First of all, update you on our hiring effort. You know, we were at record low unemployment in february, so we had low staff and low federal funding. Fast forward now, this historic demand for benefits and we are getting more increased federal funding, so we are now in the process of hiring 4,800 new staff to come help us with the unemployment and insurance demand that we are dealing with. Were doing that in an expedited fashion. Theres a great web page to give you the information about those positions that were filling, all aimed at trying to help us increase capacity as much as possible to deal with this historic load. Are you seeing any differences in the past week in terms of the claiming coming in as california starts to reopen and peopl are startg to go ckwo . Are you impact on your end yet . Well, we continue to see hundreds of thousands of new claims each week and well have some new numbers out again tomorrow as we do every thursday. And we have paid, the last week, more than 2
4 and we are told why the Highway Patrol believes this was an intentional act. Reporter the chp is searching for a suspect, who they say launched a brick 80 feet off an over crossing carrying a grandmother in front of her grandkids, this happened around 9 30 in concorde where highway 242 connects with highway 4. Officer brandon with the chp says the woman was in the passenger seat of a volkswagen jetta. Her 20yearold grandson was driving. Two younger grandkids witnessed the horrific incident from the backseat. Presumably they are just going home, and then there is crazy loud ruckus, the driver looks over and realized something happened to the windshield. And, his grandmother is struggling to breathe. Becomes unconscious. Reporter the driver pulled over and tried to perform life saving measures, but his grandmother died at the scene. During the investigation, officers found other bricks and other things on the freeway overpass really believe the object came from. Its brick and mortar li
Oils biggest drop in three decades. Some buyers of saudi crude are said to seek 50 more after it slashes prices. The ferocity of yesterdays in this mornings rolldown. You are seeing a moment of either reprieve, and the best opportunity to sell in terms of the s p futures over the past two days. On a futures front, we are off on the s p up on the s p futures. Up 3. 5 . All out recession was being pumped into the prices yesterday. We turned into a bear market. Dropping futures by 20 . Have a look at the bonds. Yesterday was down for equities. This morning there is a limit down. Thats giving you a nice spike in yields. My last guest said expect a further pump higher in terms of yields. That is when they would seek to enter the market. The fed are active. The new york fed are adding liquidity. Turning on the repo tap. Say the fed as opposed to a Global Central Bank reaction. The fed is acting on liquidity. Roll over the currency market. , yields protectionism rise in the United States of a
Director brinkman, director torez will not be with you today but you do have a quorum. Item 3, producing devices during the meeting, please be advised the ringing of cell phones, pagers and other Electronic Devices are prohibited at the meeting and any person responsible for one going off may be asked to leave the room. Please put them in the off position rather than vibrate because it may cause microphone interference. Item 4, approval of minutes. Directors, any comments or additions to the minutes from the 1s 19th . No Public Comment. Communications . Item 5, i have none. Item 6, introduction of new or unfinished business. Directors, any items to address at this time . No, seeing none, well move on. Item 7, directors report. Good afternoon, directors. So im going to start by asking my colleague, nadine tahere to come up and give an award. I dont see him, ill ask my colleague to come up and ill give an award to him. [ laughter ] so mr. Lee has been an employee of the city of the count
Jail. Also today, if you have an hsbc bank account you will soon have to pay a fee of almost 40 of what you borrowed to use your arranged overdraft. One analyst warns that steep overdraft rates could now become the new normal. And in todays brilliant election blind date, to people whove been thrown out of their respective parties go for dinner. Such a joyless election. Its different. Yes, ive always been labour, left of centre. Ive always describe myself of right of centre. Im a discontented conservative. Kenneth clarke and Alistair Campbell. And a question for you, have you heard of something called saltomophobia. Im going to tell something that there was a medical condition, and you were Health Secretary, and you should know this and its called saltomophobia. Ah, bowled middle stump. I dont know many people with that. Its an irrational fear of ketchup. Its true. I have my doubts as to whether that isa i have my doubts as to whether that is a true thing. We are live until 11 is a true