A virus lockdown winner has emerged. Its walmart. They have had the advantage of remaining open and they finetuned their delivery and pickup services. They have done very well. Look at this. Same store sales, up 10 . Huge. Sams club sales up 12 , even bigger. Ecommerce, now, this is a big one, up 74 , online sales. That is remarkable. The stock, we are quoting premarket now, the stock is up nearly five bucks, 3. 8 . Okay. This is going to be a live action day. Two top money guys head to capitol hill. Speaker mnuchin, jay powell, they will be discussing what they think still needs to be done for the economy. You want my opinion, please give us Liability Protection. The president addresses the nations farmers. What do they need and whats with the Food Supply Chain. We will carry his speech live. Thats in our 11 00 hour this morning. Then theres the market. After yesterdays 900point gain. That rally followed encouraging news on a vaccine from moderna and the rapid reopening of the economy
Back into our community, and making sure that all of the businesses that have supported us over the years are here to support us in the future. Reporter time is of the essence, and the time is now. It is essentially critical, were talking about businesses that for many, work on a month tomonth misses. Reporter economic develop Alliance Just released a survey of 2000 east bay businesses, predominantly sole proprietorship. Overwhelmingly, they say this is the biggest challenge for now. To make the most critical piece of that is reestablishing the connection with customers, hitting orders going, and starting to get back into the flow of things. Reporter overdue rents, bills, hiring people paled by comparison, their Small Matters but any could end the business. Trying to get out of that hole is a daunting proposition for many. Reporter this is really about survival, we will see how it gets in the future, but nobody knows so far. No one knows how may businesses and Contra Costa County and e
Likely it is that huawei will get those licenses and the department of commerce wouldnt say specifically they wont get any licenses, they said they will review those on a casebycase basis you can imagine given the administrations crackdown now its going to be difficult for huawei to get any of these licenses from the United States to use this type of technology back over to you. Eamon, its jon what this seems to me to be is something that introduces a lot of uncertainty into the Semiconductor Industry in general. I mean if you look at chip equipment suppliers, if they cant supply technology to one of their major customers, that has an impact on their ability to make money. It has lots of follow on implications down the line is it your sense that the administration is taking an initial stance and looking for room for flexibility and to negotiate or is this something theyre going to push forward in the Semiconductor Industry has to brace for well, we dont know for sure, jon. This is a pi
Oakland at 10 oclock in the morning. And as the bay area get straight to loosen some of the stay at home orders next week city and county officials are expecting to see more and more people go outside bay area, public healtofficials announce new stay at home orders to last through may for everyone living or working in 6 bay area counties as well as the city of berkeley. But now Law Enforcement and medical experts warn we cannot fall back after making so much progress. We are asking for people to abide by the safety order youre still need a legal reason to contact that individual a asked for additional cation and detain a person conduct an investigation we could be let our guards down have another you know raging wildfire, you just have to not let our guards down and cant keep up the same. Spirit that the community has exhibited over the last 6 weeks. Certain outdoor business is considered low risk like nurseries can operate however restaurants cafes or bars, theyre not included. Health
Lochas joins us. How are you . Im great. Kristen, thank you, its great to be with you. Back in january you guys were looking at a 222 billion state budget with a 6 billion surplus and a 20 billion rainy fund. Now its not just raining, its pouring, so were looking at that 54 billion deficit that Governor Newsom has unveiled. Lets be honest here, who is going to not feel the pain . You know, kristen, i think if were going to be frank, and i dont think it will surprise anybody watching, but a massive event like this with potentially 18 unemployment, 4. 5 Million People in california have now filed for unemployment with stores being closed, restaurants being closed, nobody being able to work unless they can work at home. The impacts have already been felt, and they are going to continue to be felt. Is to in addition to that, on top of that, these pretty significant, really historic changes and cuts to the state budget from just a couple of weeks ago when we were realizing the benefits of a