A troubling forecast that could make the situation worse. Parting students spread the virus. Frustrating administers and fueling campus anxiety. Belarus on the brink. Protesters try to out europes last dictatodictator. And later, a family project with a new twist on story time. Were interested in stories that connect kids to some sense of magic and wonder. Good evening. Hurricane marco is barreling toward the gulf coast. Marco is expected to make landfall tomorrow along louisianas coast as a category 1 hurricane. Just days later and only miles away laura completes the onetwo punch as a stronger storm. Janet shamlian is in R New Orleans where the president approved an emergency declaration. Reporter this is dangerous and unprecedented situation for a wide swath of the gulf coast. Tonight they are getting ready by ordering mandatory evacuations in some of the most vulnerable low lying areas. Oil producers are cleaning rains and pumping drainage canals. Authorities like the louisiana gove
The dollar,ack to so it was not clear what the safe haven was today, and then the vix is lower. Lessinly pricing in a lot risk than we were even a few weeks ago. Murky in terms if the market is hoping for some stimulus to come in. Financials aret your outperformance on the day, probably with that very small uptick. Atlor the senior strategist invesco is still with us. I know you said you favored equities over treasuries, but how does highyield and credit look . I was looking at our highyield barclays index. I thought 500 basis points over treasuries looked at one point, and down further, we migrate. How are you viewing credit at this point . I think we are being incentivized on credit, and i expect we will be incentivized to own credit and i expect we will be for a while. These moves that presage a recession, and that is the time when you need to hold true and by Corporate Bonds and investments that always bemoan the low yields never seem to want to do so. You get the policy response i
Business owners who are frustrated. Reporter plywood is going up outside marks paint mart on telegraph avenue where six win des were smashed friday night by vandals. Makes no sense. Reporter his familyowned business started in 1973, has never been targeted. Were just back open and getting busy again, and now this happens. It just, it makes no sense. Reporter Oakland Police say groups of vandals are responsible for the damage. Paint store Security Camera capture add group outside the store setting fires on the street. They were scraping paint off the floor after vandals broke in, dumping paint inside the store and out. Basically, they just va vandalized the street, sidewalk, broke the glass and paint everywhere inside. Reporter at least a halfdozen businesses were shoveling glass. Which includes a business proudly supporting marches and demonstrations. I know theres a lot of anger, and its sort of a perfect storm right now. Its understandable and foref f forgivable. Reporter neighbors w
The street, sidewalk, broke all our glass, and then paint everywhere inside. Destroyed. At least a half dozen businesses were shoveling shattered glass, including nonprofit east bay depot for creative reuse, which proudly supports recent marches and demonstrations. I know there is a lot of anger, and, you know, its sort of a perfect storm right now. So its understandable. And forgivable. Neighbors emily and james chen were helping clean up the damage. Especially if you support like whats happening, right . Like the movement in the country and black lives matter. Especially if you support that and youre impacted in this way, i think thats really tough. The cleanup here on telegraph avenue could take days. One open City Council Man tells us he has toured the damage, calls it unnecessary and counterproductive. It does not help the cause at all. It actually distracts from the cause, and it arms our local businesses. Police are investigating. Meantime, the big cleanup goes on. In oakland, c
Kron fours dan thorn talk to a local doctor about what that could mean for the next 3 months. Its a grim milestone in the covid19 pandemic 90,000 us deaths over the course of a few months since the outbreak began. Many people are anxious to get back to a normal life, but the numbers tell us the virus is still a big problem its its a big number its not that. Well. And rich. Doctor Michael Stacey with Lifelong Medical care says as businesses reopen and more people get out they need to keep in mind how easily covid19 can spread he contributes some of the numbers going down to shelterinplace orders which changed our behavior, however, the doctor says that does not mean we should rush back to the way things were. I was just just right very rapidly and very easily. If we were to go back like the storm like this we knew before models are projected covid19 deaths have fluctuated over the last few months the latest numbers from the institute for Health Metrics and evaluation show by august more