Rooms have been converted into makeshift hospitals. Oil producing countries trying to negotiate a truce save a market share through global collapse to demand. A 2 week a ceasefire comes into effect in yemen say they wont stop fighting other countries still in the sea. And hundreds of millions of children desperately needing food you look at the difficulties for aid during the pandemic. So the damage to the worlds biggest economy from the coronavirus shutdown is really hitting home in the past week another 6600000 americans have joined the jobless queue and that means nearly 17000000 americans have now filed for Unemployment Benefits in just 3 weeks thats one in 10 workers and the affairs of figures could be even worse lets bring in our White House Correspondent Kimberly Halkett in washington d. C. And kimberly in just a matter of weeks 17000000 people out of work and its probably more. Yeah youre absolutely right nothing like this seen in modern history and it is expected to be more be
Another 6600000 people in the u. S. Filed for Unemployment Benefits just last week that means 10 percent of the countrys workforce nearly 17000000 is now unemployed because of the fallout from the pandemic for more on this spring in our White House Correspondent Kimberly Halkett in washington d. C. And so kimberly these numbers put another huge strain on the economy. Huge strain on the economy and we hear that the numbers are only going to continue to get worse this is the 3rd consecutive week of massive job losses in the United States but what were told is that really could be in the 10s of millions even up to 46000000 people when all of these claims are filed the reason that we dont have those numbers now is that the states and employment offices are overwhelmed of people simply cant get in there to file the claims they cant get through on the telephone they cant even seem to file on live so we expect this number to continue to climb and its across all sectors were seeing the Hospita
Time. How much more can this market take before there is longterm effects on the economy . Thank you. Market does short run corrections. About 10 or 11 or something. Weve been through this many times before. I dont think, even though it is a frontpage story and no one likes to see their asset values go down, i just dont think, at this point, it will have much of an impact. , how longlify that this lasts,. How long this lasts, it depends on how deep it goes. I will remember i remember i was a reagan cub scout and i remember the 1987 market crash and president reagan saying the economy is fundamentally sound and the economy grew by 3 or 4 after the crash. I think President Trump said it in this room two nights ago, we just think the economy is sound. Therefore, i dont think this shortterm stock market plunge will have any longterm effect. [indiscernible] not at the moment. If you had a friend that was thinking about going to china, what would you tell them . Stay home. What effect do you
We could even help you with homeowners. Oh not again surrendered by active cleanup sites. This is the school right here. You can see these five oh, thanks locations. One, two, three, four, five. You know automated lights are just the beginning. This one right here is two blocks away, at a metal pretty soon theyre gonna have eyes. Finishing company. State regulators say tce is a everywhere. Potential contaminate at each of well goodnight. These sites. On top of those, state records geico. Show a few additional sites over 75 years of savings and service. Nearby could be contaminated by other chemicals. The search is over for the while the middleclass continues to struggle. Mountain lion on the peninsula. The big cat was caught and thats what happens when billionaires are able killed by fish and wildlife to control the political system. Crews. Our campaign is funded the Mountain Lion attack add by the working people of this country, young girl last sunday at the and those are the people t
Policy conference. I am the director of the i amrch center and delighted to introduce the chairman and vice chair of the white House Counsel of Economic Advisors. In preparing for this session, i have a foundational commonality. He is originally from sweden. , am originally from minnesota the land of american swedes. Close enough. Currently on leave from the university of chicago, where he is a professor of public directs thees and program on Foundational Research and Health Care Markets and policies within the Health Economic initiatives. Severald in publicsector positions, including his role as Senior Advisor to the head of the food and Drug Administration and as the senior Economic Advisor to the head of the centers for medicare and medicaid services. He also served as the Health Care Advisor for senator john mccain during his president ial campaign. Thank you so much for joining us today. Start, it says on wikipedia that the chairman writes all 300 pages. If you would, please take