How hes been getting by in these challenging Economic Times and later in the hour well check in with Healthcare Workers on the frontlines of the covid19 fight to see if the situation here in new york has been improving. So all of that, is coming up. First though our top stories of the day fox Business Team coverage with blake burman following the latest news out of the white house. Lauren simonetti on the markets we begin though with Edward Lawrence live in washington. Edward . Reporter yeah, connell we all know that headline number 20. 5 Million People lost their jobs in april, the Unemployment Rate at 14. 7 , that is the highest recorded Unemployment Rate since 1948 when they were keeping track, and if you dig deeper into these numbers almost half the job losses are coming from Industries Directly related to consumer spending. Retail lost 2. 11 million jobs, leisure and hospitality lost 7. 65 million jobs, Stores Closed , cruise ships docked, hotels not taking reservations in april.
World. That would be wonderful. And lets keep it shut for a couple of years. We cant do that. We cant have the cure be worse than the problem. A vote to advance a massive stimulus package failed again in a party line process. If you dont support the Public Health workers, theres no amount of stimulus. 2 trillion, 3 trillion, 4 trillion that will solve your problem. Prime minister Boris Johnson put the uk on lockdown and gave Police Special powers to arrest and fine people still ignoring advice to keep physical distance. If you dont follow the rules, the police will have the powers to enforce them. The 2020 olympics will likely be postponed. Several countries are saying they will not send teams. This was absolutely the right call. And everyone should follow their lead. The Federal Reserve has unleashed the big bazooka launching an unlimited Asset Purchase Program to mitigate the coronavirus impact. The governor of new york, andrew cuomo, my brother, thank you for coming back to the show
Economy. Thats where well begin this morning. First things first with money correspondent jill schlesinger. And then at a time when all of us are using the internet, we ask our david pogue if the internet can handle all of us logging on at the same time. Thats our cover story. Reporter as more and more americans do their work and take their classes at home, over video, more of them are having problems with the internet. It is almost as though it were buffering, and i hear every third or fourth word, then it would freeze completely, and that would be it. There are a lot of signs that traffic is increasing pretty dramatically, especially during working hours. Reporter as we move our entire lives online, can the internet hold up . Ahead on sunday morning. Pauley and then it is on to the toll all of this is taking on our emotional health. Susan spencer is on the case. The stress, the anxiety, the emotions that are provoked by this crisis are truly significant. As new York Governor Andrew C
Continue to do our partat kron 4 with social distancing here in the studio and of course heth officials want us all to do worldwide there are about 596,000 cases and more than 27,000 deaths. In the United States alone there was a surge of more than 21,000 confirmed cases in the past 24 hours. This came after the us became the country with the highest number of cases tonight. There are more than a 104,000 cases while 1700 people have died. In california. There are more than 4700 k a coronavirus cases and 94 people have died. The Us Navy Ship Mercy with is 100 hospital beds arrived in Southern California today and a somber warning from los angeles today as the city of angels prepares for what is expected to be a significant surge cases of covid 19our kate ronan has the latest on developments there. With 257 new confirmed cases in los angeles today and 5 new deaths la is readying for an even greater pected surge in the coming days, yesterdays would of course have a 50 doubling rate of les
This graph. It tracks the outbreak here in california and you can see in february. The numbers were low Health Experts say thats because there was not as much testing look how the numbers climb today there are more than 4800 confirmed cases and 98 related deaths in california and those numbers are expected to rise as a number of coronavirus cases grows across the bay area and the state continues to go up. We are hearing from medical experts about what will happen and what it needs to happen to flatten out the curve. Cases are expected to grow but just how far up will they go before they finally level out kron fours dan thorn has the story california saw its biggest jump in coronavirus cases friday as almost 800 new cases were reported. As the state climbs towards 4,000 casein total what will it take to turn the tide experts say following publi Health Guidelines and continue to stay separated. California remains one of the states hardest hit by the coronavirus 2 weeks ago the state had