Still having the same conversations around ppe. And while those challenges still exist, i want to point out some information that was not accurate that i stated at the last press Conference Regarding fema. In particular, the information we were given by one of our sources that we were purchasing ppe from, and third party, basically provided us that information when we had anticipated the ppe to come to our location. We were preparing to purchase it and the excuse that we gave, that we were beyond frustrated with, was that these materials were diverted to some place else and confiscated by fema. As a result, that was along with a number of other challenges that exist and that was one that i was particularly frustrated with, else in light of the fact that we are working with fema are on our thoug hotels and food delivery. This was just very frustrating. We found out when the director of fema here in San Francisco reached out to our office to make it clear, that not only was this not true
Federal agencies. Order your copy online today at cspanstore. Org. Journal. Your questions and comments about the pandemic start now. The economicent of impact this pandemic has had on our country including a record job loss. Unemployment at its highest rate since the great depression. A decade of Economic Growth wiped away in a single month. Friday, may 8, we welcome the you to this addition of washington journal primetime edition of washington journal primetime. Michaele will talk to boston. But, we talk first to nancy pelosi. Good friday evening. And you are for being with us. We begin with the numbers courtesy of Johns Hopkins university. Worldwide, 3. 9 million confirmed cases of covid19. Globally, 270 4000. Here in the u. S. , the death toll 1. 2surpassed 77,000 with million confirmed cases. Up next, our conversation with House Speaker nancy pelosi. Seen theaker, we have shortterm changes to congress during the pandemic but im wondering if you think this will result in any fundam
Would be the worst single month of job loss and the pace of the academic has shown signs of easing that it could be many more months before the labor market returns to a point where employers add jobs and will take years for the economy to fully replace the jobs lost in the month of april. This is marking a sharp civet from a few months ago when the economy was putting out hundreds of thousands of new jobs. The labor and Economic Policy for the wall street journal, he is joining us live on the phone. Thank you for being with us. Not only 20. 5 million jobs lost in april but overall, 33 million jobs. How does the economy begin to recover and at what pace . Eric i think it will be a slow process. At this point, we are talking about layoffs slowing. This wiped out a record of job gains in a single month. We wont see that type of shock again but we will see another month or so of layoffs before we even kind of start hitting the bottom. Host so Many Industries hit hard, but the hospitality,
What happens after yesterdays big move the dow down yesterday by 2. 1 the dows worst performance going back to may 1. A lot of this was happening as we were getting comments not only from Stan Drunkenmiller and dave tepper talking about his concerns about this being the second most overvalued market he had ever seen. Comments from fed chairman jay powell all of those things adding up saying what do we need to worry about and where do we need to be concerned . Watching the treasury markets, you will see the yield for the 10year right around 0. 61 so that is with a little more pressure. Watching wti this morning, you will see that is up about 5 i think it is 2r5iding near session highs of 26 a barrel. Andrew thank you. Every day, we have a huge show another big one this morning what is on the lineup this morning. The ceo of verizon, New York Times, mohammad eleran to join us and eric schmidt who will be working with the governor of new york states and work places looking to him and that
We actually extended the deadline for fees, as well. We provided resources for paid sick leave so businesses can extend paid sick leave payments to their employees. We provided grants and loan opportunities with no interest and flexible repayment schedules. We have also provided arts grants for so many of our artists who rely on performances and other events in order to take care of themselves. As someone who not only loves San Francisco, but as someone who uses so many of our Small Businesses, whether it is the drycleaner that i have been going to since i could afford a drycleaner, or the person who does my hair or my nails or the musicians that play at the lounges and restaurants that i love to go to all over the city all of these very unique businesses are what matters to the people of this city. They are part of the fabric of our city. And i want to make sure that as we propose more funding and more support on the local level, that we are connecting to the people who need these res