Our Capitol Bureau reporter Ashley Zavala joins us live now to explain the difference between what will be opening up tomorrow actually. Yeah well under state guidelines retailers like toys stores Clothing Stores Sporting Good stores, flowers stores. Can all reopen only with Curbside Pickup. The days of shopping instore are still indefinitely away. This by no stretch of the imagination is over state leaders thursday released new guidelines and a checklist encouraging employee symptom in temperature checks, new training touchless Payments Systems special hours for the elderly and dozens of other recommendations allowing retailers and their supply chains to go back to work as soon as friday, we know that this is going to be a gradual move into stage 2. We are going to be able to and more businesses and sectors. As the date allows us Governor Newsoms administration acknowledging some counties and cities want to reopen at a faster pace than the state the requirements include know could tha
Unemployment numbers show 3 million more americans filed for unemployment claims pushing the number of jobless claims in america to more than 33 million during the coronavirus pandemic. Today Neiman Marcus became the latest Big Name Company to feel the impact financially from this pandemic the retail giant announced that it has now filed for chapter 11 bankruptcy. More than 4 million californians have filed for unemployment during the 7 week crisis. Perry leaders say weve still got to hit rock bottom. We see Companies Making really tough decisions to lay off workers left and everybody and neiman making really tough decisions to keep their companies afloat any that that represents is that we are not at the bottom yet you cannot people need to prepare for this to get worse. The chamber of commerce also says restarting Construction Projects was a critical step in getting people back to work in helping the economy and now theyre encouraging city leaders to do more for Small Businesses incl
New Safety Measures which include offering Curbside Pickup or delivery. They also encourage employee symptom and temperature checks, new training touch list Payment Systems and special hours for vulnerable populations. Now the current stay at home restrictions will remain in place for San Francisco, moran Alameda Santa clara contra costa counties and the city of Berkeley Sonoma county will be following the states model and reopen Retail Stores for Curbside Pickup and delivery and napa counties also announced that they will be doing the same thing. San Francisco Mayor london breed says that some businesses and the city may be able to resume with storefront pick up as soon as may 18th then should store the golden hour in San Francisco. Well among many businesses that was looking forward to reopening today, however, San Francisco county clarify on thursday that pickups will not be allowed and nonessential businesses must remain closed. Those sales because every little stale really does he
6 hours into the news, a new phase stories like Dicks Sporting Goods will be open to the public when they open the doors at around 10 oclock in the morning, however, you are not allowed to go inside to get about browsing like we did before the pandemic it will be Curbside Pickup, so you will have to know your item either call ahead or go online and then they will step out to give you your item take a look at your screen lets break down the 3 counties that did show Governor Newsom they are ready. Sonoma county. In petaluma Solano County as well as napa county. They had to meet certain criteria including nobody has died from coronavirus over the past 2 weeks. Their hospital beds. All ready to go just in case. That they have an explosion of coronavirus cases that they have 35 more capacity in case another explosion of coronavirus cases hit there, certain counties and that is one of the reasons why those particular locations are allowed to reopen in fact we just saw 2 employees walk into D
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of oil. But you can say goodbye to the gas price decline.