Around the world as manufacturing grinds to a halt in many sectors as businesses are forced to close the Economic Impact of the covert crisis is biting the i. M. F. Issues regular reports on the Global Financial situation 3 months ago they were predicting widespread growth for one of us has radically changed the landscape we are projecting Global Growth in 20224 to minus. 3 percent now this is a downgrade of 6. 3 Percentage Points from jan return to 20 a Major Division or a very short period of time this makes the great lock down the worst recession since the Great Depression and far worse than the Global Financial crises. One of the biggest drops will come a new unit paean euro zone which is expected to take a hit of 7. 5 percent the u. S. Where the president is pushing to reopen the economy is looking at a contraction of nearly 6 percent japan 5. 2 percent down the same as latin america in china where the pandemic began and has begun to reopen its economy its expected to record growt
Good morning. I want to thank the Cleveland Clinic, and i want to thank the doctor for hosting us. We have been working with the Cleveland Clinic throughout this, and we really appreciate the advice the council and the insight on what is going on the ground. Ive been able to talk with the doctor throughout this, and i think they are doing a great job. I want to give them a minute a chance to talk about the things they are doing. If you look at how patients who have come through here have faired compared to other places, i think they have a good record in terms of patients being discharged and recovering at a higher rate than what you see elsewhere. I think that is because they are doing so much good stuff. An update on our situation in florida. 320,000now tested people in the state of florida, as many of you know florida. There wasntow, much testing in the country. We have been able to ramp up a lot. Cleveland clinic such is the one in Broward County that has been successful. Days, wet
Everybody knows whos here. To my right. Secretary to the governor, melissa de la rosa. Director. Lets give you facts. Plain, true facts. Good news. The curve continues to flatten. Talked all along, quoteunquote, the experts said that there were two possibilities. You could have a high point, a roppoff, or you could have a plateau. It appears that we have a plateau. Flattening. Its the flattening of the curve. You the increase has slowed down. Flattens out for a period of time. Nobody knows how long because before. Been here but if you look at the number of admissions, 18,000, 18,000, 18,000. Flattening. Itely a thats good news. Still going up a little bit, by the way. Go back a second. Up a little bit, but opposed tottening as gaps. Sing he total number of hospitalizations, net down, a little bit up, a little bit down. Ut overall just follow the line. Dont get caught up in the daytoday. Threeday rolling average, which is more accurate than any one day, is down again. In i. C. U. Nge ad
Health Care Community in new york eats the ball to help front line workers in a crisis and im sorry how much now have all the support including you have the president dana white says hes close to securing a private island to make sure he can keep staging events during the current of us spent. We begin this news all in the u. K. Where Prime Minister johnson already one of the most high profile coronavirus patients yet is in intensive care and on that he was transferred to his symptoms got worse on monday night johnson was admitted to hospital on sunday and was moved as a precaution in case he needs a ventilator with a Prime Minister out of action foreign secretary dominic robb stepping in to lead the government. Rory talents is our correspondent and london at this hour so rory weve had quite a few leaders come out trying to calm the public since this announcement do actually know any more about our stance and condition. Or michael gove who is the cabinet secretary and incidentally it se
So much for social distancing. You are watching cnbc. Good morning and welcome we are live and waking up to another day of potential losses for major averages stock futures now pointing to modest declines from a relative perspective. The dow jones opened down 244 points, nasdaq down implied 77 points that is much more than normal. This after the wall Street Market staged a rally yesterday for the dow. Major averages on pace for the third down week of the last four checking the treasury side of things, we are seeing movement for the bond and notes higher to. 227 10year at. 61 . Oil on a wild ride it had been lower Early Morning but ralied after news after a meeting on monday by Conference Call to discuss cuts President Trump meets with Top Energy Executives at the white house today. Full details on that summit at the white house coming up. Global Team Coverage dan murphy is in singapore Geoff Cutmore is in london, nbcs tracie potts with the latest out of washington and Frank Holland wit