Stimulus relief bills filled with a lot of wasteful spending all right its time to get your news i. Q. The record between the United States and iran is heating up even more today threats are being volleyed from both sides after a Close Encounter at sea for more on increasing fears for a full on battle breaking out between iran and the u. S. Arties Rachel Blevins is joining us from the news room with more to this rachel while manila does not appear that either the United States or wrong is backing down following a dispute in the persian gulf President Trump said he stands by the order he gave to the u. S. Navy and if any iranian vessels get too close to an American Ship he expects the navy to quote shoot them out of the water we dont want. Surrounding our boats and traveling around their boats and having a good time we dont want them anywhere near a bus and so you know the order it gave it and they got to say it again but ill give you that order thats a threat when they get that close a
Likely run oz as early as tonight. No word yet on a new deal which is leaving businesses worried the wait will force them to close. For 60 years, the millbrae pancake house has been an institution. But like millions of others, the iconic familyowned business is in a world of hurt. This is the worst. This is the worst. Were doing everything we can to survive this. Owner erin burk has cut 80 of her staff. More than 30 employees laid off. This is not how we want to end this. Burk tried to apply for a loan under the Paycheck Protection Program but couldnt. The computer was grid locked. You couldnt get through. It froze. There was no way in. Five days later, her application was accepted, but her loan still not approved. So far in april, business is 90 down. Its even worse for joe field, owner of a concordbased comic bookstore who we profiled last week. In lost sales at this point were approaching 1,000. 17 days after filing for a loan, wells fargo told him were not ready to open the applica
Americans . Markets this morning are pointing to a lower opening this morning. Take a look at average with Dow Jones Industrial average down 528 points. Nasdaq lower by 78. Dow up 1,151 points. S p yesterday up 154 on wall street. Plus the president speaking with chinas xi jinping overnight. The two countries are working together closely to fight against the pandemic. Next hour eli lilly ceo will be here on drug supply chain and how dependent some companies are still on china plus dr. Oz is here on vaccines and growing concerns about children getting the virus now. Plus americas biggest music stars coming together to help raise money for victims and First Responders. The eye heart living concert presented by fox, and air live including fox business, join us for jellon john, billy eilish and many others taking part in charity event. Mornings with maria live right now. Lets check Global Markets. European leaders still unable to agree to join together to fight spread of coronavirus and Ec
America now has more cases of covid 19 than anywhere else in the world new york is the at the center. California is not far behind new york and new jersey and right now weve been monitoring the governor of new york speaking live updating his state about the terrible a state that they are in there and is warning everyone that they are a sign of things to calm because he doesnt believe those numbers as horrible as they are going to apax until 21 days from now so thats what california is worried about becoming the next new york and that is why we are continuing social distancing and shutdowns here in the bay area. Im darya folsom, ive got the latest for you on the virus which is showing. No signs of slowing down John Lawrence has more. The covid 19 pandemic is growing exponentially we see cases doubling every 3 to 4 days for 4 consecutive days this week the us had its deadliest day of reported deaths due to the virus mrs. Day 5 of corn gene in day 5 of widow, good for me. Were clicking of
Rule aimed at people who may not be able to pay their home and business mortgages because of the ongoing Coronavirus Crisis. Now, when Congress Passed and President Trump signed the 2 trillion c. A. R. E. S. Act, they approved some relief for people with federally backed home mortgages. People in this group can ask for a forbearance of loan payments for up to 180 days. There are a few catches. People would still be required to pay those payments when they return to work either in full or at the end of the term of the mortgage. Here in california, governor gavin newsom announced a deal with more than 200 banks that hold private mortgages to do the same for 90 days. But there are still gaps. San mateo county supervisor david canepa says the federal government needs to fill them. In San Mateo County weve done protections for renters, but we really need to address the issue of protections for homeowners. Just because you own property doesnt mean youre rich. Reporter canepa is asking congre