Emergency Small Business fund, 75 billion for hospitals. The democrats claim its their victory and already, senator schumer is planning another 150 billion package, this one for local governments. Is all this enough . In my opinion, not if we dont get back to work soon. We have to open up the economy to avoid economic disaster. Elsewhere, the president says he will sign an executive order today suspending green card issuing for 60 days. This does not apply to guest workers or agricultural workers. To the markets. After two days of sharp declines, weve got an uptick. The dow looks like it will open with a gain of close to 400 points. That is 1. 7 . S p up 1. 8 . Nasdaq up 1. 6 . Green arrows across the screen. There are some standout stocks. Netflix nearly 16 million new subscribers. Their outlook, though, is cautious. We will get into that. The stocks down eight bucks, 1. 8 . Look at chipotle, doubling their online orders in the month of march. Chipotle is clearly a lockdown winner and
And the list goes on, good evening everyone, im julie haener. And im frank sommerville, working from home today. Or than half 1 Million People around the world now have the coronavirus, the United States has surpassed china and leads the world in the number of confirmed cases of the coronavirus according to the latest tally from Johns Hopkins university. The United States, china and italy, all have more than 80,000 cases. Unemployment claims hit a record of 3. 28 million last week, thats more than quadruple the previous weekly high setback in 1982. Many states are overwhelmed and economists expect it will get worse. On wall street stocks surged despite the appointment numbers, traders are anticipating passage of the massive coronavirus ada bill. The dow gained more than 1300 points today, nasdaq rose 413 and the s p was up 154. The relief bill is the president desk as soon as tomorrow. Jana katsuyama joins us live and she spoke with a labor economist. Is there a sense this bill will be
Fafr path forward as the company sets its sights on reopening. The groups president josh bolton will join us in a minute. Kelly. All right. Thanks very much we have all of these market angles covered bob is covering stocks for us. Steve digging into the jobless numbers and kayla on the latest from the white houses plan to reopen the economy lets start with bob on this choppy market session. Bob. Choppy. If you look at the s p, very narrow trading range look underneath the hood and youll see some sectors really doing very, very well and others getting beaten up pretty badly today. In fact, all throughout the week tech stocks are holding up well. Semiconductors have doing well nvidia is doing well microsoft has regained not quite but almost all of the losses it started with in february amazon and netflix all sitting 52 weeks high. Elsewhe elsewhere, look underneath the hood here. Energys horrible week industrials are having a tough week bang stocks are getting clobbered. We have earnings
A family stuck in peru, after that government closed its borders and canceled all flights amid the covid19 outbreak, hoping to come back home soon. Tonight, a Bay Area Hospital tells us they need supplies. Well tell you what theyre looking for average break from the rain tomorrow, before a cool and wet system arrives on tuesday. Abc 7 news starts now. Good evening. Im eric thomas. The number of coronavirus cases in california has exploded over the weekend. There are now close to 1500 people infected with thousands more awaiting test results. The number of deaths is steadily rising, at least 27 people have died from coronavirus. President trump today declared a major disaster decoration for the state, because of the pandemic. Santa clara county reported two more deaths today from the coronavirus pushing the regional total up to 13. It is by far the most cases in the bay area, topping 300. But every county now has reported cases. Napa county, confirming today, two residents there have be
Following the shelterinplace orders. Kpix 5 is live in san raphael with the crackdown. Andrea . Reporter well, elizabeth, from the beginning of this shelterinplace order, the term voluntary compliance was tossed around pretty handily saying they wanted people to follow these instructions without any question. That mood seems to be changing among law ebb forcement looking to help out their brethren in hospitals. On the streets of downtown san raphael, things are quiet. Parking spaces empty, a sign that says social distancing and the shelterinplace are being taken seriously, but the San Raphael Police officers are looking to intervene. Were looking at doing voluntary compliance first, but if push comes to shove and people will not listen to the Public Health order, we are prepared to issue citations. Reporter two for violating the order have already been issued. Who had other charges on them, so it wasnt specifically just for that, but they were also violating the Public Health order. Re