Come back parade. Not startling, but reminder these companies are trying to conserve cash. They look to do it reining in the advertising budgets. The effect on broadcast industry, cable industry, newspapers, publishers, that could be pervasive this is not a shocker. Something i want to pass along. Also broadway right now, it is all blacked out. There are no shows. That will continue to be the case at least through labor day. Were getting word from broadway producers this will be case at least through labor day. Reminders here even when we get back to business it could be slowgoing. Certainly in the new york metropolitan area. Certainly among big corporations that have reining in to do. All right, back to dr. Fauci, the kind of things he is outlining right now, the state of the coronavirus. His concern about not opening up too, too quickly. Although it has been kind of a back and forth on this. Sometimes, no offense to the principles involved, kind of like watching paint dry but if your
Estate being among the hardest hit. Planning to peaches beaches planning to reopen in time for memorial day as well as clubs in florida as there has been a resurgence of the credit virus in texas. I will ring in taylor riggs who has been digging into the movements of the day. Early losses and late game, where did tech land . Taylor the second day in a row with earlymorning losses that transitioned into gains in the afternoon. Tech for a second day upper forming the s p 500. It is not coming from big tax. The ndx, the nasdaq 100 the other performer. You are not getting the leadership from big tech you would expect in a rally. This is the second they were big tech lacked and the other performer in all of the tech stocks. You mentioned retail sales and Industrial Production all bad news. On the flipside, Consumer Confidence better than expected. That is where you get smallcap stocks like the russell 2000, focused on that semester consumer, that was the big outperform or that on the domest
Than 1 . Connell, im not convinced about the report of california staying closed for another three months. We saw a big leg down on that, near session lows. Plus at the white house this hour, President Trump is preparing to sit down with republican senators just moments after nancy pelosi and House Democrats unveiled a new aid package worth 3 trillion, because money grows on trees. Fox Business Team coverage. Break burman with the latest from the white house. Lauren simonetti watching the markets and Edward Lawrence is in washington. Lets kick it off with blake. Reporter melissa talking about moves in the washington. President trump set to meet with republican senators. That meeting comes after House Democrats today unveiled their next step proposal, their phase four relief proposal. Nancy pelosi unvalling the heroes act as she calls it. An 1800 page bill. Through it all, roughly 3 trillion it proposed in relief. Let me tick through some of the items. Calls for 500 billion to states, 7
Season. From january to may 10 of last year, we had 675 wildfires. From january until may 10. This year, we have had 1135 wildfires. What california continues to fight the viral pandemic, it must also be ready to fight wildfires while protecting the firefighters from the virus. This is being done by training and smaller groups with more spacing between firefighters. At real fires, base camp tents will be much farther apart to ensure distancing as well. Trying to do our best to suppress the spread. At the same time, we have to mitigate and suppress these fires. The priority . Use more people, aircraft, fire engines and equipment to knit fires in the bud. Initial attack is the key component to keeping fires small and keeping firefighters healthy. Pg e and other investor owned utilities in california will be wire to spend 5 billion on safety and wildfire mitigation. To a sure that happens, the governors increasing the state budget to launch a 106 person wildfire safety division. That divi
Economists expect most jobless numbers will show that another 2 1 2 million americans filed for Unemployment Benefits last week. That would be a slight improvement from the prior week. The nation has seen about 33 million new unemployment claims in just the past seven weeks. Here in california, the state Employment Development department has issued a new set of guidelines as a result of the coronavirus pandemic. The new rules would allow some people to actually turn down job offers and instead continue to collect Unemployment Benefits. New at 6, andrea is here now to explain. Is a drastic change from what normally happens when people collect unemployment but part of the reason here is that people are supposed to be hunkering down at home to prevent the spread of covid19. It is sort of a day by day week by week. That is how tonya, owner of brown sugar kitchen on broadway and oakland views her current predicament after laying off 34 members of her 40 person staff thanks to the coronaviru