The department of corrections is here. Thank you for joining this afternoon. Joined today by kathy from the Grocery Association and mark from banking and finance. We will be talking here in a little bit. First of all, i just want to remind people as i always do, folks, this is really, really important, the social distancing. We have talked about this in the past. If you are out enjoying the weather, it is a great day today. Keep thatyou have to six feet distance. Do not gather in groups of more than 10 people. One thing that is incredibly you are anif employer and somebody shows up , sendk for you who is ill them home. Some people are taking the temperatures of people before they come to work. To be sure way people are following the guidelines. It is allergy season right now. But if there is shortness of breath, fever, if you have those types of symptoms, you need to stay home and everybody in your household needs to stay home. This is where we really need people, if anybody in your ho
Index continued gains. The s p down despite several companies doing well today, the best of which is apache, finding success in suriname. The dollar index up 0. 4 . Weaker euro, weaker british pound. Really, the only currency that isnt weaker against the u. S. Dollar is the yen. Stronger, notvens a huge reaction to the continued anticipation of what might come next in the u. S. Iran conflict. Guy lets talk about what is happening in europe. Brent is on offer today, seeing a little bit of weakness when it comes to the oil market. Europe is a little better bid today on a slightly calm her market. At 1. 1141. Vonnie casting doubt on claims there baby powder causes ovarian cancer, talk about this study with Johnson Johnson. Reporter one of the issues with these cases, which claims that talc outer produced by j j talc powder produced by j j gave women touch of cancer is attending to assess what is the Scientific Evidence for whether or not this happened, and this is early hard to do. To try
Youre watching kpix 5 at 5 30 pm. A good evening i am veronica de la cruz and i am allen martin and overabundance of grapes. Heres more on that story from the northbay. Reporter despite the money and glamour this is a sophisticated form of farming. There is a grape gut in california. It was a record harvest earning more than 2 billion. A lot of that juice was stored and combined with this years crop there is it too much. We are sitting on a lot of wind from previous years. The industry has more than the demand. Reporter some Small Vineyards are having a hard time selling their grapes. Its a sensitive topic that several Small Vineyards would not discuss on camera. They may be in trouble. I dont want to seek quality vineyards disappear. I hope the demand picks up instead of the supply going down thats a solution. I think wine will get cheaper in california its going to drive prices down a little bit. And it helps the consumer. Reporter is also market complexities. A merger between wine g
Alive that the consumer keep spending. The fed has two ways to look at it. The economy is slowing or the economy is hanging in there where it was with job creation little lower, but wages rising and the workweek a little bit longer. That means the expansion keeps going. David the question is what does it mean for the fed. Lets talk about that as we are waiting for jay powell to speak. We will come back to Michael Mckee. In the meantime, Kevin Cirilli at the white house. Finally, we have a plan from the white house on what to do with fannie mae and freddie mac . Kevin they are calling it a roadmap. Steven mnuchin unveiling a plan that would reprivatize fannie mae and freddie mac. It was back during the Bush Administration that the republican part of that 190 billion bailout from taxpayers issued a conservatorship for fannie mae and freddie mac. As of now, they make up about half of the mortgages in the 11 trillion Mortgage Market. It is a long shot to get them privatized. Even behind th
It built the thing that destroyed itself, the car. We built the car to leave the city, so isnt that ironic . Just 40the richest years ago. We were the richest city, and now we are the poorest, and now you cannot buy a cadillac in the town settled by cadillac. So what happened to detroit happened. I am more interested in what is going to happen and if i can make it better for all of our kids, and im interested in that. There used to be so much money here. They talk about the saturday night drives up and down woodward, and you got a new car every other year, and there were so many jobs that you could go across the streets to the other supplier i get another job until your boss to screw it. We were rocking. We had the greatest schools and graduates, so we did not take advantage of it because cars were our life and then things changed. After the oil, people did not want the cars. The cars were made poorly, right . The japanese and foreign car started catching us. Factories started moving o