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The northeast breeze, and lynn temperatures will get to 100 today for a few. Water temperatures are very cold, fog will be in our near future, not until thursday or friday. 60s and 70s. San jose is 64 degrees. Excessive heat warning is out, at 11 am, going to thursday evening. Possible records today, it will be close for many. All right, we will check in with stephen a moment. The hot Holiday Weekend is getting people outside of their houses, while some follow health guidelines, many others are not. Were joined now by sara for the details, good morning, sara. Reporter good morning, pam, it has been a warm past few days. People want to get out of their house and enjoy the nice weather on memorial day. We saw a lot of crowded bay area parks. Crown beach and alameda county, half moon bay, and San Francisco are some of the spots that we checked out to see if people were following ....
Excessive heat warnings at 11 am, if you want to get something done, whatever it is, get it done. Temperatures are on their way up. If you thought yesterday was warm, today will be warmer. Not so much at the coast. They will pump up within the and temperatures to the mid90s and upper 90s. Temperatures are cold. 4951. The bodega bay will have help going forward, but not until wednesday, maybe thursday at the latest. I hot week ahead as temperatures hit a record setting, tuesday into wednesday. It will be close today but most will be for tomorrow. It will be way above average for this time of year, going back down to average, maybe below by the weekend. Lets head back to pam. The hot Holiday Weekend is getting a lot of people out of their houses, while some follow Health Guidelines, others, not so much. Sara is live with more on that. Good morning, sara. Reporter good morni ....
Rally and 30 points on the s p 500. There arent many things that story thanter the market rally in. Lisa you said it before, fiscal support, more fiscal support, lower rates. This is what is driving it. I wonder at what point fundamentals catchup because we are not seeing the Economic Data to justify this, and yet, people are looking forward to data they are expecting as we see reopening start to take hold. Clearly, what we see in the next few months is common sense sense, an economy that goes from shut down to reopening. You will get that month on month sequential improvement. July will look better than june. August will look better than july, if we can keep on reopening. Part two is the limit of the recovery, the limits of normalization, how dependent we are on a vaccine, on improvement from the science side to really adjust the limits of that normalization. I think at the moment, were focused on the sequential improvement. At so ....
Quickly after the crisis, as u. S. Jobless claims could hit in even bigger number than last week. And daily fatalities continue to rise in spain and the u. K. , as france proposes an economic rescue fund. Lets get the markets. Sixttle weakness in asia, a percent drop for the s p 500 over the last two days. Futures are positive, though, up over 1 , and european futures pretty much unchanged. Its difficult to look at fundamentals, for where equities go. A lot of people looking at technicals, saying there is a range we could fall into in the next few weeks. Is10 the 10year yield steady, but if we see a renewed selloff in equities could more money move into treasuries . The bloomberg dollar index is steady today with yen weakness. Have we found a floor on oil . We are bouncing back a little above 21 a barrel for wti. Now, a classified u. S. Intelligence report seen by bloomberg says china conceal the extent of the coronavirus outbreak within the country. U. S. Officials suggest beijing int ....
You are watching cnbc. Welcome to the show live at cnbc global headquarters. Lets get right to how your money and markets are setting your day up. Stock futures pointing to positivity at the opening bell if these futures hold. S p up by about 15 and nasdaq up by about 81. S p down about 485 points yesterday. Some are selling the safety of bonds. Twoyear just below. 20 and 10year. 65 checking the price of oil. You can see slight positivity. Wti crude back above 20 a barrel crude up a similar amount. This is as a new report that suggests Trump Administration is weighing a plan to pay u. S. Drillers to keep oil in the ground amid that big back stock there is going to matt in singapore a mostly weaker session for the asia markets investors waiting to see the jobless claims weve got a fairly large piece of Economic Data here in the form of chinas q1 gdp china market did manag ....