I know youre loathe to lay into fiscal policy but given forecast for Unemployment Rates, do you think its important that congress extend the extra unemployment benefits. I think were trying to keep our comments on fiscal policy at a high level ill come to your specific question let me just say this, this is the biggest economic shock in the u. S. And in the world really in living memory we went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months extraordinary. Appropriately the response there fiscal authorities has been large, forceful, and very quick by the standards of these things roughly 3 trillion congress has authorized, and thats benefiting households, laid off workers, small and medium businesses, hospitals, state and local governments, 14 of gdp, its in a class by itself in terms of both the size and the speed of it. Its also pretty innovative. Both the ppp and Unemployment Insurance are quite innovative in th
Hundreds of covid19 patients. A to go when it comes to testing for covid19. The governor says the state is working now to speed up the testing process. All of this comes as no testing sites are opening around the bay area. Cristina rendon own joins us with more on that story. Reporter oakland and San Francisco each opened testing sites today with a focus on frontline workers. Both cities say we need to take care of the people who take care of us. I apologize for the technical errors here but we can tell you that in oakland today, a drive through testing site opened at the Kaiser Convention Center parking lot on 10th st. And that is only for frontline workers. People who are in direct care jobs, so we are talking about those who work in healthcare, people who work at homeless shelters, and people who work in the food service industry. Again, that is by appointment only and you have to have insurance and it is not open to the public. Here is more from what we learned today. The city of o
0. 769 a little lower than weve seen in weeks leading up to this. Joe, the most important thing youve said is it is friday. Is it friday . The days are all it has been months. And then again, it feels like one whole long day for the week. In this new bull market we are in we will see, hopefully. Three days im not saying that we are they make no sense anymore. I guess it is possible we could look back a year or two now and say, wow or as Paul Tudor Jones said. Are we opening he said we could probably see some new lows. We are still on the front edge of this horrible thing that will play out in new york and other cities hopefully not as bad as people thought. The coronavirus cases surging to nearly 86,000 passing italy and china and making america the site of the largiest outbreak. The death toll is nearing 1,300 in the u. S. So far those number doubling somewhere around every three days right about now, a little less. Lots of questions about other areas too now how this is playing out i
Surgical masks and gloves. We initiate ad air bridge that the president announced yesterday. Flights arrived in new york. One arrived in illinois yesterday and a flight will arrive in ohio in the next 24 hours. Fema is literally working and contracting around the world with now more than 51 flights that well be bringing vital medical supplies. On the subject of ventilators, fema is currently delivering 400 ventilators to michigan, 300 to new jersey, 150 to louisiana, 50 ventilators to connecticut and in the last week and in the week ahead more than 450 ventilators to illinois. This is in addition to more than 4400 ventilators that the president and fema directed to the state of new york. We just want people that are working on the front lines that the president just spoke about, dr. Birx and dr. Fauci spoke about, we want you to know help is on the way and at the president s direction well leave no stone unturned anywhere in america or anywhere in the world to make sure that you have t
Abbvie. Here. Now. Now at 11 00, a desperate effort to stop the spread of the coronavirus in a growing number of bay area Nursing Homes. The patients there cant get out. Theyre dependent on others to help them with their life. Tonight, new cases and frustrated families as facilities scramble to protect their residents. Reporter a top Santa Clara County official believes the pandemic could change the world of sports. How long he believes sporting events could be canceled. Reporter some bay area counties are imposing tougher restrictions ahead of the Holiday Weekend, and what marin county is doing to those violating the shelter at home order. Now at 11 00, and streaming on cbsn bay area. A bay area nursing home residents and their families. Good evening, im elizabeth cook. And im ken bastida. Were following new developments tonight at the Gateway Center in hayward. Seven seniors have now died from the virus there. Another 33 have tested positive. 25 Staff Members are also infected. The s