Back into our community, and making sure that all of the businesses that have supported us over the years are here to support us in the future. Reporter time is of the essence, and the time is now. It is essentially critical, were talking about businesses that for many, work on a month tomonth misses. Reporter economic develop Alliance Just released a survey of 2000 east bay businesses, predominantly sole proprietorship. Overwhelmingly, they say this is the biggest challenge for now. To make the most critical piece of that is reestablishing the connection with customers, hitting orders going, and starting to get back into the flow of things. Reporter overdue rents, bills, hiring people paled by comparison, their Small Matters but any could end the business. Trying to get out of that hole is a daunting proposition for many. Reporter this is really about survival, we will see how it gets in the future, but nobody knows so far. No one knows how may businesses and Contra Costa County and e
Federal reserve vice chairman speaking in washington to the National Association for business economics, saying that the fed is close log monitoring the coronavirus. So maybe a slightly different tone than last week. He said it will be a noticeable impact on china in the First Quarter, and that could spill over to the rest of the global economy. Too soon to speculation on the size or persistence of those global effects the probability of rate cuts reaching alltime highs for the individual contracts, april, a first duty now at 63 , it is probability of a second customer, and now over to 50 for a third cut in december for the first time, so the majority of position in the mart right for you, sara, going along with a huge decline in the tenyear to alltime lows and the downdraft in the stock market is now for there to be three rate cuts this year from the federal reserve. I know we parse every word from every fed official. Is the bottom line here that the fed is maybe storming to warm to t
Live from the cbs bay area studios, this is kpix 5 news. Right now on kpix 5 and streaming on cbsn bay area, were looking live from our exclusive Salesforce Tower camera as we look at city hall on this wednesday morning. Good morning. February 26th, im michelle griego. And im kenny choi. Now time to wake up in time to get that forecast again. Happy, restarting of the day with clear skies and temperatures in the 40s and 50s. Wrap that jacket as you head out the door. 53 in oakland, San Francisco 55, san jose 50. Looking at 43 in santa rosa. As we take you through the afternoon another mild to warm day but not as warm as yesterday but above average. 70s in santa rosa, fairfield 78, san jose 72, and we will talk about the rest of the work week and changes for the weekend. Details on that coming up. I like that you are already thinking about the weekend. Thats awesome. Speeds not looking too bad right now. Ready much in the green except for the super commuters. Speeds are slowing down to t
General motors negotiations resuming next hour. The strike coming as gm faces declining sales and is closing plants with uaw leadership while facing an fbi corruption probe. Have news on vaping, opioids and chinas economy as well but im david asman in for stuart today. Good monday morning with varney co. Start right now. David lets get right to oil. Studies have shut down 5 of the production after two drone attacks. West texas crude and brent crude surging on that news over 10 . Here are dow components exxon and chevron free markets. They are unchanged but those situations could change dramatically when you have the opening bell. Stocks are a big along with the entire Energy Sector of the orbit here is President Trumps latest tweet on the subject because we have done so well with energy over the last few years, thank you mr. President , we are a Net Energy Exporter and now the Number One Energy producer in the world and we dont need middle eastern oil and gas and in fact, we have very
Kathleen youre watching daybreak asia, coming to you live from new york and hong kong. Autonomous where coming down to asias major market open. Haidi oil hitting a high for the year on investors settling for a 10 year yield below 4 in the latest treasury auction. Disney gaining after the bell and a folk at forecast for lower Capital Spending. China says u. S. Is weaponizing trade as President Biden signs an executive order limiting investment in some of his companies. Kathleen lets take a look at u. S. Futures. It was a down day in stocks ahead of that big cpi report in the next 24 hours. You can see a bounce back but at the close, the nasdaq was down about 1. 2 . The s p 500 down 7 10 of 1 . Nvidia, big move down. One of our reporters saying earlier that people wonder what has gotten the cpi report so nvidia was down, tesla was down, amazon was down and then there was a big surge in lng prices. 28 in europe, caused by the threat of a strike in australia among Union Workers there. Coup