Of the pandemic. Well talk to mayor of miami about what his city is doing to get back to business in these very tricky times. Power lunch begins right now bob has more on the markets today. Bob. Were grappling with that right now, four to one advancing to declining stocks. The market continuing to believe the primary thing affecting them is the rope ieopening the market believes its going well you heard about the president s tweet. Is that heetsing up. There are people questioning over the weekend any need for more fiscal stimulus saying we sit back and see what happens at this point thats an issue. Three of the four, an issue over the weekend. The russell 2000, small cap. Were seeing banks, retailers doing well were seeing transports doing well today those are airlines this is all the roping stoe ing and the market believing that is koptsing. Most markets are at the highest level since early the first or the second week of march were not seeing dramatic break outs its the same old nam
Where Governor Phil Murphy will update on the pandemic response. This is live coverage on cspan. Our new work toward september 30 deadline for enacting a fiscal year 2021 budget, the challenge we face in balancing our wants and needs are going to be in nervous. Enormous. The revenue losses we can project stemming from the current emergency are drastic. A projected 10 million over the next slightly more than calendar year, through june 30 of 2020 one. Without a series of deliberate measures in place, much of what we will depend upon to lift us simply will not be there for us. We wont be able to support our small businesses. We wont be able to help families get back to par. All the work we have done to put our fiscal house back in order with backtoback surpluses and the safeties we have gleaned inherent in health care, all of that will be swamped. Certainly there are things that can help us mitigate some of this crisis. First we need washington to step up with significant direct physical
Air quality this afternoon. Now, look at the heat away from the bay shore and the coast. Were going to hit the 90s and triple digits. Not only today starting at 11 00 but all the way through thursday. We have four days of dangerous heat. Now, that is a heat advisory in the orange. Even hotter in Solano County. Temperatures triple digits today and for the next four days for sure. Thats why youre under an excessive heat warning. Fairfield 100, antioch, 100. Look at the rest of the upper 90s and mid 90s in the south bay and low to mid 90s in the north bay and low 80s around the bay and even an 80 in San Francisco today. Well talk more about this heat coming up next. Mike, thank you. As mike mentioned, today is the first spare the air day of the year. Light winds, high temperatures and vehicle exhaust all combine and that makes the air quality unhealthy. Officials say even with less traffic right now, there is still enough exhaust to allow smog to build up during hot weather. People with r
Between the 2 countries being fought through and around the media recently the u. S. Issued new regulations limiting visas for chinese journalists to 90 days and china has threatened to retaliate the u. S. Move coming after china expelled 3 wall street journal journalists following this op ed back in february so whose side has the us Mainstream Media been taking in all of this yes initially President Trump praised china but in the following weeks testing in the u. S. Failed to catch up to the need Vital Equipment was short bodies filled refrigerator trailers and science was continuously challenge as the u. S. Led the world and illness and death the white house moved the focus to the Chinese Government thats where the speech president some would say is trying to scapegoat china we are risking a real resurgence of siena phobia as a result of. This and other things that have happened so often at the state media level that you find out what the chinese are really thinking a completely diff
The teachers here at least, theyre dependent on how large their classes are. And they cant survive with a class that is 20 of what it used to be. On lakeshore avenue, even the most successful business, a restaurant with two Celebrity Chefs is trying to envision a future. I dont think anybody had pandemic in their business plan. Tim nugent, the owner of shakewell has had to reinvent his business from fine dining to takeout, and with that lay off 70 of his staff. Rather than thrive, the goal now is survival. I think if you stop, if youve already got boards up, you die, you dont stay alive. So people remember me, were still here. So when that day comes, were still alive. Were not forgotten. Back here at namaste, owner kimberly leo takes small solace in knowing she is not alone. I wish i could hug you. That doesnt make the goodbyes any easier. In oakland, laura anthony, abc7 news. And employment rates are plummeting across california. A 42 decline in new jobs this april was reported compar