The Global Economy is on its way to a long lasting global recession and its latest Global Financial stability report the International Monetary fund said the bank sector will struggle to generate profits through 2025 and White House Health adviser Dr Anthony Fauci told the n. B. C. Prolonged lockdowns could end up causing arab reparable damage while still warning that states over relaxing social distance restrictions to quickly well new Coronavirus Infection surged in latin america the region surpassed the u. S. And europe with the largest number of new cases in just one day and mexico are also contributing to those high numbers Mexican Health authorities reported a daily record spike of more than 2001 173. 00 infections on thursday alone while argentina pushed its critical deadline for its 65000000000. 00 debt latin americas 3rd largest economy agreed to continue talks with their creditors. Through june 2nd and in a rare move china dropped its g. D. P. Target for 2020 the worlds 2nd l
Program. Democrats said it stops right there. They want added items that would no doubt be taken up in the house of representatives. Thereby substantially increasing cost of that. But the real catalyst for a lot of this as far as Financial Moves is no less than the Federal Reserve because 2. 3 trillion has been thrown at everything from the fed, shoring up support for small and mediumsized businesses to buying mortgagebacked bonds. Buying a lot of junk bonds. Just, anything they can get their hot little hands on. The junk bond thing is kind of interesting, folks. You might recall in the financial meltdown, we had these mortgagebacked securities. Remember they would pool mortgages, even iffy ones into a package of securities you could buy, mostly like a stock. When things are turning south, no one wanted to buy them. The Federal Reserve it saying when it comes to junk bonds, we dont think theyre there yet. Just in case well be buying a bunch of them. Indicating the markets the fed is no
We are looking at cloudy start to the day with areas of fog. As we head into the afternoon, some sunbreaks and a chance to see a few more showers. Here is a live look with our san jose camera. South bay, good morning to you. San jose, youre coming in at 48 degrees. Looking at 50 for livermore. 54 for oakland. 53 in San Francisco. And looking at 55 for livermore. Your weather headlines, mainly dry. Partly to mostly cloudy skies. But a few showers are possible with that low pressure system so close to us. Scattered showers as we head third tomorrow. A wetter day for your wednesday. There are more storm systems moving in. That will bring heavy rain, strong wind, and isolated thunderstorms. Friday is the day to watch. Highs mainly in the led to mid 60s. As you hit the road race this morning, might be dealing with some fog. Limited visibility. Not seeing any accidents. We are seeing slow speeds as you make your way through the altamont pass. We zoom in here, youre going to see some red on o
Go nats. Were here today talking about good things, reclation. And im going to keep my comments bereave because i know colleagues have been very engaged in this and a couple of you want to make some opening comments as well. But we have three pieces this morning that were kring, s 1665 which is sim pli fooigs access act. Senator hien lak calls it the sore act. I like the acronym. S1723, the ski area fee retention. We all love skiing. Already. Extraordinary. Cant wait. S1967, the reclation not red tape act from senator widen. This hearing is building off one that we held in march where we focused on improsk access ichb structure and permitting to meet the demand on our federal lands. The proposals that were looking at today i think are a good start in addressing those issues. Senator hien wick and widen have put forward legislation to streamline the systems in place to process permits for our outfitters, guides and nonprofits. Senator gardners bill would help facilitate the private inve
Public lands. The Senate Hearing is just over 90 minutes. It running everyone, the committee will come to order, happy halloween, happy world series everyone stayed up late watching that game. Yes its kind of exciting so we are here today talking about good things, recreation and im going to keep my comments brief because i know colleagues have been engaged in this and a couple of you want to make some opening comments as well but we have three pieces this morning that we are considering, the simplifying act door out sex, they caught the sore act i like the acronym theyre pretty good. 1723 the ski area act from senator gardner, we all love skiing. In 1967 the recreation not red tape act from senator wide in. This is building off one that we held on march where we discussed improving access and permitting to provide recreation opportunities on our federal land so proposals were looking out today is a good start in addressing those issues. Senator heinrich and white and have put forward