Economists believe this is really just the tip of the iceberg with probably millions of layoffs still to come. On monday the first big wave hit the Retail Sector with macys, kohls and gaps announcing they would furlough tens of thousands of mows. The closure of stores to prevent the spread to have virus has taken a heavy toll on its business. And President Trump had to give up on his hope expressed just a week ago that the u. S. Could be opened up by easter. Hes now saying the company will have to keep practicing social distancing for the entire month of april, and he add added that we should prepare for a very painful two weeks ahead. Meantime, his top medical advisers warn that up to 240,000 americans could die from this disease even with current Safety Measures in place. On wall street stocks ended their worst First Quarter ever. The dow lost 23 , thats the biggest quarterly decline since the quarter of the black monday market crash of 1987. And the New York Stock Exchange floor rem
A closer look here at this nation some 580 americans have now died due to complications from the virus now in an effort to fight those rising numbers here in this country the u. S. National guard has been activated in new york california and Washington State and almost half of all the u. S. Cases are all in new york state. Here in the nations capitol republicans and democrats are still clashing in the senate over the coronavirus rescue bill and fronsac is joining us now shes been following the fireworks coming out of capitol hill all day again so very what can you tell us some and all of there is some growing 1 optimism now from the key negotiators of this deal as this relief bill is now going into phase 3 now after the bill failed to pass sunday night and again monday night before treasury secretary Stephen Minucci and Senate Minority leader Chuck Schumer left capitol hill last night the 2 thought that there were just a few details left to resolve and they were hopeful that the senate
Not too far behind at 48000 now taking a closer look at the numbers here in this nation some 580 americans have now died due to complications with the virus so in an effort to fight the rising numbers of cases here in this country the u. S. National guard has been activated in new york california and Washington State almost half of all the u. S. Cases are all in new york alone and here in the Nations Capital republicans and democrats are still clashing over the senate bill on the coronavirus rescue bill brauns out is joining us hes been following the the clash coming out of capitol hill so where does it look like theres any chance that the senates going to vote on this anytime soon unfortunately manila actually doesnt look that way there is some growing optimism though from the key negotiators of this deal as this relief bill is now going into phase 3 after the bill failed to pass sunday night and then again monday night before treasury secretary Stephen Minucci and Senate Minority lea
Finish on the barrons round table tonight but at a safe distance, ben leveson, carl english and jack howe. Ben, first to you. Lets talk about whats happening in the market right now. In the beginning of the bear market, we had that crazy panic stage, lots of missed pricings. Now things seem to have settled down, investors maybe trying to find what the right prices are . They are. Or at least they, you know, theyre making bets that some kinds of companies are going to have a lot of trouble going ahead, and thats your traditional retailers, airlines, cruise companies. After rallying last week, theyve gotten hit very hard this week. And there are companies that have been winners including Biotech Companies who are working on treatments and vaccines for coronavirus. And theyve done very well. The one strange one is energy which has been among the losers but had a fantastic week because of reports that maybe we could see some production cuts to oil, and that would help drive the price back
Super spreaders of the coronavirus well tell you all about it all right its time to boost your news i. Q. Or its still no deal on the Coronavirus Relief bill a bill that has already failed twice this week and to make matters even more complicated senators are calling it a day and they may not be back in session anytime soon. Has been following the story for days so fair and what more can you tell us so we know House Speaker nancy pelosi she did say that major progress was made republicans did give some things up but democrats they still want more however its been discovered by a high ranking g. O. P. Member that the senate might not even vote on this for about 3 weeks why well next week the senate is. On recess for 2 weeks senator roy blunt stressed that the decision is up to Majority Leader Mitch Mcconnell but he thinks the chamber will go on recess telling the hill quote my guess is we probably dont come in next week and then dont come in the 2 weeks were scheduled but use those 3 we