Extremely hard. Just a little bit of recap over the last few weeks, the city and the mayor have deferred some of the Business Registration fees. And they deferred them until september. That adds up to about 49 million in cash flow to the city of San Francisco. Several fees that apply to storefront businesses have also been deferred until september, helping to preserve another 14 million in cash flow. I want to be very clear that the mayor is clear about this, we are going to be looking at a significant deficit in the city of San Francisco, the bay area, the state of california, and so were talking about a Million Dollars out from the city that we wont have in revenue. We will have to all pitch in. Well all have to figure out how we save and go back to San Francisco in an even better way. If we want to Start Talking about recovery tomorrow, weve got to start planning it today. Im happy and delighted to tell you that the Recovery Task force kicked off last friday. It is about an 80person
Down up by 89 points. Nasdaq was down and s p in the red 1 and a half. Oil prices are down this morning, take a look at 16. 32. Treasury is considering a Lending Program for struggling Oil Companies. We have the story coming up. Treasury secretary Steven Mnuchin is asking for equity stake that take coronavirus aid as Big Companies give back money aimed for Small Business. Mornings with maria live right now. Maria Global Markets this morning are lower. Take a look at european indices across the board. Cac quarante down 36 and dax index lower by 94. Retail Sales Numbers out in the uk looking at the largest decline on record. Down 5. 1 in the uk. In ash overnight red across the board remdesivir failed chinese Clinical Trial. A lot of hope around the drug and it continues to be. Shanghai composite down better than 1 . The white house now saying that the coronavirus pandemic could be behind us by memorial day. Dr. Deborah birx pointing to downward cases week by week. If we continue to mitig
And russia seeing sharp rises in their cases brazil topped 127000. 00 infections leading to an even gloomier outlook for the 2nd largest economy in the western hemisphere this as analysts at Capital Economics have predicted at least a 10 percent decline in the nations quarterly growth this due to the outbreak while russia still seeing a surge in cases with most of its capital and largest city moscow the virus lock down combined with the global drop in oil prices well theyve contracted russian economy activity by one 3rd according to the countrys federal tax service chief meanwhile the us still the global epicenter of the disease the us unemployment numbers are still growing the last week another 3200000 people filed for jobless claims bringing the 7 week total to 33500000 this while President Trump has renewed his calls for the Supreme Court to strike down the countrys Affordable Care act also known as obamacare this is a move criticized even by his own general attorney or attorney gen
Whose career has been marked by steadfast determination to expand Health Care Coverage for all members of the american continues to be a champion for the least, the last, and the lost who are part of the grip of this pandemic, madam speaker. The speaker pro tempore the honorable speaker of the house is recognized for one minute. The speaker i thank the entleman for yielding and i thank him for managing this important legislation on the floor of the house. Also commend him for the work that he did in the previous had. Lation that weve as has been acknowledged, this is the fourth bipartisan bill brought to the floor to address the coronavirus pandemic. This is a very important piece of legislation. To the floor with such heartache, with such sorrow bout those who have lost their lives and their loved ones, those who are suffering from the virus assault now and for those ho are in doubt about their economic situation. Its about the lives and the ivelihood of the American People. Thats wha
More testing and three to discuss the need for more assistance to the states. Murphy telling the president at one point in this, quote, we have been crushed as a state. So neil, i will send it back to you. Because well get the tape. One other thing i was told i want to get in real quickly, i was told the white house as it relates to more relief down the line potentially for states, the white house essentially is on hold, a pause, they are surveying the landscape what potentially could comb next. White house Officials Say a decision on next step measures not expected this week. They still say a lot of these programs still havent fleshed out all the funds. Murphy going to the white house to talk about the need for state funding. Nancy pelosi put the figure at 500 billion. Im told it will be several more days until the white house officially plots out its next step. Neil . Neil all right. Blake, thank you my friend. We do know governor murphy is already looking at reopening state parks th