s p, 121 down for the nasdaq. Thats of course inspired by apple, which is way, way down this morning. What were looking for is how fast we can rebound on the other side of this really bad Economic News. Thats the other side of the coin. The great reopening. Which gathers steam this weekend. There are only a handful of states that are still trying to enforce a complete lockdown. This will be a test of our willingness to get out and about, our willingness to travel, eat out and shop. This is important. We need to open the economy. We need to get back to work. This weekend, i think its a prelude to memorial day next weekend which is the unof
Maybe 50 odd points today. Its a down day, at least at the opening bell. Caution, tomorrow we get the big report on the Service Sector and friday, the big jobs report. If either confirms the manufacturing slowdown, im going to say watch out below. And this, too, may be a negative for stocks. The hong kong shooting tuesday night, an 18yearold High School Student goes down. It is urban warfare. No other name for it. More protests are planned for right now. Dont ignore this. The National Day Military Parade in beijing on display, a series of very modern weapons including carrier killers. That is missiles capable of knocking out an American Carrier battle group. That would change the military balance in the pacific. Thats the asian backdrop to the trade talks, not that encouraging. We are invested in you and we will take you through what may be a nailbiting day. Varney company is about to begin. Stuart this market is likely to open this morning on the downside after a fair sized drop yeste
Sports what that could mean for the stock and the major sports leagues. Halftime report starts right now. Welcome good to have you with us Jenny Harrington is the ceo and Portfolio Manager at Gilman Hill Asset management and also with us on set today is cnbc senior economics reporter, steve liesman. We begin with stocks falling the fourth time in five days adp only adding fears today that the economy is slowing more substantially. Bond yields also falling farmer jim, im giving you the first crack. Dow falls 500. More Economic Data comes out soft i was told on this desk that the consumer is so good that it doesnt matter if the manufacturing economy is so bad, stocks can still go up but the consumer is a lagging indicator. I tried to hit that yesterday. The consumer is strong right now, but thats the last crack to form, okay . What youve got is youve got pmis, all the ism surveys in the u. S. Are finally catching up to whats been going on internationally. Thats been happening for some ti