To respond sanctions and also to come. To. The holy fire in jerusalem as orthodox the celebrations get underway although thousands of churches around the world do stand empty and. Hello there you with Art International this saturday evening its just gone 10 oclock here in moscow ok lets start with some of the latest numbers that we have on the break because confirmed cases and cases of my past 2300000 more than 158000 people have died from the virus most of those fatalities are in europe and also the u. S. So far just over 591000 patients have recovered from the disease. Now the corona Virus Outbreak in germany does appear to be under control after a month long lockdown according to the countrys Health Minister germany has a much lower death rate than other major European Countries and restrictions on movement so being partially lifted with some shops able to reopen is it really is next week however a Government Spokesperson has stressed that caution is needed. Skipped. The city in fit
To try to get there first and that sort of thing so im hopeful we will very much try to learn as much as possible from that facility and from all the other ones too we have a lot to learn here. So well certainly be trying to do that. In terms of fiscal concern, so, you know, for many years ive been before the fed i have longtime been an advocate for the need for the United States to return a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time, which just means that the debt is growing faster than the economy this is not the time to act on those concerns this is the time to use the great fiscal power of the United States to do what we can to support the economy and try to get through this with as little damage to the longerrun productive capacity the economy has possible the time will come, again, and reasonably soon, i think, where we can think about a longterm way to get our fiscal house in order, and we absolutely need to do
Get even without International Just going to that michael kay in moscow ok well lets start with the latest numbers then on the outbreak because confirmed cases have now passed 2300000 more than 159000 people have died from the virus and most of those fatalities are in europe and the u. S. So far just over 591000 patients have recovered from the disease. Now the outbreak in germany does appear to be under control half a month long locked down according to the countrys Health Minister germany has a much lower death rate than other major European Countries and restrictions on movement are being partially lifted with some shops reopening next week however a Government Spokesperson has stressed that caution is needed skip. The statistics there are no guarantees that the infection kovel keep flattening out there are also risks when we take these small careful steps into opening up we must keep an eye on the infection curve and what it means for our Health System and our hospitals. As in many
Expectations for users and ad revenue. A drug also showing some positive results that may have been getting investors some optimism. To facebook, tesla and microsoft in a moment. Lets bring in taylor riggs to wrap up the day that was. Information showing that gdp pal gdp fell 5 . Maybeas thinking that things were not as bad as we think and that there was a sign that things could stabilize if not improve. You could say that was going on in the markets all day long. We got that data of a 4. 8 percent drop in gdp. Markets were already shrugging it off. Looking ahead to that news that we got from gilead. Tech is doing the best stuff. 3. 6 today. Those smallcap stocks are also some of the biggest out performers as we talk about how to reopen the economy. Gilead sciences was the driver behind all of this. They were up 5. 5 . Helpedxperiment drug coronavirus patients recover more quickly. Some 11 days instead of 14 or 15 days that was initially expected. Dr. Fauci came out and said this was a
A huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department and the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now the greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary Kerry Stephen minucci and the airlines that will receive the funding include Alaska Airlines Allegiant Airlines American Airlines Delta Airlines Frontier Airlines Hawaiian Airlines jet blue united sky west and Southwest Airlines now conversations continue with airlines regarding their potential participation now thats of c