Normal, with few fireworks or big barbeques, which makes it really difficult to follow the crowd, as Susan Spencer will report in our sunday morning cover story. There aint no cure for the Summertime Blues dickerson Country Music superstar alan jackson recently played to the largest american concert crowd since the pandemic, sitting in and on their cars. But you could feel the energy from the audience. It felt just like a regular show. Dickerson from concerts to movies to sports, the future of fun. Later on sunday morning. Our tracy smith has a und ro of questions for jim carrey, a man of many talents and strengths, it turns out. Even in this weird summer of 2020, a chat with jim carrey isen a experience. Yeah nothing is real. And there we go. Nothing is real. And all of it is true. Peek inside the mind of jim carrey. Ahead on sunday morning. Why would you do that . [ laughter ] we lost comedy legend carl reiner this past week, but his work will surely keep fans laughing for many, many
Ive got another one for you. 25 million of us were indeed out and about over the last two weeks and that is a big increase. Its not back to normal but we are coming out of the total lockdown. Dead on arrival. Thats the speakers 3 trillion spending plan. It would have encouraged staying at home. It would have bailed out the Postal Service. It would not have provided any Liability Protection for businesses. It was a votebuying scheme. Thats my opinion. Thank heaven its dead. Now this. Fed chair powell is speaking right now. This is the man who is in charge of printing money so whatever he says is important and it can move the markets. Edward lawrence is with us. Whats the headlines, edward . Reporter yeah, stu, the Federal Reserve chairman saying right now we are in the worst recession since world war ii. He says that this is a severe decline of Economic Activity and that job gains over the past decade have been erased. He says the coronavirus is the largest shock in history. Hes talking
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of oil. But you can say goodbye to the gas price decline.
With the toll it is taking on the american economy. The president tweeting that he alone has the power to reopen the economy. States deathork toll numbers are flat, but at a horrific level according to governor cuomo. Unemployment numbers somewhere between the Great Recession and the Great Depression meantime, apple and google, two tech rivals teaming up in a massive project to help deliver Contact Tracing to americans and people around the world. The companies would Work Together to notify users if they come into contact with someone who tested positive for covid19. You just got off a Briefing Call with apple and google. Still a lot of questions about how exactly this will work. Fill in some of the blanks for us. Peoplehe big question, want to know, will i be notified if i crossed paths with somebody off the street or in a Grocery Store . This is something that will be developed over time. One suggestion eight on the to 10and the proximity up minutes, that would allow them to notify t
We are seeing every single day. Reporter there are any number of ways to chart the spread of the virus. San francisco like california as a whole is seeing a relatively slower growth. Other parts of the country are seeing rates of spread nearly twice as high if not more. While that is good news even successful social distancing might only biased time. It is plausible that despite all these efforts we could have a scenario similar to the one that is playing out in new york this very day. Where we are today you will be in three weeks. Or 4 weeks or 5 weeks. Or six weeks. We are your future. Reporter new york is racing into a spike of cases that is not expected toat least another 2 to 3 weeks. But while we may have avoided that for now softening the front end of our curve is no guarantee for what the rest of it will look like. You can get an initial to flatten the curve initially. If things go back to normal that curve could easily go back up. Reporter talk about time we had the governor t