The e. U. Economy had expanded by point one percent in the 4th quarter of 2019 and of course contraction is expected as the crow virus pandemic continues to wreak economic havoc but it should be noted that lock downs in the e. U. Did not actually start until early march of 2 months before those lockdowns took place weighing heavily on the economy now looking at some of the largest economies in the block frances g. D. P. Felt by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filing for unemployment reached 3840000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 30000000
In the block frances g. D. P. Fell by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filings for unemployment reached 3400000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 1000000 despite the dismal Economic Data an incredible number of unemployed americans markets are on pace for the best month and decades today of course excluded so lets get some expert analysis on the situation with tobin smith c. E. O. Of transforming research and boom bust cohost christi i thank you both for joining us today now christy weekly weekly jobless numbers are in now as i just mentione
Hi, everybody. I want to thank everyone for tuning in to our show and for staying inside or in their area thats youre doing the right thing. [ applause ] and to all my fellow new yorkers, i got to say, im so proud of you for staying inside and wearing a mask and just doing the right thing. A lot of people are watching us a lot of people are watching new york to see what we do and so you really are setting the bar. So thank you so much for that. Um yeah its thursday. So thats closer to friday right . Its basically friday. So lets lets lets make some jokes and comedy. [ laughter ] we in the house come on steve tonight, join jimmy and his guests vince vaughn, gigi hadid, musical guest maluma, and the legendary roots crew its the tonight show at home edition. We in the house yall and now, heres jimmy. Jimmy hey, guys, welcome to tonight show at home edition well, you guys, today is National Honesty day, which means, tomorrow is national hey, im sorry about what i said yesterday i didnt mea
Us today now christy weekly weekly jobless numbers are in now as i just mentioned 3840000 filing for unemployment which is worse than expectations again how bad can this actually get. It came back quite bad because if you remember we have been coming in worse than expectations now for about 6 weeks in a row so now you have roughly 30300000 people who have filed for unemployment in the last 6 weeks which its pretty much one in every 6 americans so with more employers cutting payroll in order to boost their earnings economists have now up their forecast that the Unemployment Rate for april could go as high as 20 percent now unemployment has always been a bit of a lagging indicator given the time it takes to process and gather all these numbers some analysts suggest that the real numbers are likely to be higher and estimated that up to 12000000 more people have lost their jobs to claim yet given the backlog in the system the biggest drops to date came from california florida connecticut a
A plastic zip ties and they were taken into a sheriffs van to go to the station now it doesnt its not really that clear if they were arrested or just detained, but some of the people representing housing for moms some people with a so claimed they went in joined them in all of them to the Sheriffs Office to where theyre going right now now we will hear from the Sheriffs Office later this morning, they said they will give us an update around 8 30 this morning but lets hear from the filmmaker who was inside the house when all of this went down he talks about how forcible are how for how much of a forced entry this was how intense it was inside the house. A moms inside the house and peacefully resisting and they said that peacefully resisting and they said we are not yet and were not resisting or not resisting over and over again. The sheriffs heard that they repeated that to others. But then they came in with pretty brutal force they had they kept repeating. And like kind though some you