Time to do something drastic. A National Lock down. We spoke with Business Owners in san jose about this idea. Tonight as california becomes the second state after texas to surpass 1 million cases of covid. A staggering proposal from joe bidens Coronavirus Task force. Lock down the entire country for up to six weeks. With the government paying people and businesses for the money theyll lose. If theyre coming up with package to help support the Small Business during the type of lock down, it depends on what level. If we make the employees whole and pay bills. Not making money wont bother me. If i can participate in squashing the virus. Hes been the owner of the restaurant for 15 years. He says he wants to be part of the solution. Despite the incredible damage the pandemic already has done to his business. Financially, were down significantly. Five years ago in downtown san jose. Shelly opened the painted lady salon. Covid put pressure on her if many ways. Not just as a Business Owner bu
Making that commute from pleasanton down through sunol grade we have some major backups because of an earlier crash involving an overturned vehicle. They are trying to clear everything out that all lanes are still stopped temporarily. Caltrans tumors have been sweeping up some gravel. We have the maps. If you are taking 680 from 580 to 237 that will take you 52 minutes for we have more cards using 84 as an alternate. Traffic is heavy. If you want to use westbound 580 words at 238 or 880, you will see delays to the dublin interchange with a broken down vehicle at san ramon road. This just in from indiana, a federal execution has just been carried out. It is the first in nearly 2 decades. The inmate put to death was convicted of killing arkansas family and the 1990s and a plot to build a white only nation in the pacific northwest. The execution faced a series of legal challenges related to the pandemic. We are continuing to follow the huge fire burning in san diego on the baby warship ca
Government bans the purchase of new 5 g. Equipment from the chinese tech giant holway. 14 people are dead in ongoing cross border fighting between azerbaijan and armenia. And im really wanting is with the sports news and saudi arabia tries to tell you. Newcastle united it announces that its canceling the license of one of the premier leagues biggest calls partners in sports details coming out this hour and beings reaction to. The International Court of justice at the hague has ruled in favor of qatar in this dispute with 4 out of countries that have imposed a blockade on the gulf states and have prevented qatari aircraft flying over their airspace the court said the u. S. Civil Aviation Agency has jurisdiction in this case. Because of one. Unanimous. Reject is the other the froth by the kingdom of bahrain the art of that bubbly coffee get the kingdom of saudi arabia and the united at of immunity to. Buy 15 both the one. Told that the council of the International Civil Aviation Organiza
It may not rhyme but its more compelling than sell in may and go away. It was something i heard many years ago and then it turned out to be a terrific summer rally, because of a rhyme sell in may and go away is suboptimal advice, but this may it just so happens the markets run too much versus if fundamentals the dow plunged 622 and the s p losing 8. 2 . And the nasdaq knowsdiving 3. 20 off the rails. Now, after a week that ended in a bombshell after President Trump talked about the possibility of retaliating against china for not doing enough to stop the coronavirus, i dont love the timing here but if theres one thing weve learned, you need to take the president seriously when he threatens to take action against china, because hes done whatever he says and thats bad news for the stock market let me put it this way in 2018 and 2019 we went after the peoples republic with both barrels. We were in a position of strength strong gdp growth and incredible job market 30 Million People have lo
Earnings. We will speak in the 1 00 hour with the citizens ceo, so make sure everyone tunes and for that. Boeing up as well after its factory will get up and running again. Then theres a few more regional banks doing ever so well. Gilead had been one of the top performers, up 8 . But Morgan Stanley and a couple the 15 houses saying billion Additional Market cap may be just a little exaggerated. We dont know anything about the drug trials yet. Not enough, anyway, but it does look promising for covid19 patients. That is the story and the stock market. The 10 year yield at 60 basis points. New york crude continues to plummet, down at 18. 40 a barrel. The dollar continuing to rise broadly, although we are soft on the day. There you have the u. S. Data check. Guy it is interesting, that gilead study. Very small at the moment. It will be interesting to see what happens in phase three. Lets get more with what is happening in markets and the economy. Joining us over the phone is Chris Watling