0. 719 andrew and we have numbers to bring you this morning from United Health group just out with its quarterly numbers. Reporting Quarterly Earnings of 3. 51 per share. It beat the consensus estimate of 3. 09 revenue also above forecasts, saying that medical care trends that had been disrupted by the pandemic are moving closer to normal you are looking at that stock up just marginally this morning and we have three more financials, bank of america this hour, Goldman Sachs in the 7 00 hour and then wells fargo in the 8 00 hour. Joe. Thankthanks, andrew. Another Clinical Trial halted over safety concerns, eli lilly late stage trial has been paused by u. S. Health regulation tors it used a Health Sample from one the first patients recovered from coronavirus ill given you more details. Because it leaves out something important. Of the trials ongoing of the antibody, they decided to add remdesivir along with the antibody and that is when they had to halt the trial for some kind of safety
So hard for us model. A role model for all of us. She was our our beacon for womens rights. And while the political world wrestles with what this means for the november election americans are remembering the real life implant impact of Justice Ginsburg had on all of our lives. And at a time when businesses across the bay area are struggling program there in oakland steps up to a lot of businesses with a little release. Youre watching kron 4 morning news at 7. Good morning. Everybody, thank you so much for joining us on the kron 4 morning news on this saturday, September Martin gonzalez. Well have a lot more on all of those stories in just a moment, but we want to start with a check of the forecast from days foreign dave. After the Welcome Break of a couple of days, were back to a spare the air alert for the bay area. Yeah, good morning morning, good morning, everybody and its not total though, but it does cover good chunk of the bay area. We have some fog actually interesting enough, b
Thousands of families in sonoma are being told covid will keep students out of the classroom until the end of the new year, or until this new year. Summer actually pushing back. We have the frustration being felt by so many. Reporter following Public Health directives, Santa Rosa School board has voted unanimously to stick with distancelearning through december. That brought a boisterous response. No more zoom no more zoom reporter masks couldnt muffle their discontent. Dozens of parents, students and teachers mind santa rosas old Courthouse Square to say no to zoom school. We need to get these kids back in the classroom. What started off as a 2 to 3 week shutdown has turned into six months. These kids are really suffering. Reporter critics note Sonoma County has about a half million residents and 114 covid death. These families say in person instructioshybrid is a great wa start. You have half the kids go in monday, tuesday, sanitize wednesday and the other kids go in thursday, friday
Mallicoat joins us to take a look and take a deeper dive into the numbers. The numbers are very strong. Nearly 2 as you mentioned. Unemployment went from 13. 2 in july and it dropped 11. 4 in the month of august. California added nearly 100 2000 jobs as well. Of course, all welcome news for what is the 5th largest economy in the world. California near the nation. The u. S. Unemployment rate dropped 1. 8 that month. Now at 8. 4 overall. Californias dropped. The numbers can be former edd director and labor attorney Michael Birbeck says california still has a lot of work today. Todays numbers are really not consistent with all the other Economic Indicators we are seeing. In terms of the new yesterday. California was way above those of the National Rate in terms of consumer spending. Way down in the bay area compared to other parts of the nation. In terms of job postings, here in california, way below what we had in january and below the other parts of the nation. He points to urban areas
I will tell you about some of the stocks benefiting from all of this. Well revisit iposs that were launched in great fanfare last week. How they are holding up today. Well be monitoring what make as bear Market Correction as you know. Many market averages themselves are at or close to corrections from highs. Some of them reached a little more than a few weeks ago. So as stuart was pointing out some perspective is in order here. A lot of this has to do with, well a lot of things. Not only renewed spike in cases were seeing in the likes of the United Kingdom and france. In fact the uk theyre revisiting another possibility of another lockdown. That is what is going on in israel, they are in their second lockdown and theyre not very happy about it. Then we have cases here. Four states in the United States that have 15,000 or more deaths recorded. California joining the likes of new york and new jersey and texas. So were monitoring that. But the numbers here are actually stablizing even as