While still trying to feed their families back home. Soledad im soledad obrien. Welcome to matter of fact. The number of coronavirus cases in the United States spiked, quickly topping 3 million, but this isnt a new wave. Dr. Anthony fauci warned this surge is still part of our first battle with virus. So what happens if the country does not get covid19 under control . Historians urged us to take the long view. Reminding us of another time, and another pandemic. In which warnings that were of death. Special contributor joy chan on those lessons from history. Joie the year was 1918. The world was at war. Joie a silent threat loomed at home. And yet the band played on. America entered the great war a year earlier. With patriotism at a fever pitch. Everbody was supposed to contribute to the cause. Thats right. We have to remember that america, in 1917, was really a nation going to war. And they were going to war with a very profound propaganda campaign. Joie Kenneth C Davis wrote the dont
Program,ve callin washington journal. Heidi shierholz, former chief economist at the u. S. Department of labor earned the Obama Administration from 2013 to 2017. Now with the Economic Policy institute. Thank you for joining us this morning. Thanks for having me. Host wanted to talk about the impact of the pandemic on workers. What do you see . Its pretty grim. Its really bad right now. So as of mid april, the official Unemployment Rate had jumped to 14. 7 . But because of some misclassification and undercounting of people who had lost their jobs as a result of the virus, i think that a more accurate description of where we were in mid april is more like a 23. 5 Unemployment Rate. And weve had another five weeks of deterioration since then so its pretty grim. Really sachs which has a good Economics Research shop, they are forecasting that the Unemployment Rate average 30 in may and june. So its going to get worse before it gets better. Its pretty grim for workers out there right now. Ho
2027488000. Mountain and pacific, 2027488001. You can also send us a text at 2027488003. You can also post to twitter and facebook. With thoseis morning numbers courtesy of Johns Hopkins university. The total number of confirmed cases in this country approaching 1. 7 million. On the right side of the screen, there is that figure, the death 98,929, 98,000 929. Nearly 100 thousand americans have died. A special pullout on the usa today, these are 100 people out of the 100,000 americans who have died from the coronavirus. Different ages, races, and backgrounds they point out. The next 100 days could define a new era, right usa today. It did not take longer than 100 days for the virus to claim the lives of nearly 100,000 americans. Thenimaginable toll, since first person in the u. S. Died from covid19, which is thought to have been february 6 in california. Borne out by the diminished rates of new infections and deaths in may is not enough to keep the u. S. From reaching that grim mileston
Shierholz, former chief economist at the u. S. Department of labor earned the Obama Administration from 2013 to 2017. Now with the Economic Policy institute. Thank you for joining us this morning. Thanks for having me. Host wanted to talk about the impact of the pandemic on workers. What do you see . Its pretty grim. Its really bad right now. So as of mid april, the official Unemployment Rate had jumped to 14. 7 . But because of some misclassification and undercounting of people who had lost their jobs as a result of the virus, i think that a more accurate description of where we were in mid april is more like a 23. 5 Unemployment Rate. And weve had another five weeks of deterioration since then so its pretty grim. Really sachs which has a good Economics Research shop, they are forecasting that the Unemployment Rate average 30 in may and june. So its going to get worse before it gets better. Its pretty grim for workers out there right now. Host phone numbers at the bottom of the screen
Taylor really seeing some big gains on the s p 500. This is the second straight monday where we have seen big gains. All of the monday before that going to march 2 posting big losses, so a relief that you are seeing some gains come in. Small caps are doing the best. This is a barometer of the u. S. Economy. Some hope, given new york city fatalities have perhaps started to level out, that the economy can get running again. There is some hope in the russell 2000. The riskiest of all sectors, the stocks index, many of the chipmakers get the revenue from china, also the biggest performer of them all. Take a look at the vix. 44 handle. This is the lowest going back to march 6. Finally, i want to look at some of the individual stocks moving today. A lot going on underneath the mes. Carnival is up 26 after a Saudi Investment Fund revealed a stake in the company. Ulta beauty rising 26 , added to jpmorgans focus list. Ulta beauty is one that jpmorgan is liking today. Nvidia, chipmaking stocks r