Money to offset billions in budget cuts the state budget includes more than 11 billion. In cuts and deferrals those cuts were made to colleges court state worker pay and more those cuts could vanish if the federal government the state more money by thursday. The pair bay area cities among those topping list for businesses that had to close during the pandemic that is according to a new study from yelp which also says california is the hardest hit state in the u. S. With more than 19,000 permanent closures. For closures for every 1000 businesses, San Francisco took the second spot with san jose 5th among us metro regions again thats according to yelp some industries have fared better than others yelp says restaurants have been hit the hardest followed closely by shopping and retail. The u. S. Could see 20,000 more covid deaths by the end of october that stark warning today coming from a former cdc director doctor tom frieden says that this projection is based on the number of infections
Will google or facebook or others be broken up . Congress calling for big changes at big tech. As an investor, you have to hear this news. And could be the metals is where it is at an interview on where the value is right now it is wednesday, october 7, and this is worldwide exchange. Good morning, good afternoon, good evening from wherever that you may be watching we aint talking about love, but we are playing the music because we are talking about Eddie Van Halen, dying yesterday at 65 years old due to cancer. Rest in peace, Eddie Van Halen you made a lot of nights a lot better thank you. And lets see how the markets look right now, 5 00 hour as the sun is not even close to being up you. This follows a steep selloff tuesday afternoon, futures there higher about 229 the president s abrupt decision to scrap stimulus, but then around 10 00 a. M. , tp. M. , presi saying that the house and senate should immediately, all cap, approve 25 billion for Airline Payroll support and 135 billion f
Growing inequality. Welcome to d. W. Business i want to get jones in berlin good to have you with us. And the british pound rose 1. 7 percent against the u. S. Dollar its biggest jump since march that of course as britain and the European Union move back to the negotiating table now that move comes after the chief negotiator offered asked london put it all if branch its a last ditch attempt to strike a deal to avoid a messy breakup at the end of the year only a few days ago british Prime Minister Boris Johnson threatened to quit talks on unless the bloc offered a quote fundamental change in policy. And all of this comes as u. K. Government borrowing is source amid the coronavirus pandemic taking public debt to its highest level since 1960 and the increase borrowing to total public debt above the 2 trillion pound. Or 103. 5 percent of g. D. P. Though in comparison germanys finance minister expected to make up just 75 percent of by the end of the year the European Union as a whole is sti
Round two. Has admitted sachs its role, reaching multiple settlements. Aery lets get started with check of the markets. U. S. Futures coming online slightly higher. This after we saw u. S. Stocks gaining ground in the regular session. There was optimism for another round of stimulus ahead of the last president ial debate. , andht, banks rallied reached the highest since june Energy Shares rebounded with oil. We will check that shortly after. Small caps also gained around. We could take a look at the dollar right there. We saw again in the first time in five sessions. Check out oil right now. A flood at the moment at around 40 a barrel level. , also the latest sign of opecplus that they ford be restraining supply longer. We heard Vladimir Putin say that russia is able to put output further if needed. Haidi a thick a look at how we are setting up the asian session. There getting this out from u. S. Election. Greater volatility and portions playing out here. Take a look at nikkei futures.
Still ahead robin. A pretty busy commute to San Francisco right now thanks to an early trouble spot. Of Treasure Island so lets go. Dont know whats wrong with the mikes all toss it back to you i will work on that thanks a lot robin. Meantime the big story that were following is possible Power Outages people are bracing for shut offs pg and e is releasing more information too about which areas could be impacted. Yeah weve got kron 4 Sarah Stinson standing by in Sonoma County with a look at what we can all expect sarah good morning. Other finally releasing you know which counties how many customers will be affected by this power shut off if it happens. Tomorrow afternoon and it could be as many as 22,000 customers take a look at your screen we rode out each county for you and spelled out just how many people would be affected you can see there on your screen it would be including alameda contra costa santa clara and san mateo counties and then as we slide over to the next one napa sonoma