A packed show today so lets dive in. And the eurozone economy is doing worse than initially expected facing a recession as bad as the European Central banks worst Case Scenario according to e. C. B. President Christine Legarde now economic output in the block is set to contract between 8 and 12 percent this year old guard pointed out a previous estimates of the milder downturn are now out of date the e. C. B. Will release official projections for Economic Growth and inflation in the block and next week meanwhile the European Union on wednesday proposed a 750000000000 euro recovery package to help Member States deal with the recession brought forward by the ongoing coronavirus pandemic president of the European Commission spoke about the situation. The aim must be to invest together and our common good we will be bold by raising president amounts of funding at european level we will be focused channeling. The funding to the new priorities that will shape the future. And to achieve this
Storm is also jeapordizing of the coronavirus response. And the likes of lionel messi are back in Team Training top european football leagues want to follow the lead of Germanys Bundesliga by kicking off their own action after 2 months on the sidelines. Im Claire Richardson welcome to the show the world of cut its daily Carbon Dioxide emissions by 17 percent at the peak of the pandemic shutdown last month a new study shows a huge reduction in global Greenhouse Gases for the moment lockdowns kept people home in places like california in the u. S. Where for a time of the roads were almost empty and the skies clearer than theyve been in years for a week in april the United States cut its Carbon Dioxide levels by about one 3rd the study says the worlds biggest emitter china sliced its Carbon Pollution by about a quarter. Well im joined by Robert Jackson he is a professor of earth system science at Stanford University in california and he is one of the authors of this study professor jackso
Administration aimed at the World Health Organization white house Officials Say that allows the corona Virus Outbreak to become a global killer over 100. 00 countries are now backing an investigation into health. And damage 1st weeks ill ask. What she thinks. Im off its good to have you with us half a trillion euros to help europe weather the worst crisis in decades as german chancellor Angela Merkel and french president. Have outlined a joint plan to speed europes economic recovery from the pandemic now it calls for a rescue fund to boost hard hit sectors of the economy and in a 1st chancellor merkel has ended her long standing resistance to the e. U. Raising joint debt to fund relief. Its Wishful Thinking to hope europes economies could bounce back as easily as these provisions after months under lockdown even before the e. U. Commission presents its aid package berlin and paris are rushing through a joint initiative for economic recovery in a bid to put this crippling face behind th
Front. Showing millions of jobs lost. Well see more with the jobless claim number and tomorrow with the number from the government dow looks to be up 260 s p up by 34 and nasdaq up by 118. We are getting competing views jobless numbers we know are bad. Then you see oil prices that tell you where things may be headed prices may be up again gain of 7. 3 this shows you maybe things are starting to pick up around the globe. Maybe that demand is coming back that may be something to hang your hat on. Andrew thank you we have a huge lineup of guests. Secretary of state mike pompeo will join us to discuss relations with china former ceo of Goldman Sachs about the outlook of the economy and the ceo of paypal and also talking to the ceo of hilton and aflac ceo will join us and our media guru from lion tree hard to think we are going to pack it all in in three tiny hours. That means no screwing around at all today is what i think go for it then. Three hours time for everything. With err going to
A country out of its economic spiral. And put Us Birthday Party has been postponed will suffer the South Koreans will have to wait until next month to celebrate. The sport paris man is set to be crowned champions in france is the Domestic League season is cancelled. Just 1500 hours g. M. T. Will start this news in the United States where the economic numbers just keep getting worse the u. S. Labor department has released yet another bleak unemployment report more than 3800000 americans filed for benefits in just the past week taking the total number of jobless to more than 30000000. 00 over the last 6 weeks the Unemployment Rate hold it around 3 and a half percent between december and february but in my. Watch it jumps to a 2 and a half year high of 4. 4 percent thats roughly more than 7000000 people the state governments now begin to restart their economies the easing lockdown measures all the hoff of the 50 states including florida or partially reopened by the end of this week as the