Actually voting on a select committee to oversee the money for the cares act. That vote coming up next on that, adding money to the Payroll Protection Program. At this moment right now there will be nine waves of voting because of social distancing as lawmakers will file through to do their vote on this. The aid package, the 3. 5 as it is called, aid package is expected to pass. Then it will end up at the white house later on tonight. This package will add 321 billion to the payroll protection problem which has been out of money now for seven days. House minority leader Kevin Mccarthy said 4. 4 Million People filed for unemployment this week are owed by an apology by democrats for letting the problem out of money because some of those people may have had jobs. Government told them they had to shut down for the health of the nation. They made a sacrifice, but they got sacrificed for politics last week. Shame on this body. Reporter during the debate, House Speaker nancy pelosi actually t
Seeing this as a sign that they do see sort of a light on the horizon here. With all the states beginning reopening, expanding the reopening, it will continue to be good for the economy, even in a staggered fashion. There is that. Were following markets across the board. Even issues with disappointing numbers and earnings, most seem to have factored that in. So well get detail by detail, casebycase, sector by sector. This is a remarkable comeback here. A lot of this buoyed by this news out of Gilead Sciences that its drug just might be the panacea some hoped it would be for treatment of the coronavirus. Way too early to tell that here but certainly a different reaction as that stock soars close to 6 on the day. Blake burman, monitoring developments at the white house right now including the president having a sitdown with the louisiana governor. Also meeting with more ceos and those in the agriculture, meat industry. The president you might recall has said that the Meat Processing plan
Residents. Governor gavin newsom is confident about the States Supply of ventilators even as Santa Clara County says there is an urgent need for them. At his briefing today, the governor addressed his decision to lend 500 ventilators to the National Stockpile for other states to use. We are just proud as a state because of all the great work you have all done in slowing down the rate of growth that we are able to provide those resources and confidently know that supports will be reciprocated by those governors and by those states. Some of those ventilators are set to arrivein new york and illinois. Four other states will also be getting ventilators from california. The Santa Clara County Sheriffs Department is taking steps to ensure First Responders who are exposed to the coronavirus can get decontaminated quickly to limit the spread of the virus. Jesse gary is in san jose tonight with more on this. Reporter good evening, the Sheriffs Training Center has various classrooms on the insid
Earlier today the governor expressed optimism that social close quarters, being essential distancing and the stayathome workers. You combine all of this, which order have bought the state valuable time to prepare for a of course in the black community has a history of systemic and historical racism, and youve got a real, real, potential surge in cases. He and the state Surgeon General also spoke about the serious emergency on top of an stress and emotional struggles californians may be having while they shelter at home. The Health Impacts of emergency. Coronavirus go beyond infection so i was on a call, as we speak, about how we address this. First of all, our healthcare and coded disease. Its important to recognize that stress related to the pandemic, many are feeling right now, compounded by the providers, africanamerican, economic distress due to lost wages, employment and financial historically black colleges medical schools have come up with some suggestions on how to prevent this
Lauren simonetti watching the markets. Edward lawrence also in d. C. , and Jackie Deangelis in new york, but on the markets, lauren, we start with you. Lauren what a day, right . Oil saw the biggest gain one day ever, up 25 . Closing just over 25 a barrel. Energy stocks rising in a big way. What happened . The president said russia and saudi arabia appeared close to a supply cut, taking oil off the market. We dont know if that will happen, if they actually agree to it or how much they will take off the market and where exactly they will put all of that crude because think about it, were not using very much right now. So supply is certainly out there. Anyway, great day for the price of oil. And with that, some of the big Energy Stocks as well. The oil news helped investors brush aside the news we got an hour before the market opened this morning. That showed last week 6. 6 million americans filed for first time unemployment insurance. 6. 6 million. If you add that to the week before, we