Concede and what this means for trade deals with china as well. Don i read about the trade deal. It is on the back burner for americans because both candidates, both parties are reticent to sign those deals. We can touch on that, but front and center in the nation is the stepbystep, the back, tweet by tweet with the president , but er than that is the pandemic. It was the oddest of weekends. Francine it was a busy weekend, and here in the u. K. With news that Boris Johnson, who contracted the virus in march, even went to icu, now having to selfisolate after coming into contact with someone who tested positive. We will have plenty more on that , and the consequences for brexit. First lets get to bloomberg renews with ritika gupta. President elect joe bidens top coronavirus advisers say a National Lockdown is not on the agenda. One of them, the former surgeon general, who says the approach to fighting it is a dial that we turned up and down, depending on the severity. U. S. Case records
Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
Economists are desperate to get clarity on the labor economy. We will ramp up coverage until jobs day later in the week. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika president is denouncing a blockbuster report on his taxes as fake news. According to the New York Times, the present page 750 on u. S. Income taxes in 2016 and 2017. The paper says he reportedly lost millions of dollars from his golf courses, and is hundreds of millions of debt and is in hundreds of millions of debt this coming june. Democrats are previewing the to oppose the confirmation to Supreme Court nominee amy coney barrett. By zeroing in on the risk to Americans Health care coverage. The Supreme Court will hear a case in november that could lead to obamacare being ended. Regardless, that confirmation seems assured because republicans have a majority in the senate. The Trump Administration has suffered a setback in its showdown with tiktok. A federal judge has temporarily bloc
Here on cspan3, well take you live now to a hearing on amtraks response to the coronavirus pandemic. This hearing is already in process. While possibly only saving amtrak 213 million. Overall, the damage could top 3 billion if amtraks planned nine months of Degraded Service stretches another quarter to a full year. Ill finish. Thank you. The amtrak community was hit especially hard because several airlines say theyll drop service when the c. A. R. E. S. Act expires. Thats 67 cities facing air cutbacks. Nearly half, 31 of them, would all flew the same, sacramento, tampa, these routes touch nearly every corner of our country. On the empire builder on eight states from illinois to washington, those towns face a nearly 400 million blow. The north south city of new orleans between louisiana now produce nearly 134 million in economic benefits. It could wipe out as much as 88 million of that. Simply put, this drastically reduced utility of a nationwide Network Operating three days a week, mak
Humidity. Its exactly what we need at events since 1954. This point. 50 of those events bring and its virtual this year due to the pandemic, not open slightly average, above average rainfall. So a lot that well be watching what it will look like for the for the public. Next couple of months. For as we go into the next family members will visit today in small groups. A pretty high chance of la nina how can i, when you wont take it from me several months. We tknow that dry weather is no developing, cooler than normal good morning you. Thank you for joining us on this what we need at this point. Water at the equatorial pacific. Lets head over to mike for an friday morning on today in the bay. Im marcus washington. Update on the commute. You can go your own way youve been tracking a traffic and im laura garcia. Alert. We are seeing that happen now yeah, and also that humidity so our other big story this near that blob that we have. Go your own way in the air. Morning talking about the fire