Today about a labor picture. And the shift from a pandemic and furloughed over to a real question about job layoffs. Francine yeah. I think this is the time. In the u. K. , we had the many budget yesterday that gives a little more support to workers. If you look at most of the furlough schemes in the u. K. And what is happening in the u. S. , you can assume some of the money would run out by the end of the summer. This is the exact time to look at the permanent shift to the labor economy and what did come in two to three years. Tom we have a terrific our for you. We will talk to our guest about mr. Buffett, mergers, and acquisitions. We acquired the first word news in new york city. Ritika joe biden will call for a moderate approach toward reviving the u. S. Economy today. In his speech in pennsylvania, the democratic nominee will stay away from more ambitious proposals pushed by progressives. He plans covers several areas including a push to buy american and incentivize american jobs.
Are in the eastern or central. Ime zones, 202 7488000 if youre in the mountain or pacific time zones, 202 7488001. Send us a text. 202 7488003 is that number. A very good wednesday morning. You can start calling you now as we show you part of President Trumps speech yesterday in phoenix, arizona, highlighting his administrations response to the coronavirus pandemic. [video clip] we do all of these tests and we find pockets and we find people we find cases and they say that cases have jumped instead of saying what a job we are doing with testing. We did the job with testing and we did ventilators and we came up with tests. We have 70 different types of tests. It is a lot of tests. Other countries that have done very well with testing, they call us, and they say nobody has been able to do the job you have done. The l. A. Ones who cannot say that are the Fake News Media people the only ones who cannot say that are the Fake News Media people. [booing] someday it will be recognized by histo
And Andrew Ross Sorkin well start with the markets this morning as the nasdaq logged another record high nasdaq now on an eightday win streak the longest since december last year watching u. S. Equity futures today. There is a pull back the dow is indicated down 265 appointments s p off by 28 and nasdaq down by 50 the nasdaq has seen its best quarter since 1999 and the dow the best since 1987. Check out the s p, for this quarter, s p is up for its best returns it has seen since 1975 looking at the treasury yields this morning youll see the 10year note yielding 0. 7005. That is kind of our comfort zone pretty comfortable if you need to borrow money for sure. The u. S. Is weighing some new tariffs on experts in this case from france, germany, spain and uk related to the 15year old wto fight over aircraft subsidies. Saying the eu is guilty of unfair subsidies to airbus the u. S. Has been accused of unfair subsidies to boeing, negotiations have been at a stalemate. Andrew thank you, joe in
Limit na eliminated. I dont think that the police have any place in schools. This sist they believe it time for change. Whats been doing on, has not worked. So what do we have to lose to try something different. Reporter many said they dont want officers in schools. The Police Officer said they respond to 1,000 calls to oakland schools per semester. 300 of which are serious and would fall on Oakland Police to respond. And the school has to focus on the other calls that are not as serious. Its making sure that the 700 that can be handled above the administrative staff dont fall in to the 300. Reporter the teachers say the pressure has been on them, so doing away with the department would not be a big deal. They said they are the ones that can deescalate the toughest of situations. When you know students and you call them by name, they stop fighting. Police never get in time for a school teacher. That is on me as a teacher. Reporter the school board will vote on the measure on wednesday,
Camera. Heres a look at your planner for today. 56 to 60 and about the same as it was yesterday. 60 at the coast and maybe a touch more sunshine than yesterday. Sunny bay and inland and temperatures already pretty warm there and 83 to 91. Summer warmth away from the coast this afternoon. 76 to 82 with sunshine at 7 00. Well take a look at how long it will stay this warm. Back to reggie for the news. A lot of reaction from Silicon Valley after the president is going to ban visas. Silicon valley depend on those visas for their workforce. Amy hollyfield is live in san mateo. He ss hisny uses the mpany says visa program to hire scientists and engineers and says if Silicon Valley cant hire, it will get left behind. President trump temporarily ban Foreign Workers in an attempt to make more Jobs Available for americans. But Silicon Valley leaders say this will undermine the tech industry. Foreignborn workers make up 60 of all tech workers in Silicon Valley. So, this represents a very serious