Observer newspaper in North Carolina. Cspan interviewed him about the upcoming president ial race and what the impact might be on voters if the Republican Convention were split between charlotte and another city. Joining us via zoom from charlotte, North Carolina is jim morrill for the charlotte observer. A lot of mixed messages between the president s tweets, the rnc, and the Business Community in charlotte. What is the state of the Rnc Convention this august . Jim that is a good question because people down here arent sure. One thing we do know is that the president wants a big rally for his acceptance speech. And he cant get that here, at least right now. So theyre looking at other cities for that. But they are planning to have the official business of the convention in charlotte. That not sure exactly what means, whether its meetings of the rules committee or things that. Or whether the actual nominations might happen here, it is all up in the air. People are still talking. There a
Whether the actual nominations might happen here, it is all up in the air. People are still talking. There are contracts involving the convention and visitors bureau. Even the charlotte hornets, who have the arena and have contracted that. There is still a lot of talking. Host what about the reaction within the Hospitality Industry banking on revenue for the region . Jim the Hospitality Industry is looking at this as a lifeline. No doubt they had a rocky last two or three months, lost business, restaurants boarded up or closed. With the news of the convention leaving, there was one business we had a story on this morning that is closing because that was like the last straw for them. It was a business downtown not far from the Spectrum Center where the convention would have been held. Businesses are looking at it as a lost opportunity. The Host Committee of the convention is still trying to negotiate and work out some deal where they can still salvage something. Host what is the reactio
Business of the Convention Still here in charlotte. We are not sure what that means. May be the actual nominations will happen here. It is all kind of up in the air and people are still talking. There are contracts involving the city and the convention and visitors bureau, even the charlotte hornets. There still a lot of talking to go on. What about the reaction within the Hospitality Industry banking on a lot of people coming in and a lot of revenue for the region . Jim definitely. The Hospitality Industry is looking at this like a lifeline. There is no doubt they have had a rocky two or three months. Lost business, restaurants have been boarded up or closed, in fact, with news of the convention leaving there was one business we had a story on this morning that is closing because that was the last straw for them. It was a business downtown not far from the Spectrum Center where the convention would have been held. Thisesses are looking at as a lost opportunity and the Host Committee o
Results for its vaccine, phase one trial in humans. Weve got a lot more on this coming up in just a moment. But this is a very positive development. When this was announced the stock rally that had already been in place gained a lot more ground. One more positive indicator for you. Thats the price of oil. We are back to 32 a barrel. We are driving again, we are emerging from a lockdown, demand for gas and oil up and up goes the price. Key indicator. Now, look at this weekend. All across the country, people were out and about, enjoying the weather and enjoying their freedom, too. There has been some relaxation of lockdown rules in 49 states. Connecticuts the lone holdout. They open up in just a few days. Bottom line, the economy is opening up and in most places, people feel willing to shop, eat out and socialize. Its hard to see how the authorities can reverse course and clamp down all over again. The genie is out of the bottle and the Moderna Vaccine news is the icing on the i can kcak
In Santa Clara County the decision to cancel all major events trickled down to everyday People Living paycheck to paycheck. Damian trujillo is at the center for performing arts in san jose with more on economic fallout for people who rely on business from that. Reporter thats right, its dark here the cpa, looks like its going to remain dark for quite some time. A lot of events are being canceled and Business Owners are feeling the effects. George sanchez is doing what he can to keep his downtown restaurant clean and safe. He added hospitalgrade sanitizer today. But its been a rocky ride so far. With business down 20 the past month over fears of coronavirus. Weve been crying. Last week we lost three catering jobs, which is a good amount of money. Reporter on orders of department of public health, venues with more than 1,000 seats are canceling or modifying events. The big arenas are getting headlines but it may be the smaller venues hit the hardest. The center for performing arts, civic