Looking at 67 in San Francisco, 73 in oakland, 81 for san jose and topping out at 88 for concord. We are going to see a High Pressure system moving in and that means temperatures will be on the rise this week and i will have the full forecast coming up in a few minutes. We are keeping an eye on the huge wildfire burning near gilroy. It blew up overnight, more than doubling in size. It is now 5400 acres and is just 20 contained. It has been a real tough firefight with the gusty winds that they have been dealing with. You saw the aftermath of one property. Two homes have burned so far and 70 people have been evacuated from their homes. The first fire was reported before 3 00 on sunday, just east of highway 101 near cruise road it has been burning in a remote area. Fire crews have been dropping fire retardant and water from the sky and now they are moving to an area near henrico state park trying to make sure that the fire does not get close to highway 152 very popular. The cause of re l
Soaring. If im going to go camp out in the desert, no water, no look ups, i want to take good water with me. Hes getting familiar with the hv he just bought. He and his family are ready to roll as counties release the brakes on shelter in place orders. Theyre not the only ones. These are all class c motor homes. Sales associate robert smith says covid19 is generating another kind of surge. Sales are through the roof right now. Thats like double last year. Thats right. Rvs are selling so fast, formally this lot is full with more than 200. Today, its half empty. The vacaville store has rung up about 40 rvs each week in the last month. Motor homes ranging from 10,000 to more than 200,000 each. Customers are looking for the comforts of home. Not just kitchen basics, beds, and bathrooms, but extras like st ar power, storage, and soisis urr nyyers want str ared es ke ho we find that this is probably the safest way in terms of exposure to the virus. Its a small quarantined hotel on wheels. Na
Fast jobs will return to sustain that and to turn that into real consumpti consumption. Ron, were seeing spices in coronavirus infection. Were seeing spikes in hospitalizations as well if you looked at trends in other parts of the world, you know, sometimes those do tend to follow the infection rates is it based on an expectation that may not play out. Maybe we were through the worst of this when in fact there is still quite a bit of Health Mandates just assuming we have a Straight Line up into the future i think there is room for disappointment we have higher infection and hospitalization rates. Sadly i think the death rate is followed up by lag im particularly worried about how many states and local governments will have to push the pause button or reverse on reopening efforts. I think there is choppiness ahead. I think it will be until we get here it can be rolled out basically globally tobias, i know you just had a institutional client poll. As we wrap up this Second Quarter, what
When the time comes, after the crisis has passed, we will put these emergency tools back in the tool box. I would stress that these are lending powers, not spending powers. I will also note that we design our facilities to work for broad ranges of businesses and municipalities. We do not target particular firms or industries. Elected officials make decisions about where to direct such target relief. The cares act and other legislation provide direct help to people, businesses, and communities. This direct support is making a critical difference. Not just in helping families and businesses, but also in limiting long lasting damage to our economy. Public faith in our operations depends on transparency. If the fed were committed to that, particularly in deploying our emergency powers. Thank you. I look forward to our questions. Thank you very much, chairman powell. I now recognize myself for five minutes for questions. As i mentioned in my opening, the pandemic is strengthening and so, to
A bipartisan letter urging for delay in implementation. Every entity both banks and nonbanks which were not included in the cares act on the same footing can conduct the study with real life se narp owe that we had going today. Given the actions by congress, should we delay as i and my colleagues have called for and should the treasury examine the real life scenario we have gone through when kwuki inconducted study. I think that should be considered we are working on the study. The president issued an executive order with regards to each agenc looking at the rules, regulations that were waived, declined or whatever if they dont work now, why should we continue them down the road when we get out of this mess i assume everybody is doing that this accounting principle would fall in that area of we need to be looking at this as something down the road. I would agree thank you appreciate that. Theres a time and place for rules and regulations and a time and place that are nonfunctioning whe