A warm day out there today, but even hotter weather moves in tomorrow. Well have the details in the accuweather forecast. Its happening three days sooner than expected. Coming up, what San Francisco restaurants are doing to get ready for Outdoor Dining start thing friday. Much of Sonoma County is reopening, but not businesses like this, at least not any time soon. Dropping the cross fit ban. Gym opener s owners are noe taking action. Abc7 news starts right now. Build a better bay area for a safe and secure future. This is abc7 news. Tonight, step by step, the bay area is reopening. It comes despite a recent rise in new coronavirus cases for the region as a whole. The process of reopening has become a delicate balancing act for local health officials, and build a better bay area means reopening the economy without putting Peoples Health at risk. A surprise announcement tonight. In San Francisco, restaurants were given the early go ahead to reopen sitdown dining. But in Sonoma County, wh
Tuesday may just be one of the most happening spots in the bay area. The Sonoma County Health Officer has allowed for restaurants and most other businesses to reopen. This is probably an environment which were seeing more concern and more care than weve seen anywhere else. Reporter good news for pete and vieira, in down from florida. But the situation is not perfect for all businesses. Most are open, yes, but not all. Lifting too many of the restriction toos soon could lead to a large increase in cases. Reporter most gyms, hotels and camp grounds are still closed. And the county Health Officer says opening them will be delayed. Some we talked with said theyre okay with that. I feel like it makes sense to keep the gyms close because it is a place where people can come into contact with a lot of bodily fluids. Reporter on the hotel front, the situation is a confusing one. The metro hotel and cafe is closed for business. Yet when we Hotel Petaluma they were open. Along with the best weste
Chips inhouse. The dollar continues to weaken. 38. 0 two. Lets get a deeper dive into market action. I want to pick it up with the tech strength. We are seeing a number of heavyweights higher. Leadn, facebook helping to the nasdaq into positive territory. Up around 3 . Tech stocks getting another bid here as we see a rally stalling out encyclical areas. To noterally, i want how far and fast we have come. If we look at Global Equity benchmarks, this is a momentum indicator. Over boughticates territory. Remember since the lows back in late march, we have added more than 20 trillion worth of value to the Global Equity markets. I want to talk about other. Sset classes the 10 year treasury is getting a bid today. Down six basis points. We are seeing the curve flattening after the steepening we have seen. That spread between three and 10 year notes. We are paying attention to the fed meeting and what they are going to say about possible yield curve control. Perhaps a weaker dollar. The spot
Taylor even though we mentioned a little bit of a pullback today, the take a look at this chart i am showing inside my terminal. S phe top, the percent of 500 members trading above the average. The highest on record. At the bottom of the screen, the percent with rsi over 70. The highest since 1991. The general tone continues to be a slow grind higher. 500 toive inside the s p some individual movers. Macys has opened 450 stores, but that is not enough to give investors optimism. Suspendedy company their dividends and said they will not reopen at least 150 of their stores. We move up into some of the luxury names. Sales off 52 . They will keep north American Stores shut until july 15. Along with jp morgan, the financials mentioned earlier, selling pressure today, facinglarly the consumer banks. Short positions are back. This is data as of last week. Futures seeing the biggest net short positions since 2015. This is interesting because last week, the put to call ratio was the lowest ever.
Restarting production at his fremont plant. It comes days after he filed a lawsuit against the county and threatened to move his factory and headquarters out of california entirely. Abc7 News Reporter Laura Anthony is outside the plant. Laura . Reporter a lot has happened in the last few days. All surrounding plant here behind me. The reopening comes after a war 06 words on twitter. And despite talks between the company and county, reassuring words from the governor, elon musk decided to defy local orders. But the proof was in the parking lot before he confirmed it. The parking lot at teslas manufacturing plant was teeming with cars, a sign that a good number of employees were back at work. The ceo confirmed it. Tesla is restarting production today against Alameda County rules. I will be on the line with everyone else. If anyone is arrested, i ask that it only be me. Its a bit disappointing that it appears that theyre going forward. I can tell you that the communication between the Hea