the board of governors meeting to face the fate of the season we'll talk about that with the sacramento kings co-owner and former facebook exec chris kelly. the s&p hit 3500 for the first time ever today. we'll be back in just a moment >>> inflation can have longer term imflanflation expectations. >> that issed fed chairman jerome powell resources ago announcing the central bank's major new policy sheaf resulting in another record setting day for stocks intraday so far and paul mccully joins us now paolo, good morning. >> good morning. >> i want to get to what does this mean for bonds and bond funds? rates are not going up any time soon, but the fed wants room to lower them if there is a people. what does this mean? >> bonds don't have any intrinsic value in this new world. doesn't mean they're bad investments. they're anchoring people's portfolios but the fed passio passionately wants inflation to go up. i think the big class is the risk area and equities that are being reflected in the marketplace today. the fed wants this economy to run hot nap is good for equities versus bonds full stop >

sacramento. time for a change with the kings. after 14 straight seasons and no playoff berths, vlade divac is out as the team's general manager. he joined the organization back in 2015 as the president. took over the general managerial chores and didn't get it done, really, they never built a true contender, and they're calling it a resignation. i think we all know vlade divac, who was a fine player in this day, mostly with the l.a. lakers, was fired. that is the sporting life. like i say, beautiful night for baseball, even in san francisco, giants and a's, we'll have highlights of game one of the series tonight at 10:00. andre, cristina, back to you. >> looking forward to it, mark, thank you. and thanks for joining us tonight here on ktvu. big bang theory is next. our live coverages continues at 7:00 over on ktvu plus. have a good evening. oh, hey, if you guys are free this weekend, i won a night of wine tasting from work. that sounds fun. mm-hmm. how come scientists don't win free stuff like salespeople do? 'cause we're not in

technology billionaire and sacramento kings over there for helpsd dv said a spac them capture the greatestealth opportunity in history, miles away from where they were a couple days ago when the perception of spacs was dim at best. >> they were kind of sleazy, people didn't know the companies, investors. then in the early 2000, citibank became the first bank to work with spacs. the ipo market had shut. point are at the spac where it is a better path than an ipo. sonali: privately held firms are choosing spacs because they pose fewer regulatory hurdles. they can get access to public markets faster and without jumping through the same hoops as an initial public offering. investment banks like spacs because they bring in substantial fees. oppressed expectation for ipo's, spacs have generated more than $800 million in fees for credit suisse, goldman, citigroup, and others. but spacs are not without risk. many produce deals that fail to produce returns. in that time, the s&p rallied more than 200%. but wall street is betting that spacs will fulfill their promise and that today's spacs will matc

from bow capital and of the sacramento kings.arkets may be most preoccupied with the stimulus talks happening in washington. steve mnuchin and nancy pelosi meeting but still far apart. mnuchin isear that confirming that the white house will not accept the democrats offered to drop a trillion in their package, should the republicans go up a trillion in their package. we may see some distance, and that may be reflected in a negative tone in the markets. utilities and real estate are holding their ground. but tech and 7%, energy are fading today, among the concerns that we are seeing today on the front of the stimulus but also the jobs data. it was a rebound off of that low. 1.70 6 million. that drops the overall unemployment rate to 10.2%, but it is in the context of where we have been. all day, bloomberg has been talking to economists and officials about this. >> i think the continued rise in payrolls -- and bear in mind, jonathan, this is a hotspot. market continues to heal but it is on a moderating pace. the last two months, job

let's get to deirdre who joins us with the sacramento kings co-owner deirdre?ank you he is also the founder of boek capital listing their blank check company today on the nasdaq >> good morning. it's great to be here. >> now, in the past it has proved easier to raise money for spac than putting it to work what is your timeline to find a company and what makes you confident you'll be able to do so in the one to three billion enterprise range in the tnt space? >> we have a database of 1500 to 2000 companies and we've seen the first deck and the second deck and we've been working with these companies for years. and we have about 150 companies that are spacable. we think that there's a lot of rocket ships out there that are going to need the rocket fuel that spac can provide. >> and what's your timeline? >> well, i hope to execute on it very quickly i hope that we'll have something in the bag in the not too distant future >> explain the dynamic to us a little bit we know that there's been a huge surge in popularity for this kind of vehicle, but what happens if you

the brooklyn nets have confirmed their place in the past the window of his sacramento kings charles holland with 17 points and 11 rebounds for a double double as it's called and joe harvest was on 4 and 53 pointers the kings. and still reach the playoffs but time is running out with only 3 times left supply of funding to the and the montreal canadiens advance to the stanley cup playoffs i beat the pittsburgh penguins to nothing to clinch the preliminary series 31 joining montreal and i was playoffs with the chicago blackhawks who edged the edmonton oilers 3 turn over this fall from our consumer light thanks very much for a while don't forget you can always find much much more on our website including all the latest of what's happening and lebanon and in israel al jazeera dot com. that is it from main a study a table i will hand you over to maryam and london will have more of the day's news in just a moment stay with us. soon as the sun goes down sadly russia is a very challenging place to work from has begun to live you know if anything of value to a lot of the fans of most always on good l

the brooklyn nets of confirmed their place in the playoffs after 119106 win over the sacramento kings on friday jarrett allen's called 17 points and contributed 11 rebounds for a double double while joe harris was on form from outside the paint with $53.00 pointers from 7 attempts for brooklyn the kings can still reach the playoffs but time is running out with only 3 games left to play meanwhile the philadelphia 76 is made of 3 wins from 3 things 28108101 win over the orlando magic tobias harris contributing 23 points and 15 rebounds for the delphia both these teams are assured of a playoff spot. an oakland athletics bench coach has apologized after raising his arm in a nazi style salutes while celebrating a win ryan christensen 2nd from the right here forgetting about the coronavirus protocols and attempting a high 5 after a 64 win over the texas rangers the club have also apologized for the offensive gesture. meanwhile the miami marlins had some good news on friday francisco severely homerun helping them to a 43 win over the new york mets it's a 6 straight win for miami who had 10 g

. >> in the next hour, we'll discuss with the co-owner of the strem sacramento kings, chris kelly, allhis we're back in two. traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. one under the radar trend could be bullish for the recovery. find out more on trading nation. more "squawk on the street" in a minute a rival of tesla making a public debut ticker xpve. joining us is the ceo. good to have you >> good morning. how are you? >> good. what a time to come to market given all the anticipation about the future of electric vehicles andautonomy. your cars are mostly designed for driving in china and all the ca complications that brings. >> we developed what we call smart evs in china we have two products one su

the sacramento kings were my favorite team.and in this particular moment, it doesn't matter how rich you are. it doesn't matter how educated you are. this kind of racist state sponsored violence is a threat to over single black person in this country. i'm sick of pea people saying, if there was just calm, no rioting. i lost a friend and i have flashbacks in that moment when i had the 17-year-old has protesters and was brought back alive. but a black man that is shot in his car with his kids trying to break up a fight, this is why people are angry. this is why people tear down buildings. in a functioning society, in a functioning environment, we'll be addressing this pain rather than fighting about narratives. and i'm proud of chris and i'm proud of kenny and i'm proud of anybody else that is listening. >> 23r9 business aspefrom the b this, to have the players and the teams come together and say, you know what? we're stopping. we're going to wait until this situation finally is addressed in a real way. i can't imagine anything m

look at a per capita rate, the highest current curran county with kings and stan slauv closer into us as having rates and the sacramento valley we seen a move from urban populations. we're starting to come down to more agricultural world populations. and as part of that, monterey and san bo innito have high rat as well. >> all right. so if that is what's changed, the places and the populations where we are seeing the surge, what does that say about policy or steps that we need to take? any changes? >> no, i mean, you know, a lot of this is work-place exposures. a lot has to do with housing stock. a lot has to do with how people get back and forth to work. i think we can only reiterate the advice about masks and social distancing. it's hard to socially distance when you are living in a garage with four other guys and work in the fields all day long. you know, it's just tough. around, you know, i think that the in san francisco we have the luxury of a lot of extra hotel rooms. >> are you right. >> who need to be isolated. you know, that doesn't exist in mendoza. >> you are right. >> that's a loose end. that's a big loose

. >>> luke walton and the kings court toatbuer, gh start in thef orlandorof 1st and never let up, they led by as many as 36, sacramento will fall to 0-2 in florida. we >>> that's it for us at 5:00 and we will see you back here at 6:00 for a full hours of news. >> that's all for now, we will see what 6:00. >> thank you very much. captioning sponsored by cbs >> garrett: tonight a brand new mission accomplished with the first splash dunn in decades. spac ia breakthrough completes a space station rendezvous and returns with astronauts on board. >> splaisdown-- splashdown. welcome back to planet earth and thanks for snrying spacex. >> garrett: also new waves, coronavirus returns to states that thought they had the upper hand. deaths surge. >> we are in a new phase. >> garrett: in washingtosleovn go. >> garrett: plus california battles raging wildfires east of los angeles. virus-battered florida hopes for a side siep from isaias, the queen of the skies flies into history and later o

month when an suv went off the side of the car kings bridge are now demanding changes be made to that page. families holding a march yesterday in sacramento. i went to the caltrans building demanding the page be made safer. two other crashes have happened on the page within the last year. friends and family of the victims say enough is enough. >> they have a very steep curve. when that curve comes up, they lose control and attend to hit the same area. all this could be prevented if they put a guard rail or raise the wall. >> no car, no motorcycle should go over that bridge. none of these lives should have been lost. no mothers should grieve, the wives, no family, no cousins, no friends, no one should grieve the loss of someone because of a low barrier that can be changed. >> family members are calling for the site barriers to be raised or for caltrans to make other changes. >>> coming up, president trump is planning on pinning the popular video app tiktok. >>> plus, members of the salon industry cutting straight to the point. they want to open and/or business now. the rally held as many say they can't hold out much longer. you want a cold