buying program, small businesses are strug struggling >>> housing prices holding steady the ceo of redfin will be here to tell us the area of the market he is calling toast wow, strong words. kelly. >> yikes the nasdaq is in the green now it's fighting for a 7-day winning streak let's go to bob with more on the market bob. >> it's a little bit of indeterminent trading. we have been trying to get over the end of april highs we would break out of there and we'll be to the march. we have been stalled out here. take a look at the sectors here. you can see in front of you, reits down banks have been drifting lower all month. consumer staples out performing a little bit now down as much a couple of news announcements the fed niensannounced they wer going to start buying the corporate bond etfs. this has been real winner for people who tried to front run the fed anticipating they were going to be doing this up 16% in the last month wells fargo, all sorts of corporate bonds. ge capital bonds are in this thing. the other piece of good news or interesting news is pnc. they own 22% of blackrock. the

. >>> stay tuned for power lunch the ceo of redfin talks about the future of the vacation real estaterket. the trend he's already seeing the. er - [announcer] we've all seen it. the story where the chances are low, and the cost is high. the sacrifice is real. it's all around us. but this isn't a story about how tougher times beat us. this is our comeback story. the time when we rally and come from behind. the time when we defy the odds and get back to work while the whole world watches. yeah, this is your comeback story. and when it's time to come back, we'll be ready. >>> welcome back to the exchange new online retail data shows where customers spent most of their money in april there's some surprises courtney reagan has the break down for us. >> hi, kelly we seen a number of instances where the pandemic accelerated trends or already in place when you're talking about areas of online spending even in under penetrated areas like online grocery. adobe says that daily u.s. ecommerce grew 49% in april. online grocery sales grew 110% from a small basis electronics were up 58%. apparel gre

redfin there. of the coronavirus has highlighted some who cannot work from home.ontinue to want to work from home and who wants the economy to reopen. we will discuss that and more with the survey monkey ceo. that is next. ♪ as more countries and u.s. states continue to ease their lockdown, the question keeps on being asked is it too soon? surveymonkey has been surveying millions of americans about their feelings about the economy reopening and the continuing health crisis. joining me now is ceo zander lurie. you have surveyed more than half a million u.s. adults since mid february. talk to us about what they are telling you in terms of their feelings about the answer to that question. is it too soon or not? zander: thanks for having me on. we have been in the market talking to tenss of thousands of people in the last three months. we saw a spike in anxiety. peaked in mid-to-late march. we have seen a tapering off of folks who are worried about the global economy, worried about their own family health. on your specific question, 63% of american adults tell us they

the ceo of real estate company redfin says the shift towards smaller cities was underway, but between close quarters, remote work options and affordability of smaller towns, this could happen faster.will s homeowners defaulting on loans, the bankers association released a nationwide survey for the first quarter, 4 million homeowners are planning to temporarily reduce or suspend mortgage payments. the highest increase in delinquency rates it was in arizona. the rate of homeowners delinquent on mortgages was at the lowest since the survey began in 1979. >>> i website for those seeking relief, protection as part of the $2 trillion cares act, homeowners can check a website to see if there mortgage or rent is federally insured. you can find the website by going to our website, we have links and are web links section of www.ktvu.com. >>> we continue to recognize the frontline healthcare workers, and when we return, we will take you to nevada, where they will be honored in a few minutes. >>> restaurants have guidelines about what it will take to reopen doors for sitdown customers, and we hav

. >>> shares of redfin climbing today despite a downgrade to neutral talking about valuation sunrisesg the company's advantage of virtual home showings may slow as more states reopen but even if there are more open houses will people show up diana olick is here with a look at the path forward. diana? >> buyers seem to be ready and sellers not so much. we visited this open house in atlanta on saturday where about a dozen masked families came through over the course of two hours. the lack of listings which was pretty bad before the pandemic hit is even worse now. >> i've had two sellers in the last week that were about to list their home fully photographed ready to go and they said, you know what we'll stay put for now. >> reporter: for the week ending may 2 total listings down 19% annually and new listings down 39%. some potential buyers have been touring homes online and agents pushing virtual live tours but some don't exactly like that. >> i guess we looked on zillow but ultimately like to see things in the field and so you just can't get an impression from a camera. >> reporter: now

redfin surveyed home buyers and sellers and found that most would move if they never had to return to the office. expensive coastal cities like san francisco or most likely to be affected by this new love of the suburbs. so are new york, seattle, and boston. >>> grocery stores may be thriving these days, but you can't say to the same for retail. stores took a record plunge in april, dropping by 16%. clothing and furniture stores took the biggest hit. the commerce department says the pandemic collapsed things so quickly that sales are down a crippling 21% overall compared to this time last year. it's the opposite story for the video gaming industry. check this out. sales have soared to nearly $11 billion in the first quarter of this year. that's a record, jumping nearly 9%. that's year-over-year. an nd on everything from digital content, subscriptions, even gaming accessories. nintendo is really cashing in, selling 8.1 million copies of its latest version of animal crossing. we're bored. we're on the computer. i've lived in almost every county in the bay area. they all have so much to

that's redfin. the real estate people. you about us opening up the economy, the pace of it? >> that's right. redfin is a realtor app. a service you use online. it's showing a pickup or indication of customer inquiries so there may not be as much home buying going on but in terms of people inquiring about homes, there is a pickup because home sales are in short supply right now. home prices are up, showing that the housing sector is in pretty good shape, and that's just another piece of evidence that i look at. stuart: one more. you look at uber, i take it. i guess you are looking at ridership and when it troughed and how it's moving up? >> that's right. a lot of millenials mainly use uber. again, from the trough or the lowest point, it has risen about 40%. so despite all the recent layoffs that uber has used -- has made, people are still using uber. we are seeing a 40% increase from the lows. again, showing signs that people are getting back out there as all 50 states have now reopened. stuart: okay. bring it all together.

ceo of redfin says the shift toward smaller cities was underway between the fear of close quarters, remoteoptions, and the affordability of smaller towns, the trend could speed up. >>> coming up next, a new cluster of cases down in southern california, where health officials trace the spread of the virus and why they advise many to just stay home. >>> a man for the bay area suddenly goes missing on mount shasta, my officer say there is a clips of hope in locating him. according to the howell family: auntie jenn's friend and her son can live with them as long as they want. according to the census: it doesn't matter if you're related or not, everyone living in your home on april 1st counts. because this count helps inform funding on how billions get spent every year. and where there are more people, there are more needs. complete the census online, by phone, or by mail. shape your future. start here at 2020census.gov >>> a mysterious illness appearing in children could be linked to covid-19. what a local doctor has to say about it in the case right here in the south bay. for honoring the fro