Employed. Weve gone through a lot. Covid is probably the most significant disaster in my lifetime affecting peoples lives, the tragedies that weve seen affecting our economy, affecting the federal budget. Today, there were 142 million americans employed. Reduction of 16. 6 million americans or 10. 5 . I want people to remember that 10. 5 . Over the last month or so, thereve been a number of respected economists to meet forecasts of how much our to shrink. These are folks like cbo and Federal Reserve board of governors, economists at Morgan Stanley and goldman sachs. The range of what they are predicting will shrink somewhere between 4. 6 and 8 . This is causing economic devastation. Real toll on young people and as a result of that, congress acted. We acted fast, swiftly, massively. We want to provide financial help to individuals that are unemployed all of a sudden through no fault of a their own. We want to help provide financial need to businesses to hopefully survive and rehire him
Not surprisingly tech stocks are holding up the best today. Bob is looking where we stand on earnings about halfway through the season and our tech team will get us ready for what to expect tonight josh lipton on apple julia on facebook. Bob, lets start with you. Kelly, earnings are a little bitter than expected the market is holding up pretty well because of that the big winner here remains technology stocks. Why shouldnt it just look at the Second Quarter earnings estimate. You heard of what a disaster the sec quarter is 38 for the Second Quarter this is almost the same for the Second Quarter technology will have a small decline. Thats why tech keeps winning. Look at lam research they make semiconductor equipment. The ceo said covid19 has underscore the rapid growing on reliance look at the chart up 28 good Earnings Report but straight up since the bottom in march. Telemedicine is killing it look at these numbers here 2. 8 million visits in the Second Quarter. 200 growth. They raised
Good morning. We will check your forecast and meant but first a developing story. A wildfire burning near Anderson Lake in morgan hill forced the evacuations of tension comes from it. The fire burned 100 acres with their present content. The martinez joins us with more on what cal fire is doing with the park fire. Reporter the last update was just a few minutes ago. Evacuation started after midnight for 10 homes on finley ridge road and they are still in place. The first call came in at 11 pm last night for a grass and brush fire burning on the side of anderson like. But cal fire says that it does not pose a threat to the city of morgan hill. The park fire has since burned 100 acres. 1520 homes sit in the hills. Fire crews evacuated 10 homes early this morning. Evacuation center is at Live Oak High School. Cal fire is asking people to avoid the area but do not feel that the fire is likely to travel closer to the lake or to threaten more homes. It started a long gun avenue and moving up
One Santa Clarita county supervisor is saying the Coroners Office at this point release covid19 information soon enough. Do i go back to work to try to make money and risk getting sick or do i stay home and go broke . The heated debate and the latest projections from medical experts. And a bay area Seafood Company stays afloat, tonight the owner describes his struggles and has advice. Now at 11 00 p. M. And streaming on www. Kpix. Com, the discovery about the time line of the coronavirus is raising questions in Santa Clarita county. Good evening. I am ken bastida. I am elizabeth cook. The first coronavirus deaths were in february. The earliest reported in the county and that is not all. Kpix 5s Katie Nielson reports, one county official says the coroner should have spoken up sooner. Reporter he says it the supervisors would have known it could could have changed the way the county responded to the pandemic. Santa clarita county supervisor says the medical Examiners Office knew the numb
Sick or do i stay home and go broke . The heated debate and the latest projections from medical experts. And a bay area Seafood Company stays afloat, tonight the owner describes his struggles and has advice. Now at 11 00 p. M. And streaming on www. Kpix. Com, the discovery about the time line of the coronavirus is raising questions in Santa Clarita county. Good evening. I am ken bastida. I am elizabeth cook. The first coronavirus deaths were in february. The earliest reported in the county and that is not all. Kpix 5s Katie Nielson reports, one county official says the coroner should have spoken up sooner. Reporter he says it the supervisors would have known it could could have changed the way the county responded to the pandemic. Santa clarita county supervisor says the medical Examiners Office knew the number of deaths in the county were up 20 , but never made the information public. Should give the information real time. Not after they see a trend. That is not necessarily a trend. T