U. S. Unemployment about 20 , nearing the 25 we saw during the great depression. The house is set to vote any minute now on this additional relief package that would release 300 billion in funds for Small Businesses. I want to bring in taylor riggs. I want to start with this news out of gilead. Having the s p 500 was some strong gains right out of the gate and then it dipped into negative territory two or three times the lot of the volatility and the weakness coming off the headline we got. It was a Financial Times seen the that they had who accidentally leaked results from a chinese trial. The drug failed to show a positive result. From thely removed it website but the damage was already done. Gilead came out and said the study of the results accidentally published were mischaracterized. The trial had to stop because not enough patients could be found. The results are inconclusive. Damage to gilead scientists and damage to the rest of the market had already been done. It shows you how
Definitely not what the doctor ordered madagascars president and the herbal remedy that could put his people at risk. To suspected members of the syrian president s Security Forces go on trial in germany on torture charges. Hello thanks for joining us new figures released in the u. S. Paint a picture of an economy devastated by the coronavirus in just 5 weeks all the jobs created since the end of the 2009 recession have been wiped out so take a look at the numbers last week another 4400000 americans filed for Unemployment Benefits its the 3rd week that number of new claims has declined a sign the worst of the shock may be over but this is what it means a record 26400000 americans have now lost their job since the end of march thats when lockdowns shut down production and led to mass stuff for a lowes thats more than 15 percent of the entire u. S. Workforce are White House Correspondent kimberly begins our coverage record highs and expected to keep climbing because the reason we dont be
Today. No reports of injuries. Stay at home orders remain in effect, and the contagion continues to worsen. As of this hour the chinese coronavirus labeled covid19 has affected 856,000 americans and killed 47,000 more. This as the Left Wing National Media once again pushing headlines that dont match stories. The Financial Times using leaked data from the World Health Organization to report that gileads drug remdesivir flopped in its first trial. The headline had investigators selling on wall street until gilead pointed out that study was terminated because it had low enrollment. And as such the study is simply inconclusive. Well have much more on this study. Also the latest developments in the fight against the virus later in the broadcast. There are breaking developments on capitol hill where house lawmakers are voting on a 484 million rescue bill to help Small Businesses to provide more money for hospitals and testing. The bills passage bringing Congress Response to nearly 3 trillion
Yesterday there was no Task Force Briefing and none is scheduled for today. Now thursdays briefing. Paycheck Protection Program and Health Care Enhancement act. Im grateful the congress is delivering these additional 320 billion dollars in relay for the American Worker and for Small Businesses. Time Many Americans are enduring significant canonic talent is. This bill will help Small Businesses keep millions of workers on the payroll. You see states starting to open up now and it is very exciting to see, aweinspiring. The are coming out of it and we are coming out of it well. And we are really, im very happy, the governors really have been doing a really good job, working with us, and it is pretty impressive to see. I have spoken to numerous leaders of countries over the last 48 hours. They are saying we are leading the way. Harvard andeased stanford and princeton and numerous other universities and businesses, large have sent funds back to us and in some cases i stopped funds that i lo
One tornado hit parts of georgia today. No reports of injuries. Stay at home orders remain in effect, and the contagion continues to worsen. As of this hour the chinese coronavirus labeled covid19 has affected 856,000 americans and killed 47,000 more. This as the Left Wing National Media once again pushing headlines that dont match stories. The Financial Times using leaked data from the World Health Organization to report that gileads drug remdesivir flopped in its first trial. The headline had investigators selling on wall street until gilead pointed out that study was terminated because it had low enrollment. And as such the study is simply inconclusive. Well have much more on this study. Also the latest developments in the fight against the virus later in the broadcast. There are breaking developments on capitol hill where house lawmakers are voting on a 484 million rescue bill to help Small Businesses to provide more money for hospitals and testing. The bills passage bringing Congr