Unfolded, here are some of the highlights from todays news conference. The white house today pledged immediate help for individuals and Small Businesses. This came on a date when we learned that 6. 6 million more americans wild unemployment claims last week. Treasury secretary Steve Mnuchin is said people who have their banks direct deposit information already on file with the irs will get direct payments within two weeks as part of the stimulus bill. Im pleased to report that within two weeks the first payments will be direct deposit into taxpayers accounts. As the president said, he authorized me to say that anybody who has Social Security recipients will not need to file a new tax return and will have that. The secretary said there will be a website for people who dont have direct deposit on file, and they can provide information in order to get their payment. On the medical front President Trump said today that he has again invoked the defense production act to ensure that manufact
Covid19 crisis. California now house more than 10,000 cases of covid19 and 233 people have died. Los angeles county has the most confirmed cases with more than 4000 followed by Santa Clara County at more than 1000 and San Diego County at 849. A south bay nursing home has at least a halfdozen residents and staff who tested positive for the virus. Jesse gary joins us now in san jose with the details and what is being done to keep the problem from getting worse. Reporter late this afternoon officials with the Canyon Springs postacute care facility increase the number of covid19 cases they are reporting. They reported three, now its cials to call relatives of d residents and as a precaution, tell them to come get the relatives, bring them home for a 14 day quarantine. Officials say multiple positive test results were revealed, one as recently as this week, two residents and four staffers are infected with covid19. One resident was discharged before the test results were known, the other is
Familiar. Good morning. To fbn a. M. Good morning. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl lets take a look at how your money is moving this morning after markets jumped 5 yesterday after promises of stimulus from Steven Mnuchin and the president. We had been limit down overnight at one point. U. S. Futures are in theory going to be limit down again before we open today. Dow is down almost 4 , 821 in the premarket, s p is down 92 points, 3. 69 , nasdaq is down almost 4 andahalf percent. Lauren the 10 year treasury yield moved up 36 basis points yesterday, its up another 11 right now, 1. 192 because there is to much government supply at the moment. Cheryl were looking at oil, because we continue to see pressure in that market. Fears of a global recession, more and more analysts talking about that, that is putting pressure on oil once again, a 2 drop in crude, below 30 bucks, 26, 37. Gold, usually a safety play, its down about 2 . Lauren nervous investors tryin
There are now more than 200,000 cases worldwide. About 370 confirmed cases in the bay area and in santa cruz county. Counties have been directed to shelter in place and its unlikely that schools will reopen before the end of the academic year. Sam lacardo will announce relief programs for people out of work or sick because of coronavirus. And theres a bit of good news for people who havent been able to find what they need in the Grocery Stores. Our crews in the field notice the panic buying is slowing down. This morning when a lot of you are waking up to start homeschooling your kids or working from home, they have been up for hours restocking shelves. Fresh fruit and vegetables that are dependent on our health. Amy hollyfield live in south San Francisco. Good morning, amy. We hear about people stockpiling on toilet paper and pasta. You dont think of people binge buying produce but we checked in with the distributors and they say people are doing just that. Theyre really seeing a big r
Jose but we will see this line of showers making it farther to the south. As we get a closer look where its raining now concord, fairfield, vallejo, San Francisco and san mateo, well see that light rain continue. Mike, you spotted puddles in the north bay. I share these pictures closely. Its right here where the radar kari showed us through san rafael, showing up in portions of the east bay, contra costa county, no problems as far as traffic flow. Theres slowing getting away from the bay bridge. Im told theres a traffic break coming up because of the crash and that may be whats going on. Very light as you know. Back to you. Thats right. Bay area roads, eerily empty as most bay area counties remain under the shelter in place order. Today in the bays bob redell live for us in dublin with how the second day of the shutdown is starting out. Bob, what are you hearing out there . Reporter well, marcus and laura, what im hearing behind me is traffic on 580 where you can hear the traffic is at