The representatives will act quickly to extend this important lifeline for the small employers as new loans cannot be issued until the bill that passed the senate last night is enacted and signed into law even approximately 130 billion. Senator marco rubio, ben cardin and jean shaheen for their continued work on this vital program. Back in march we looked at ways they could help small employers and employees survive this pandemic. We put forth a bold plan is Paycheck Protection Program to help small employers and their employees. It was straightforward and provides forgivable loans to small employers to help them maintain that vital connection with employees so both code rebounding five once the pandemic passes. In some cases thats meant that a Small Business could retain an employee that otherwise would have been laid off. In others it meant they could recallla workers that had alreay been laid off and get it allow employers to continue to safety checks to employees that had been furl
Starting the quarter with gains. The nasdaq was up more than 1 by an alltime high. S p was up half a percentage point. The dow was up slightly. A decline of about 0. 3 . Burke buckle your seat belts a lot to come. We have been watching what is happening with the futures at this point, all three in the green. The dow up almost 200 points all coming before the big jobs report the last trading day of the week before a long Holiday Weekend for the 4th of july. You could see some activity happening here a quick look at the treasury market youll see right now, the 10year looks like it is yielding 0. 676 . It is that jobs preview people are waiting for to get a sense of what is happening in the economy. Lets bring you the preview maybe not the numbers itself but get ready for them markets in the u. S. Are closed tomorrow in observance of Independence Day today is jobs thursday forecasters expecting an addition of 2. 9 million nonfarm jobs in june Unemployment Rate expected to dr drop calling
Good morning. We will check your forecast and meant but first a developing story. A wildfire burning near Anderson Lake in morgan hill forced the evacuations of tension comes from it. The fire burned 100 acres with their present content. The martinez joins us with more on what cal fire is doing with the park fire. Reporter the last update was just a few minutes ago. Evacuation started after midnight for 10 homes on finley ridge road and they are still in place. The first call came in at 11 pm last night for a grass and brush fire burning on the side of anderson like. But cal fire says that it does not pose a threat to the city of morgan hill. The park fire has since burned 100 acres. 1520 homes sit in the hills. Fire crews evacuated 10 homes early this morning. Evacuation center is at Live Oak High School. Cal fire is asking people to avoid the area but do not feel that the fire is likely to travel closer to the lake or to threaten more homes. It started a long gun avenue and moving up
The coronavirus crisis. Restaurants like the one were in are open for Outdoor Dining today. Some of the retailers are allowing people to come in to their stores and the playgrounds are open once again for children. So its progress. Still there are challenges. Will people feel comfortable coming back out into the world after three months of lockdown . And will others who have left this city completely moved away, now think about returning . Were going to cover it all, all angles from here, once the hottest of the hot spots. While we take a close look at other parts of the country that continue to report concerning spikes in virus cases. All that coming up. We start you off with phil keating in miami. That is one of the areas the experts are worried about. Phil has the latest on the virus for us. Phil. Reporter hey, connell a another record breaking week for the state of florida as far as new coronavirus cases go. 4,000 for the first time a record high hit on saturday. Then today, at 11
Talked about the rollout of the cares act saint the house and senate are both considering an extension of the eight week time frame for dispersing loans as part of the paycheck protection program. My first guest is democratic senator ben cardin, ringing member of the Senate Small Business and entrepreneurship committee. Our conversation will focus on a singular question, what should america social with workers and businesses be . Senator, great to see it. I know you have had a busy day. Let me just start, we had secretary mnuchin on this morning and we asked him about the ppp, Small Businesses and having oversight into how it is working. He said look, we will get to that discussion later and there is proprietary information that is involved but he gave no headway into what you have been working on it which to get more data and more transparency frankly into that program. What is the state of play as we talk right now . Well, millions of loans have been given out under the ppp program a