Good morning and thanks for joining us. Im darya folsom and breaking news, the wall street journal reports over. Is closing one of its downtown San Francisco offices and laying off about 500 people who work there. The journal reports uber ceo made the announcement in an email. This morning, 2 employees uber says its in response to the coronavirus pandemic in all 3,000 people are being laid off in this latest round in the company is going to shut down 45 offices, worldwide. Experts say that uber is cutting about a quarter of its workforce. This month. So now we know how the bay area will be affected. Other news this morning, San Francisco, san mateo and marin counties are entering phase 2 reopening their businesses today that means Retail Stores and Small Businesses doing business with Curbside Pickup napa solano and sonoma counties are already in phase 2. In the east bay alameda and Contra Costa County they are still in large part lockdown but Health Officials say theyre going to make
They can grant even though Alameda County and tesla had agreed to a re open this plant to manufacture earlier this week, theyre still great concern as you heard about worker safety in regards to cope in 19. Among the protesters outside teslas headquarters saturday afternoon a tesla employee i have to say very disappointed in the leadership. Very disappointing in a mosque. Putting profits over the health of his workers Carlos Gabriel is a Production Associate at the fremont plant hes concerned about a covid19 outbreak in the facility that employs 10,000 people who commute as far as a 100 miles away. I worry for my i dont think this is an area where this was ca cannot be contracted out to be contained within this. This factory members of the Workers Solidarity Action Network gathered outside teslas factory to voice their concerns about employees returning to work. During shelterinplace orders after tensions between ceo elon musk and Alameda County, the 2 sides worked out a deal to reopen
More today and tonight into tomorrow, heres a shot of the radar to see where we stand the heaviest rain bands pretty much go from a line of richmond down the peninsula. And then another patch down there to the south bay as well from a say up to eastern Contra Costa County all the way down to the south bay now the flow pattern will show you whats coming from the southwest moving to the northeast. Losing a little bit of intensity. But it looks like theyll be a regeneration happening later on in the Santa Cruz Mountains particularly in the south there police favoring that area. Now the shot is as youre going to see all this morning for the brit shots and such a lot of fog to deal with that nears alcatraz in the foreground barely detectable and off in the background you can see San Francisco which see San Francisco and also the bay bridge to our temperatures are very mild right now were in the lower to even middle 60s off to any are there upper 50s meanwhile up to the north bay and down so
Now those. Cars are. Max guys and this is the guys report occasionally need to reset everything needs to be reset or waiting for a global reset and even in financial reset we just need to. Reset. Well lets reset this episode of kaiser report. Started again now were actually going to start here again this is a new york city where a kaiser reports we have been here for a few days and i do i do want to say that despite many of the headlines talking about oh possibly on the edge of a recession i see this over and over on twitter many headlines from the Financial News from all sorts of commentators saying that were on the verge of a recession and certainly you could say that perhaps germany and europe might be but if youre Walking Around manhattan and in times square area or bryant park what youll notice is that there is a huge amount of shopping here and a lot of i mean its way more than last year for example it seems like more boom time right now and consumers spending more money that the
A great place to spend your money but the millionaire class in the billionaire class has been exploding to the upside and theyve got a lot of dosh even there we were saying at this hotel near bryant park and just an ordinary hotel with an ordinary room it was a 1000. 00 a night on a saturday night so it was that full manhattan is that full right now so there has been q. 1091. 00 of the things we covered at that time extensively was the greek financial crisis because here we saw the troika enter and impose mass austerity measures and they still by the way have austerity measures out until the i can see that they have to run a primary surplus for example of 3 percent of g. D. P. Which is on heard of in almost all nations theyre maintaining that at the moment but heres a story that is remarkable in light of the fact that consumers are shopping like crazy racking up debt like crazy. Like they actually have jobs that are paying them great incomes heres the same post financial crash from gre