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San francisco and san jose and low 50s for santa rosa at the moment. 66 right now in San Francisco as we head through our afternoon, 72 oakland and 83 in san jose and 89 for a high in concord. Well talk about that cooldown as we go through tomorrow and ils onthat coming up as well as your holiday forecast. Back to you. This morning, Governor Newsom is expected to tighten stayathome orders ahead of the Holiday Weekend. The recent spike in covid19 cases fueling fears of a bigger surge. Kpix 5s kiet do is live in morgan hill this morning with the governors warning on those big gatherings. Kiet . Reporter good morning. So everyone is adapting to the july 4th holiday ahead of the pandemic. And response that everyone is trying to figure out what to do here. So here in morgan hill, this is home to one of the longest running pa ....
Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit be ....
Positive impact on very sicko individual patients. And of course, jim, we had the announcement today that the fed will begin buying individual Corporate Bonds, not just the etfs that hold those bonds but the actual bonds themselves. That certainly helped. Whats your take this morning . Well, look, i think each one of these can be debunked took this drug for two months. It was okay. I switched to prednisone suddenly we discovered this was a big breakthrough what were the doctors doing . Did all of the doctors get it wrong . Did they realize it was not swelling around the body and just focused on the lungs. Its like, okay, idiots honestly, i love the doctors, theyre great. But come on, how did they miss this and look, david, the gunners all want the stocks to go higher, right . And the fed is buying bonds that we would normally i mean, maybe the fed buys hertz bonds and takes them up to the point where maybe hertz is good. I dont kn ....
Gain i think im looking at the right place, nasdaq composite, up 1. 5 . We are doing well this morning. Now look at this. Novavax started phase one trials of a vaccine with human participants. Results expected in july. Big stock gain. By the way, the ceo will be on the show today in our 10 00 hour. Merck are working with an austrian vaccine maker and they have established partnerships with others in the field. Merck is a dow stock and it, too, is on the upside. 3. 7 higher. Heres the bottom line. There are hopes that a vaccine may be developed more rapidly than thought possible. All right. Im going to show you some of the scenes from around the country this memorial day weekend. Its the official unofficial start of summer. We took every opportunity to get out and have a good time. That suggests the recovery is picking up steam. We will show you more about this in just a moment. Joe biden, he broke out of his basement for the First T ....
Tom joining us now, tom all of these businesses they will be opening up with a number of modifications. Many many modifications, and if any phase applies to the reopening of napas dinan restaurants, its this. Easy does it. He will follow the rules no matter how strict. I ask that you have a facemask on while you walk around my business. Take your facemask off and enjoy yourself. We are asking that they put Hand Sanitizer on the hands, as soon as they have entered the building, and then we have paper menus that are disposable, we have condiments that are single use condiments. If they are open right now, im going right now. Hopefully people coming in will increase the sales and people will enjoy themselves. The safety of our employees and community, being the first one out of the gate, we have to be more cautious than everyone else to make sure we get this right. Remake able to dine responsible. For our purveyors, we really want to ....