Economists expect most jobless numbers will show that another 2 1 2 million americans filed for Unemployment Benefits last week. That would be a slight improvement from the prior week. The nation has seen about 33 million new unemployment claims in just the past seven weeks. Here in california, the state Employment Development department has issued a new set of guidelines as a result of the coronavirus pandemic. The new rules would allow some people to actually turn down job offers and instead continue to collect Unemployment Benefits. New at 6, andrea is here now to explain. Is a drastic change from what normally happens when people collect unemployment but part of the reason here is that people are supposed to be hunkering down at home to prevent the spread of covid19. It is sort of a day by day week by week. That is how tonya, owner of brown sugar kitchen on broadway and oakland views her current predicament after laying off 34 members of her 40 person staff thanks to the coronaviru
Reporter he did, frank, and he did an unusual thing, he rejected the president s call for dropping Interest Rates below zero, and said he would do other things, such as make loans more available, but he really made a strong point, urging the president and congress to take action. A warning, wednesday from federal chair, Jerome Powell, that we will see a recession. About 40 of those taking less than 40,000 a year have lost a job in march. Reporter powell warned of low productivity, stagnant incomes and bankruptcy. He says the fed will increase lending, but congress and the white house also need to put money into peoples hands. Additional fiscal support could be costly, but worth it if it helps avoid longterm damage and leaves us with a stronger recovery. This trade off is 14 our elected representatives. Reporter powells statement set off along alarm bells. I think it is almost unheard of for federal chairman to be essentially recommending to the president and the congress what they shou
Investing heading back into the bear cage, we are going to ask economic guru if you should head back into that or follow the breakup optimism that were seen today on the market. Doctor was featured in the netflix dock eseries pandemic, she is the one who coordinates the Pandemic Response in new york city hospitals. She is going to come here today and she is going to tell us what she is seeing now and if she thinks the nation is healthy enough to gun the economic engine once again and maybe this news from dickinson, it might help with the metal to the petal, the medicals tech company just got emergency approval for a new covid19 test, not a vaccine, an actual test to see if you have the virus, you will not be relieved how quickly the test results come in. We have the ceo exclusively to explain. And need the kalamazoo kids, they are too Small Businessman from michigan who teamed up to save their businesses by creating a pandemic product. In my Goldman Sachs says sell your apple sales, th
Studios, this is kpix 5 news. Right now on kpix 5 mac and streaming on cbsn bay area. Live from our Salesforce Tower camera as we look east. You can see some fog in the distance. Good morning. It is wednesday, april 8. I am michelle griego. I am kenny choi. Time to wake up the area. Lets see how once the weather is chipping up. We are starting off with temperatures in the 40s and 50s and if you like yesterday you w the afternoon. This is a live look with the Treasure Island camera. Temperatures in the low 40s for santa rosa, low 50s for the rest of us. Concorde, San Francisco, san jose. Now through the afternoon we have 60s for many of us and seasonal for this time of year. Those 60s San Francisco. Mid60s oakland later today. Upper 60s san jose and concord. What you can expect for the rest of the week coming up. Lets look at traffic. Looking at the roadways. So far so good. No major issues or wind advisories or issues with fog on 280 this morning. The bridges are looking good. Traffic
Last night President Trump said the u. S. Is looking to build two brandnew hospital ships. That process would take years. Two cruise ships with hundreds of sick passengers and crew members are due to arrive in florida today. Several people have tested positive for the coronavirus, and four are dead. Floridians will be allowed to disembark, but the fate of the others is unknown. Abcs gio benitez has more. Reporter as the two Holland America cruise ships approach the florida coast, Amy Lee Jones fears time is running out for her parents on board. Her father has severe pneumonia, her mother has a fever. Theres no time. These people need to get off the ship. There are people even more ill than my father. Reporter the zaandam left buenos aires nearly a month ago. 233 are sick, four passengers are dead. Everyone on board desperate to dock in florida. But floridas Governor Desantis reluctant to let nonfloridians into the state. Clearly were going to be willing to accept any floridians on boar