With in addition to the pandemic so yeah get right to it john trouble in the Weather Center will start their jobs. Yeah guys definitely was not a fun night for those of us that did lose power, especially for those of you that were trying to cool off a little bit. Temperatures today will likely again be shattering records areas like San Francisco full 10 degrees above the former record reaching into the 90s for a few spots in the city says you look at the Golden Gate Bridge right here Crystal Clear skies we are off to a warm start already with 60s 70s for most of our current temperatures did cool off enough last night to let it cool breeze into your house, but as we make our way through the day today we are going to be seeing temperatures just as hot as yesterday in some areas despite a one to 2 degree cool down and others think areas on the map still under that excessive heat warning and thats all the way through wednesday. So this is an extended round of heat ahead of us not really lo
Meaning they will relax the guidelines and more Retail Stores and shop Small Businesses will be open for Curbside Pickup. Now a solano and sonoma counties are already there. In the east bay we have Alameda County a Contra Costa County both still in phase, one however Health Officials say they will. Make a decision on face to perhaps as early as today. Santa clara county, however, which has been the hardest hit here locally. Currently remains in phase one with no indication on when they might interface to seems like people are antsy to get out and thats what we saw already over the weekend in San Francisco an hour out there live this morning with Sarah Stinson hi sarah. Ive area retailers can open for Curbside Pickup starting at 10 oclock this morning. So its still early but were seeing what were seeing behind me the store still boarded up completely doesnt look like the stores are opening up any time soon thats what were live out here to see if the stores are going to take the boards o
Good morning and thanks for joining us. Im darya folsom and breaking news, the wall street journal reports over. Is closing one of its downtown San Francisco offices and laying off about 500 people who work there. The journal reports uber ceo made the announcement in an email. This morning, 2 employees uber says its in response to the coronavirus pandemic in all 3,000 people are being laid off in this latest round in the company is going to shut down 45 offices, worldwide. Experts say that uber is cutting about a quarter of its workforce. This month. So now we know how the bay area will be affected. Other news this morning, San Francisco, san mateo and marin counties are entering phase 2 reopening their businesses today that means Retail Stores and Small Businesses doing business with Curbside Pickup napa solano and sonoma counties are already in phase 2. In the east bay alameda and Contra Costa County they are still in large part lockdown but Health Officials say theyre going to make
Cause u. S. Central bank to rein them in stabilize the markets by wednesday morning. And while the u. S. Central bank makes their latest policy moves their counterpart in the European Union is marking an official leadership transition on tuesday Christine Legarde officially became the new president of the Europe European Central Bank and the former managing director of the International Monetary fund with 394 votes to confirm her in the European Parliament 206 members of the European Parliament voted against muslim guard and 49 abstained from the vote reuters reports in ms the guards latest financial policy making position she will likely have to decide on whether and how the e. C. B. Takes on a new investigatory role in a years long cascade of scandals at Deutsche Bank reuters reported that e. C. B. Staff are considering opening a formal investigation Deutsche Bank for alleged an authorized purchases of their own securities specifically bonds classes. Wide as 81 and 82. Joining us now
Central bank the Federal Reserve which as expected lower the target range on the key federal funds rate by 25. 00 basis points wall street seems to be giving another thumbs down on the rate cut so looking at this lets go to. Lets go to the jay powell will explain the feds choices theyre cutting rates to boost the economy but heres what a poll said recently about the state of the u. S. Economy. So were not forecasting we were expecting a recession as i mentioned incoming data for the United States suggests that the most likely outgoing outcome i would look for the United States economy is still moderate growth a strong labor market and inflation continuing to back up i went through the numbers so the consumer is in good shape and really theres theres. Or or main expectation is not at all that theyll be a recession. And weve identified this disconnect before but mr powell says theres no expectation of a recession so then why the rate cuts weve been over this contradiction before but its