Place in the philippines accused of human rights abuses as they enforce strict coronavirus measures and the outgoing void to me in. Chief for failing to protect muslims im joining us with sports including more doubts around the term care limp exist japans Prime Minister says it wont be possible to host the games unless the coronavirus is contained. Just 2 weeks ago the world learned were on track for the worst recession in nearly 100 years coronavirus pandemic may wipe 9 trillion dollars from the Global Economy well now countries around the world seeing that stark reality play out on their own balance sheet. The Worlds Largest economy for example the United States well its shrunk by nearly 5 percent since the start of the year thats the largest drop since late 2008 and nearly a full percent more than expected well germany europes economic powerhouse is expected to plunge into its deepest recession in 50 years new numbers released by the government have the countrys g. D. P. Shrinking b
Saudi arabias all revenues 24 percent in 3 months as the pandemic drains demand protect the Children Charities sound the alarm about child abuse during long downs. The Economic Impact of the coronavirus pandemic continues to reveal itself in the last few hours the Worlds Largest economy the us reported a 1st quarter g. D. P. Loss of nearly 5 percent thats the worst result since the 2008 financial crisis airplane make a boeing suffered a 640000000. 00 loss in the 1st quarter. Also reported a loss of half a 1000000000. 00 lets cross over now to our White House Correspondent Kimberly Halkett so pretty grim figures for the 1st quarter and apparently theyre expected to get worse Going Forward right. Thats right because this really takes into account the reflection of when the stay at home order started in march but not so much for january and february so there is an expectation that the next quarter is going to be nothing short of horrific in terms of those numbers projected to be almost Gr
Special rapporteur for man mark pulls out the nations leader aung sun so much. Of the continued persecution of Rohingya Muslims. The Economic Impact of the coronavirus pandemic continues to reveal itself in the last few hours the Worlds Largest economy the us reported a 1st quarter g. D. P. Loss of nearly 5 percent thats worst thats the worst result since the 2008 financial crisis airplane make a boeing suffered a 640000000. 00 loss in the 1st quarter an abcess was also reported a loss of half a 1000000000. 00 we have 2 correspondents covering these developments john hendren is standing by for us in chicago to tell us more about the flaws of the Aviation Industry but 1st lets go to a white house forest correspondent kimberly hellcats. Kimberly these quarter one g. D. P. Figures today suggest that the slowdown was beginning before the lockdown began. Yeah you know theres no question that there is a suggestion of that but well there were stay at home or is going into effect at the tail e
And farewell to an icon of both bollywood and hollywoods a fun car and dies at the age of 53. 00. Its still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy being impacted the Worlds Largest economy the United States is wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least 600000000. 00 while european rival airbus says that it lost more than half a 1000000000. 00 in the 1st quarter of 2. Europes largest economy will have the worst year since the end of the 2nd world war germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop in quarter to compare those figures with what we heard from china 2 weeks ago a near 70 percent decline and historic drop in performance compared to the same period last year out of there as john hendren has been following
Wish we were together again. So the word unprecedented is getting quite a workout over the past month or so. Jack, it certainly applies to what was happening in the Energy Market over the past week. Right at the start of the week the Energy Markets you know what . Lets get weird. I know you think youve seen weird, but how does 37 sound on a barrel of crude oil . Does that mean i can go to a gas station, theyll pea me to if fill up the car . Thats not what it means. In the futures market, each contract has to do with a specific type of Oil Delivered to a specific place at a specific time, and on april 20th when that may west texas intermediate contract came due, you better have had a pipeline and storage tank willing to accept your oil in oklahoma or you got closed with next to zero liquidity. Most people didnt have it, so so we had prices go sharply negative. Now jack if you have a boat that holds oil, thats a nice thing. Funny you mentioned that because on my street wise podcast for b