Here, the way she decorates it. Reporter the straight edge barbershop is about to open. It is clean up and disinfecting time. We are happy to see customers and we are ready. Reporter even customers coming back, some say 25 capacity is not enough to pay the bills. 25 means only 25 of revenue. So we still have to pay full rent and all my bills are due in full amount. It is not going to be enough. Reporter and no word yet on when more people will be allowed inside. Near by alameda county, you still have to get a haircut outside, some shopping malls are reopen for shopping inside again at 25 capacity. Live in walnut creek, scott budman, nbc bay area news. It is hard to keep together where you can go in and out. We put these maps together to look at which businesses are back in business, hair salons and barbershops, all the counties you see in red, that includes napa and contra costa and marin and santa clara are allowing in doors services. Lets change it for restaurants. The first bay area
Year. Just a touch of cloud cover right along the coast and through the Golden Gate Bridge also a little bit of cloud cover hanging out right over oakland. Thats already burning off and skies growing clear by the minute at this point 50s and 60s for your current temperatures pittsburgh at 66 conquered are warm spot right now at 67. Youre going to carry that through into the afternoon conquered being one of our warmer spots, one of our only spots in fact back into the 90s san jose youll hold on 80s with oakland barely even 70s, staying cool and staying comfortable. Back to you darya. So were seeing an increase a steady increase and not only total number of positive cases, but total number of hospitalized patients in total number of patients in our icu news. There is tightening up today on restrictions and it could happen in all of california to theyve seen an increase in hospitalizations in the last 24 hours. So there are watch areas. Kron 4 Sarah Stinson is live in Santa Clara County,
Still down. That is not eating into stocks. The reason why the tech heavy nasdaq is up higher is being helped out by the faang index. At this point the investors who have chosen to invest alongside the fed liquidity efforts and nuanced machinations. They are benefiting with stocks down just a little bit. Some of the stocks are helping out, the stayathome stocks, netflix reports tomorrow. Theyll be interesting to see whether the stayathome companies are benefiting from all of this. Some are making the point people might be at home, but if they are already a Netflix Subscriber it might not boost their numbers. David that is what i was going to ask. How much of this is an anticipation of some of the tech earnings . Abigail i do not they do it is in anticipating, i think it is the momentum for some of the stayathome stocks that they will benefit. One will be that the crisis will last much longer than expected and those stocks are up. Another idea could be the new normal is forever changed
About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices
For our audience worldwide, this is bloomberg surveillance on tv and radio. Your equity market on the s p 500 slightly positive. 3 . Cpi thursday, ppi friday. Tom inflation is the key dynamic. It was an odd weekend. It is in the zeitgeist, bloomberg reports bond prices up in china and yields down. In the inflation reports, is this tinge of deflation to come in asset prices worldwide . The theme of the weekend was deflation, beginning of deflationary worries into that key inflation report. Jonathan quite a ride in the bond market last week. Taking back a move from friday session. Lots of fed speak out there in the mix. Over the weekend, maybe another Interest Rate hike in the Federal Reserve. Tom it is going to go by the data. Job support, what do you think . Cut that way, cut that way job report . Jonathan still wages are hot. I think the narrative sticks, Jeff Rosenberg at blackrock talked about it that ultimately where payrolls growth goes, we will eventually follow. The fed says, we