Them in a minute. I wanted to start just by saying that we are gathering at a time where we all as country, as these leaders in particular, are leading us as we go through moments of deep pain and anguish for so Many Americans. That has come to the floor in the last few weeks. A product of t is years and decades and even really centuries of unequal and unfair treatments. E murders of george floyd, breyonea taylor, ahmed arbery and Many Americans to shed light on systemic racism that is pervasive in our country. Black people are not safe here not when they go out for a job, not when they go out to church, not even when they stay in their own home and they are too often killed at the hands of police. Right now, our country is dealing with two diseases. One of them dozens of vaccines are on trial, medical professionals are working around the clock. And it is a global effort to become a common enemy. And still so many people are suffering and dying. For the other its a disease thats riddle
We try to live in the moment, to not miss whats right in front of us. At mutual of america, we believe taking care of tomorrow can help you make the most o today. Mutual of america financial group, retirement serves and investments. Additional support has been provided by and by the corporation for public broadcasting, a private corporation funded by the american people. And by contributions to your s station from viewers like you. Thank you. Sreenivasan evening and thanks for joining us. This memorial day weekend flags across the country are flying at half staff to honor those who have lost their lives to the coronavirus a who lost their lives in military service. Even as governments begin to allow larger gatherings and reopenings, deaths from covid19 continue. Lets get started with todays top stories it feels great to have guests on the park again. To actually enter the park, you need to reserve a spot online. Sreenivasan americans are on the move this Holiday Weekend, going to visit
Largescale repos, as it has been doing it goes on to describe the impact of the coronavirus on the economy the way it sees it, causing tremendous human and economic hardship, the statement says and measures to protect health have been causing the sharp economic declines and the losses in unemployment and jobs on the inflation front, the Federal Reserve notes, muted inflation, says weak demand and Lower Oil Prices are holding down inflation disruptions to Economic Activity, it says, have impaired the flow of credit the Public Health crisis will weigh heavily, it says, on Economic Activity and unemployment and just a bit of analysis picking on something that was just said there, there is no forwardlooking aspect to this statement here generally, the Federal Reserve says, this policy will lead to x, continued, sustained expansion. Things like that there is nothing here where the fed says the policies we have now will lead to x in the future its all about the fed chronicling the damage to
Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week its been a little more than a decade since the financial crisis and will the pandemic push the banking and financial industry into another meltdown more jobs a loss than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. From a Health Emergency to an Economic Disaster as the world grapples with the coronavirus pandemic unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering loan repayment holidays to consumers well in europe where banks have yet to recover from t
And global domination. Tesla is one step closer to opening a massive factory in europe Winning Court approval where it eventually plans to make 500,000 cars a year. U. S. Stocks sank friday amidst renewed concerns over the coronavirus. Tech Companies Hit hard. With more, i want to get to taylor riggs in the newsroom. What happened . Taylor the s p 500 was off about 1 . Of thearing the brunt losses, off 2 . Apple and alibaba off 3 . Investors are pulling their chips off the table heading into the weekend with the nervousness we are seeing about the coronavirus. Teche last five days, clearly the worst performer off about 2 or double what the s p 500 lost this week. The tech sector losses led by nvidia. They get 1 4 of their revenue from china. I want to put the losses into perspective. Losses for chipmakers were off three pointer percent. For the day, 3 . Worsthardly one of the days they have had. A bad week, but we have had worse. Investors did not want to go into the weekend with a lot