To return the money. The deadline for a response is today. I left a message, and they sent the following statement yet the company has a current market value exceeding 150 million. The intent of this was for business that needed the money. Reporter how and why did quantum qualify in the first place if if they really need this ppp loan. Reporter julie, we know quantum has more than the 500 employee limit. How did the company qualify . As long as we didnt have more that be 500 emmoye ployees given location. So there was an eligibility factor that allowed us to look at location by location. Reporter it seems these companies have a lot of room to get around these requirements. In some industries we have upwards of 1500 employees and still be small. Reporter according to s. E. C. Filings, quantum reported more than 402 million in revenue last year. Records show the ceo made more than 337,000 last year. Plus he was awarded a stock option of more than 1. 9 million. Wasnt really happy about th
65 in oakland, 67 in san jose and 68 for concord. I will take you our by our user in a few minutes. Of the reopening plan begins for San Francisco, marin, and san mateo counties. Lets go live right now to someone who is in redwood city. Good morning. Good morning we are here at the redwood trading post in redwood city, a popular spot for outdoor and camping equipment. You know under the first steps of face two, this allows for them to reopen with order had Curbside Pickup and this includes but is not limited to books, toy, and Jewelry Stores, clothing, shoes, and Sporting Goods and florists, pet grooming, carwashes, Appliance Repair and residential cleaning. In other words, nonessential Retailer Services that do not require close Customer Contact we caught up with gloria and sammy run a Clothing Store in burlingame and they have been closed for months and they will finally be able to sell clothing today. They estimate they will have 10 of normal capacity but they are focus on keeping t
Through our afternoon, were looking at temperatures a little cooler compared to yesterday. 65 in oakland, 67 in san jose and i will show you the future cast, walking through it all coming out. Today, the states retail reopening plan begins for San Francisco, marin and san mateo counties. Lets go live to redwood city. Reporter this is one of more popular Outdoor Stores on the peninsula and we all know the drill. The first steps of phase 2 means that they can reopen today but you have to order ahead and get curbside delivery. This includes but is not limited to book, toy, jewelry stores, clothing, shoe and Home Furnishing stores, sporting goods, florists, dog walking, carwashes, Appliance Repair and of course residential cleaning. In other words, nonessential retail or services that do not require close Customer Contact. We caught up with gloria and sam and they run a Clothing Store in burlingame and they have been close for couple of months and it will finally be able to open up startin
Restarting production at his fremont plant. It comes days after he filed a lawsuit against the county and threatened to move his factory and headquarters out of california entirely. Abc7 News Reporter Laura Anthony is outside the plant. Laura . Reporter a lot has happened in the last few days. All surrounding plant here behind me. The reopening comes after a war 06 words on twitter. And despite talks between the company and county, reassuring words from the governor, elon musk decided to defy local orders. But the proof was in the parking lot before he confirmed it. The parking lot at teslas manufacturing plant was teeming with cars, a sign that a good number of employees were back at work. The ceo confirmed it. Tesla is restarting production today against Alameda County rules. I will be on the line with everyone else. If anyone is arrested, i ask that it only be me. Its a bit disappointing that it appears that theyre going forward. I can tell you that the communication between the Hea
It brings unemployment claims down to 22 million in the past four weeks and that essentially wipes out all the jobs created sin the financial crisis we know the dapta was going to be bad and will continue to be bad because this is reflecting periods that arent april, and we know april will be even worse. Right these are daunting historic we look at them, we must think about what was happening, say, in 1930, 1931. We realize that the system may hold, may not hold i think were in a stronger position than then because they didnt have a social safety net, but these kinds of layoffs, theyre extraordinary. And we are at a loss for words for them obviously, all these people are now in some way or another getting compensated this week. But i think its not enough, and i keep thinking that the longer we dont have and its not opening or closing america the longer we dont have faith in being with each other, youre going to have to keep seeing these numbers. I have to tell you, i was hoping i never