Worker training. What is the best way for americans to help themselves cruise lines say theyre the safest place to travel while on the pandemic but is it the safest place for your cash . All that and more on making money. Charles folks, markets moving gingerly but positive this after a highpowered rally spun out of control yesterday t was led by tesla which by the way is in the midst of one of the greatest runs in the market and helping nasdaq up eight out of 11 weeks. Since may 1st, the index as of friday was up 23 this week, riding the coattails of musk and tesla. Finally tesla was moving a little too fast yesterday t spun out out of control. It triggered selling of hot stocks. That coupled with the news of california shutting down businesses everything sort of spun out of control. Along the Way Investors shocked by junes budget deficit, 861 billion in one month. On that note, higher cpi reading prescient for todays trading maybe the fed may be more accommodative. There is a lot goin
On his tweets. A feel good story i cannot wait to talk about. The ceo who is putting veterans back to work. All that and so much more on making money. Charles stocks in the green. Investors digest positive earnings reports. Economic data continues to be positive. You know this week weve been focusing on a couple themes, right . Investment rotation, major breakouts how i think wall street is pricing stock market were learning to live and prosper while coexisting with the virus. Where do we go from here . We want to bring in phil blancato. Your assessment with were seeing in this market. I think we have rotation going on. Cyclical stocks, value names but the break out has been impressive. It has. Were only down 4. 25 on the year. Incredible to see how far weve come. Youre seeing most undervalued names, those left behind bounce back, particularly the banks. Theyre having a difficult year. Im less excited about materials and industrials but that is it an area of the market that is showing
Peninsula through the south bay and into the east bay. Heres a look at san jose that did not receive any measurable rain yesterday. Temperatures mild this morning, mid50s. We will be cooler this afternoon, and even if you see hraeulg little sunshine, we will make it in the upper 60s. Thank you. Later today we could be getting more information from the governor about the next stage of reopening businesses, and that includes places like restaurant dining rooms. The bigger question is how far behind the governor the bay area will remain. Amy hollyfield is live with more. Reporter hi, kumasi, you nailed it when you said that because we know that Restaurant Owners and their customers will be watching this announcement very carefully, but just because the governor and the state decides one thing that doesnt mean thats what will happen in the bay area. Local officials are saying they will probably move slower and more cautiously in the reopening phase. They will be watchinghes wk before they
The new warning for parents. Dr. Ashton en restarting his california ta californ california factory. Saying if authorities arrest anyone it should be him. Abc news exclusive. One on one with joe biden. The democratic candidate for president joins us live on President Trumps response to the pandemic and how he plans to campaign through stay at home orders only on gma. Shooting outrage. A new prosecutor in the ahmaud one of the pilots in the kobe bryant crash fighting back, saying the victims should have known the risk of flying. Ill rise up and rise up new york. The spectacular telethon raising millions for new yorkers struggling with covid19, the powerful performances from billy joel to broadways biggest stars. The kids singing their heart out in the city that never ill rise up, rise like the day good morning, america. What a night. What a lovely way to wake up to hear that, rise up, and creativity for a great cause. Michael, you were a part of it. I was a little part of it, george. It
Masked care to unemployment assistance. The president also activated the National Guard in california, washington and new york. It will cost the states nothing and gives them full control. Hes sending a hospital ship to l. A. The Naval Hospital ship, the usns mercy which is an incredible ship. These two ships are incredible. One on the west coast and one on the east coast and will be deployed to los angeles to add emergency surge medical capacity. The mercy is expected to arrive within a week with 12 operating rooms and 1,000 bed hospital and pharmacy. Sending large quantities of medical supplies within the next 48 hours. Hospitals across the country are running low on protective gear. Kenneth moton has more on the growing crisis. Reporter growing concern inside americas hospitals as doctors on the front lines plea for help. Its a scary time to be a doctor. Reporter the long fear of coronavirus patients has hit new york city. With more than 10,000 confirmed patients, roughly 5 of the w