California had one of its deadliest days yet. Yesterday there were 68 new deaths confirmed in the state bringing the total to 453. According to Johns Hopkins university, there are now 17,803 coronavirus cases statewide. More than 2700 people are hospitalized. Governor newsom says there are 1154 people in intensive care units. That is a 4 increase from yesterday. Governor newsom says california has secured and distributed 41 1 2 million n95 masks. The state is also going to use over 1 billion in Disaster Response money to buy personal protection equipment. That would allow us to invest over d can secure the anxiety that many of us have. Those ppes will not only be for medical workers but also for Grocery Store workers, dmv employees and Homeless Outreach personnel. At the white house today Officials Say the nationwide stayathome effort is in fact paying off. Officials were asked about the latest projections on the coronavirus death rate here in the u. S. A widelyward from about 82,000 d
Antibody tests. Good morning, good evening at everyone. I hope you are safe at home. Our thoughts are with you, and together we are stronger. Yesterday, or two days ago, we had that huge swing, that huge impact that we saw with negative prices on wti. It is now filtering through the brent. We are nowhere near negatives, but if you look at the price action, it has been pretty brutal over the last 24 hours. Selling pressures definitely intensifying. Wti downok at brent, more than 4 . Lets get to bloomberg first word news in new york city with viviana hurtado. Viviana hi, francine. Here in the u. S. , finding a new pandemic relief package totaling 40 484 billion, including some for the paycheck protection program, to help Small Businesses keep workers on the payroll. The money will also go towa rd coronavirus testing. Donald trump says he will suspend illegal immigration to the u. S. For at least two months to help americans out of work because of coronavirus crisis. The president says it
Faculty member of the Economics Department and the cochair of the mit work of the future attack force that was commissioned a year ago the spring and the purpose of the task force is to engage in confront the sense that many have that the labor market and technology is changing rapidly to understand why people are anxious, to figure out how concerned they should be, what is changing and what is different this time and what can we do to ensure that the coming era of change needs to not productivity growth but some that show up in our focus is on the labor market and how we make the labor market function well for as many workers as possible. Thats where we see the opportunity and the challenge in the lesson if you read the Task Force Report which was released last week, one thing that we s say, i think a critical economic lesson of the 21st century, a wellfunctioning labor market is the foundation for a healthy middleclass in a wellfunctioning political system. Without that foundation of
Weve got record highs, dow surging. S p gaining. Nasdaq 1. 06 texas earnings forecast and yesterdays trade deal with china. At the same time individual companies are taking action to fight Climate Change in a way thats unprecedented these are issues that could hurt earnings per share yet the market doesnt seem to care. The market seems to like it. Its insane. For my entire life, especially the last 40 years, you have companies doing anything they could to make a profit and the government working to restrain them. It was the government that forced big business to care about clean air and clean water. Thank you richard nixon. We took it as a given companies would try to get away with anything they could to maximize profits for their bosses the shareholders this endless cost for growth, wall street didnt care at all it was amoral. And if you want to be a good investor, you ordered this stuff. But in eamon yumtal twist weve seen a shocking paradigm shift suddenly capitalism is trying to re
Was. Called. Arrested for corruption we are. Actually the way forward to solve africas energy crisis. Production instead of 20000000. 00. Backers. And french president obama travels to west africa to discuss the future of the save our currency. Should it. Come to business. Africa your updates on todays african and Global Business news here on the us welcome. South African Police have arrested 2 former executive at embattled power utility eskom theyre charged with fraud corruption and Money Laundering in connection with new power plants that are supposed to alleviate the countrys electricity problems south africas grid nearly collapsed in 2008 and eskom has had to enforce rolling blackouts ever since in a bid to relieve pressure it is causing chaos for the country and the economy the contracts involved in the allegations are worth around 50000000. 00. But africa has the worlds slowest electrification rate in an unstable pas applies constantly hampering businesses all over the continent