Pound hole in its bottom line. Auto aid renault struggles to restart production amid faultering demand mixes messages from the hill was fed chair and secretary mnuchin give different assessments of the speed of the recovery they also seek to defend their stimulus measures from accusations they are propping up wall street at the expense of main street. Main street is in a class by it self really. Diverse small, medium and Large Companies different credit needs, some credit based, some asset based. It is a really complex undertaking. A warm welcome to the program. Lets kick off with the top corporate story. Marks and spencer has reported more than 20 decline. The company added that it with also accelerate a restructuring effort aimed at trimming costs during the pandemic. Lets get to steve who joins us outside an m and s store in london theyve been struggling to restructure for years now. Is it going to be different this time around . I hope so a lot of us have an historical knowledge of
The Video Conference hosted by the group vocus on Rural America. Thank you for joining us today. Tos is a different approach a press event for me and i think for most everybody that is going to participate this morning. Out,e eager to try this ,nd hope if we make a mistake muting you again, please forgive us. I will introduce the speakers as we go and we will hold the questions until the end. Our communication director is running the news button and the chat sidebar on zoom, so if you have any questions, please just namea note there with your and she will call on you. You are final call for questions at the end. As you know, our country and the world are grappling with this ongoing coronavirus pandemic, and i sincerely hope that you and your loved ones are safe and , and thatgetting by you are practicing social distancing and taking necessary precautions. We do appreciate you making time for us today to do this event. I am in Monroe County and the southern part of the state and i ed he
Employed workers can apply for benefits in many states. It looks like the actual peak in new unemployment claims may have occurred at the end of march and beginning of april. But that is cold comfort when you are still having millions of people applying every week. We will taking out to the governor with that News Conference this afternoon. My friend the governor of illinois, 21 out of the 24 largest student loan servicers in the state of california have agreed to a 90 day forbearance on Student Loan Debt impacting over 1. 1 million californians with loan debt. No burden now placed on them over the next 90 days. No impact to their credit rating, no late fees or fines and actual support in terms of getting new payment plans in place for future processing. I want to again congratulate jb on his leadership organizing this framework of profoundly important to student loan borrowers in the state of california. I want to applaud 21 of those 24 service loan providers or servicers for their wi
Pandemic. Here in the bay area, there were more than 6900 cases and 239 deaths. And yesterday, the governor said more testing needs to be done until we considered lifting the shelter in place. The governor is about to speak. Lead by the extraordinary leadership, the by approximate the governor of illinois. 21 out of the 24 largest student loan servicers in the state of california have agreed to a 90day foreperson on student loan debt. Impacting over 1. 1 californians with loan debt. No burden now placed on them over the next 90 days. No impact to their credit rating. No late fees or fines and actual support on terms of getting new payment plans in place for future process. I want to the 24 or 24 23 or 24 service for their willingness to step out and help support those that are struggling to pay their student loan debts. The second debt announcement we wanted to make is in relationship to the cares act. Many of you have received checks from the cares act. Some individuals received 1200
This event. This is an hour and 10 minutes. Hello, everyone. Thank you for joining us here today. This is a very different for meh to a press event and, i think, for most everybody that is going to participate this morning, but we are eager out. Y this [indiscernible] please forgive us. We will keep you on mute during the presentation. [indiscernible] as we go and we will hold the questions to the end. [indiscernible] if you have any questions, please just send her a note and she will call on you during the questionandanswer session. Cannotare audio only and access our chat, please hold to the end and we will do a final call for questions at that time. As you know, our country and the world are grappling with the ongoing coronavirus pandemic. I sincerely hope that you and your loved ones are safe and , that youetting by are practicing social distancing and taking necessary precautions. We do appreciate you taking time for us today to do this event. Im in a rural town in Monroe County i