Major increases in the oec through the prop c opening, as you know, thats in the budget for 2021 and significant increase in our feeding in response to covid and that it will be included in the dos budget and the one Million Dollars increase for ihss is the wage increase and the impact on the general fund of that and given the economic downturn due to covid, we anticipate significant increase in our cash assistance programs in human services, specifically in county and assistance programs for adults and families. You can see the total of 19 million there and the bottom is our attempt to move thousands of people into subsidized employment through our jobs now, expansion to provide paid sick leave to employers in San Francisco so that their employees could take sick patients if they get ill. So next slide. And you asked in our presentation to lay out the fte count and we lay this out by department and you can see the bulk is in the department of human services, almost 1500 employee, dos,
Good thursday morning. Welcome to squawk on the street. Im carl kint nia and jim cramer still over 1 million for the 20th straight week ahead of the jobs number. Leader mcconnell will join us on the stimulus talks that continue on the hill followed by Speaker Pelosi later this hour, jim, as we continue to get reports that the two sides are trillions of dollars apart. Yeah. This is a day where we have to find out in our interviews whether theres any hope for compromise because if there isnt, youre going to see a full open business that will make the unemployment numbers very rearview mirror. A lot of people recognize that theyre trying to figure out, is washington playing partisan politics do they genuinely want to deal maybe they dont we will find out during this show. You think well find out . Well talk to mcconnell first, jim. Yeah, i do. A billing part of that is sort of the fragility of the republican caucus. As mcconnell has said this week, jim, he has 20 senators who feels we hav
Lemonis my name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Katelyn hi, ladies, welcome in. Lady customer return. Tasha yeah. Lemonis lady fuller got the idea for a barthemed jeans store while still in school and then made it a reality. Lady we are obviously a bar of jeans. You walk up and kind of order a jean like youd order a cocktail or coffee. Lemonis the concept was a hit, prompting her to open up 12 more stores in just a few short years. But the denim game is incredibly competitive, and ladys aggressive expansion plus her retail inexperience created some serious problems. Lady these are superdirty. Thats disgusting. How the. Did it get like this . Lemonis blue jeans a
Down again that reopening trade getting slammed. You can see that in the airlines there all taking a hit today later, check out this ride shares of avis budget, up 300 from the march lows. Getting a boost in the red hot used car market. The ceo will join us power lunch starts right now thanks energy and financials are leading the declines today they are down way more than that stall worth technology sector. Bob has more on this Early Morning reversal same story. Teches still out performing energy, financial, other cyclicals. Not a good start to earnings season big miss on earnings and very poor guidance. Walgreens has not been a good stock. Thats real problem. I think they may be basicing market mentality banks same story Huntington Bank was 5 goes to 12 its back to 8 again. Its an invertsed v. Whats moving the market theres five things. Is the reopening going well or not. Lets call it bumpy. Is stimulus coming maybe theres less good news on treatment advancing. Thats good news elsewhe
Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide relief and instability to ensure that the recovery is as strong as possible. Additionally, the fed has purchased more than 2 trillion in treasury and mortgage began ins since midmarch. Because of this, the Balance Sheet has expanded to more than 7 trillion. Congress, the administration, and regulatory agencies have taken action to protect and stabilize the infrastructure of our Economic System. The cares act has been central to that effort, and recent stats indicate that our labors are working. I