Answers and a white father and son are arrested over the killing of arboretum who was shot to death while out running in georgia. Thanks for joining us we begin in the u. S. Where new figures released on friday show unemployment has surged in april the largest rise in close to 90 years tens of millions of jobs have been wiped out across the country as the coronavirus lockdown crippled the economy unemployment skyrocketed to 14. 7 percent it was 4. 4 percent in march and april 20 and a half 1000000 jobs were lost the worst result since the Great Depression which began in 1929 its far exceeds the 2008 global recession when 8700000 jobs were wiped out our White House Correspondent kelly how kits has the numbers were expected but not welcome. The u. S. President reacting to them in just the last half hour speaking to reporters talking about these numbers and once again time trying to project optimism calling the shutdown that resulted in the loss of these jobs as a sensually being artifici
Because of coronavirus meantime, the pause of news comes from the pharma sector as a trial from gilead shows promising results. Lvmh with a disappointing set of numbers the ceo says the situation is improving. Caller weve always seen in the history of the Company Strong bounce back after crisis. Weve seen that in the past and in other epidemics what we are seeing right now in china is not surprising us auto sales plunging. In italy, the hardest hit country as dealerships across the country are closed we are an hour into the trading session here in europe and we have a strong bounce on the index taking away from some of the losses we had shored up for the trading week the stoxx 600 down more than 2 for the week also strong gains in individual markets. The likes of the french stock market are rallying really nicely today one of the strong ones out of the core markets one of them that rallied 3. 3 , a little behind but solid to the dax, 3. 1 the ftse tracking in the green also slightly fi
Its difficult to come out on the streets because the nature of this epidemic but i think what the epidemic actually teaches us is that the system under which we live is a sound belief lot. And it does not alter the worlds future that is worth living to boarded at its heart i mean the notion well is the only do not in nature so to prove the earth. And then to this day and wealthy people will get their way. By saving their lives so i dont write to them but what about the restaurants the work so i teach the new liberal capitalist system which has been in full snow expected at least since the eightys. Charmed since the ninetys of the last so you treat me. To be dismantled all the countries there are seriously attempting to come to grips with this epidemic i mean macro in france was korea it was election is based on making france to be near liberal state has now been forced to reverse all that and offering d to pay the utility beers council tax look you know people not so well off except fo
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
Across parts of the bay bridge. As we head to our afternoon we are looking at cool tor 40s to low 50s and all of us will be in the 50s this afternoon, below average we will track the rest of our future cast coming up. Lets check in with gianna who is working from home this morning. December Olympic Games will be pushed or 2041. The ioc has been under impressed center live look from capitol hill. Senators will be back at the negotiating table today. A 2 trillion economic stimulus package is the focus once again. The third senate vote on the matter could come sometime today. House democrats are working on their own Coronavirus Response legislation, which is adding pressure on the senate to reach an agreement. Atten curve. This is not the time for a party, for a play date. You cant do that at a pickup basketball game. You cant do that when you are recreating as you have in the past. You are putting lives and stick. You are putting Public Health in jeopardy. The goal is for fewer people to