Percent now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time. This makes the Great Lockdown last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below previous levels the comments come weeks after u. N. Secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w t o said last week global trade will fall by between 13 and 32 percent this year alone now theres a lot of great down here so lets go ahead and bring in some expert analysis from cohost ben swann and christiane i guys thank you so much for joining us christy this contraction of Economic Growth is it simply because of supply chain slowdowns or are there entire industries th
Emergency we had to change in this structure and so far in my hospital there are more than 100 beds just for positive cases waiting near morning and weve got to close all this good rule in order to a larger they tend to care unit where risky or tory i need a daughter to take here oakdale younger population of course with regard to rape all difficult lation this is not seasonable and we are trying to use noninvasive or its peter torry technique just get can i get on to the respiratory techniques youre a few weeks ahead of us here in britain i understand or see over here were appealing in britain for manufacturers to come out with ventilators i understand the use of ventilators is something youve been particularly wary of you have to be careful clinically about the use of ventilators yes we need to of 2 to identify the patient what got us all to need to survive using them to date on that one but that will not because i were experiences that. Whenever you need that information with mechan
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Recession. The dow down lost 2,400 points in three weeks and 1. 2 away from wiping out all of last years gains most other indexes already have. Your team of fast money traders to want steve grasso brian kelly, Karen Finerman and guy adami. Im Brian Sullivan guy, i dont like to use this word but is part of this market, investors, panicking no. Again, panic is the wrong word we are within 7 or 8 of alltime high. If people sold stocks given where we were is that panic . The speed things are moving is scary. I dont suggest its panic i dont think youve seen panic. And frankly the job isnt to stoke the flames of the panics its not the job to assuage concerns its our job to tell you what we nifrpg is going on with the vix at this level given the fact that people are not traveling, not going to games, schools closing, thats a fact now we talked about it last night. Thats having a huge effect on the economy and the subsequent kwekt effect on the market ill say this again, i think steve agrees,
Just not as many people have been getting off, but we did hear from Travis Air Force base, they are spending more buses today. Compliments of several buses they received at 8 50 last night, up at Travis Air Force base in fairfield, about 37 miles from here. We know they are going to get more people going up there today. The one thing we are sure to be noticed of was the fact that travis says if anyone tests positive for the coronavirus, those folks will not be going to Travis Air Force base. They will be going elsewhere, they are only going to take people that are going to be put into courting. Thats in order to protect people themselves that are being quarantined, not to mention their own staff and people like that. That is the situation here. At the boat, as they say, there has been a lot of activity. Some people have come off, and there are a bus or two there, just not the fleet of vehicles there were yesterday, was suggests they dont have a system. Apparently, that system has to do