Yesterday down 86 points at 4 00 oclock on wall street. More help for Small Businesses and hospitals on the way. The senate did pass the 484 billiondollar coronavirus aid deal last night. House is expected to vote on this tomorrow. Meanwhile the white house is looking ahead to additional stimulus packages. We will talk about that. President trump to sign executive order today temporarily banning immigration to protect american jobs. The cdc meanwhile is out with a dire warning this morning saying there could be a second wave of coronavirus and might be even worse than what we are dealing with right now. That coming in the fall. More people stuck at home turn to streaming. Adding 16 million subscribers but warned that the level of growth probably will not continue as lockdown across the globe start easing up. The stock is down 188. More earnings on top this morning including at t and Delta Airlines, all that coming up. Mornings with maria live right now. Maria Global Markets look like t
You can count on us. Get the connectivity your business needs. Call today. Comcast business. To improve social distancing San Francisco wants to close off 12 different street corridors to through traffic. Why it could mark long lasting change for city planner. Healthcare workers facing cuts it hours and pay. One nurse shares fear and frustration. Grocery store workers are begging for your help. What theyre looking for. Tomorrow Governor Newsom is expected to give an update on when california can reopen the economy. And begin to ease shelter in place restrictions. He would provide a time line and discuss testing and contact tracing. Progress is being made. You are flattening the curve. O protections in the country for essential workers. To provide protective equipment to workers or reimburse they will for the cost. Closing streets to traffic to give people room to maintain social distancing while out walking, jogging or biking. Local traffic is allowed. The u. S. Senate approved a 480 b
The u. S. Senate approved a 480 billion are e leaf package with money for Small Business, hospitals and testing. It needs to be passed by the house. To the president. On the front lines of the pandemic. Some doctors and nurses are seeing hours and pay cut. Hospitals scale back nonemergency operations and treatment. Some facilities are struggling financially and so are employees. We have the details about difficult decisions being made locally. In the middle of the coronavirus pandemic. Front line workers are up against can you wants to hours and pay. Why do we have to foo to fooo bill. The nurse didnt want to reveal her identity. We agreed to alter her the anticipated surge hasnt come. We must adapt to the Financial Impact of the extraordinary events. Instead of lay offs, tli are launching a temporary wosh force adjustments. Confirming its navigating the Economic Impact of covid19 and implementing a temporary reduction in hours across the organization. Were being asked to ewe paid time
So what if anything can be done. Also coming up the global race for a vaccine a German Company has gotten approval to start the countrys 1st clinical tests on an experimental vaccine and with a virus in china largely under control people are starting to go back to work well look at some of the unusual techniques theyre using to make sure the disease does not play off again words. Im sumi so much kind of thank you for joining us the u. N. World food program is sounding the alarm over Food Shortages caused by cold at 19 the head of the World Food Program David Beasley says more than 800000000 people already do not have enough to eat but that number is likely to soar by a 135000000 by the end of the year because of the pandemic he says the crisis could take on biblical proportions if the world fails to act. On those in south said dont try to ward off the. Latest invasion chris south threatening to destroy what crops they have left in a country where hungarys talks to take the life after y
Orders thats weighing on the dow nasdaq about 4 itself today s p up about 3 , sara. Weve got big news coming up on todays show. Wells fargo ceo joins us to break down the Small Business loans and impact of pandemic on the bank then later, well speak exclusively with the ceo of Carnival Cruise lines as a they take a huge hit. Carnival shares down about 75 this year. Well have the ceo if and when the industry can get back on its feet with 59 minutes left of trading, lets focus in on the big stories. Wilfred has the news on the Bank Earnings meg with the treatments and vaccines and Steve Liesman wi k34e7b9s from two fed officials. Gl they had opened hirer this morning, jpmorgan and wells fargo. Provisions for potentially bad loans spiked 8. 3 billion for jpmorgan, 3. 8 billion for wells fargo. Even that was not the worst case the ceo said could be higher over the next several quarters relative to what we took in the First Quarter while Charlie Schaffer said it wouldnt surprise me to conti