A paltry one trillion dollars,. Only in this day and age can one trillion seem cheap. Democrats want 3 trillion. Well follow battle back and forth. In texas where were seeing a spike in cases but some are finding positive signs that the spikes are not quite as high as they use to do so be. Also that, and the vaccine push right now that has some promising implications for texas. To silicon valley, what is going on there. A lot of tech ceos on wednesday will be on capitol hill. Lets just say the environment might match the weather, hot and getting even more heated. So lets get to it with chad pergram with republicans with their own coronavirus bill, that also tackles that sticky subject of those jobless benefits. Courtesy of uncle sam. Chad, where do we stand on all of this. Reporter neil, they released their plan yesterday, about five or six distinct proposals. Frankly republicans are in a pickle. There is a lot of disagreement, there is a lot of disowe nance on the republican side of t
Counties that are on the watch list for increased coronavirus activity. Abc 7 News Reporter Lyanne Melendez has local reaction. Reporter School Districts in the buy area had every intention of welcoming back students in the fall. Until covid19 numbers recently forced the state to roll back business reopenings in several counties. Marin county, for example, is one of the districts on the states watch list because of its rising numbers. Yet this morning some parents came out to support inperson learning. Already children who have not schooled since march 16th and 17 whoth need to get back in front of the eyes of our teachers. We believe it can safely be done. Reporter the white house has threatened to cut funding if schools dont fully reopen. When he says open he means open in full, kids being able to attend each and every day at their school. Reporter therefore continuing with the Distance Learning model has not been an easy decision for many School Districts. Heres the state superinten
Ol boost here. That is propelling the entire market. Gold is having another good day. In case youre counting it is not good for gold bugs, what bugs we dont keep track of what gold is doing, whether stocks are up or down gold has inexorable advance up 2 . In case youre counting, that is up 33 on the year. That is dwarfing any other particular investment. I would include in that batch all the major market averages and what is happening with bonds. Gold has glitter that defies almost all the traditional trajectories you see. Lets get a read from Jackie Deangelis following the fastmoving market developments. What is going on here . Reporter good afternoon, neil. Lets start with disney stock that is propelling the stock is higher. It is up by 325 points. There were mixed earnings reports, but what wall street is focusing on is disney plus and subscriber numbers. 100 million streaming subscriber numbers. 65 million are paid. Put it in context, disney set a goal of 60 to 90 million subscribe
It is adding fuel to the fire no one is on the same page here. It comes at a time we had the spikes in cases that might be overplayed a little bit. With more testing you will get a spike in cases. Far more worrisome what is happening abroad in beijing where they limited number about flights going in and out of the city. A number of chinese Authorities Say they have it under control. When they keep telling you they have it under control you have to say, why do you keep telling me you have it under control . All that and crosscurrents and bolton book could be weighing on markets because it seems to indicate here the president s on again, off again relationship with xi xinping might have more problems to it, especially early on. Well have a busy show next two hours. Here to kick things off, jackie deangelis. Beijing worries, confusion over reopenings here. So much more. Jackie. Reporter the theme for today is really mixed signals not just here in the United States but abroad as well. We h
Approaching Dangerous Levels in places like texas, florida and arizona with covid19 cases accelerating at a rapid pace. Health experts warn the country is running out of time to control the virus whitney wild now has the latest from washington. The numbers are shocking the United States recorded more than 50,000 coronavirus cases wednesday. The highest number of new infections tracked in a single day since the pandemic began. Federal Officials Say the spike is due to an increase in cases and not solely an increase in testing there is no question that the more testing you get the more you will uncover, but we do believe this is a real increase in cases because the percent positive a teaser going up 23 states are now pausing or changing plans to reopen economies. Arizona california, north carolina, tennessee and texas all reported new single day record highs wednesday. This is whats frustrating right now is that people arent taking it as a search everybody thinks with false hope that is