Governor newsom today. Record job losses. A massive state deficit to the tune of 54 billion. To bridge that gap, the governor posing billions of dollars of cuts for the next fiscal year. Heres the governor proposal, 203 billion, it represents a 5 decrease in spending from this year. Governor newsom is asking the legislature to approve 6 billion in cuts, so where does that money come from . State Union Workers could see a 10 pay cut. Some Health Care Coverage under medical like dental care could go. K12 and Community College budgeting will be dropped and the uc and cal state systems could see a 10 cut. Even with the proposals, the governor says protecting Public Education is a top priority. Rond handa shows us at robert handa shows us at least one School District is not sold on the Governors School protection plan. Reporter the governors message did seem to get optimistic for Public Education but here in this School District the superintendent did not share that optimism. The allen rock
[captions Copyright National cable satellite corp. 2020] everyone inrnoon, for tuning in and listening to this press briefing. I guess we have a little bit of good news and that is that the case count that we announced today is not as drastic as the one we saw yesterday. But it is still very concerning. Is 1147 ase increase opposed to the one yesterday of 2700. However, we did reach a grim milestone because we now have more than 10,000 cases statewide. 10,297 to be exact. We had an increase of 60 deaths. That increases much more in line with what we expect to see day today, not the 42 we saw yesterday. Thats what im trying to communicate to you. But the rate of spread, the number of cases will always depend upon the degree to which our people are complying with the stayathome order, with all of the social distancing guidelines we are putting out and minimizing social contact. We knew and have been telling people that getting through this crisis would resemble a marathon, not a sprint.
Everyone yesterday we launched an alert system that will provide timely updates for covid19 and other critical kindness other guidance from the governors office. Text lacovidease to 67283. Already one heard thousand people across00 the state have signed up for alert. Additional information is available at coronavirus. L. A. Gov. This point i will ask the doctor to come up and explain more about the chart that was up there with the modeling because i know some of you were wanting more information about our modeling. Thank you, governor. Said, since the earliest cases in the state we have been working at the the academic side and with health items and insurers to build a model that would help us understand what to expect and how to reject what covid19 would mean for the state when it comes to our most Important Health resources that need to be there for those most severely affected by covid19. That is hospital beds and ventilators. You have been hearing us talk a lot about those. The gov
Barely moving across the typography that will not weaken too much. Category 5, winds are cut down for the last observation, 180. They are all big. Youre going all the way from the south of florida and all the way up into wilmington potentially as the category 2. If it works this side of the cone, which it could, right, right now it could be anywhere in these areas, right . As you know you can see these two basic models. All with different resolutions. And that will be a bad scenario. But the blue one, they will do the same thing. Now this scenario, im sure it is much better and youll have the problems, flooding, storm surges. We are look at your forecast coming up real soon. People in the southeast preparing for the worst. Planning for days whatever dorian may bring. Fox news Lauren Blanchard joins us live from Daytona Beach, florida with more preparations there and the damage already done. Folks just across the bridge, closer to the low lying areas. They need to be out of there by thi
U. S. Futures down 6 10 of 1 . Normally a price move you do not see in the asia pacific save for events like we are seeing today. The dow futures, a substantial pickup. Coming off highs on vix futures. We dont have japan trading so youre going to get a lot of that in the form of going straight into these contracts. Since japan is closed looking at futures. The fact a dollar is stronger against Everything Else but the yen is stronger tells you the mood is yvonne do you go into a traditional haven plays like treasuries after the week we had or should we be worried maybe with oil prices being elevated there could be this third wave of inflationary pressures coming into the forefront . That is what the market is contending. You certainly are seeing where the trade is. It is oil markets reacting. Rishaad it has the traders looking at possibly a proxy where with iran taking place. Israel produces Something Like 320 million 20,000 three to 20,000 barrels a day. With the consumption of 236,000