Square today empty space that would usually be packed with visitors. San franciscos lack of tourists could mean cuts to programs that residents rely on. A brks krrbc 7 News Reporter me woodro has the story. Reporter suns around San Francisco say welcome, were open and visitors are few and far between. One of the campaigns is our gate is open. While that gate just got closed two days ago. Reporter steve rizzo is general manager at hotel g. The hotel has been closed for eight months. Rizzo estimates theyve lost 8 to 12 million in that time. I imagine that a lot of places are in the same boat as we are. Your cash flow runs out when you have no Revenue Source coming in. Reporter according to the quarterly status report released this month by the controllers office, the hotel tax is expected to drop 43. 4 million below the expected 126. 2 million. One of the things that visitors really do is help to pay the cost of living in San Francisco and without them, its going to be noticeable for all
Also struggling to make sense of what happened. Tonight what were learning about a deadly stabbing at a south bay church. And a significant step forward three weeks after election day. Tonight the president ial transition is a go. Good evening, everyone. First up, covid vaccinations in december. That is the trajectory for pfizer as it takes its vaccine to the fda asking for emergency use approval and then enter vaccine candidate number three. University of oxford along with Maker Astrazeneca saying it now too has a drug in play. How long before youre protected from covid19 . Nbc bay area cheryl hurd takes a look at wholl get it and when. Reporter the first round of vaccinations could be just weeks away. On december 10th the fda will consider granting pfizer emergency approval for its vaccine. If approved the vaccine could be given out just days later. But what would happen here in california . Today Governor Newsom talked about the distribution time line. It shouldnt surprise anyone th
Sung held back issuing permits to apples Security Team until employ moyer agreed to donate 70,000 worth of ipads to the office. Call this quid pro quo. Call it pay to play. It is illegal and deeply erodes confidence in the criminal justice system. Rosen also announced the indictment against an Insurance Broker in the alleged scheme involving permits and use of a luxury box at a sharks game. A total of ten people have now been charged in the alleged scheme where some of the money went to sheriff lori smiths 2018 reelection campaign. Smith herself has not been charged. Were learning more about the deadly stabbing at a San Jose Church last night that left two people dead. Abc 7 News Reporter luz pena spoke to the reverend at Grace Baptist Church who confirmed this attack happened inside inside the facility. Reporter San Jose Police described the deadly stabbing as this is a very chaotic scene. Reporter paramedics and Police Officers ran inside Grace Baptist Church to find multiple victims
Im annemarie green. Well, a formal president ial transition has been finally authorized to begin 20 days after the election. Yesterday the General Services administration told president elect joe biden its ready to start the process. Mr. Biden is set to announce his National Security team today. President trump says hes not giving up his fight to challenge the election. Bofta yimam is in washington. Bofta, things are moving forward, thats good, but what about mr. Trump, any sign he might concede any time soon . Reporter good morning, annemarie. No signs of that right now, but bidens camp is moving full steam ahead to get millions of dollars in transition support and briefings. They have ascertained joe biden is the apparent winner of the election. The move gives the biden team access to prepare for the white house. Gsa administrator emily murphy wrote she came to my decision independently and was never directly or independently directed by any branch official. Minutes after that was re
3386 is the number to watch for that s p 500 record close. 59 minutes until the close we have a big show coming up to day the s p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. And why hes cautious in the short term plus, gaming the impact of the dnc. Well speak with a policy expert who says this weeks Democratic National convention could be a negative for the market even though its happening virtually. Right now, were going to focus in on the big stories were watching to day. Bob pisani is tracking to days action we have the latest on growing tensions with china. And joining us with his outlook for stocks is tony dwyer bob, start us off with the Broader Market whats going on behind the scenes and whether you think we could see that record s p 500 close today. When you get this close within less than 1 he , you usuy can get over it. Were still not there. 3386 as you heard before is the old closing high t