A 51 percent increase in the number of reported cases in my own continent africa and a 60 per cent increase in the number of reported does with the current challenge of all painting testing kits its likely that the real numbers are higher than reported or rossi has signed is that an epidemiologist and professor at Massey College he says the pandemic poses a major threat to africas densely populated cities. Enemy of Public Health is a kraut and when you think of most african countries the uk hard to rise by overcrowding its actually in the urban areas but adding to that as well as Health Care Infrastructure are factors that can lead to serious illness and death for example endemic all year round in most of those countries are diseases such as tuberculosis it beat aids and malnutrition and those conditions tend to lead to compromised immune systems and therefore in fewer and lead death be done and lead to soonest disease and death so its a perfect recipe so dry an epidemic in the 2 explo
A white house that continues to try to put a positive spin on very negative news but thats going to become increasingly difficult because the numbers are expected to continue to rise in terms of the number of americans that are filing for unemployment claims in the United States in fact its expected that in the coming weeks that number that were at right now in the low 20 millions well it could double because the reality is that over night its predicted that roughly 46000000 americans lost their jobs and the only reason those numbers arent up at 46000000 right now is that the states where they processed these claims just cant cope with the sheer number of claims theyre overwhelmed theyre using antiquated Computer Systems and as a result the numbers we have are not really reflective of how many people dont have a job right now and just to make matters worse quickly the money that had been in that big rescue package the 2. 00 trillion dollars rescue package from congress well 35000000000
The s p 500 down deep in the red down 5 . Fox Business Team coverage. Blake burman is at the white house where the president is currently meeting with nurses on the pandemic. Kristina partsinevelos on the floor of the New York Stock Exchange. And chad pergram is on capitol hill. Were going to start with blake. Reporter hi, there, we had known for about a day now that the Trump Administration had been potentially eyeballing a trillion dollar stimulus package, bailout package, whatever you want to call it. Now we know what they are thinking of, how that trillion dollars might be divvied out. According to a Treasury Department document 50 billion would go towards the airlines. 150 billion would be in loans to critical sectors of the economy or what is deemed as critical sectors of the economy. On top of that, there would be 300 billion in Small Business loan guarantees, and, there would be 500 billion in direct payments to americans. Half on april 6th. Half six weeks after that, on may 18
A shift gardy his rival a dollar a separate sarah body to inaugurate himself. With your sports asian World Cup Qualifiers are postponed and tennis his biggest tournament outside the grand slams indian wells is cooled off of a coronavirus. Hello welcome to the news are the spread and fear of coronavirus is starting to have a global major effect on the economy and on the growing human cost us stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading that followed more big drops in asian and european markets earlier in the day one days market shark was triggered by a plunge of 30 percent in oil prices have to saudi arabia increased production christensen is live for us in new york and kristen. Everybody was worried about the knock on effect that this would have once they saw asian and european markets open and it has had that domino effect in the u. S. On monday. Absolutely stocks across all of the major indices are down sharply this morning right now th
Prone to gaffes. In congress, no agreement on how to respond to the virus. The latest proposals, a payroll tax holiday for the rest of the year. In other words, your Social Security contribution, suspended. Another one, extend the april 15th tax deadline. However, congress had better get on with it. A oneweek recess starts friday. The market, not happy with any of this. Stocks will be down at the opening bell. You kind of get seasick watching it all. Down 2,000 monday, up 1100 tuesday, this morning we will open about 800 points to the downside. Similar losses for the s p and nasdaq. The virus, there are now just over 1,000 cases in the United States. Draconian action in new rochelle, new york, where the National Guard has been called out to help with a cluster of cases in that town. Seattle has restrictions on large gatherings. The first lawsuits have appeared, a cruise line sued. And just look at this. Students at the university of dayton rioted last night after the authorities announ