Piggy bank to fund the president s unemployment plan. He said it would cost the state roughly 700 million per week. Heres Melanie Woodrow with more. Reporter for unemployed california residents, an additional 600 per week of Unemployment Benefits expired at the end of july. President trump signed an executive order that would give 400 a week in enhanced federal Unemployment Benefits through the end of december. Now the governor says california wont be able to contribute the states required 25 . Stlz is no money sitting in the piggy bank of the previous c. A. R. E. S. Act to be reprioritized or reconstituted for this purpose. Simply does not exist. Reporter he said ste as lge as califorurn gove to fron those eporte goverr d whealifornians who need that money will get it. Meantime, 3 4 of renters have fallen behind on their rent, with the majority being in the latin x community. Dr. Mark elly provided an update on the failure. 295,000 backlogged records were processed over the weekend. T
And a slowing economy. And a drive to attract tourists back to one of the worlds most visited cities that their own safety concerns. And sport had a catheter as World Cup Organizing Committee vows to keep the event affordable for founts us and all the while he says not pricing out supporters has become more important to the to the Economic Impact of corona virus. Now a new standoff could be brewing between the United States iran and venezuela over a shipment of millions of dollars of fuel 5 iranian tankers are just days away from arriving in venezuela to help ease petrol shortages there venezuelas own Oil Refining Industry has collapsed because of sanctions as well as mismanagement alexia brian reports. In the venezuelan capital caracas the queue at the petrol station can last for days. This is the richest country in the world and we should not be like this because there is wealth there is oil there is everything the shortages have plagued venezuela for years ever since its 1300000 bar
And a slowing economy plus a taste for innovation with ramadan markets banned malaysia street food vendors take their meals online. A powerful cyclon has killed at least 84 people enough to many more homeless in eastern india and bangladesh cyclon on porn battered west bengali no dishes states with winds of up to 170 kilometers an hour as sister oid homes flooded streets uprooted trees and cut power to millions of households hundreds of thousands of people have shifted from low lying coastal areas tanveer charger is standing by with the latest from bangladesh but 1st lets speak to premarriage holes on skype from kolkata in india as west spend guy. Got of course is well a cycle made landfall. Almost 24 hours ago now and as feared the death toll has gone up. To 72 baptist my chief minister the bad news she has said and the last time that west bengal saw or cycle in close which was very big was in 2009 which was. Even the chief minister has gone on to say that nothing compares to walk wes
When it comes to the dow jones, boeing is the worst performer, proved to be a drag. The 10year yield, down slightly after the economic data. Back below 20 a barrel on crude oil. Itn the government saying may give producers money not to take oil out of the ground. The next backup about 41. Lets get some details from Abigail Doolittle on the markets. Abigail it is proven to be a choppy, volatile day. Small moves but nonetheless, up and down, as investors do with jobless claims, earnings. Hat last leg lower right around the time Governor Cuomo said that the shotgun for new york state would extend to may 15, a leg lower. Investors trying to figure out what is behind all the information for data, earnings, and the virus. Behind those moves up and down, distinct camps. Amazon up for the second day in a row, investors think that this company will do well in the shutdown. On the other hand, United Airlines plunging 10. 5 . Some viewing the bailout for the airlines as not enough to do anything
Excellent meghan, a real pleasure listening to your thoughts today and we will have you back, of course, as soon as we try to get our gps with regard to the coronavirus and its Economic Impact in the marketplace. Thank you for joining us today Carl Quintanilla, back to you. Rick, see you in a little while. Good monday morning. Im Carl Quintanilla at post nine morgan brennanp with us from cnbc Global Headquarters, jon fortt from the floor of the nyse another eventful monday morning as im sure you know by now. We did trigger a Circuit Breaker at 2521, went down around 2400 and then since added about 100 s p points as we are at 2501 on the nose dow was near 25 and now 21. 2 interesting session, guys, as the day is far from over already jon, some headlines creeping out, this one just now, italy Lombardy Region posted the lowest number of new cases in the week, the kind of headline the bulls will want to see. Yes, indeed you know, i continue to watch the levels where we are jon, can you hea