Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look
And i want to thank my colleague and Ranking Member, senator cantwell, for her cooperation in this regard, and for all of our staff. Convenes toe today discuss the state of the Aviation Industry. Witnesses, which are limited in number by the guidance we received from the senate, include nic calio, president and chief executive officer of airlines for america, todd president and chief executive officer of the American Association of airport effectives, eric fanning, president of the chief executive officer of the Aerospace Industries association, and remotely, dr. Hilary godwin, dean of school of Public Health university of washington. No part of the American Economy has escaped the impact of the covid 19 pandemic. The air and transportation sector has suffered a particularly painful blow, one intensified by Global Travel resections and stay at home orders, Domestic Travel has declined over 95 compared to last year. Flying with 12 passengers on average. Half of the u. S. Passenger aircr
20. 5 in a data set thats never been more than 2 million in a single month, numbers we never expected to talk about no. The numbers are just completely and totally shocking not unexpected however given the carnage thats taken place in the economy over the last month as we locked everything down those lockdowns ending around the country. Things starting to at least normalize in some states the question will be of the 18 million workers who describe themselves as a temporary layoff of that 20 million, how many really will get their jobs back is a key given the markets reaction today, there seems to be an expectation that most of them will that will remain a question over the next many months as we hope that the economy does start to return to some semblance of normalcy mike, lots of internals to dig through here average Hourly Earnings show a chasm between lowerpaid employees in the country and those with higher wages who, judging from the data, lost their jobs at a slower pace. Yeah, no
Those friday afternoon activities. Lets get over to reggie with news of the day. Thank you, mike. California is entering stage two of reopening today. It is only affecting a certain amount of counties here in the bay area. Lets take a look. Napa, sonoma, santa cruz and solano will follow the governors orders or at least orders that are pretty close to it by reopening many more stores today. Abc7 News Reporter Amy Hollyfield is live in downtown napa with what it looks like there. Hi, amy. Napa and sonoma you can get Curbside Service, pickup. The owner of this boutique says thats not enough. She needs people to come in here and browse. She is really struggling. She needs people to get in here and shop. But napa and sonoma at least are complying with the states new order. Most of the bay area isnt even doing that. Under the new orders, some Retail Businesses like stores that sell toys, books and clothing can partially reopen. Curbside service only. Calamity janes owners says she is trying
A massive boost in funds for Virus Testing but the money isnt new. This new land reopens in Mainland China cinemas museums and other recreational venues are set to follow. My. Fellow governments across the world are cautiously lifting some of lockdown restrictions as they try to restart their economies without causing a 2nd wave of corona virus infections french sidewalks of come to life and roads are filled with traffic for the 1st time in 2 months mosques are compulsory on public transport and social distancing measures are still in place over in spain roughly half of the 47000000. 00 people there are now allowed to shop in small stores and sit outdoors and restaurants and bars but its biggest cities madrid and barcelona are still in lockdown meanwhile india is partially reopening its Train Services from choose day making masts and Health Screening mandatory for passengers countries just recorded its highest rise in daily infections with nearly 800 new cases over here in the u. K. Th