And Boris Johnson out there clapping for carers britains streets are filled with the falls right night for the National Health Service Workers. For the economic devastation caused by the krona virus is becoming clearer with the u. S. Announcing a major rise in the Unemployment Rates a record 6600000 americans a point for Unemployment Benefits for the 1st time in the past week thats 3000000 more than the week before some 10000000 people in total in the u. S. Still benefits in march there was a similar story over in spain the locked down there has cause more than 800000 redundancies last month many of them Seasonal Workers such as those in the hard hit Tourism Industry and 3 and a half 1000000 spaniards dont have a job or toll and the number of british people applying for government benefits is 10 times higher than normal almost a 1000000 brits claimed universal credit in the last c. Weeks and thats despite a stimulus package aimed at preventing layoffs well lets get more now on the situ
In a typical city or town, on a typical residential street, we find a typical home occupied by a typical american family. Like millions of his fellow americans, john q public earns enough money to keep up the payments on his new car. He takes great pride in owning a fine, new long term mortgage home that was built alive last a lifetime. Mrs. John q public no longer finds housework fatiguing. Thanks to a host of labor saving devices, including her husband. Mr. Jiang q, because of a 40 hour week has the leisure to dream about his favorite sport. Darling . Oftentimes, in a secluded corner in his private then, john q reflects on some of the Better Things he has done with his life. Insurance to protect his family if he is called before his time. Money into savings account for emergencies. For summer vacations. And to help with john cube junior through college. And spite of the high cost of being a husband and father john q has a private little nest egg. His practical nature says how to do m
And Boris Johnson clapping for british streets filled with applause for the National Health service workers. The economic devastation caused by the coronavirus is becoming clearer, the u. S. Announcing a major rise in the unemployment rate. A record 6. 6 million americans applied for unemployment and if its for the first time in the past week. That is 3 million more than the week before. 10 Million People in total in the u. S. Sought benefits in march. It was a similar story in spain. The lucked out there has caused more than 800,000 redundancies the lockdown there has caused more than 800,000 redundancies, many Seasonal Workers as the coronavirus hits the tourism industry. Many spaniards dont have a job at all. The number of people applying for government benefits is 10 times higher than normal. Britt claimed universal credits in the last two weeks despite to chromium despite a stimulus package aimed at preventing layoffs. Lets get more of the situation in the u. S. Our correspondent
Biggest gain ever when it comes to wti in terms of percentage. We are losing steam there. We are not seeing a whole lot of movement here today. The offshore is slightly weaker. It does not seem like theres a whole lot of patterns you can actually string together here now that we are excluding japan. Ending the week back to where we started. Tom weve had another downgrade, another cut to forecast growth. Malaysia cutting its 2020 gdp growth estimates to 2 . A contraction of 2 . They are cutting their estimate to 2 on the coronavirus pandemic. Morgan stanley have upgraded malaysian equities. We will speak to Jonathan Gardner later in the show. We can has kim about the applications of that. Another grant outlook for malaysia. Worldwide cases of the coronavirus have reached more than one million infections and counting. Our chief north asia correspondent joins us on the line from hong kong. This is indeed a bleak milestone. Stephen thats right. Total673 is the latest were getting from the
A very good friday morning we do have that lower deck. To you. Im laura garcia. And im marcus washington. An earlier crash, a tow truck well get to your traffic and weather in just a bit. And crews there. Three out of your five lanes are first lets look at the headlines. Closed. Two lanes are still open and at the stroke of midnight a few lighter traffic is able to still hours ago banks began accepting get by. Loan applications from small youll find slowing there mid businesses that comes from the 2 trillion stimulus package. Span. No delay so you can use the bridge eastbound as an speaking of which were alternate. Back to you. Getting a clearer picture when thank you, mike. Americans will start getting coming up next on today in their stimulus checks and the the bay we speak to the wait for some may be months. Archbishop of the Catholic Church in San Francisco this well dive deeper into the morning. The changes the church is headlines. First a check of the forecast with meteorologist