Power lunch starts right now. Welcome to power lunch. Hi, everyone. In today for kelly evans. It has been a long road back, but the s p 500 right now is near those record highs from february. About 1. 5 away. But as the nasdaq lags the browder market, check out some of the cloud names under pressure. Cloudflare, dropbox, zoom, and docusign. And you can see these moves playing out the industrial sector slee sector is leading the way as is energy. Tyler. President trump signing a number of executive orders over the weekend to expand relief efforts amid the coronavirus pandemic. As congress failed to get a deal done. Steve liesman looks as what the impact of these executive orders could be. The president s orders over the weekend getting mixed reviews today from economists. In just the past hour, jp more conpublished a report saying, quote, the executive orders could reduce the urgency for congress and the white house could get a more comprehensive deal done. If this is all we get for a f
Kron 4 Sarah Stinson live at the long haul at the hospital now she explains why they walked out sarah. Martin thats right. Im live here at the santa rosa Memorial Hospital or caregivers are out here on strike trying to be as safe as possible, but also fighting for change. In the contract that theyve been negotiating with the hospital for over a year now take a look at this you can see there on that side of the street a little more distance and they go all the way down the street along the hospital the Health Care Workers here are people of all kinds imaging technicians. And susie all just people working alongside nurses and doctors to care for people during a pandemic they have been in contract, they said for every year but have not come to a conclusion to sign that contract. Hospital workers say even though coronavirus numbers have been surging in Sonoma County the last 2 weeks they still dont have enough ppe theyre not being given to these types of Health Care Workers, youre looking
Jes staley says lets get back to the office. Morei think the banks are of a pressing concern, absolute critical. If you think about the advantage that sector needs to make, the changes in diversity, in terms of gender and race, Corporate Culture really important in a bank as well when dealing with risk. All of these things, i can understand why he wants to bring people back into the office. I suspect it is going to be a little more flexible bringing everybody back to the 9to5. Tom Credit Suisse flexible as well. Francine lacqua in zurich. We will get her in the hour. With our first word news in new york city, here is ritika gupta. Ritika negotiations resumed saturday on a compromise Coronavirus Relief plan. Areblicans and democrats nowhere close to an agreement, under pressure because of people losing Unemployment Insurance this week. A stopgap measure would extend those benefits. Federal reserve chairman Jerome Powell calls it the most severe economic downturn in our lifetime. Powell
Twitter Ceo Jack Dorsey and agreed 10 million to give every single child in oakland access to a laptop. It internet their homes closing the Digital Divide. Dorseys generous donation came in the day after mayor libby shaft and the Oakland Unified School district put out a call for help closing the Digital Divide for oakland students who are now engaged in Distance Learning at home but schools being closed due to the covid19 pandemic students like Skyline High School junior Jessica Ramos says this is a really big deal. So i love tom is actually the. Its so real its so unreal because just having a laptop and so its just like the world because it is not going to the world not in the news didnt earn air not bring up all the top 2 nitties i didnt have a computer until starts right computers. My internet was unstable because my parents couldnt afford it. She says those circumstances are common among her classmates so most of my friends are from bp stoker him and now many of my friends have wi
You can be seated at the witness table. I want to introduce mr. Mike bowen. Mr. Bowen is the executive vice ameritech,f prestige which is americas largest medical surgical mask maker. Your story is a very powerful one. To my colleagues, mr. Bowen has wins i think, really he an award for tenacity, because over three president ial administrations, he has been banging on the door warning, asking for, pointing out the america has a dangerous dependence on Foreign Countries for products that we need here at home. So this is very important testimony and we welcome you. We thank you for traveling to be with us today with all the extenuating circumstances to travel. We are very grateful to you. So you are not recognized for your statement now recognized for your statement. And then you will hear from the members. I am sure both your statement will provoke questions and that you will get good ones from both sides of the aisle. I should add something here, and that is, this issue of our terrible