Close, all the major averages ending the week with significant gains, its a second straight week of gains for the s p and for the nasdaq. We began with fox Business Team coverage, blake burman and edward work lawrence in washington and we will start with blake, what is the latest on the stimulus. I guess there was a movement the democrats say they are willing to lower their number down a trillion dollars, however, no movement at all because it doesnt seem as if either side as if closer to a deal, we had another meeting on capitol hill, the top ford negotiators Steven Mnuchin and meadows, nancy pelosi and Chuck Schumer for democrats. Democrats say theyre willing to drop the number from three and half trillion dollars to another relief package and down a trillion dollars, so long as republicans move up there 1 trillion, another trillion. For the sake of america, meet us in the middle, dont say my way or no way, thats what theyre saying, they want to come off the number. Walking into that
Set them back years as anything like it was in 2008 and its going to be horrible. I mean we lost 33 thousands of teachers for students, California Teachers Association president ito be boyd says the cuts will result in layoffs furloughs an increased class sizes ultimately the students will suffer any loss to our classrooms who are for students to benefit. Well be devastation. The governors proposed cuts include a 10 reduction in the States School funding formula and a 10 cut to both the usi and California State University systems. The School Funding is less than what the governor and vision earlier this year, but it may be enough to maintain current Academic Year services, the proposal, however is still a significant setback for schools everyone is going to feel the pain and its unfortunate that. Our students our children that we actually educate have to feel that pain again hasnt been that long ago that occurred before. Governor newsome says hes trying to soften the blow and avoid wha
Struggles amid the coronavirus newsome anticipating unemployment could peak at 24. 5 in california with a 22 drop in overall state revenue the billion budget keep some programs like boost the minimum wage and maintaining the states earned income tax credit for working families along with continued commitments to health and Public Safety but the governor prepared to throw out 6. 1 billion in Program Expansions and new proposals including extending state Health Insurance to undocumented seniors. The governor also proposing to cut state worker pay by 10 including Health Care Workers and Public Safety personnel. His own salary also included you will hear of cuts that. Not make none of us crowd. But the values nonetheless we are holding on to for now new some plans to use 16 billion from californias emergency Rainy Day Fund over the next 3 years the governor pleading for help from the president and federal government to help deal with about a quarter of californias possible cuts state Finan
Israel and egypt agreeing to a cease fire in southern gaza. This allows anyone wanting to leave the war ravaged territory to do so now is happening as the Rafah Crossing Connecting Egypt and gaza reopens this all happening just moments ago. The crossing is the last remaining exit for palestinians wanting to leave gaza for the crossing. The crossings reopening will also allow much needed humanitarian aid into the territory through the Rafah Crossing was shut down while israel conducted airstrikes in the region earlier this week. Its military was responding to the brutal and deadly attack by hamas militants in israel just over a week ago. The closing of the border has stranded thousands of people trying to escape before israels potential major Ground Operation in gaza. That number includes 5 to 600 palestine americans as the reopening coming just hours after Secretary Of State Antony Blinken met with egypts president with regard to rafah. I had a very good conversation with president els
Shannon i am a Shannon Brame countdown to the Ground Invasion tens of thousands of israeli troops under Northern Gaza with the stated goal of eradicating the Group Responsible for the worst massacre since the holocaust. As Hundreds Of Thousands of palestinian try to flee the area ahead of the offensive food and water running out fueling fears of a humanitarian disaster. Separatist state en antony blinn meets with saudi crown bridge in an effort to meet with the unrest from spreading throughout the southeast. Works as is an unrelenting agy not knowing the fate of their loved ones. Death toll rise americans unaccounted for a more held hostage as the world watches the catastrophic scenes pour in from the israeli hamas war. Pressure is on the white house to bring the nation own back home. We are working aroundtheclock to secure the release regrets we sit down with National Security Council Communications coordinator jon kirby on the administrations plan to save those stranded in the middle