Economy. We do think this is going to take some time yields on both sides of the atlantic fall. U. S. Futures suggest the dow will open 500 points lower travel and aviation crowd the stoxx 600 as lufthansa warns of deeper job cuts and unsettled return to work take away shares turn hire as snatching up grubhub. Beating uber to the top seat at the table. A very warm welcome to street signs. It has been a pretty remarkable morning already in the first hour of trade. Weve got a substantial selloff. The stoxx 600 down by 2. 6 it is really a sea of red. Just over a dozen stocks are trading in positive territory. This comes after the Federal Reserve meeting yesterday where they vowed to keep rates near zero through 2022. They forecast about a 6. 5 contraction. When looking at a policy stance and eyeing up some fresh ip infection data and seeing a rise of new cases in the west and deep south concerns of the implications of opening up the economy and measures in terms of infection rates. Renewe
You are watching kpix 5 news at 5 30. Right now on kpix 5 and streaming on cbsn they area, more local news at 5 30. The coronavirus complicating the College Decision for many incoming freshmen and an enticing offer to lure california students to the aloha state. New fallout over this viral video of a couple questioning a man painting a black lives matter slogan on his own property. A southbay politician accused of making racially insensitive comments while discussing the debate over fie ac good evening, i am veronica de ma. All rated heated race for Santa Clara County board of supervisors. Kpix 5s len ramirez on the calls for kansen chu to apologize and what he is saying and about the backlash. Reporter kansen chu says this whole thing is due to a misunderstanding. A bad translation from his native mandarin into english but its not stopping some of his critics from calling for his resignation. In a june 11 article in the chinese language world journal, a metal member kansen chu claimed
Second and third quarters of 2020. As an economist what does that mean to you . Guest this is a really serious moment we are in. We know the pandemic is serious and we know what people are going through and the overall economy is incredibly serious. These numbers are going to be huge declines in overall growth. Importantly, in employment, and the big question is, how quickly will be returned to normal . Something important to point out about the question. The pandemic was not something that was planned or anticipated in a moment where it came along. The recession is actually something that was basically part of a policy response. We had to say, in order to keep people from getting infected with a virus, we are basically going to shut down the economy, stop consumption in many ways, and that explains these massive numbers but it doesnt make it any less painful, and there is both real hardship that is going on on an individual level, and will questions about how we about how quickly we w
Was in a meeting with money and that stuff. Also acting chief of staff Nick Mulvaney said he was in that meeting with perry, reason they were in the meeting together, he said they were talking about energy going over to the ukraine. Exports and imports, that is the reason he was involved. We dont know why the nerve wily secretary decided he would step down. We dont have a time frame. But Going Forward were working to uncover the answers. Energy secretary rick perry telling the president he will step down. David all right. Thank you edward. To the panel Gary Kaltbaum, christine and caroll roth andion burnett. There was an issue of whether or not he contacted rudy guliani. He said he sought out rudy guliani on advice of the president in deals with the corruption in ukraine. Could that have affected his decision t to resign. Time will tell. Follow there is any responsible he has for contacting mayor rudy guliani. He has been there are think over two years. That is the general time frame i
Xt ell she changed course. Whistleblower complaint filed by a cia analyst assigned to the white house was handed over to congress. It revealed blockbuster allegations about the president s efforts to urge the ukrainians to medal in the upcoming election and cited attorney general william barr and the president s attorney Rudy Giuliani as the points of contact. Also stunning, details of a possible administration 0 coverup as the whistleblower revealed white house officials locked down the call record in a classified server due to concerns over its content. But do these developments rise to the level of impeachable offenses . Most republicans say no. President trump insists he has done nothing wrong but was caught on camera talking about the white house leak that led to the whistleblower complaint. Who is the person that gave the whistleblower the atn i iot kntte used to do in s we used to handle ate little differently than we do now. The president s personal attorney Rudy Giuliani will