Its not enough to pay the bills. This entire business sector is about to collapse co owner of next 3 fitness in San Franciscos castro neighborhood describes the grim future of small Fitness Centers in the city gave character is also a member of the San Francisco independent Fitness Studio coalition, a group of 60 small neighborhood Fitness Studios representing almost 700 employees just in the last 2 weeks character says the closures already started for 6 of the groups chance we anticipate many more on the horizon i was talking to a gym. Just the other day one of the bigger gyms and they have right now a quarter of a Million Dollars worth of debt. We have 20,000 worth of debt right now character says the gyms down 80 of its typical revenue prepandemic and that includes the sales from their recently opened a supervised sidewalk work out. Were 2 people can work out at a time for 55 minutes with deep cleans and in between its a bandaid to let us work out outside. But for so many businesses
The bloomberg. Back to school. Boris johnson appeals to parents to send children back to class even as a resurgence in the virus in europe hits hard. Saysu trade commissioner he is profoundly sorry for attending a golf dinner in the midst of the pandemic. Of as push higher on hopes thaw in u. S. China trade relations area and markets turn their attention to this weeks virtual jackson hole and the fed fighting crisis measures. Trump and powell both on thursday. More than 100,000 people protest against the fellow russian president in rainy minsk the belarusian president in rainy minsk. We are just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures this morning. We have some decent green a percentre than half gains across the indexes. One of the reasons is optimism that the u. S. And china are going to get along a little bit better amid reports administration is telling Tech Companies they can keep working with tencent. Take
Central valley like high temperatures is what will experience there up to the up to northern Solano County so temperatures today right now were in the 60s mild a pleasant weve got 50s up here the north bay 56 San Francisco in 62 for san jose for comparison sake actually this morning most of the bay areas a little cooler than it was this time from yesterday. Whats going on for today is we have a little bit of interference from some tropical leftover moisture as a result of that that is kind of lane the warmup we have were keeping it basically sunny to mostly sunny, tossing about a few clouds in their Late Afternoon but look at that at 96 already at 1 oclock still building. And well have some clouds overnight into tomorrow morning and after all that said and done how goes back to the warmup face when put this all together for you coming up in a bit robin sounds good. Thank you dave. Now to another story that were following for you this morning. Governor newsom says california may be turn
Close to this map here in the excessive heat watch we expect to become warning officially going into Effect Tomorrow because were going to negotiate through some clouds late today tonight and tomorrow morning. There you see the coverage over the east bay hills santa clara, bally included in this and Solano County and that is well those temperatures easily mid 90s onward to the first decade of 100 it looks like one 05 very possible with that lets break it down for you here with the sunrise over the east bay hills 90 to a 12 by 3 99. Calling a partly cloudy theres some of that tropical stuff i was mentioning thats going to be thrown into our skies warm corporate that in the forecast coming up in a bit robin. Thank you dave announced another big story that were following for you this morning. Governor newsom says california may be turning a corner in its fight against the coronavirus but he says that that progress could disappear if people do not remain vigilant. Lets check in with kron f
Entire party further to the left . To get a sense of that, we welcome someone with vast experience on wall street as well as in washington, he is Ralph Schlosstein, cochairman and coceo of evercore. Great to have you with us as always. Youve described yourself as a fiscal conservative but a social liberal. Side, fiscal conservative are you concerned joe biden is tacking to the left to make sure he keeps the bernie brose with him . Ralph not really. If you look at Vice President bidens record in the senate and when he was Vice President to squarely obama, he is in the left center of the Democratic Party, the center of the Democratic Party. E is a procapitalist his selection of Kamala Harris as a Vice President , who while i also believe is procapitalism, sets of course which i believe is a right course for the country. Commitment to private enterprise , but also a more balanced distribution of wealth and access to health care and education as more of a right in our society than a privil