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Scattered applause. Scattered people, scattered. Good morning, everyone. It is a pleasure to be here. Let me introduce the people on the dais. The deputy of Financial Services in the state of new york has been working with us on this since it began. Dr. Whicht, a phd still counts to be a doctor. To my left, the secretary, who. S the top state official pleasure to be with her. Pleasure to be in rochester today. It is a pleasure to be in the Rochester Regional Health facility and i want to thank the president and ceo for having us here today. Joined by a number of elected officials. I want to thank them for being here. We have the great congressman who had a really challenging position before he went to congress because he was working in new york state government, but he is now in washington and we need his voice there more than ever. This is going to be a big we ....
To appeal for help to fight coronavirus the u. N. Agency for Palestinian Refugees says its running out of cash. Im going to go with sports as well which turns to south korea the defending champions get off to a wedding starts inside an empty stadium thank medical workers the best celebration. We begin in the u. S. Where numbers just released show unemployment has surged in april the biggest in close to 90 years tens of millions of jobs or wiped out right across the countrys coronavirus long downs fatter the economy unemployment skyrocketed to 14. 7 percent it was 4. 4 percent in march in april 20 point 5000000 jobs were lost as the worst result since the Great Depression which began in 1929 it far exceeds the 2008 global recession when 8700000 jobs were wiped out. Going out to our White House Correspondent ....
Storage is limited amid the coronavirus prices. Oil closing, folks, at the lowest point ever seen since the original Oil Futures Contract began trading back in 1983. The drop is choking the stock market. We are very close to session lows at the moment, with the Dow Jones Industrials down as far as the biggest percentage loss here, 2. 25 or 534 points to the downside. The market action, believe it or not, would actually have been worse if it werent for the fact that we could be just about 72 hours away from another half a trillion dollar infusion from the federal governments financial fire hose, as congress inches closer to a deal to replenish the Small Business loan program. Congressman kevin brady, republican of texas, is the Ranking Member of the hous ....
Its not difficult to be crabby when you are basically living hand to mouth with government stimulus. I thought that encompassed the markets perfectly for a day like today. A lot of earnings coming out. Delta looking at a 50 cut in daily cash burn by the end of june. In terms of their First Quarter loss, they had about a . 51 loss , and revenue was down 18 year on year. As we expected, pretty brutal when it comes to delta. Baker hughes, oil services company, saying the outlook for oil and gas is certain. No kidding. The revenue down by about 4 year on year. 0. 11, acoming in at little bit light. Lets get you some of the headlines here. All of todays market moving news from new york, as will is washington. Brent crude getting sucked into the lowest level since 1999. Bloombergs part two thought to be role bloomberg spoke to thought he be role spoke to fatih birol. Some of the countries are cutting their production earlier than announc ....
Country has announced a drop in new infections and deaths however it usually remains the worlds worst affected country. Spanging is planning to extend its giant of emergency for another 15 days to find coronavirus banning people from all but essential outings Prime MinisterPedro Sanchez has warned the public that the worst is yet to come. A strong earthquake has hit croatia damaging buildings and causing panic in the capital zagreb at least one person was critically injured residents were ordered back to their homes soon afterwards to maintain social distancing this is d. W. News from building for more visit our website w dot com. If you come across a polo bit on one of these. You dont have a car and i think. Pretty much. Hand on that no hello and welcome to another edition of euro max im your host meghan li well find out later on if our reporter actually came face to face wi ....