Slurpy day citing concerns of the pandemic. It has been going on almost every year for 20 years. The do plan on donating meals. You can get a coupon for a free slurpy. Welcome to the 9 everyone. I can tell you what. The 7eleven and hit that 5 days a week after football and track practice. I would probably get a coke or gatorade, or a can of you know what that i dont do anymore. Are you a fan . I am a fan and i used to go to the very same 7eleven, we would show up and me and tony, and mike, dan, we would pull in and get junk food and cruise around. Donating to meal a nice touch. I agree 100 . Give the money and resources to people who need it. Lets back to news we have been following, a memorial getting under way to honor a santa cruz sheriffs sergeant killed in the line of duty recently. There is a public event planned today to honor him. The memorial is scheduled at 10 00, i believe we have a live picture of what the looks like where the memorial will happen. The gates opened at 9 00
Its still too early to know perhaps if anyone did. But would that document hold up in court . And what about Small Businesses . Can they ask you to sign a document before entering their place of business . What about your own employer . Can your boss ask you to sign a waiver before returning to work, promising not to sue if you get sick. You know what, what we need is a lawyer, and weve got one this morning. David barron is a labor and employment attorney. David, you are in texas. Im in california. There may be some slight differences state by state but we can talk in generalties this morning. Lets start with employers. Say my boss says i want you back at work in the office but i want you to sign something that holds us harmless. The first question for you this morning is do i have to sign it and would it hold up in court . The simple answer is no. And most businesses that i have talked to have thought about those types of documents but decided against it. Workers comp in most states w
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
Spending and chicago pmi fed chair with alan blinder in a few moments. Steve liesman will give us a curtain razor on that. Hey, steve. Good morning, carl. Yeah, were wondering whether powell continues a cautious tone, much more cautious tone than the market seems to embrace and in a way his cautious tone seems to give the market a green light because it means more stimulus or the fed being around for a long time here among powells concerns hes expressed in the past that the employment and growth rebound could take longer than it anticipated, some businesses wont survive the downturn, a possible second wave of the virus and the stimulus will run out and think about more stimulus on the other side you can see the effects of the stimulus carl alluded to in the income and spending numbers this morning. Quite astonishing. Every one of the numbers youre about to see are historic, never been there before. 11 month to month rise in income well tell you why that happened in a second. 13 month t
Protection program and businesses of all sizes have started to use the tax tools that we provided for their liquidity. But in that time the critics have also done what they do best. They criticize. The need came has seized on an opportunity to perpetuate every negative story that critics can manufacture. You can imagine my surprise when democrats criticized the net operating loss carryback provisions in the cares act. Because oddly democrats previously supported the last three bills where we expanded the net operating loss carrybacks in 2002, 2005, and even in 2009 with all democrat rule. So i dont recall in any of those instances any partisan attacks from democrats about this previously bipartisan, antirecessionary policy tools. So why now . Sadly, that irresponsibility has led our democratic colleagues in the house to pass legislation that would take back important tax tools that we have provided in the cares act to the tune of 254 billion, and thats a tax increase on the american bu