Workforce. Motley find and report in this monitor is of the lives of the 2b2b informal workers of the world about 1600000000 have suffered massive damage to their ability to earn a living and to support themselves and their families if they are not able to go out and work for a day and earn some income day by day because thats how it tends to work their family wont eat they wont eat and their family will not eat and there is no social protection the Airline Industry is one of the sectors worst hit by the coronavirus pandemic playmakers boeing and airbus of both posted 1st quarter losses of more than half a 1000000000 dollars meanwhile British Airways says it expects to layoff 12000 staff john hendren has been following developments from chicago he says the pandemic is amplified big problems for boeing. For boeing these numbers were worse even than analysts expected it was hit by a double whammy 1st the company has been trying for a year to get its 737 max plane back up in the air thats
Coronavirus death toll passes 26000. 00 as the government includes karen fatalities for the 1st time. 100000 arrested for breaking the Philippine Government lockdown what police are being accused of serious violations and an icon of indian cinema the film world pays tribute to if im caught who has died of cancer. The brutal impact coronavirus lockdowns are having on the Global Economy is becoming clearer with the release of new Financial Data and the numbers only reflect up to the end of march just as most restrictions were actually being put in place the Worlds Largest economy the United States which has now recorded more than 60000 deaths has shrunk 4. 8 percent since the start of the year thats its largest drop since 2008 new numbers from europes economic powerhouse germany show its g. D. P. Is expected to contract by more than 6 percent this year plunging the country into its deepest recession in half a century and the economy. Out of Africa Nigeria has just been granted a 34000000
Which most ceos sounded positive in some aspect of the business. Is where we are on the s p 500. Some Tech Companies leading that higher. We had alphabet coming out, very positive for the markets today. Some conflicting headlines on gilead right now, though i will say, different tests for different things. Some tests prove some things, other tests fail. That doesnt mean it wont be a tool in the fight against covid19. Thats for sure. The 10 year yield at 59 basis points. We saw a little bit of buying after the gdp data. We were obviously expecting a terrible number. Crude is trading a bit higher, but at 15. 46, nothing to write home about. A slightly comber vix today. A slightly comber vix today. Guy guy the Banking Sector one of the bestperforming here in europe today as we continue with the European Bank reporting season. Deutsche, standard chartered, butlays all trading higher, still bracing for the full impact of the virus pandemic. Heres what some of the executives at some of those
Is this the beginning of the beginning of the end have we finally found a way to contain the pandemic today we got some very encouraging data from gilead on remdesivir, their powerful antiviral drug which helps people recover from severe cases of covid19 a lot faster were talking in and out of the hospital 11 days instead of 15 with the placebo a strong reduction in mortality rate thats been up for debate. May not sound huge, but results were so compelling that the doctors had to stop the Clinical Trial. It just wasnt ethical to keep giving people the placebo when they knew remdesivir could help, and that is bingo. Now look, ive been telling you an effective treatment for covid could be a game changer, saying it over and over again i said it would probably be remdesivir sure enough the market screamed high in response, surging 532 points s p 2. 6 nasdaq leaping an astounding 3. 75 . Hallelujah. With much of the country preparing to reopen for business buy, buy, buy the big worry is com
A moment to double youre watching aljazeera live from our headquarters here in doha also coming up hours after launching another attack on tripoli the libyan warlord after says his forces will stop fucking changing the holy month of ramadan plus. Utterly until it is like. A parting shot from the uns outgoing special rapporteur for me in march against leader Aung Sun Suu Kyi. This is still early days in the worldwide recession brought about by the coronavirus pandemic but we have a better sense of the damage it is doing the u. S. Economy the worlds biggest seen a decade of growth wiped out in 3 months shrinking by almost 5 percent the u. S. Plane maker boeing has reported 1st quarter losses of more than 600000000. 00 over the same period its european rival lost 515000000. 00 and the e. U. s biggest economy germany is forecasting its worst year since the end of world war 2 will begin in the u. S. We have this report for. She had her tanzi. The 4. 8 percent decline for g. D. P. Between ja