Sarah in San Francisco. And debbie in riverside county. So, i was really kind of shocked to see four different names with my address on them. She opened them to see if someone had stolen her identity. Instead, the notice said edd paid this person too much in benefits. And it was an overpayment stating that they overpaid by 10,000. Thats a lot of money to pay back. Why was there such a huge mistake that somebody received 10,000 overpayment . I dont recognize the name. No one has ever lived here with that name. David in Huntington Beach got a half dozen of these letters. He was shocked at what he found inside one of them. Heres the debit card still attached to the paper works, still glued to it. And edd debit card from bank of america, addressed to someone named valerie. And here is her award notice, saying, she qualifies for up to 14,000. If somebody fills out a false application in the state of california, you would think there would be some safeguards, a request for department it. If
24 to 48 hours the backlog between 240,000 and 300,000 records will be resolved, giving as you better sense of the total number of tests that were delayed. We apologize. You deserve better. The governor demands better of us and we are committed to doing better. Governor newsom has asked for an investigation into how the data glitch happen and the doctor says people will be held accountable. As for the hundreds of thousands of tests, it is under clear how many are coronavirus. There could be tests for other things as well. Despite the underdown, the doctor believes the trend of new cases has been stabilizing and is moving down. It has been a tough two weeks for unemployed californians. The 600 a week unemployment life line was discontinued on july 25th. Leslie brinkley looked into how people are coping. What am i going to do . Reporter she can coast by with a federal supplement but it is almost impossible now. The difference between 450 and 1050 is 600. Reporter her husband is battling
Jobless claims, though, 4. 4 million, bringing the total to 26 million over the past five weeks. Oil bounces, and the european pmis remain historically low 16 in france no, 10 in france 16 in germany. Jim, though, your tone this morning is relatively hopeful. Look, i am a creature of who reports and what they say. And i can literally i find it hard to remember as Many Companies as saying good things, even as obviously were in nidest of a pandemic, and i dont think theyre all clockeyed optimists. These are large cap companies. These are not the companies that the government is trying to protect. These are arguably the winners the companies that are going to get stronger i listened to lee, and Lee Cooperman was talking about what its going to look like on the other side i look at my desk. I have reports everywhere here these are all companies that are going to come through with fewer competitors. And that may be bad for the u. S. Consumer, but its good for the stock market david, would y
And full analysis. The stocks going into it are higher. Futures pointing to gain at the start of tradingment broader looks good. Look at futures. 280 points right out of the gate. S p 500 up 29, better than 1 and nasdaq higher by 115 points, one and a third percent. This after the dow, s p 500 much of the needed money. Lindsey graham right here. Former Vice President joe biden picking up major endorsement from former rival senator Bernie Sanders. Mornings with maria live right now. Maria Global Markets this morning also mix today. Take a look. Ftse 100 down 25 points. Cac quarante down 2 points but the dax in germany down by higher than 11. Better than 1 . French president aim to go start opening economy and schools on may 11th, in asia overnight green across the board, take a look. Good tone overnight for the asian markets, better than expected Economic News out of china this morning, exports were down in the month of march from a year earlier. Import down 9 tenths of a percent. Both
Instructed the u. S. Navy to shoot down and destroy iranian gun boats if they harass or ships at sea obviously thats a policy, thats going to make it so that anyone who is short oil theres so many people short oil, might say its worth covering here. I had a big win. Its geopolitical, the fact theres a failed instrument out there called the uso, i say its failed because its not been able to handle the selling yeah. Executing a 1 for 8 reverse. Are they really we talked about the usa more th than we ever have. Some things should have never been created, the uso was blessed when the s. E. C. Not around, people lose money, but theres no constituency that says you cant lose money. What do you make of the general notion that the president s tweet aside that some of the results last night were better than feared. You have a list of companies now that have been able to either sell a stake privately or through secondaries and well get to that in a moment. Plus the Senate Package making progress