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Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far....

Hours. Half of all hospitals are reported to be stretched to capacity. Germany was able to boost its number of intensive care beds during the 1st wave, but as we report, trained nurses are increasingly insured. Supply in the shell is an intensive care nurse. She finished her Specialist Training at the end of october. Now shes caring for a coronavirus patient in intensive care at disorder of c university hospital. Having at the embassy, weve moved him around so that he lies in different positions and dont get bedsores. My colleagues will take some blood for a blood gas analysis, which will tell...

Is worried about covid hot spot the cold weather thats coming pickup. He spoke today on a panel for the Silicon Valley leadership group. So im concerned unless we do something to turn this around, were going to have a very difficult, very painful winter. Reporter he said universal wears of masks and continued social distancing will help, and so will choosing Outdoor Activities over indoor when possible. No one has an appetite to shut the country down again. Reporter he said he is cautiously optimistic about a vaccine. There are six possibility, five of which are in advanced trials. We should b...

We try to take a little bit of the california ingenuity and innovative spirit we are well known for and we reached out to perkin elmer, and we reached out to a number of other partners to develop a strategy. The governor said the lab has already created 300 new jobs with 400 more expected in the spring. To the south bay, a San Jose Church that says it will continue holding large Indoor Services in defiance of Public Health orders ring the covid19 outbreak, now the county is taking the church to court. Henry lee is here with more on this standoff. Reporter for months, Calvary Chapel in san jose...

But i felt like it was going to be safe. Reporter more than 40 of ballots sent out have been returned, but with a major jump in Voter Registration from 2016, secretary of state alex padilla says it means there is still a lot to people who need to cast their vote. The math is simple, there is more than 22 million registered voters in the state of california. A little bit more than nine a half million ballots already back, that is great early voting number, but that means there is more than 10 million voters who have yet to participate. Reporter several sports arenas will be converted into early...