Thank you for everyone here . Good. Us, you for joining everybody. And im proud to be joined by my are agues who are here who leading the charge to help deal the this crisis and get support they need to weather the Public Health crisis. Today are emocrats introducing a series of measures provide can take up to immediate relief and economic elief to working americans during the coronavirus outbreak. Appalled that the administration, really, has no plan. Two we are, its close to months since we first knew about coronavirus. They have all kinds of problems, obviously, with testing, but they also have not come up with who need help people help. E believe the help should be aimed at people, not at corporations. E believe the help should be targeted at the people who have this coronavirus problem, directly or indirectly. We dont think they should just an airplane ut of and hope some of it lands on the people who are affected. Targeted our relief. E make it its aimed at people, not at big cor
With this crisis and get the support they need to weather the Public Health crisis. So Senate Democrats today are introducing a series of measures congress can take up to provide immediate relief and Economic Relief Economic Relief to working americans during the coronavirus outbreak. We are just appalled that the administration has had no plan. Here we are. Its close to two months since we first knew about coronavirus. They have all kinds of problems, obviously, with testing, but they also have not come up with a plan to help people who need help. We believe the help should be aimed at people, not at corporations. We believe the help should be targeted at the people who have suffered from this coronavirus problem directly or indirectly. We dont think they should just throw money out of an airplane and hope some of it lands on the people who are affected. We have targeted our relief. We make it its aimed at people, not at big corporations, not at some kind of general longterm economic
Taking you through day. Plenty of sunshine but the winds will pick up. 10 to 30 Miles Per Hour. Some of the strongest on the coast and in the hills. Temperatures in the low to 60s. Well talk about the strong storm system pushing through tomorrow coming up. A few cars on the road way. Year headed out early, a couple of hot spots, but were not seeing any major delays on any of the major freeways right now. 580 we have an accident westbound approaching the dublin interchange blocking at least one lane. Several vehicles involved in this crash. Were starting to see traffic stacking up a bit as you approach 680 off westbound 580. Through the altmonte pass stop and go conditions as you work your way through. Careful as you work your way through there. Passengers get ready to board your plane, train or automobile with caution. The Holiday Travel season is officially here which can lead to a lot of headaches if you dont plan some logistics ahead of time. Jackie ward is live with what we can exp
Downgrading most advanced economies. You can see right there, these numbers 3 for the world, 2. 4 for the u. S. , 1. 2 for your area, 6. 1 for china. These are all down you see there from the prior forecast and also mostly except for japan down from last year. The imf saying in its report, Downside Risks elevated. Brexit related risk to hinder confidence and growth. Theyre down on this trade issue. Very quickly, they do see something of a moderation next here in 2020 we go back up to 3. 4 it isnt the advanced economies this get there theyre looking for a turn around in emerging markets and developing countries four things the imf notes needs to be done theyre saying International Response may be needed if things get worse from here. They say Monetary Policy cannot do it all. There is a financial risk created from low Interest Rates there. Fiscal measures to help with the slowdown along with structural reforms. Carl that is big news, steve were going to dissect a lot of that with the ea
Daybreak asia. Thisr top stories wednesday, new questions about President Trumps many deal that says chinas higher purchases of agricultural goods depend on a reduction in u. S. Tariffs. The imf cuts its outlook for the fourth straight time. And sterling reaches a new high on high optimism about a new brexit deal. Shery breaking news out of south korea. The jobless rate ticked up to 3. 4 in september. The estimate was to gain from 3. 1 , so the Unemployment Rate higher than expected. We have seen weakness in the private sector, south korea very exposed to trade tensions and slowing global demand, although we have seen passage of that extra budget in august, which could provide support for labor markets, but so far september unemployment at three point 4 . Australian markets just open. Lets turn to sophie. Sophie. Sophie sherri, shares in sydney are breaking ground, advancing fifth straight day, in tokyo the nikkei 225 open. It fresh 2019 high with valuations below the fiveyear average.