And ordinary budget presentation governor Gavin Newsome thursday presented his proposed version of the state budget axing 19 billion from his original spending plan in january as the states economy struggles amid the coronavirus newsome anticipating unemployment could peak at 24. 5 in california with a 22 drop in overall state revenue the billion budget keep some programs like boost the minimum wage and maintaining the states earned income tax credit for working families along with continued commitments to health and Public Safety but the governor prepared to throw out 6. 1 billion in Program Expansions and new proposals including extending state Health Insurance to undocumented seniors. The governor also proposing to cut state worker pay by 10 including Health Care Workers and Public Safety personnel. His own salary also included you will hear of cuts that. Not make none of us crowd. But the values nonetheless we are holding on to for now new some plans to use 16 billion from californ
The Global Pandemic surpassed 5000000 new cases as a lot in america surpassed several countries in europe cases in brazil are still surging the country recorded nearly 20000 new cases its biggest single day spike it could soon have the 2nd highest number of cases in the world its thursday and unemployment numbers are in from last week and still on the rise will nearly all 50 states have at least partially reopen and still 2400000 more americans filed for unemployment just last week that brings the 9 week total jobless claims to more than 38000000. 00 analysts are even expecting even worse numbers for the month of april now russia still seeing its cases surged deputy Prime Minister a top 10 are goalie cova reported the countrys Unemployment Rate has risen by 30 percent since the start of covert 19 the pandemic is expected to wipe out 20 percent of russians disposable income in the 2nd quarter of 2020 well the World Health Organization reported the world record in newly reported cases wo
Work around 05 00am i get up you know than that in the 4 oclock hour start monday in. And i thought it was my alarm and it just it started rocking and it was about good 10 seconds in im not here at about 8500 east and between man it in june late come soon. Its modern county, not too far from ana lately buying eastern here about the 3. 95 and up. You know the trees were i got up and now i would directly out diving. You know it was a weird the trees are sure another pine trees were kind of moving a little bit it was a good out it definitely felt like a good 6 point oh or higher earthquake in you know, and i just as i said about 2, 3 minutes for the usgs site q a it felt and looked like it struck you know between reno and bigotry counterpart, nevada somewhere out there he not and just a couple minutes ago i could still little a little aftershock here. You know im in a trailer, so it doesnt rock little is going to ask you yet youre not far off is just a just due west of tone but you say yo
Little bit deeper this week exactly one week into phase 2 a little bit deeper meaning Childcare Centers like the one right behind me at mount taylor. Now because they have shown that they have been handling coronavirus to the satisfaction of governor newsome that there will be able to accept. Children of non essential workers this location has been open throughout this whole shelter in place to deal with children of essential workers but because now were deeper into phase. 2. They can do that we also can have car washes pet groomers you can go there cleaning services will now be available to people in Sonoma County and those who cannot work from home. Now theyre be theyre able to go into the office says they still have to practice social distance, but now they can go into the offices and get back to work so the good news is whats the bottom line daria that they can have a little bit of wiggle room they can still do us social distance, but also get back to what they felt was normal incl
Loneliness, isolation could be more widespread and a bigger problem. Kennedy is here to give us her take. All that and so much more on making money. Charles stocks at session highs. Well the week is off to a monster start. It began overnight with jay powell saying that the fed has no limits in his 60 minutes interview about the economy, economies around the world doing well, opening up, including italy which i think is very symbolic. Not only stocks on the move. There has been major breakout in the price of crude oil. Then came that real positive news. We know that hundreds of companies are racing for a covid vaccine. While moderna says its initial results from a phase one trial have been very good. In fact they said the vaccine candidate, quote, has the potential to prevent covid19. The market has erased all last weeks losses. The question, what should you be doing . I want to bring in jeff saut and gibbs welt management president and cio, erin gibbs. Erin, let me start with you. This