In the block frances g. D. P. Fell by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filings for unemployment reached 3400000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 1000000 despite the dismal Economic Data an incredible number of unemployed americans markets are on pace for the best month and decades today of course excluded so lets get some expert analysis on the situation with tobin smith c. E. O. Of transforming research and boom bust cohost christi i thank you both for joining us today now christy weekly weekly jobless numbers are in now as i just mentione
We have had the fortune of having Many Political journalists, both print and broadcast speak here over the years but the one we have with us tonight has covered six us president s beginning with president reagan. Speaking of president reagan we were first introduced to him in 2002, when Kenneth Walsh and a number of experts shared stories about president reagan and air force one 27,000 which we use to make visitors experience that much more rich. Since then he has come two other times to discuss and sign copies of his book, prisoners of the white house in 2013, ultimate insiders, white house photographers and how they shape history, 2017. Since he has covered the white house since 1986 im sure he has no lack of material for many more books especially since today he continues to provide insight into the white house of donald trump in the world of president ial campaigns and if were lucky maybe he will share some insight into the upcoming election. Easier to discuss his book president ia
The areas of the city with the most cases so far match up with these factors. Let me give two examples. The 94107 zip code currently is one of the highest rates of cases in the city. That makes sense from what we know because the m. S. C. South shelter is in that zip code, which is the location of the citys largest outbreak, with 96 cases among guests to date. The 94110 zip code has among the highest number of cases in the city. This likely reflects crowded housing conditions, including multifamily and multigenerational homes, which makes it more difficult to practice social distancing and quarantine and selfisolation. This is the mission, the heart of San Franciscos Latino Community. Citywide 25 of positive covid19 cases are among latinos, although they make up only 15 of the San Francisco population. Now i would like to talk about our ongoing strategy at the Health Department to focus on equity in our coronavirus response. These maps reinforce our need to continue to do this. We are
Us today now christy weekly weekly jobless numbers are in now as i just mentioned 3840000 filing for unemployment which is worse than expectations again how bad can this actually get. It came back quite bad because if you remember we have been coming in worse than expectations now for about 6 weeks in a row so now you have roughly 30300000 people who have filed for unemployment in the last 6 weeks which its pretty much one in every 6 americans so with more employers cutting payroll in order to boost their earnings economists have now up their forecast that the Unemployment Rate for april could go as high as 20 percent now unemployment has always been a bit of a lagging indicator given the time it takes to process and gather all these numbers some analysts suggest that the real numbers are likely to be higher and estimated that up to 12000000 more people have lost their jobs to claim yet given the backlog in the system the biggest drops to date came from california florida connecticut a
Expectations for users and ad revenue. A drug also showing some positive results that may have been getting investors some optimism. To facebook, tesla and microsoft in a moment. Lets bring in taylor riggs to wrap up the day that was. Information showing that gdp pal gdp fell 5 . Maybeas thinking that things were not as bad as we think and that there was a sign that things could stabilize if not improve. You could say that was going on in the markets all day long. We got that data of a 4. 8 percent drop in gdp. Markets were already shrugging it off. Looking ahead to that news that we got from gilead. Tech is doing the best stuff. 3. 6 today. Those smallcap stocks are also some of the biggest out performers as we talk about how to reopen the economy. Gilead sciences was the driver behind all of this. They were up 5. 5 . Helpedxperiment drug coronavirus patients recover more quickly. Some 11 days instead of 14 or 15 days that was initially expected. Dr. Fauci came out and said this was a