Semester online. 4 of the 23 campuses happen to be in the bay area. Lets start with Governor Newsom here issuing strict and detailed guidelines today for restaurants, malls, and offices once they are actually allowed to reopen. Its not going to be anything like what youre accustomed to. Were in a whole new world now. Abc7 news anchor dan ashley live in the newsroom with more. Hi, dan. Hi, larry. Youre right. Clearly, we are not going back to the way it was. It is the new normal. The governor announced the new statewide guidelines at his new News Conference today. Keep in mind just because we have these new guidelines doesnt mean we can start making restaurant reservations. Were a long ways still from that. The final decision on reopen willing be up to the state not to the state, but to each california county. And here in the bay area, we are just not there yet. To date we are now making public the guidelines a number of other industries in this state, including the restaurant industry.
Our Investment Committee today will debate it we are in the red for the s p and the dow. Were off the session lows like carl pointed out, it may have had something to do with the headlines coming out of the new york Governors Press conference where he mentioned a phased out idea starting this friday the dow industrials only down 140 points the s p down the nasdaq is tech stocks up half a percent 9165 the level there our Investment Committee are making some moves today. Steve, youre seeing a couple of things happening in your portfolio. What have the recent moves done whan and what are you trading in and out of im not trading out of much i did sell some peleton. It worked out tremendously well. Not quite a double but fairly close. I still have some left what ive done is and i did this on friday afternoon is i added to baba in expectation of disney opening in china because i thought that would lift the market ill reduce that position back to a core position i bought some out of the money
Record that we saw back during the financial crisis of 2000, march of 2009. Jim, stunning though the number is, of course, we also have the stimulus or socalled lets call it more of a recovery act making its way through the congress the house set to act shortly on it were going to be joined by the treasury secretary, Steven Mnuchin, about 15 minutes from now to discuss that. And so many other things in the economy. What is at the fore of your thinking as we get started with trading a half hour frau noum . The gap we have 3. 2 million that file claims obviously, money comes for them, but i want to know date that the check is in the mail how it comes, how you get it, will it make it so that Small Business stays alive medium sized business stays alive, and is it enough to keep them alive for the pandemic . Is it one month, two months . How long does the 2 trillion last because this number is so big, and i dont think its peaking we have to be sure the American People themselves dont have r
Though still awaits aprooul from the house of rep sentives. That vote expected tomorrow. Jobless claims surging above 3 million americans, far outpacing the record of 700,000 and also well above what economists were looking for around 1. 5 million unemployment claims and the virus itself remains front and center for wall street as italy reports more than 6,000 new cases, the most in five days, the worldwide total now shy of half a Million People wilfred. All of the sectors of the s p higher up 4. 7 . All higher, but one to keep an eye on is energy it has been the best performing. Its now towards the bottom. Still up by 4 oil prices slipped a lot this afternoon. Theyre down 7 , so well hope that doesnt drag the rest of the market lower weve got a huge lineup of gu guesting coming your way, ceo of General Mills, plus peter orszag whether he thinks the stimulus bill is enough to ease the pleading and well speak with the ceo of hertz about their program the give free rentals to new York Ci
36 in clear lake. Here is the plan for the rest of the day. 10 00 we have showers, cold temperatures in the 40s. The rain pulls out of the north bay by about 1 00. Its still raining though from san ramon, Mountain View and the south bay. By the evening hours we get a break but we are looking at a chance of a thunderstorm as we take you through your monday morning, which still has a level one on our storm impact scale. Liz . Thanks, lisa. Happening today, in just hours, well be getting an update on the first case of Community Spread coronavirus in Sonoma County. County leaders say this is an employee at the the rower in Park Health Center believed to have been exposed from a jours sou source outside the facility. The employee is in selfquarantine. A second patient has been tested with result pending. Details today at noon. Health officials will be giving a press Conference Today at noon. While you were sleeping new bans on public gatherings took effect in a few counties. Santa clara cou