Weve gone from 18,000 on the dow to well above 24,000. Look at this. The dow is going to be up over 700 points this morning, firmly above 24,000. Thats a gain of over 3 . Weve got a 2. 5 gain on the s p and the nasdaq, 1. 7 . Now, that is a friday morning rally. Boeing sure helps. It is reopening plane production at a plant in Washington State. There are major gains all across the board, especially for big tech. We will have details on that in just a moment. But look at this. The price of oil, sinking. We were all the way down to 18 a barrel at one stage this morning and right now, we are back to 17. 77. Just as plans are being made to help the flat on its back energy industry. Gas prices, look at this, down again. 1. 82 is your nationwide average and its still coming down in wisconsin. Can you believe an average price in that state of 1. 25. I will say it again. 1. 25 in wisconsin. All right. Can you believe this. Speaker pelosi says no to more help for Small Business. The money has r
Consumer stocks like kimberlyclark and chi pochi pot lay showing signs of strength. Well take a deep dive on the debate over how and when to reopen the economy well speak to the mayor of las vegas, who has called the a stayathome order in nevada total insanity and floridas Lieutenant Governor and well speak with cme ceo terry duffy about the wild swings in the oil market those negative prices. And billionaire harold hamms call for an investigation of crude futures trading. Lets drill down on the big stories we are watching. 59 minutes left of trade mike santoli tracking the market rebound. Phil lebeau has fresh comments from deltas ceo on the back of earnings and meg tirrell with the latest on the race for a vaccine. Mike, start us off with the market and the rebound were seeing today yeah, sara. Down about 5 in the s p 500 from fridays close through two days of trading, getting back in a very gentle way i will say today, kind of lowvolume trading. About half of that, not quite half if
Give truckers more time at rest stops . First, to our top story. Wework says job cuts will start this week. The struggling Office Sharing startup said that cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs will be eliminated, some 16 of weworks global workforce. Ellen huet joins us with more. What do we know about these layoffs and where it fits into their broader strategy of slimming down, if you will . Effort that has been going on in bits and pieces but it sounds like based on this new memo that the executive chairman sent this morning, it is going to start in earnest in the u. S. This week. They had already been starting to have some layoffs overseas and there have been some cuts in side businesses like meetup and other side businesses they owned, but it seems like maybe this week is going to be the big time. They had originally scheduled an all hands meeting for tuesday and another part of the memo says the meeting will be moved to friday.
Northwestern quadrant of the state of california, we are getting some precipitation and thats pretty moderate rainfall as well. Live Doppler Radar encompassing the bay area. We have mostly cloudy skies, a little bit of clutter out there by the antioch area. Otherwise no raindrops as of yet. Temperatures are currently into the 50s at some good sleeping weather in throughout the tri valley at 52 degrees. And later today going up to 77. I got to tell you, in case you forgot, average high temperatures are low in mid 80s this time of the year. Not going to realize it. Ill tell you when you will, and well track that incoming system together. And pam, thats still coming up in a matter of minutes from now. But first things first. I believe Sal Castaneda is in the house. And id like to say good morning, sal. Good to see you, roberta. Good morning to you. Nice to see you, too. Here we are, bright and fresh on a monday at 401. Boy, its early. All right. Lets go out and take a look at the bay brid
Said she said can you speak into the mike . Were leaning together and trying to knock down the obstacles as they go and we definitely differ on kind of the driving forces as to when things were ready to be advanced, the permitting, versus when they were to be advanced to permitting and we can get this and it will be in the coming year and our focus right now is to lean in and make sure that we address the issues and the truth is that right now distribution, the state of completion of distribution of the utilities throughout the building is not where it should be. Whether or not theres water or not you need sinks and toilets in place to have an operational facility. You need racks populated and you need transformers tested and some of them are constrained and some of them are not and, again, i think that as said over the last last two years that we have been here we have all leaned in and been as collaborative as we can and pushed where we can and we meet every week and try to take down