Can World Airlines survive coronavirus almost all flights have been grounded thousands of aircraft and multiple governments are now promising bailouts to keep the industry in the skies that will that be enough this is inside story. Hello and welcome to the program on peace adobe will leaders are being forced to take drastic emergency measures to confront the worsening Coronavirus Crisis that meant to keep people alive but they are killing the Global Economy with lockdowns in place around the world millions of people are being laid off Tourism Industries are already critical Consumer Spending has crashed so to stock markets and oil prices billions of dollars worth of perishable products have also been destroyed but few industries have been hit as hard as the aviation world the International Air transport association i oughta says the industry stands to lose more than 250000000000. 00 in revenue this year and thats assuming things recover in 3 months singapore emirates and Turkish Airlin
Going on the president announces a travel ban but the lack in detail and large scale coordination is rattling the markets on the legislative side, theres little agreement on how u to move forward on any relief and just this afternoon, the fed announced a massive injection of liquidity into the market. It briefly shocked stocks higher but now weve drifted back down towards the lows o the day a number of big interviews this afternoon. Jack lew on the economic response cmes ceo, terror ki duffey on ty and ben is the former ceo of sprint currently sits on board of jet blue hell join us to discuss the pain thats being felt in the travel sector, and zoe, does it hurt we are all over this massive market sell off. Charlie from Ariel Investments is with us for the hoyer hour. Meg is tracking all the new details on this coronavirus outbreak and elan is in washington with the latest on the house stimulus vote. First, the new york fed just announcing that massive liquidity injection. Cnbcs senior
Place but think sense most businesses are closed and people have been cooped up in their homes local parks become a big draw that in turn forces more people to come together. I think social distancing is. Hopefully i can imagine the slot but at the same time york reading a lot of situations where a lot of people watch from the are the spots like these and then not to miss one or is this actually working or in county Health Officials have been urging people to not travel outside of their community. This picture shows cars lining the streets of coastal marine as the area saw an influx of visitors signs with in local parks echo keeping a safe distance from others during the shelter in place Kristin Oliver says her family is following the its not a hard and all the space to be 6 feet away but not for the most part everybody seems to be respecting that. Despite the signs warning of a full want inside of this park, it seemed there was plenty of room to enjoy. Parkour say police might be tryi
The left column, a lot of those names in the green. Banking names as well. The rest of the region still seeing a lot of pressure. The split is tilted towards more downside. In terms of the sector groups as well, the similar to what we have seen. Youre getting a lot of upside in names like resources, banks, financials are seeing pressure overall. Down for a sixth straight session. 25 from the peak a couple of eci weeks ago. Yvonne back from the slopes. And back in hong kong. Steve, we have been talking about that pivot from President Trump. Painting a dire outlook on this outbreak in the u. S. Why . Wasell, i hope that he looking at the data and also seeing what other, even local news abilities are doing in the United States, cites and states aswell cities and well those in europe and they are taking this very seriously. And donald trump says it is bad. He repeated that. Its bad, its bad. He said this could last until august or even later. Hes calling it an invisible lining. Yo enemy. Y
Explain details on what it means grant type am one thing to be clear on here this new order does not mean that the bay areas going to be under a lockdown for the next 3 weeks with everyone. Stuck in hall the legal order only limits activity travel and business functions to what they call essential needs so what is an essential need right you will still be able to go buy groceries. You can go pick up prescriptions you can put gas in your car. All of those businesses as well as banks, well be staying open city and county Government Services like police fire hospitals a lobby open trash will still get picked up Public Transportation will be running. Also Mail Services will go on plumbers electricians will still be working Hardware Stores and laundromats stay open oaklands mayor libby schaff added that the shelterinplace order should give everybody a chance to look after one another. We also encourage you to go out doors and utilize our parks just keep a healthy distance from other people.