Fitness centers cant open tuesday after all. Restaurants, indoor places of worship, museums, zoos and movie theaters must stay at 25 capacity, not 50 as planned. We have a look how this will impact businesses, anser. Reporter many San Francisco restaurants have been open for Outdoor Dining for the past few weeks. Many were gearing up for 50 indoor capacity next tuesday. Thats not going to happen. Many business hearleaders say t are not disappointed by the announcement but not surprised. This chef is heading into the weekend with a change of plans. Its pretty brutal having this come up again especially now. Reporter the chef and owner at the San Francisco Ferry Building says theyve been lucky during the pandemic. Theyve increased online catering and have Outdoor Dining but some businesses havent been able to open due to structural or Financial Issues such as no space for Outdoor Dining. Those businesses that are getting ready to open next week will have to stay closed. My heart goes out
It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
The nasdaq is up more than 1 . We got the exchequers plan to boost u. K. s economy, boosting sterling. There canada, the dollar is actually weaker and looking like the central bank will have to cut a few more times in order to get that deficit under control. A deficit that is by the way , was 30 of gdp before the pandemic. The mexican president is coming to washington to meet with President Trump to talk about the trade relationship with the u. S. And mexico as they face a deep recession. Joining us is our head of isearch joining us Kathryn Rooney vera, head of research and strategy at bulltick. Tell us about how the coronavirus is ravaging the mexican economy and how bad it will get. Kathryn ravaging is a good word. Mexico is facing the brunt of the epidemic. The authorities have really not come up to the task. They were nonbelievers at the beginning, which has caused tremendous suffering. We know that 50 of the tests taken come out positive in mexico, which is a world leader. That sa
Yet controversy is brewing after employees requested to wear black lives matter attire, an internal memo starbucks points to a stress code policy against wearing buttons or pens that advocated political religious or personal issue. Im pretty appalled but not surprised by starbucks. Reporter Tamara Williams is with the Silicon Valley black Leadership Community group, he says starbucks statement of support is hollow if theres no action. What we see is that what matters is the bottom line. I think that starbucks is really in hot water. Reporter Joellen Pozner is with Santa Clara University business school, part of starbucks memo expressed concerns agitators could misconstrue the blm movement and amplify divisiveness. Pozner argues the company allows clothing and pins for lgbt queue rights and that can be viewed as divisive. If starbucks wants to take a stand need to be consistent in the way they take the stand and given the way the tide is moving the arrow should be on the side of inclusi
Web cam shortage . The nations hottest supplier going gangbusters after its computer equipment outfitted so many home offices during the work from Home Movement. The ceo of logitech is here in a fox business exclusive. I will ask him can we speed up the manufacturing of the web cam . And Actress Lori Loughlin faced a web cam and a judge via zoom for trying to sneak her kids into college. Now one Major University system says applicants no longer need to take the sat or the act. They are moving on because it can be gamed and so many more reasons. The khan academy has been invented so any student can learn from free, from Kinder Garden to those studying kindergarten to those studying for college, he is here. As more kids turn to him from home. Less than an hour of the closing bell on this friday, so glad you are with me. Lets start the claman countdown. Breaking news, more headlines coming out right now, following the all out effort to push for a vaccine by the end of the year. Reuters ha