Only 18 . Republican senators have released an outline of their federal relief package but it could be months before people suffering financially during this pandemic actually get help. Jobina fortson is at the live desk with the negotiations under way right now. Good morning, kumasi. After outlining the relief plan the Republicanled Senate must negotiate with the democraticled house on all of this and it could take weeks before they come up with a compromise on everything. The gops plan cuts the unemployment benefi down to 200. Democrats want to take the 600 payments and keep that going until next year. This is the starting place and well get, youll have plenty of storage to cover along the way as we have these discussions back and forth across party lines and with the administration. Senate republicans have presented us with a half hearted, half baked legislative proposal. The senates plan includes another round of 1,200 stimulus checks with more support for th entireelief package wo
All the bay area counties stand right now. As you can see, San Mateo County is the only one not on the states watch list. As part of our effort to build a better bay area, were focusing on the economy especially during the pandemic. Be on hair salons and gyms. Abc7 News Reporter Julian Glover to show us how some owners are already pivoting. Julian. Yeah, hi, yes, good morning, reggie. Here in santa cruz yet another blow for Business Owners either forced to use outdoor space if down completely. As you mentioned, it has already been a tough summer for many of these businesses that really rely on tourism thanks to a rising number of coronavirus cases in Santa Cruz County and nail salons, barbershops and shopping malls and places of worship and nonessential offices and gyms will have to shut down before those numbers go back down. We were preparing, some of them were preparing for the inevitable. Santa cruz power fitness. Theyre taking their work outdoors now. We were preparing for this. W
S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back
Little missed out there. Overcast condition, 50s or 60s and the temperatures. To san jose. 36 Miles Per Hour gusts. Clouds will be slowly retreating today compared to the last couple days which means cooler weather will settle in. 5 00 in the morning. Anything new on the screens or is there anything new . Still okay. We have a nicelooking start to the Tuesday Morning commute. I like what i see. The bay bridge is a good place to be if you happen to be driving to San Francisco from oakland to San Francisco, its a nice drive. Nothing new going on. Oakland a traffic is off to a good start. Lets get back to the headlines. We are still waiting for joe biden to announce his running mate which he said he would do this week. Joining us live with the latest on the speculation. Good morning, sarah. Reporter we are expecting joe bidens decision any day now. We dont know who he is going to pick. He did say he would pick a woman. Strong contenders include senator Kamala Harris and elizabeth warren.
Big earthquake at 4 00. Top of the Pacific Southwest building, you could feel it shaking like crazy. This video is from the fresno area and people reported feeling that quake from las vegas all the way to the bay area. Also want to show you some damage of that roadway, highway 95. It was posted by the Esmeralda County sheriffs office. They say that highway is currently closed in that area, because of the damage. The earthquake hit at 4 03 this morning, west of the small town of tonopah which is halfway between reno and vegas. There have been at least 20 aftershocks, the strongest being a 5. 1. Now to the east bay, and a big announcement for students in oakland. Twitter and square Ceo Jack Dorsey is pledging 10 million to the Oakland Unified School district and he says its to give every child in internet in distance learning. Libby schaaf and the School District estimated they need 12 1 2 Million Dollars to accomplish that goal. Organizers told ktvu by phone this morning they are in sho