Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also have a blog my colleague and i have a black about what this means for cities and each industrys mix and, of course
We will be remembering lewis, who spent decades in congress with reports from lee could you wan and others. And then we turn to the future. Even as the nation debates how to safely reopen its schools, an equally baffling issue faces employers what it will take to game guarantee that a day at the office will be safe for every returning worker . A question john black stone will tackle in our cover story. The office, as we have come to know it in recent years is one of those things that the pandemic may have changed forever. Is it time to say rest in peace, the open office plan . The open office is over. It was already over for a lot of reasons. It was too noisy and you couldnt concentrate and it was well on the way out of the door. A new office with a new normal ahead on sunday morning. Pauley choir directors havent been able to say altogether now, at least in person, to their singers for months, which has not stopped the maestro david probe. We will introduce him. These days choirs cant
Political revenge. The Justice Department tries to oust the u. S. Attorney investigating President Trumps allies and his lawyer rudolph giuliani. He says hes not leaving. And the future of firefighting. With three dozen wildfires burning in nine states, well take to the air to look at the newest weapon in the arsenal in battles like this. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. Its a rule to wear masks, i will wear a mask guaranteed. I will wear a mask. However, if its an option, i will definitely not wear a mask. Oklahomas Supreme Court rejected a request to require that everyone attending President Trumps rally wear a face covering. What will be the largest gathering in the u. S. Since the pandemic. Theres a good chance people may walk in uninfected and walk out infected. Everyone is keeping their distance. I feel safe. Reporter the World Health Organization warning of a new and dangerous phase of the covid19 pandemic in the u. S. The
Positivity rate. Yesterday we were at 5. 1. We went from a yellow to what were now what i think of as a high orange. If that continues over the next couple days, we could be in a red, in our red zone. It would be the most concerning zone. Live in San Francisco, lyane, said the numbers looked good. What changed in the last 24 hours . Reporter Health Officials say what changed was that dramatic increase. The change in the numbers. They are very concerned. They say these numbers can multiple very quickly. We were as surprised as you are when we heard the mayor say, lets pause. It was made to honor 99 workers at San Francisco general hospital. Our plans to businesses and places that we have committed to, those plans will be put on pause. Reporter but listen to how only yesterday mayor breed was painting a positive picture in San Francisco, praising people for wearing masks. It is why we are seeing lower numbers here in San Francisco for the number of cases, and as we see, the numbers incre
Market. Thats the way it seems. Secondly, the europeans have announced a massive stimulus plan, close to a trillion bucks. Its really a bailout mainly for desperate italy and spain. Printing the money over there helps us over here. When that bell stops ringing and we start trading, the dow is going to be up, what, about 300 points. The s p will be up about 26 but the nasdaq on the down side. Tech taking a bit of a hit this morning. Who would have thought we would see this. For a second day running, the Airline Stocks are going straight up. Just look at that. In percentage terms, its a huge gain all across the board. Its the same story with the cruise lines. Straight up. This is all about the strength of the recovery in the most beatendown stock market sectors. Now, this may be having some effect on our market. Its the chaos which has returned to hong kong, asias financial hub. Police fired tear gas and pepper pellets at the demonstrators. They dont like beijing seizing control. The que