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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 exec ....
Jobless claims news, over last nine weeks, over 40 million americans applied for first time jobless benefits this is expected to be about the worst of it. We might see an unemployment report tipping 20 or so. That could be the worst of it or at least that is the hope. Lets getted read from Jackie Deangelis following what is happening on the virus, following what is happening on the markets putting it all together. Hey, jackie. Reporter neil, with respect to a bumpy ride the markets are a little confused today. Down 50 points, this is smaller bump than weve seen in the past which is definitely a good thing. The big question has always been as states start to reopen, are we going to see a spike in cases . That was always the fear, the argument against reopening. Here is what we know, global cases topping five million but that doesnt really tell the whole story. Testing has become more readily available. More people being tested. I ....
Its just now reinforced by state law or state code. The threepart test is broken down here. The worker is free from company control. And the second is that any person that is performing work that is outside of the usual course of the hiring entity. And the third part is that the person is putting themselves out in a market and offering their services to other than to the hiring entity that they test, like, do they advertise for their services. And do they are they truly an independent business and are they more directly an employee of that company. So workers are considered to be employees unless they fail this test. And unless all of these conditions apply. And put a caveat there that as a. B. 5 was working towards the Legislature Many exemptions were added to the bill. Gig workers were explicitly not exempted and as we said explicitly many times unless theyre targeting this particular sector. So that brings us to enforcement w ....
State law or state code. The threepart test is broken down here. The worker is free from company control. And the second is that any person that is performing work that is outside of the usual course of the hiring entity. And the third part is that the person is putting themselves out in a market and offering their services to other than to the hiring entity that they test, like, do they advertise for their services. And do they are they truly an independent business and are they more directly an employee of that company. So workers are considered to be employees unless they fail this test. And unless all of these conditions apply. And put a caveat there that as a. B. 5 was working towards the Legislature Many exemptions were added to the bill. Gig workers were explicitly not exempted and as we said explicitly many times unless theyre targeting this particular sector. So that brings us to enforcement which is a little bit less c ....
Lately. Well, we have. But now you may soon be wearing them. Yeah. It is friday, it is september 20th. Fbn a. M. Starts right now. Rise up this morning. With the rising sun. Three little birds. Are by my doorstep. Singing sweet songs. Of melodies pure and true. Saying this is my message to you. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren one of my favorite songs. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving. Weve got green a arrows this morning, dow up 33, s p up 3 and a quarter, nasdaq up 15 andahalf. All eyes on lower level chough trade talks in washington. Lauren within striking distance of record highs for the dow and s p 500. Cheryl tensions with iran and catastrophic flooding in Southeast Texas, two things oil traders will be watching today. Were higher on the contract. Last read, 58, 50. Lauren in asia, the china trade talks continue. The shanghai composite h ....