Ive got another one for you. 25 million of us were indeed out and about over the last two weeks and that is a big increase. Its not back to normal but we are coming out of the total lockdown. Dead on arrival. Thats the speakers 3 trillion spending plan. It would have encouraged staying at home. It would have bailed out the Postal Service. It would not have provided any Liability Protection for businesses. It was a votebuying scheme. Thats my opinion. Thank heaven its dead. Now this. Fed chair powell is speaking right now. This is the man who is in charge of printing money so whatever he says is important and it can move the markets. Edward lawrence is with us. Whats the headlines, edward . Reporter yeah, stu, the Federal Reserve chairman saying right now we are in the worst recession since world war ii. He says that this is a severe decline of Economic Activity and that job gains over the past decade have been erased. He says the coronavirus is the largest shock in history. Hes talking
The issue of mail in voting. Now the coronavirus outbreak to have amplify that order clash kron fours dan thor is hearing from both sides tonight, hes live in San Francisco with more and dan were hearing this debate played out all levels of government but a governor newson just up the ante here in california. Thats right grant will this executive order has bay area republicans worried about voter fraud and voting errors only increasing in the state and those are ideas that President Trump has also expressed but bay area democrats say that mail in voting will only maintain voter turnout here in california and also keep voters safe as the coronavirus pandemic continues. Fears of covid19 have pushed governor Gavin Newsome to send mail in ballots to all registered voters before the november election, the friday is reinvigorating the voting debate between the left and the right political crisis go to waste as the democrat. Always happy to say a San Francisco Republican Party chair john denn
Just one day after President Trumps valet tested positive. She tested the very good for. A long period of time and then all of a sudden today she tested positive. The white house now says theyre taking every precaution we have put in place. The guidelines that are experts at experts have puto forward on to keep this building safe. This as americas jobs market suffered a massive hit 20. 5 million jobs lost in april the highest number since the Great Depression enter a transition period. The summer. Before we have sort of readmission of the economy and i think that were not quite in the transition period yet. Its 5 that stocks barely flinch closing out the week at more than 450 points up we have to start all over again. And we will start all over again and well build something that was. Even better than we had before. Across the country in california. Were now learning the first known coronavirus fatality in the u. S. Died from a heart rupture triggered by the virus and on the first case
Nonessential businesses from offering Curbside Service business wanted creek say they agree with the countys decision to wait a little bit longer. Because why would i just be different. Logic is that were a part of the east bay, the census compare were part of that marketplace. Therefore e it makes sense that all the counties were together with what theyre doing. Well the California Retailers Association is working with Business Leaders in wanted creek on guidelines to make sure that shop owners are in compliance with phase 2. Those guidelines are scheduled to be unveiled at the chamber of commerce meeting on tuesday. Now to the south bay this morning where san joses Business Leaders are working on a new plan to provide restaurants a lifeline after the shelter at home orders are lifted. Its called san jose all fresco and the goal is to allow businesses to access public spaces, an outdoor facilities to serve customers. Many restaurants are preparing for a post covid19 world with fewer s
In europe and japan, Government Bonds pay no interest at all. In fact, when you buy a Government Bond there, you dont even get all your money back. Never in Human History has the lender paid the borrower. Rates are tumbling. This amounts to a worldwide race to the bottom in Interest Rates. Where it leads, i dont know. But its now very likely that our Federal Reserve will drop rates aggressively from here on out, simply to keep pace with everyone else. If they dont, the u. S. Dollar will keep going up, keep disrupting our trade and our economy. I thought that with all this free money flooding into the world, that a lot of it would go into the stock market, our stock market. That is not the case, at least not right now. The dow will open with a big drop, over 250 points to the downside and there will be losses on the s p and nasdaq as well. Other markets are convulsed by it all. Look at gold. Theres a rush to the safety, what they think of as the safety of gold. Its back above 1500 an ou