It is extending its emergency Lending Program. Twoday meeting coming to a close today and fiery hearing on capitol hill between william barr and democrats. The hearing appeared to have more questions than answers at least that were allowed. Ag had a question of its own, how long will we let cities burn. Federal agents pulling out of seattle now. Other cities following on spike of violence. Gulleny giuliani this morning. Its all here right coming up. Markses this morning meanwhile look at this, fractional moves as stimulus uncertainty and economic hit companies are taking due to coronavirus, few losses on wall street yesterday, s p 500 up 7. Plus stores using facial recognition, what you need to know about information being gathered from your image. Mornings with maria is live right now. Global markets this morning are mixed, take a look at european indices with ftse 100 up 20 points, dax index lower by 15 points in germany. In asia overnight markets mostly higher, take a look, coronavi
Music ktvu fox 2 news at 5 00 starts now. These are cuts that can be triggered and eliminated with the stroke of a pen. California is facing a major deficit. Governor newsom said that they need federal relief to avoid making huge cuts to the federal budget. The governor worked out a plan if the federal funding does not come through. A good evening everyone i am Frank Somerville and i am julie haener. Today the governor announced some painful cuts to the budget. The changes will affect all parts of the government. Heres more on that story from andre senior. Just months ago the state of california had a 21 billion surplus. Now that money has been wiped out because of the pandemic. Today the governor is announcing new plans. The cuts will run deep. The state was in strong fiscal health. After unveiling the billion dollar budget Governor Newsom announced that he will have to 19 billion from the budget in response to a stalled economy linked to covid19 stayathome orders. But the current Bud
N 95 masks and ventilators but he says his warnings were dismissed lives are endangered and i believe lives were lost in and not only that we were forced to. Procure these supplies from other countries without the right quality standards last month bright was abruptly removed from his position we have the worlds greatest scientist let us lead. Let us speak without fear of retribution for as it trump dismissive breaks testimony, i dont know. I get still bright has a dire prediction. The covid19 pandemic will get worse of the United States ds not develop a National Testing strategy and put in place a plan to distribute a vaccine time is running out because the virus is still spreading everywhere Camila Bernal kron 4 news. Senator richard burr is stepping down as the chairman of the Senate Intelligence committee as the fbi investigates stocks trains that he made back in february. Burr has been criticized for selling up to one million in stocks. After he and other lawmakers were first brie
And ordinary budget presentation governor Gavin Newsome thursday presented his proposed version of the state budget axing 19 billion from his original spending plan in january as the states economy struggles amid the coronavirus newsome anticipating unemployment could peak at 24. 5 in california with a 22 drop in overall state revenue the billion budget keep some programs like boost the minimum wage and maintaining the states earned income tax credit for working families along with continued commitments to health and Public Safety but the governor prepared to throw out 6. 1 billion in Program Expansions and new proposals including extending state Health Insurance to undocumented seniors. The governor also proposing to cut state worker pay by 10 including Health Care Workers and Public Safety personnel. His own salary also included you will hear of cuts that. Not make none of us crowd. But the values nonetheless we are holding on to for now new some plans to use 16 billion from californ
Million stimulus package. Heres more on that from greg lee. Reporter the democratic controlled house is scheduled to vote on the heroes act tomorrow. Republicans said it is dead in the water. While announcing major cuts, Governor Newsom called on President Donald Trump and the federal government to close the gap. The president of the United States with the stroke of a pen could provide support for the new heroes act. These cuts would be illuminated. Reporter House Speaker nancy pelosi release the new bill for 3 trillion. The four previous bills were bipartisan. We hope this one will be too. Reporter Senate Majority leader Mitch Mcconnell said it was a liberal wish list. We have spent enough money to prop up this economy forever. It is garbage. Reporter there was pushback from progresses, democrats criticized Senate Majority leader Mitch Mcconnell. Hunger does not take a pause, not been able to pay the rent, the hardship of it all. Reporter Governor Newsom double down on the call to hel