Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
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In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Wildfires are destroying property, running up huge losses for property insurers and putting a strain on economic activity along the West Coast that could linger for a year or more.
Gov. Gavin Newsom on Friday provided details on California's new simplified, four-tier, COVID-19 guidelines for counties to reopen specific business sectors based on what health officials have learned about the pandemic in recent months.
The pandemic has pushed food insecurity to levels not see in decades and people are relying on food banks more than ever here in the Bay Area.
With the drop in tourism and anti-China rhetoric from national politicians, San Francisco's Chinatown has been one of the areas especially hard-hit in the pandemic.
California unemployment claims have climbed to their highest levels in nearly three months as surging coronavirus cases halt plans to reopen the economy, and an extra $600 in weekly federal unemployment benefits is set to expire at the end of the week.
San Francisco mayor London Breed told residents there is little time left to get COVID-19 cases under control before we could see another large outbreak.
California experienced strong job growth in June, adding more than a half million jobs to the state's economy as the state began to reopen businesses shut down to stem the spread of COVID-19. Still, business leaders worry the gains could be jeopardized by rising numbers of coronavirus cases.
Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation's official death toll from the coronavirus closed in on 100,000.
As Contra Costa County entered Phase II Tuesday, easing restrictions and allowing many retail businesses to open for curbside pickup, a number of shops decided to stay shut down.
As businesses slowly begin to reopen, officials are asking two major questions: how can we afford to open up when the virus is still just as dangerous and how can we afford not to?
House Speaker Nancy Pelosi on Wednesday defended the stunning $3 trillion price tag on Democrats' pandemic relief package as what is needed to confront the "villainous virus" and economic collapse.
Even with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They're up 4.1% for 2020.
With new unemployment figures showing 20 million American jobs lost in the month of April alone, KPIX 5 asked two Bay Area experts to explain where the U.S. could be headed at this historic economic moment in time.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Governor Gavin Newsom on Monday offered updates on the state's plans to track and trace contacts made by diagnosed cases of COVID-19 and said some low-risk businesses would be able to reopen as early as Friday.
Gov. Gavin Newsom on Friday said a record of almost four million residents in the state have filed for unemployment since the beginning of the coronavirus emergency in March while promising California he would soon be making important moves toward reducing shelter order restrictions.
At least 3.2 million Californians have filed for unemployment since the coronvirus outbreak began with about one in six American workers having lost their jobs in the past five weeks.
San Francisco International Airport looks like ghost town these days as travelers stay home due to the coronavirus stay at home orders.
The Dow Jones Industrial Average fell 631.56 points, or 2.7%, to 23,018.88, and the Nasdaq was down 297.50, or 3.5%, to 8,263.23.
Bay Area business owners have already made big changes due to the coronavirus pandemic and are willing to make more, but they're not sure how feasible Gov. Newsom's plan to reopen the state is.
The reopening of cities and the return to normal life cannot be rushed and won't happen until a vaccine is available, and that's still at least 12 to 18 months away, experts say. When society reopens, it will be slow and happen in stages.
Congresswoman Barbara Lee talks to BR host Jan Mabry about the coronavirus, its impact on African Americans and communities of color, and the work she's doing on the part of her constituents to ensure their economic recovery.
The COVID-19 pandemic has not only forced many to change their lifestyles but also their careers. With bills left to pay and no income coming in, many in the Bay Area are looking for work.
The San Jose City Council unanimously approved Mayor Sam Liccardo's proposal to place a temporary moratorium on housing evictions for people economically affected by the coronavirus and are having trouble paying their rent.
Schools in the San Francisco Unified School District are closed for a second day on Tuesday, as thousands of teachers remain on strike.
The Detroit Tigers announced Tuesday that they signed Justin Verlander, a 42-year-old free agent, to a one-year, $13 million deal.
Authorities in Monterey County have arrested a man on suspicion of attempted murder after he allegedly stabbed a woman while driving on Highway 101 in Salinas over the weekend.
FBI Director Kash Patel posted videos of a person outside the home of Nancy Guthrie, the mother of Savannah Guthrie, on the morning of her disappearance.
One of the items that remains at an impasse is increased resources for special needs children.
Schools in the San Francisco Unified School District are closed for a second day on Tuesday, as thousands of teachers remain on strike.
The Detroit Tigers announced Tuesday that they signed Justin Verlander, a 42-year-old free agent, to a one-year, $13 million deal.
Authorities in Monterey County have arrested a man on suspicion of attempted murder after he allegedly stabbed a woman while driving on Highway 101 in Salinas over the weekend.
FBI Director Kash Patel posted videos of a person outside the home of Nancy Guthrie, the mother of Savannah Guthrie, on the morning of her disappearance.
One of the items that remains at an impasse is increased resources for special needs children.
Schools in the San Francisco Unified School District are closed for a second day on Tuesday, as thousands of teachers remain on strike.
One of the items that remains at an impasse is increased resources for special needs children.
Teachers in the San Francisco Unified School District began striking Monday after the union and district were not able to reach a deal over the weekend.
An accident involving a cable car in San Francisco on Monday left several passengers with minor injuries, authorities said.
World-class chefs, players, and fans united Saturday to tackle a common opponent: hunger.
The legacy of the Black Panther Party, founded in Oakland in 1966 to protect the Black community while demanding freedom and justice, lives on through an award-winning walking tour.
A man who was arrested for allegedly refusing to leave an East Bay casino later died in custody after experiencing an unknown medical emergency, police said.
The Henry J. Kaiser Center for the Arts was filled with sports fans for one of the biggest games of the year, the Super Bowl.
On Sunday, after more than a year, EBMUD began inviting boats back to the water, but they're being very careful about it.
Three men charged in the 2021 fatal shooting in Oakland of retired Bay Area police Sergeant Kevin Nishita have pleaded no contest ahead of a murder trial, prosecutors announced Friday.
Authorities in Monterey County have arrested a man on suspicion of attempted murder after he allegedly stabbed a woman while driving on Highway 101 in Salinas over the weekend.
According to the DOJ, Tillman said he set fire to the U.S. Post Office in San Jose to "make a point to the United States Government."
Authorities are searching for a suspect after a woman was killed in by a hit-and-run driver in San Jose over the weekend.
Six people were rescued after their boat capsized in heavy surf off the coast of Santa Cruz over the weekend, officials said.
At least five people were hospitalized after a shooting in downtown San Jose that took place following the Super Bowl late Sunday night.
One of the suggestions is the complete renovation of the Canal District shoreline, removing about 550 existing homes and raising the land high enough to safely redevelop on top of it. It is projected to cost nearly $2 billion.
A bank employee was among three people arrested in a series of armed home invasion robberies in Marin County of people who had withdrawn large amounts of cash, authorities said.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Four suspects remain at large and two were arrested after an armed robbery at a Petaluma jewelry store on Saturday, police said.
A Bay Area environmental group is pushing for more restrictions and protection at one of the largest shale reefs in North America. As part of its proposal to the state, all fishing would be banned.
The Detroit Tigers announced Tuesday that they signed Justin Verlander, a 42-year-old free agent, to a one-year, $13 million deal.
San Francisco 49ers defensive lineman Keion White was shot and injured early Monday morning in San Francisco, the team confirmed.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
When a fan ran onto the field during the Super Bowl, Patriots player Kyle Williams ran to track him down.
Authorities in Monterey County have arrested a man on suspicion of attempted murder after he allegedly stabbed a woman while driving on Highway 101 in Salinas over the weekend.
FBI Director Kash Patel posted videos of a person outside the home of Nancy Guthrie, the mother of Savannah Guthrie, on the morning of her disappearance.
San Francisco 49ers defensive lineman Keion White was shot and injured early Monday morning in San Francisco, the team confirmed.
According to the DOJ, Tillman said he set fire to the U.S. Post Office in San Jose to "make a point to the United States Government."
Authorities are searching for a suspect after a woman was killed in by a hit-and-run driver in San Jose over the weekend.
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
A Bay Area woman with a long list of accomplishments in her young life, including being recently named to Forbes' 30 Under 30 list, has created an AI tool to help families do better financial planning.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
One of the items that remains at an impasse is increased resources for special needs children.
Democratic leaders a say White House proposal doesn't make the grade as they demand new restrictions on ICE and threaten a shutdown of the Homeland Security Department.
One of the suggestions is the complete renovation of the Canal District shoreline, removing about 550 existing homes and raising the land high enough to safely redevelop on top of it. It is projected to cost nearly $2 billion.
As the deadline approaches for Gov. Gavin Newsom's executive order mandating California state workers return to in-person work four days a week, there is a new bipartisan effort to change state law and allow the current telework structure to continue.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
San Francisco Unified School District superintendent Maria Su spoke to reporters Tuesday morning, as the teachers' strike enters its second day.
For a second day, teachers in the San Francisco Unified School district are on strike. Multiple resources are being offered for impacted students. Veronica Macias reports.
Expect increasing clouds Tuesday morning, with showers starting in the afternoon. In the evening, thunderstorms, lightning, strong winds and hail are possible. Jessica Burch has the forecast.
Amanda Hari reports on ongoing strike in the San Francisco Unified School District . Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
John Ramos reports on a study that presented the city of San Rafael with options on how to protect the Canal District from flooding. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.