The backdrop continues to be the coronavirus. New york city finally gets a chance to reopen today. I am waiting to hear the construction outside of my apartment. It has been three months under that stayathome order in new york. A live shot of Herald Square and the area around the empire state building. Construction, add, manufacturing, wholesale trade, and Retail Stores can offer curbside or instore pickup. A former new york state Lieutenant Governor and current member of mayor bill de blasios Fair Recovery Task force. There is really no other person. E really want to talk to today this comes in contrast to the protests we saw. How did the protests affect phase one of reopening . Dick one cannot be certain. I think the Biggest Issue is the revenue loss that the city will suffer as a result of sales taxes and property taxes and income taxes. Its impossible to measure but it is way beyond the capacity fiscally of the city or state to make up for that lost revenue. A function ofs how many
Rogers. Reporter wet roads. Reporter the roads will be wet for a while after the rain is gone. Satellite and radar cloud cover in place, rain as expected has been moving through overnight. Storm tracker 6 live shows it to you, you can see the western suburbs places like lancaster and reading starting to taper off and wind down. In philadelphia we have a steady rain falling right now and down to the south pushing across the delaware bay and south jersey, steadier rain highlighted in yellow. In the Lehigh Valley youre wet over in trenton youl be stuck with this a little while loer this morning. I expect it to bet of the region by 7 00 a. M. This morning. 63 in philadelphia. 06 in trenton. Right now in wilmington, 64. 58 in allentown, 67 in cape may current. As we go through the day were starting out damp, well see the rain start to wind down later this morning and noon or so, were down to a spotty drizzle here or there. 64 degrees by noon. Cooler, 6 by 3 00 p. M. 5 00 p. M. , 65. 7 00 p.
You can follow our tweets 24 7 at nbc bay area. We are following news out of washington, President Trump once again making controversial statements. The president held a News Conference. He went out of script and what he said set people off. Reporter President Trump today returning to his controversial statement on saturday. Suggesting that the blame falls on many sides. You had a group on one side was bad and a group on the other side. Reporter defending his initial unwillingness to call out white supremacist by name. I like to know the facts. Reporter the president denouncing the driver of the car but stopping short calling it terrorism. The driver of the car is a murderer and what he did was a horrible inexcusable thing. They were people protesting quietly. The taking down of the statue of robert e. Lee. Reporter taking that defense a step further. Is it George Washington next week and Thomas Jefferson the week after. You have to ask yourself where does it stop. Reporter the fiery e
Lets give you a look at futures on this opening of the day of the week. Most european markets also back from the holiday break, although i believe the uk closed for a bank holiday. There you see the markets that were open. More or less in the green this morning. The tenyear note yield, price was down a bit if i recall. There we are on the yield there, around 2. 56 with crude up yet again. Weve also got some breaking economic data. The latest s p case showing home price reports out. Prices registering 5. 6 yearoveryear gain and that was up from a 5. 4 gain in september. So sequentially an increase there. Lets get to our road map. And it begins with the march to dow 20,000. With just four trading sessions left, will the dow hit the milestone by the end of the year . And president elect donald trump announcing plans to dissolve the Trump Foundation ahead of inauguration day, plus tweeting about the market rally and holiday spending. Well give you all the latest. Plus retailers bracing for
Taxes and penalties and keep the entitlements, how is that sustainable . That is the work of the Congressional Budget Office once they receive that score, they will be working for that to make certain it is fiscally responsible. Theine a system where incentives within the system are andto drive down costs respond to the specific needs of patients and in so doing, you will get a much more efficient system for the provision and delivery of health care . It is a system we dont have right now because the Previous Administration felt the federal government ought to do all of this. We saw what came about when the federal government does all of that. I you have a card that says you have insurance but you walk in and cant afford the doctor that is trying to take care of you. This is not a system that is working for folks [indiscernible] thehave complained that portable character resulted in higher waits at emergency rooms. The portable care act resulted in longer waits at emergency rooms. The