Finally reopened on the very first day was permitted for mornings on 2 part of our fox 2 storefront pickup only. Its a huge step. Giving do drive, today we recognize Latino Community foundation, joining us now live reporter the owner says, as is ceo Jaclyn Martinez carso, it for so many small businesses, customers really want to see, is great to have you on your. Touch and feel the goods, your Foundation Helps to support Community Groups in the something that has to wait for now. Bay area and beyond, what sort we need to be in front of our customers, we are very of organizations do you support . Think you for having me here tactical and a social business, without that we have no business at all. Reporter owns sports shoe. Today. We exist to invest in latino organizations, and following all that is happening here with where oneonone unfitting the Public Health crisis. We set up a fund to invest in people shoe. Reporter you created a website and custom services. Organizations on the fron
To this virtual hearing the honorable steven mnuchin, secretary of the department of treasury and the honorable jerome powell, chairman of the board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the Exchange Stabilization fund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketpl
Back into our community, and making sure that all of the businesses that have supported us over the years are here to support us in the future. Reporter time is of the essence, and the time is now. It is essentially critical, were talking about businesses that for many, work on a month tomonth misses. Reporter economic develop Alliance Just released a survey of 2000 east bay businesses, predominantly sole proprietorship. Overwhelmingly, they say this is the biggest challenge for now. To make the most critical piece of that is reestablishing the connection with customers, hitting orders going, and starting to get back into the flow of things. Reporter overdue rents, bills, hiring people paled by comparison, their Small Matters but any could end the business. Trying to get out of that hole is a daunting proposition for many. Reporter this is really about survival, we will see how it gets in the future, but nobody knows so far. No one knows how may businesses and Contra Costa County and e
Back into the workplace. You theres been no National Program to provide worker safety. The covid19 pandemic has led to historic job losses and the economy on the verge of a recession and an unprecedented but an even emergency federal response. Today the trump administrations economic response to this crisis was held under the microscope in a state hearing. Karen k for has the story. In dire warning about the state of the coronavirus economy. There is the risk of permanent damage and will for the first time treasury secretary steven new shannan Federal Reserve chairman Jerome Powell face questions from lawmakers on the rocky rollout of the cares act the historic trillion emergency relief package, these programs are making a major positive impact on peoples lives. Thats really at times heated hearing highlighted the delicate balance between the health of americans and the health of the economy it is so important to begin bringing people back to work in a safe why how many workers should
Need to to back up because the numbers are telling us that we have. The problem we can do that that would be and we hope that doesnt happen, but we know we can. So the doctor also said that we will continue to see what she called an smooth waters with the numbers for the next few months or even a year. She said that people still need to remain vigilant. And heres a look at the coronavirus cases and deaths in the bay area Alameda County is now reporting 65 new cases today and Contra Costa County has 37 new cases in all there are more than 11,000 cases and 404 people have died from covid19 in the bay area as always you can find the complete breakdown by county and city on our website kron 4 dot com. A day after San Francisco entered face to allowing retailers to open for curbside pickup. The citys Health Director says it could be at least another 2 to 4 weeks before the city can move further into phase 2 and that is concerning for local restaurants, which are included in till phase 3. Th