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
Further into phase 2. So lets take a look at the changes here are the businesses that can reopen retail stores, including shopping malls and swap meets dinein restaurants and schools can reopen thats affected though starting on june 1st governor gavin, newsome was in napa county on monday and he listed off the new criteria that he said should allow 53 of the states 58 counties to move ahead and napa county applied for the second time to move forward saying that it meets the new criteria for opening sooner and the state has now approved it. The new types of businesses that can reopen must comply with the states requirements for disinfecting surfaces rules for face coverings and physical distancing and must be able to show customers and employees that the establishment has reduced the risk of the spread of coronavirus plus also pose some sort of sign about the new protocols at the entrance. The county that was still waiting for guidance from the state about whether summer camps can start
The new world and is stored with low economic data, wall street reversing in just the last hour, we have been down in some cases triple digits but now we have the Dow Jones Industrials just down about six points, s p down to, the nasdaq has punched into positive territory. What is this mean, market legend mohammed is about to tell you if he thinks the worst for the market has finally passed. Plus ill go oneonone with Energy Secretary, just as oil pushes back about 29 per barrel. We mentioned nascar, nascar about to drop the green flag once again this weekend, nascar president is here as engines begin to rub when nascar becomes the first major sport to get back to action since the Coronavirus Crisis began. But what will change prewe will tell you. Even the april retail spending collapse, there is one piece of clothing that saw a triple digit jump in sales, with an allstar lineup this friday on less than one hour to the closing bell, lets start the claman countdown. Liz breaking news, Ho
Officials tell the Senate Banking committee about the overall state of the financial industry, including the effect of coronavirus made bills passed by congress, and the Federal Reserves Small Business loan program. Please click the mute button. Remind senators that the fiveminute clap still applies. I expect most senators will participate today so we really need to stick to that fiveminute timeframe because we have a vote coming up at noon so i will be tapping the gavel to remind you to wrap it up and to the witnesses i ask you, even though you are asked a question at the end of the five minutes, please Pay Attention to the clock and make those answers after the time has run out prompt and efficient. Seconds i will do a tap on the gavel. The speaking order process, senator brown and i have agreed to go by seniority for this first hybrid hearing. With that, let me start out. Our federale all of predental regulators, the Federal Reserve vice chairman of supervision randal quarles,the co