Employees who have been out of work now for months. The Second Quarter Gross Domestic Product plummeted 32. 9 between april and june. Thats almost a full third and its the sharpest decline we have seen in u. S. History. The drop in gdp is nearly 4 times worse than it was at the peak of the financial crisis in the Fourth Quarter of 2008 the previous record was 10 in the First Quarter of 1958. Turning over to the stock market and see how stocks are reacting to this dire news. The dow jones is down by almost 200 points, just a little bit more than that right now. S p is suffering a loss of not quite one half of 1 . The nasdaq is the only right spot if you count the addition of 52 points. Nasdaq is up by one half of 1 . You can see stocks mostly regained their footing after a very steep drop at the opening bell and after we got that labor news. Californias jobless claims were down last week despite a nationwide increase. Our state reported 249,000 workers filed firsttime claims during the
Days. Thank you very much. I appreciate that. Its good to be back. It definitely feels good to get time away. Everybody needs that in the temperatures will bump up, santa rosa 52, they made it to 50, oakland 59, 58 livermore. Averages 67 and 54, not bad. 90 the record high in 1985, in the temperatures will take the biggest jump. It does retreat and head down the coast. Temperatures near average, near the coast, a bit above around the bay and 90s for the interior with san jose 86. Over to south see if anything is new. At 7 01. Nothing new. We do have traffic that is doing very well. Theres a bit of slow at the bay bridge. We will start off with highway 24, westbound, as you drive over to the tunnel it looks nice. They have been no major issues, the Richmond Bridge is slowing, and theres not that much, about 18 minute drive from the core tenets bridge to the macarthur maze, at the bay bridge we have a 10 minute delay,. Indoor dining and wine tasting rooms will be closed in napa county. T
Big cities. The cost of living is soaring in concord, and renters are pleading for help before they get priced out. The median price for rent has shot up 62 in concord in just the past decade. Spoke with some renters who rallied today, asking the city to give them a break. Tenants power. Reporter and nearly 50 people flooded Concord City Hall on thursday for a rally calling for more tenant protections in the city. Who city . Our city reporter one of the people spied in the crowd is kristi laughlin, who works for the Nonprofit Organization the east bay alliance for sustainable economy. She says they are here to fight for housing justice in concord. Is actually a rally in support of lowering the rent and stopping unjust evictions in concord. Reporter the rally consisted of several speakers sharing concerns and personal struggles regarding the increase in rent prices. Recently, an analysis came out of some of the ownership in concord. It actually showed that 66 of the properties are owned
Son was a good kid and leaving behind a very young family. There is always the price to pay for someone who did a terrible thing like whoever did this. You will reap what you sow one day. You will not have anything good out of this. You took my son away from his two children. Not a lot of information be released. Police have not released any identifying identification in regards to the victim. S no information on the suspect. They do ask if you have any information to please contact them. Raleigh police say there were no serious injuries after this accident just inside the belt line tonight. You can see the car flipped over and this was right at the 440 bridge around 7 30. Traffic was backed up about an hour. Tonight, Raleigh Police continue to insist there was no inside the crabtree mall last saturday. The f dia is now investigating the mystery sound that sent thousands running away and also released 300 911 calls from the chaos. Cbs North Carolina has listened to all of them. Michael
A major traffic jam for miles. We rerouted all the way around to get under the overpass but slowly but surely the tractor trailers are moving on the i 26 westbound and a little later on they opened up eastbound. The tractortrailer right there and the other trailers are passing by slowly. Crews seem to have it contained, but for now traffic will be moving slowly but surely. Until then, sending it back to you. Before you leave, you have any idea what led up to the accident and was the driver of the tractortrailer hurt . As of right now, we do not know. I spoke to a couple of officers a lot of these officers are here to help contain traffic. We will keep you updated. The Chester County one person was killed and another her today after a hitandrun on i 77. It happened about 20 miles south of raquel between the richburg and grateful exits. Troopers say a 2000 Ford Explorer and a tractortrailer were traveling north when the truck hit the ford in the rear flipped it killing the passenger in t