Good morning it is 8 00 a. M. At tesla headquarters in palo alto, california it its 11 00 a. M. On wall street squawk alley is live good Tuesday Morning im jon fortt with Carl Quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. That comes as president elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. Tesla is continuing the record run now topping half a trillion dollars in market cap. Making elon musk the worlds second richest person on paper and apple making another concession, carl on App Store Fees a lot going on yeah. We talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether its some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a Biden Administration on top of the gm news yesterday, jon. So there is a lot happening in the ev space and then m
County will join the rest of the bay area on friday as the bay area begins the next step there are still more than 11,000 confirmed coronavirus cases and 390 deaths here are the latest numbers broken down by county, sam, a tail San Francisco, marin sonoma and napa counties have all reported new cases today, but no new deaths have been reported in the last 24 hours. For a complete list of local covid19 cases head over to our website kron 4 dot com at least for now most bay area jurisdictions will follow the same guidelines in terms of slowly winding down the stay at home orders and reopening the economy the last area holdout on opening the door to face to Santa Clara County. But word on that changed today kron fours justine waltman live in our newsroom right now with more just a. While panels of the countys move forward Santa Clara County Health Officials said that there were no plans to ease restrictions but that changed today. And it will now allow Small Retail Stores to offer Curbsid
Very popular spot for wineries and restaurants and she has more for a scale. Sonoma county not met all criteria to move past the states, not timeline but county leaders here they believe the science proves otherwise. 18 counties in california got the green light from governor Gavin Newsome to further ease covid19 restrictions Sonoma County is hoping to make that list the criteria is not the ballot by a u. S. Scientist or a doctor in the cdc. Developed by the state according to the governor to of the criteria to pass the states timeline must have no deaths from covid19 in 2 weeks and just one new case per 10,000 people for 2 weeks while the county has not met those criteria. They believe a request to further relax restrictions is reasonable because sonoma counties infection rate remains low youve been so conservative. In terms of our approach and keeping sheltering in place and froing down or businesses and then we very few infections because of that last week phase 2 of the states guid
Development department promises it is listening thank you for joining us at 10, im pam moore and im ken wayne kron fours dan thorn talks with the edd tonight to learn more about what theyre doing to help people he joins us now live in the city with more dan. Well ken and pam this has been really frustrating time for people across the bay area and in the state of california the edd says that they are working on employment recovery efforts, including cutting down on frustrating wait times for people and right now theyre just asking people to help them help you. The covid19 pandemic and shelterinplace orders are forcing california into unprecedented unemployment numbers in february the state was at a record low of just under 4 . Now 2 and a half months later its a much different story know want to plan for the anti avalanche that we got it will probably going to be looking at a record high Unemployment Rate henri levy with the Employment Development department or edd says theyve been deal
Anticipating moving into early to next week. Contra costa county will decide about that on monday. Santa clara county in the south bay currently remains in phase one and its not yet providing the date on when it will move into phase 2. That decision not to move forward in Santa Clara County is fueling some frustration for Business Owners despite making significant headway in the Hospital Capacity testing in infrastructure. County Health Officer doctor sara cody says conditions there havent changed much. But the San Jose Downtown Business Association very unhappy that local orders dont match what other lawmakers in the bay area and the state are putting into place. Its really frustrating that were all not on the same page here there was a youre going to be open by this date folks can start planning been scheduling weddings again in making plans right now its so up in the air. Everybody still twisting when too much that is no way to run a business thats no way to bring it come back. With