In a separate ruling, the Supreme Court unanimously is ruling that philadelphia must accommodate a Catholic Foster Care Agency that is refusing to place children with samesex couples. Big issues at question there. Jessica schneider is live In Washington with all of the details as they come in. Focus in on the obamacare ruling, please. The Supreme Court saving the Affordable Care act, once again this morning. Doing it with a2 decision. The latest challenge of the law, that was put in place, the latest challenge is invalid because the justices are saying that the plaintiffs here, including republicanled states, didnt have the injury, or the legal standing, to bring this case. The Affordable Care act remains in effect. And the 20 million that have conch coverage under obamacare, they will continue to have coverage because of the Supreme Courts decision this morning. Its possible that republicans or other plaintiffs might find a way to challenge this law at some point. For now, it stands.
Hospitalizations. Contra costa county has moved from the orange here to the more restrictive red tier and even though San Francisco has remained in the yellow tier local Health Officials are preparing the state to move them back into a more restrictive tier. Our personal bello has more on what is being affected and when those restrictions go into effect. Mayor london breed said tuesday that 2 weeks ago officials knew they were possibly headed in this direction. And unfortunately after seeing a 250 uptick in covid cases here we are the fact is. The virus is spreading. And we have to make the hard decisions citing a consistent uptick in cases since last month mayor london breed is once again asking the residents of San Francisco to be cooperative as they make significant rollbacks beginning friday evening the city will eliminate Indoor Dining. Gyms and theaters will go back to reduce capacity of 25 . And while schools currently open for in Person Learning can remain open additional reope
Restaurants. All kinds of places they just got people inside and now theyre shutting down this must be a shock wave. A shock wave, vicki and katherine also stunning and devastating for the Restaurant Industry were here in San Francisco and restaurants were hoping that they can just keep going, but this is really going to make them roll back and the effects are going to be stunning they are telling us lets take a look at some video of the restaurants here in San Francisco. They were offering 50 of their indoor space to guess and now theyre told to pull back services mayor london breed that you heard and director of Health Doctor grant colfax announcing tuesday that the city is turning back on reopening. Now theyre pointing to the significant a rapid increase in covid19 cases plus hospitalization rates climb. For the Restaurant Industry that means Indoor Dining will halt affective friday night at midnight kron 4 spoke with the president of the Golden Gate Restaurant Association and owner
Advisor has resigned. It comes one day after President Trump fired mark esper. Not give a reason for his resignation. A vatican investigation to x Cardinal Theodore mccarrick has found bishops, cardinals, and popes downplayed or dismissed reports that he sexually abused children and adults. The vatican took the extraordinary steps today of publishing its twoyour internal probe into mccarrick. The report places most of the blame on the late Pope John Paul as 1999, newarly that the behavior was problematic. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Will there be any thawing of relations between china and the u. S. Under a biden presidency
Europe and other parts of the world that are not encouraging. Clusters in new york. As folks worry about the possibility of a second wave, or even a second wave that is seeming to be starting, you see those parts of the market hanging back. That is exactly what happened in january. In addition, the bond market in the u. S. Is closed for the holiday. Japanese yen, the up a second day in a row. Over the last two sessions, the dollar against the yen down the most since the middle of september. On the surface it is risk on, but below the surface there are nuances to keep in mind. Taylor thank do bloombergs abigail doolittle. Investors have been watching for ,ny signs of fiscal stimulus but any chance for a deal looking less likely. President trumps time to spark negotiations on of the round of virus relief falling flat with House Democrats and republicans on capitol hill. For more perspective, i want to bring in ed mills, washington policy analyst at raymond james. I am curious. It seems l