Brutality and coronavirus grips the nation campaigning on the election trail has been forced to take a back seat will the president ial candidates ever hit the road and so their brand of politics to americans before the fall follow the u. S. Election on a. Hello im sam is a than this is counting the cost on aljazeera your weekly look at the world of business and economics this week economies opening up this spike the pandemic as that head towards world war 2 levels could we see austerity or stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making and the pandemic has been particularly devastating for Indigenous People across latin america we look at how theyre fighting back. The fall brutal impact of the coronavirus pandemic was laid bare when britain became the 1st g 20 nation to release Economic Data in the
Caller there are many many millions who are not coming back and some Small Businesses that are struggling an advantage. Airbus flies after boeing sees deliveries drop to the lowest level in six years from from the iata director later in the show. And swinging to the first ever quarterly losses as the lockdowns hit sales. But stores will reopen in most markets in june as it bisdishest a bonus dividend a warm welcome to street signs. Lets kick off with the fresh outlook from the oecd coming out now seeing negative growth of negative 6 and negative if a second corona outbreak occurs. The euro area gdp is forecast at negative 9. 1 in 2020 negative 9. 5 if a second outbreak occurs and the uk negative 11. 5 and negative 14 next year if another outbreak occurs. They have presented two scenarios. One where the virus continues to recede and one where a rapid contagious continues through 2020 and looking at what would happen let me run you through these for 2020 global gdp seen down negative. 6
Burials and grieving families want to stay quiet humans who these are accused of covering up the real scale of the corona Virus Outbreak. And after decades of mystery and conspiracy theories swedens prosecutors name a man they believe killed Prime Minister all of palma in 1906. More than 2 weeks after his death while being arrested george floyd has been buried in a Funeral Service in his hometown of Houston Texas foid was hailed by family and friends as an ordinary man transformed by fate into the cornerstone of a movement floyds killing has triggered protests across the u. S. And around the world against racism and Police Brutality from houston john hendren reports. George floyds tragic journey ended in Houston Cemetery but across the u. S. The movement he inspired continues a montage of demonstrations in floyds name plate is his funeral displays his legacy and inspires a call to action from civil rights leaders god talk to reject it stop. And made him the cornerstone of a movement th
You say to yourself, come on, come on, come on. This monday is the come on where new york city reopens. With that, a better jobs report, and accident of course, the president talking it up. I thought the research over the weekend from Goldman Sachs, j. P. Morgan and the others was just outstanding, putting shade and putting nuance on that jobs report of friday. Jonathan lets be clear. For this market, for the Global Financial community, friday never really ended. It went through the weekend into monday. The equity market continues to rally. We continue to look ahead this week to a Federal Reserve i just wanted to have the payrolls report change the feds approach to the News Conference this week, tom. Tom maybe a little bit of nuance to it, but i really dont think it plays in all that much. You ught it was great, come down, and the amount off they calculate it roughly of 15 recovery in the labor economy. I dont think thats enough to have vice chairman turn to chairman sandowl say change
This is counting the cost on aljazeera your weekly look at the world of business and economics this week economies opening up this spike the pandemic as they head towards world war 2 levels could reseal stare at the all stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making. The pandemic has been particularly devastating for Indigenous People across latin america we look at how theyre fighting back. Over full brutal impact of the coronavirus pandemic was laid bare when britain became the 1st g 20 nation to release Economic Data in the 1st 4 months of the lock down the economy tanked a staggering 20 percent in april britain is heading towards the worst recession in 300 years the consequences for economies and jobs could have been worse without rich nations spending trillions of dollars to limit the damage in