As they bear the weight of the covert 1000 pandemic will take you there with a packed show today so lets go and dive right in. Hundreds of lawmakers from around the world on wednesday called on the International Monetary fund and world bank to cancel massive amounts of debt to the worlds poorest countries due to the coronavirus pandemic now in a letter put together by former u. S. President ial candidate senator Bernie Sanders more than 300. 00 legislators also urged the organization to increase funding to avoid a greater economic downturn now widespread lockdowns and stay at home orders have devastated the Global Economy in recent months with poor nations feeling the brunt of having to deal with both a Public Health and Economic Crises at the same time now in a press release announcing the initiative senator sanders said canceling the debt is the very least that the world bank i. M. F. And other International Financial institutions should do to prevent and unimagined. Increase in pove
This is boom bust the one business show you cant afford to miss more in washington coming up Economic Growth numbers are out for the 1st quarter of 2020 is taking a hit due to the ongoing pandemic weve expert analysis on hand to break down the state of the economy plus the Airline Industry could be facing a grim future as a pandemic has created turbulence 1st sales will take a look at the performance of the sector with a packed show today so lets dive right in. And the United States economy declined by 4. 8 percent in the 1st quarter of 2020 according to data released by the u. S. Commerce Department Wednesday while contraction was expected a survey of economists by dow jones had estimated g. D. P. Would only fall by 3. 5 percent for the quarter Consumer Spending dropped by 7. 6 percent for the 1st quarter as not essential businesses across the nation have been closed due to the. Coronavirus pandemic now exports fell by 8. 7 percent imports to the us withered up by 15. 3 percent now th
Sectors what told with these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about it were duction in the volume of about 10000000. 00 Barrels Per Day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understand that we can talk about a reduction from the level of production that prevailed before the crisis so far this year all prices on major. Benchmarks brant crude in west texas intermediate have been cut in half due to the crowbars pandemic and the ongoing price war. And as the number of cases
Later with the drop in commerce the globe over jobs have been slashed in several sectors what toll with these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about a reduction in the volume of about 10000000. 00 Barrels Per Day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understand that we can talk about a reduction from the level of production that prevailed. Before the crisis so far this year oral prices on major benchmarks brant crude in west texas intermediate have been cut in half due
Locked out just what impact are the measures having we break down some recent info from google and what we now know about how people are reacting to the shutdown and later with the drop in commerce the globe over jobs have been slashed in several sectors what toll with these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about it were duction in the volume of about 10000000. Errols per day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understands that we can talk about a reduction from the l