Mcshane. Didnt quite get there on the s p. Were live from joe bidens hometown. Scranton, pennsylvania. Ahead of the presumptive nominees speech tonight at the Democratic National convention. I spent a lot of the day speaking to owners and Business Leaders in the area. You will hear a lot of that throughout the hour. First the top stories. Fox Team Business could have with gerri willis keeping an eye on markets blake burman at the white house as usual gerri, we start with you. What a difference in the markets and what a difference the a day makes. They are shrugging off recovery concerns. The dow powering ahead. The dow on pace to snap a threeday losing streak. It did just that. S p up three of the last four sessions. Nasdaq was the star here. You remember back in march we were under 7,000 . Closing at 11,264 to be exact. Apple, guess what, they have the two trillion dollar crown. That is new market cap for apple. Shares hitting alltime high. Unbelievable at 2,012,000,000,000. Apple is
Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number argues for congress to pass another deal to support the economy. A lot of the positive momentum we have seen in the last three months is because of fiscal stimulus. Treasury yields higher by eight basis points on the 30year. This is something that you are looking for. Thender how independent sweetener is of the next move down in washington . Subadra i think they are all closely tied to each other
Stating aess owners for help. Today they sidestepped congress and signed an executive order mandating the check. Not having any calls for anything like that. Family in this bay area and across the country are desperate for unemployment help. President called for new benefits but it may not be a done deal. It could face legal challenges. With that, good evening. The economy is one of the key things were focus on as part of our efforts to build a better bay area for all of us during this pandemic. And it has been a tough month for the unemployed the 600 weekly unemployment benefit expired on july 31st. Ppp, which has helped Small Businesses meet their pay roll expires today. Trump signed his plan after talks fell apart this past week. Reporter President Trump blaming democrats after negotiations collapsed friday. Democrats are obstructing all of it. Therefore, im taking executive action. Weve had it. And restarting Unemployment Benefits and cutting the checks to 400. And extending evicti
Building a better bay area for a safe and secure future, this is abc 7 news. Its been really hard, not having a job and not being able to provide for my son. Unemployment uncertainty for area, and across tdeerate for he congress, but now President Trump announcing his own plan for new benefits, but it may not be a done deal. Good morning, everyone. Its sunday, august 9th. Im liz kreutz. Thanks for joining us. Were breaking down where the Unemployment Benefits stand and President Trumps new executive order on evictions but first, as always, lets start with a quick look at the bay area folks with meteorologist Frances Dinglasan in for lisa argen. Good morning, frances. Good morning, liz, good morning, everyone. We have another gorgeous day in store for with us plent y of sunshine right now. Were dealing with fog thick in some spots. Heres live doppler 7 and the satellite radar image, low clouds along the coast spilling into the bay, Half Moon Bay the visibility is down to one mile becaus
But look at that, quick sunshine, 60s at the coasts, 70s and 80s. Well be back into the 70s by 7 00. Well talk whenabout a cooling d before we get back to above average temperatures. And were focused on how to bill build a better bay area and were looking at education. And Distance Learning is beginning in oakland, although students wont see much of their teachers today. Lauren martinez live in the newsroom to tell us why that is. Yeah, the new year will start with an hour of daily live interaction. There is still 23450 agreement on more than the instruction. Two main issues are the request for Small Group Instruction with substitutes used as a way to help out. And Flexible Work day schedules. I thought that last week we could come to an agreement just because what were poping, ite t reasonable and l. A. Unified came to basically an agreement that is similar to what were proposing around using substitute teachers for targeted Small Group Instruction. And the superintendent sent this le