We like to have certain number of minimum wage but going beyond 16 an hour i think thats going to hurt a lot of Small Businesses. Reporter dave is the owner of Black Diamond cafe. He pays 15 an hour. He says increasing his employees pay to 16. 30 would have increased his weekly cost an additional 331. 50. He couldnt afford that so prior to the amendment exempting Small Businesses from paying the higher wage, he said he let two parttime workers go. I think it will impact pretty good because we have to cut labors. So also we might prai price. The rising costs of rent, food, transportation, all the things in the bay area, that adds up for a restaurant worker. Reporter she says there are other ways to cut costs and save money. Lets talk with the city counsel about tax incentives for employers. Lets not talk about cutting workers wages. Reporter you know, if this amendment is not repealed tonight, Small Business owners stillincreate mentally increase it. By 2027 they are paying 16. 30 minim
Everything. You know, weve had a security guy coming at night. But you know, leaving might be the only option in the end. Reporter why do you think so . Because i feel like, do i want to live like im in fort an knox . My 12yearold daughter is scared to go to the Ice Cream Store one block away because of having to walk past so many folks shooting up in broad daylight who are ming and pooping is in public. Its disgusting. Theyre harassing and scary. She cant one block to the ice creep shop. Thats not right. Reporter angela is not sure how they got in but she did find a window pushed open. Police say no arrests have been made. Cue massey aaron, kind changes s made to keep herself and her family safer . Reporter she said she was so afraid of being at the house, she hired security to watch her house at night. She was that afraid of anything happening. I spoke with that security officer. What he said he saw watching overnight coming up at 5 00. Thank you so much. In the east bay, Livermore P
Well talk to one player in residential any commercial res and ask if hes feeling the same sense of optimism, but we begin with todays market and dom chu with those numbers. Its a bounceback from the down day that we saw on friday to kind of close out the week and we are green across the board for the major indices. The dow industrials is up 128 points and onethird of 1 and its the underperformer for the value blue chip index and 28,243 and up 38 points and three quartes of 1 gain and to put that in context at the highs of the session we were down 58 points up 37 at the lows. So again, a very positive session, but tilting toward the lower end of the trading range so far today and the nasdaq composite currently at 16,113. Thats up about 140 points or maybe just about threequarters of 1 upside there. Again, greenin technology is leading the way. Jon mentioned some of that apple and alphabet dynamic because of the bloomberg report because of a possible licensing or Partnership Deal and alp
Good afternoon and welcome to the city club of cleveland where. Im the chief executive here ad its my privilege to introduce our speakertoand to ask him a few questions as well. Brian moynihan, the c. E. O. Of bank of america. As the country and world grapple with the aftermath of the pandemic, inflation, the Banking Industry has felt its share of, well call it volatility. In march, three small to midsized u. S. Banks failed, leading to a chain of events that we now refer to as the 2023 banking crisis. And on top of this, add to this the widespread calls for increased equity, access to Economic Opportunity and the increasing reliance on emerging technologies, its evident that the world of bank and financial is changing quite a bit. Brian moynihan becamed c. E. O. Became the c. E. O. In 2010 which feels like a century ago. It was a long time ago. Its the Second Largest Bank in the u. S. Youre all wondering whats the first, its jpmorgan chase. He lead as team of approximately 215,000 emp
oil prices have risen before today s meeting of the cartel of oil producing nations, as ministers prepare to set targets for the summer, a time of what will be rising demand across europe and the us. this is their first meeting since the eu imposed sanctions on russian crude. the group is under pressure to exclude russia, the world s third largest oil producer, from future producton quotas. it would be a move that could pave the way for saudi arabia and the uae to pump more oil. here s our middle east business correspondent, sameer hashmi. opec plus is opec plus is expected opec plus is expected to opec plus is expected to stick opec plus is expected to stick to its current policy of making a modest increase in production which translates to a little over 400,000 barrels of oil per day. this is in line with the opec plus agreement that was signed between the members in 2021. but the question that will be on the table and under the spotlight is what will opec plus do after sep