Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
Today we are in the 60s and 70s. It is close to average for this time of year. Sally is here to see if there is anything new. Good morning. There is not a lot that is new. I do not see a lot of slow traffic. I do see some. That is at the bay bridge. The bay bridge here is the story with that, it is the slowest commuted by far. All other commutes look good. This one does not. Anecdotally, we hear that people are not wanting to take part. They want to bring their own car. I dont blame them. You want to stay in your own bubble and stay safe. We are going to get a backup at the bay bridge toll plaza of about 15 minutes for we make it onto the span. It is 6 01. Lets back to the headlines. We are still following breaking news, firefighters are battling a grass fire in clayton. It might have been started by fireworks. The flames are near the clayton palms mobile Home Community off marsh creek road. That is the same neighborhood that saw the marsh fire get dangerously close last summer. The fi
Carolina, north carolina, due to spikes in covid19 cases. Well, that spooked investors. Look at the steep drop on the dow intraday chart at exactly 12 10 p. M. Eastern time. Now heading into the final hour, the dow still losing about 145 points but off the lows of a loss of 320 or so. The nasdaq which started the day heading for a record close above 10,000 is now down 13 points at 9,930. While apple closes up some shops, cities across the nation are still moving forward with reopening their local economies. Federal reserve vice chairman is here in a fox business exclusive, in his first and only interview this cycle, we will ask him what it all means for the 45 million americans out of work. How long will the feds money spigot stay open . And what new financial tools is the fed ready to pull out of its tool kit . Breaking news, call it response or just massive blowback, but less than 24 hours after announcing moviegoers would not have to wear masks, amc theaters has just reversed course
There are concerns over the pace of the recovery, the second wave of infections. Infections rising in 22 states across the u. S. The dow ended the session up 1. 9 . The s p 500 up 1. 3 . The s p futures, under pressure. Oil also falling with the 35 a barrel level. This is after crude posted its first weekly loss since late april. We have, as i mentioned, fears of a second wave of infections affecting the fragile recovery. Investors are awaiting the opecplus joint Technical Committee meeting this week. Lets see how things are shaping up for asian markets. Monday, fragility well. On view as asian stock futures looking mixed after the regional benchmark cap to the first weekly drop in three. Patch,hitting a rough sinking more than 5 in three days. Signaling concerns around a potential recovery across the globe. Value performing decently in a for the month of we are going to find out if Central Banks will add support with rate decisions do including taiwan and indonesia. In japan, after pa
Areas along the coast but it does come back again there you see the Coverage Area by the middle of the night 3. 45 or so just before dawn, it was spill off to the east bay shoreline and off into the delta. We do have what we would be with us now all week this has been extended in terms of time. The heat watch that we have is now a heat advisory Solano County Central Valley. 90s were expected all week long coastal temps in the 70s heat, exhaustion, heat stroke really all over the bay watch out for 68 by 9 by high noon were talking 83 while closer inspection your forecast in just a bit back to you. All right dave thanks lot new this morning in the south bay, one man is dead after a Fatal Police Shooting in milpitas kron 4 Sarah Stinson joins us live from the south bay now she has the latest for sarah. Marty thats right. Im live here at the Milpitas Police department we do know that a 19 yearold man was shot and killed by a Milpitas Police officer and that officers says that man was armed