Governor newsom today. Record job losses. A massive state deficit to the tune of 54 billion. To bridge that gap, the governor posing billions of dollars of cuts for the next fiscal year. Heres the governor proposal, 203 billion, it represents a 5 decrease in spending from this year. Governor newsom is asking the legislature to approve 6 billion in cuts, so where does that money come from . State Union Workers could see a 10 pay cut. Some Health Care Coverage under medical like dental care could go. K12 and Community College budgeting will be dropped and the uc and cal state systems could see a 10 cut. Even with the proposals, the governor says protecting Public Education is a top priority. Rond handa shows us at robert handa shows us at least one School District is not sold on the Governors School protection plan. Reporter the governors message did seem to get optimistic for Public Education but here in this School District the superintendent did not share that optimism. The allen rock
Servants, representatives karen bass of california. Representative Joaquin Castro from san antonio, who is the of the caucus, and has been very involved in immigration. Osby, from the university of San Francisco, he head ofident obamas the program in president obamas first term. , that2, he was my partner began, ironically, and china, was we talked about what becoming an epidemic unaddressed, as well as the traditional all of those years ago. Think are in a real strong position to answer ratio of about the economic disparities in this other countries across the globe. With dr. Ike to begin gosby. The obviousk question why do we have Racial Disparity both in the infection rate and the death rate of the coronavirus in the United States . Dr. Gosby well, thank you, mr. President. It is a real pleasure and honor to have an opportunity to speak to this issue. Correct in are convening this discussion. I think that what we, unfortunately, continue to see is an uncovering of the disparities in
Brad wenthrup. Your reaction to this seemingly good news. We are not out of the woods, but it seems like its good news. You want to see the numbers go down. The goal all along was to beat the models. You saw the models happen in other countries where it went right up, very high. We were trying to stay under that and keep our Healthcare System in check and not overrun. This is good news because thats what we have been after all along. Starting to see the trend go down. Liz will be do you think the United States has answered the wakeup call . You saw the warnings about pandemic. Now the president is saying one of the toughest decisions of his life is reopening the country possibly on may. Americans may wake up to a brandnew world of having to wear masks, and maybe tests for coronavirus. New apps on their iphones and phones to track them if they are near somebody who has coronavirus. Do you think congress has answered the wakeup call that has been ringing for years. We are in an able of a
Of that will be technical selling. The bond market is a little bit unusual not so much happening in yields here, but in europe you are seeing pretty strong support. The time now for the market moving news from our new york team. We want to begin with china and that historic economic slump. Ae first contraction in backdated. We have our correspondent with all of the details. Mike it was actually worse than you expected, 6. 8 decline, the worst since they started reporting quarterly in china back in 1992. The economy has not contracted the fullyear basis since 1970s. We will watch that. One reason the numbers were not worse, if you look at the second number, smaller than expected, Industrial Production of on. 1 , factories returning to work. The problem for them is with the rest of the world unlock and there is nobody to buy their stuff. Consumers are not buying. Lockdowns were lifted but people are still reluctant to go out and spend. Retail sales down 15. 8 this is important because th
Brad wenthrup. Your reaction to this seemingly good news. We are not out of the woods, but it seems like its good news. You want to see the numbers go down. The goal all along was to beat the models. You saw the models happen in other countries where it went right up, very high. We were trying to stay under that and keep our Healthcare System in check and not overrun. This is good news because thats what we have been after all along. Starting to see the trend go down. Liz will be do you think the United States has answered the wakeup call . You saw the warnings about pandemic. Now the president is saying one of the toughest decisions of his life is reopening the country possibly on may. Americans may wake up to a brandnew world of having to wear masks, and maybe tests for coronavirus. New apps on their iphones and phones to track them if they are near somebody who has coronavirus. Do you think congress has answered the wakeup call that has been ringing for years. We are in an able of a