Of students dreams. This informations going to be devastating for me and a lot of my friends that are planning on going to state schools. Also tonight, something you dont see every day in san jose. Those are goats, and theyre loose, making a run for it tonight. Good evening and thanks for joining us. Im jessica aguirre. We begin tonight with breaking news. A Major Development in the fight between elon musk and Alameda County. Late tonight the county changing its tune after reviewing Governor Newsoms plan for reopening manufacturing. County leaders now say theyre okay with tesla reopening its plant in fremont yesterday. Youll recall musk sued Alameda County over the weekend before he started making cars without permission. County leaders say they held a productive talk with tesla about its safety plan for workers, and they are now on board with tesla ramping up this week for full production on monday. Now, the standoff between tesla and Alameda County caught the attention of president t
Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak
Californians who have filed has fallen to the lowest rate in two months. The Labor Department says 212 thousand workers in the state filed for firsttime Unemployment Benefits last week. The Development Department is looking to boost staff to handle the flood of unemployment claims brought on by the shutdown. The department is looking to hire 1800 people along with the 3000 workers on the job. The edd needs people to help process claims and handle phone calls. They are looking for people with accounting and auditing experience. Demanding justice for george floyd. The unarmed africanamerican man who died while in Police Custody in minnesota. An officer seen with the knee on his neck. Protests are planned right here for today and tomorrow and all this taking place after demonstrations from los angeles to minneapolis turned violent and William Montanez has the story. Reporter smoke was out of building of minneapolis after another night of calling for justice for george floyd. The black man
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
Coded 1000 pandemic now the focus is on devastated economies were in a recession will it morph into a depression will the recovery be a u. Or an l. Shaped across uk economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to blighty and he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciated lets go to los angeles 1st here i said in back of my introduction i guess probably the most important question there is as we come out of this pandemic and. Its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go ahead