A paltry one trillion dollars,. Only in this day and age can one trillion seem cheap. Democrats want 3 trillion. Well follow battle back and forth. In texas where were seeing a spike in cases but some are finding positive signs that the spikes are not quite as high as they use to do so be. Also that, and the vaccine push right now that has some promising implications for texas. To silicon valley, what is going on there. A lot of tech ceos on wednesday will be on capitol hill. Lets just say the environment might match the weather, hot and getting even more heated. So lets get to it with chad pergram with republicans with their own coronavirus bill, that also tackles that sticky subject of those jobless benefits. Courtesy of uncle sam. Chad, where do we stand on all of this. Reporter neil, they released their plan yesterday, about five or six distinct proposals. Frankly republicans are in a pickle. There is a lot of disagreement, there is a lot of disowe nance on the republican side of t
He will be having a press conference detailing a little bit more on that capitalgains tax cut he continued in a radio interview. Also maybe a follow up on that shooting outside of the white house yesterday. It was pretty scary to watch. A lot of folks not knowing what was going on at the time. We do know what is going on in chicago and we do know it is not right. Right now the unrest continues. Fears of more unrest today. They have drawn up the bridges around chicago to limit where protesters can gather. Good luck with that. A number of College Football conferences, that can buy the bullet today and decide there will be no fall College Football season. Can you imagine that . Already some very big conferences at least have members contemplating just that. The quarterback of the clemson team does anyone bounce this off of us . I would like to play football, guys. The president sympathetic to the players concerns. Right now proving to be an uphill battle. There is of course what is happen
Employees who have been out of work now for months. The Second Quarter Gross Domestic Product plummeted 32. 9 between april and june. Thats almost a full third and its the sharpest decline we have seen in u. S. History. The drop in gdp is nearly 4 times worse than it was at the peak of the financial crisis in the Fourth Quarter of 2008 the previous record was 10 in the First Quarter of 1958. Turning over to the stock market and see how stocks are reacting to this dire news. The dow jones is down by almost 200 points, just a little bit more than that right now. S p is suffering a loss of not quite one half of 1 . The nasdaq is the only right spot if you count the addition of 52 points. Nasdaq is up by one half of 1 . You can see stocks mostly regained their footing after a very steep drop at the opening bell and after we got that labor news. Californias jobless claims were down last week despite a nationwide increase. Our state reported 249,000 workers filed firsttime claims during the
Seeing a lot of treatment claims. Getting the streets attention. This company appeared virtually out of nowhere. Progress to likes of regeneron, becton dickinson, benefiting from the 1. 6 billion u. S. Government commitment. You have makings of something down the pike that could treat the virus, maybe as soon as the end of this year, in the case of some of these phase 3 advanced trials, maybe as soon as the fall of this year. But being coast to coast were all over the place on all these other developments including out in california where they are extending shutdown provisions now expanding to include virtually all businesses, indoor dining, barbershops, salons, tattoo parlors, you name it. Also focusing on whats going on in florida right now a big spike in cases but as stuart was just telling you some confusion about how many of those cases are indeed positive. Weve got the the latest going on in texas, where the spike in cases is so severe theyre looking at crowded hospital beds. Ree
Edward. Reporter going on right now is that the statement in the rose garden between the president of mexico and the president of the United States, president donald trump. The two World Leaders finishing that up. They will have a signing ceremony after that to celebrate this the mexican president known to be longwinded. He is speaking at the moment. President trump touting the trade agreement as a huge win for the two countries. The administration saying it would add 600,000 jobs over the next five years. Andres Manuel Obrador you see there, sees the trip to reiterate importance of the trade agreement and strengthen cooperation with the pandemic. It is his First International trip as president of mexico. He flew her commercial, an wore a mask, testing negative for the virus yesterday. President donald trump rolling out the red carpet. In addition to a signing ceremony, formal dinner. Mexico invited the fifth richest person in the world among others, carlos slim, who owns a number abou