Is a cultural shift if somebody doesnt shake it and its not the end of the world. And you countries including germany rollout drastic new measures to counter it with a 2nd wave of cold 19 as case number surge beyond the peaks seen back in spring. With your headlines ill be back again with another look at about an hours time to watch for to international so glad to have you with us. Hello and welcome to cross talk youre all things are considered im Peter Lavelle there is a saying in washington dont let the perfect be the enemy of the good this appropriately describes the political warfare. Over another stimulus package at the center of this standoff is who wins or loses just prior to the election in the meantime tens of millions are suffering with no end in sight. To discuss this and more im joined by my guest brad like unshipped in gothenburg he is they call me as a c g t n i freelance reporter for shin how as well as a r t contributor and in greenville we crossed to hana cox she is a
Giving cash to people you know theres a lot of ways to help people but this is an extraordinarily time ok and a lot of people been put on their backs i because no fault of their own so how do you stand on this. Well i think we have to we have to look at it 1st and understand that and letting people go on employed that was a Political Choice by the United States but our government there was other countries for example in europe and where i live in the Czech Republic they were doing a wage subsidies system so for example you know the government will pay 70 percent of the furloughed employees wages so that was a way that we could have done it here in this country we could have paid a wage subsidy for people to keep their jobs instead the government chose to let people go on employed and of course when we talk about this the republicans are talking about this saying to small nonexistent naan and send them to work when i was their choice im sure people would rather work as we talked about p
Live dhere s raining. Weav light in through sears point through hercules, up towards yountville and sfo just a few light returns hitting the peninsula now, over into oakland as well. So the Bigger Picture shows this weakening frontal boundary, an area of low pressure that is going to descend parallel over the bay area, close to it anyway, throughout the next 24 hours. So for today, looking at the light rain, scattered downpours, breezy at times, rainfall will be light, less than a quarter of an inch. It is mild in the 60s out there in many places. Upper 50s in the north bay and a little bit of fog. As we go through the 10 00 hour, we will be pretty much in the low to mid6. Nocehat weve got clouds around and a few scattered showers for the r re to me well talk about it and time it out in a few minutes. Liz . Lisa, thank you. P of we head into a new week, reopening tomorro, San Francisco, san mateo and marin counties will start the second phase. This is the early stage of phase two, that
So it is a mild start. Well see the showers taper off. Scattered throughout the day, widely scattered so the bulk of temperatures in the 60s and another wave of showers moves through tonight. Well talk about this lasting into your monday coming up. Thanks, lisa. Sounds good, lisa, thank you. As we head into a new week, three bay area counties are moving into phase two of reopening tomorrow, San Francisco, san mateo and marin counties will start the second phase. This is the early stage of phase two, that does not mean dinein restaurants, shopping malls or schools can reopen, but here is what will be allowed in the three counties starting tomorrow. Curbside retail pickup, manufacturing, childcare for those outside of the essential workforce, outdoor museums, car washes and some offices where telework isnt possible. As for the rest of the bay area, alameda and Contra Costa County also follow in the same path beginning phase two sometime this week. Were waiting for what date exactly. Day.
Here lea lets debate that today. Good to see everybody. Lets take you right to the boards and show you where we are trading. The dow is at 23 about 300 point gain S P Still Holding on the a 1 gain as is the nasdaq. Theres a russell at the far right hand side of your screen up just about 2 all right, jim, youre holding onto this cash we have come a long way from the bottom s p is up 26 . Nasdaq up 25 take stock of where we are and where you thip we may nk we may here taking stock of where we are, the price market has priced in var shaped recovery in economy and profits. That shows that 2021 earnings, they are looking for the best ever i disagree with that i think you will see a recovery in 2021 but not a v shaped recovery, a u shaped recovery. As the stock market comes to grips with that, im still preaching caution and patience i see the move today and yesterday. I have the 12 cash. I feel a bit uneasy about it i got to say i expect more bad news on the virus, on the Economic Impact and