Governor unveiled a revised stcae budget that s for steep cuts to icpu blolsc deficit of 84 billion due to declining tax revenues and soaring b losses. Also, california state senators returned to sacramento with two innovative relief packages that would help people stay in their homes. E, meanwhilouse democrats are proposing a 3 trillion round of federal aid despite opposition from the white house and senate republicans. Joining us are the kqed Senior Editor of politics, scott shafer, and correspondent risa lagos. Thanks for being here. It has beall about the benjamins this week, whether we are talking the state or the federal level. Talk about the heroes act, made for this fifth Coronavirus Relief package to actually become a reality . I think in fact, it may never become a red ity democrats in the house generally know that. This is something that depublicans have opposed in teo s. About how much of that 3 trillion ould go to individuals versus to local government, state and county go
Governor unveiled a revised state budget that calls for steep cuts to Public Schools and a pay cut for state workers. California is facing a debudget cit of 84 billion due to declining tax revenues and soaring job losses. Also, california state senators returned to sacramento with two innovative relief packages that would help people stay in their homes. Meanwhile, House Democrats arin propa 3 trillion round of federal aid despite opposition from the white house and senate republicans. Joining usare the kqed Senior Editor of politics, scott shafer, and correspondent risa lagos. Thanks for being here. It has been all about the benjamins this week, whether we e are talking state or the federal level. Talk about the heroes h t, wh the democrats new to 3 trillion proposal for Coronavirus Relief what compromises would need to be made fothis fifth Coronavirus Relief package to actually come a reality . I think in fact, it may never become a reality and democrats in the house generally know t
Businesses will have to implement a sitespecific plan to protect employees and customers including disinfecting and social distancing. None of this means anything if customers dont feel safe. And none of this matters, in the spirit of your question, and direct response if employees dont feel safe and dont want to come back to work i dont see the issue of economic opening and growth disconnected from health. Other businesses include pet groomers and dog walkers. The governor said counties can remain under stricter orders if they decide to do so because of local conditions. That includes these six bay area counties that have collectively decided to remain under stayathome orders through the end of may. Mini bay area Restaurant Owners are trying to see how they can adapt to these new guidelines. Ktvus rob roth spoke to some of them. They see opportunity, but also struggles ahead. Reporter when slow hand barbecue i did have it to take out orders only the owner didnt know what to expect. We
From ktvu, this is mornings on fox 2. Thank you, for mornings on fox 2. I am pam cook. I am dave clark, do you have your specialty cup with you . I actually do. I love saying that. I switch it up, but you know that this is my favorite. Steve, he is one of my favorites. We are talking about more clouds and rain . Not a lot of sunshine . Yes, there will be an opportunity for rain to the north. Everyone will get in on the rain, even toward san jose. A pretty strong system for may is on its way. A lot of this will favor areas north of the golden gate bridge. You could pick up a 10th of an inch. 47 degrees in santa rosa. 51 and livermore. Temperatures will not do too much, you are under partly cloudy skies. The wind is pretty calm. I have not seen anything worth showing. This will exit stage right, and highs today, near average for some. Especially santa rosa. Over to sell, we see if anything has popped up. The same thing, it is a light commute. Lets go take a look at what we have. Traffic
He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a break thus far. His tech holding up again . Abigail tech was holding up, you had the faang Index Holding up. Do your point, out of the march lows, tech is up in a big way. The faang index up 20 . To the downside, the financials continue to lag. This year there down 30 . That is 10 of the market. The s p 500, to continue the rally out of the march lows, you will need to see all the sectors get on board, the banks, the industrials, and some of the cyclical sectors are lagging. One reason the banks