The u. S. Enters a new week with the highest number of coronavirus doubts in the world. Administration is still trying to ease lockdown restrictions by may. The Top White House virus eight says infection levels are stabilizing. Some of the u. S. Could be open in the next month. The imf and world bank held meetings this week using digital remote software. The global lenders will facing new reality of mounting unemployment. Thecials have already said Global Economy is suffering its worst recession since the 1930s. India is set to extend its current 21 date lockdown to the end of the months to allow more time to evaluate the spread of the infection. The Prime Minister said the government has adequate supplies of medicine and protective gear for frontline workers, adding that the next four weeks will be critical. The virus is ad social emergency. In hong kongals are facing a pay cut. Announced new stimulus. The additional spending accounts for double the projected government budget. The ph
Lauren hey, guys a twoday sell i dont have was reversed. Major averages closing near the highs of the session. Nasdaq leading the major averages gaining almost 3 today. The nasdaq was led by big cap tech which was down for this week. Three reasons for rally. First more rescue funding from the government is likely on the way after the Senate Approved yet another relief package. Second oil prices recovering. Take a look where crude closed the session today, above 13 a barrel. That is much better than it had been. A gain of almost 18 . With that reis big gains for halliburton, chevron, exxon and the Energy Sector in general leading the overall market higher today. And third, investors look to Earnings Report that continue to pour in from guidance on the coronavirus effects on the economy. Here is the trends were seeing and were seeing it for chipotle after Earnings Report showed 81 increase of people ordering online getting food delivered. That is with were doing. That stock is up 14 . Sn
Not even a one dollar increase dny. The fed out with its alphabet soup of programs. Index isays highyield barely visible, but has come down quite substantially if you yield to worst settings re. The lets get some insight on the markets. Banks set to kick off earnings season. We are joined by tom lee, Fundstrat Global Advisors managing partner and head of research. You are not one to shy away from a particular point of view. Tell us where you see the markets headed. I think the markets have absorbed an incredible amount of news and seem to move very quickly, but just as quickly as weeks, i3 over six think the vshaped rebound weve 2800. E saw last week that was a 20 retracement of that entire climb. If we look at the major declines of markets, once the market is able to absorb or recover half of those losses, it is often a good sign that the market is shifting in favor of buyers. So i am kind of constructive. I think youve got to be buying this dip, but the focus is going to shift away f
50 times a day since march 16th to get through to the Contact Center for unemployment to continue my claim, and i have not yet been able to get through. Reporter guy halel found the Unemployment Office website had crashed. You would go two or three pages in and before youre out, they will tell you your session is timed out. Then you go six pages in, again, they will throw you out, your session is timed out. You will go all the way tells y your session timed out. Reporter time ran out on halel at the hotel where he was a manager. He worked in hospitality 20 years. When his hotel at times square closed, he went home to his wife, two children and a new pation, connecting with the Unemployment Office. I think after ten days i was able to submit and go to the next step, which was a phone call. Your call cannot be completed as dialed. Try again. 606. Reporter no one at the Unemployment Office is answering his call either. We are experiencing a high volume of calls at this time. And they hung
Fish. Were going to go ahead and get started. Tonight, as the world struggles to contain and recover from the novel coronavirus, we offer a story we completed just before life changed so dramatically. Can you sung me a song from your youth . Its a story of history, hope, survival, and resilience, which has its roots in another time when the world was convulsed by crisis, world war ii. Aaron, tell us what your parents did before the war. They owned and operated a butcher shop. This interview is unlike any we have ever done. Its your mentality. Its your soul. Its your mind. Uncredibly, aaron elster, a holocaust survivor, died two years ago. Whats the weather like today . Im actually recording. I cannot answer that question. Im lesley stahl. Im bill whitaker. Im anderson cooper. Im scott pelley. Those stories, tonight, on 60 minutes. ticking this portion of 60 minutes is sponsored by progressive insurance. Save when you bundle auto, home, or motorcycle insurance. Save when you bundle auto