Moves set a benchmark for the rest of the globe we take a look straight ahead with a packed show today so lets dive right in. And u. S. Markets surged today on hopes of global economys reopening and more specifically news regarding a Coronavirus Vaccine and vaccine is what we want to focus on here at the top of the program u. S. Based pharmaceutical giant merck announced tuesday it will buy austrian vaccine producer themis bio science and would work with research nonprofit. To develop 2 separate vaccines now merck and also announced a new partnership with ridgeback biopharma bio therapeutics to work on an experimental oral antiviral drug to combat cope at 19 as far as timelines for these vaccines mercks says the theme is a vaccine will be ready to start vaccinating volunteers within weeks while the. Vaccine will be ready for human trials at some point this year now meanwhile maryland based biotech firm novaks says it is ready to start Clinical Trials of its vaccine this week in austral
Unemployment which then snowballed into lower income decrease Discretionary Spending which then repeats and feedbacks into the chain in a form of slowing demand so its a vicious cycle thats very hard to control once again some mentum the other part of that is that you have entire industries that are on the brink of collapse and theyve been levered to help bring on cheap corporate debt now of course were talking about the oil and Energy Sector hit one of the icons of america well we can also be talking about that big economy the gate and share to cop a sickly have your assets that valuation upwards of several billions of dollars but 0 assets so that economy has a collapse and the fact is it has no assets to back it up or doesnt own its cars being b. Doesnt own any of its real estate making it all the more painful and then finally lets not forget about trade International Trade accounts for a significant portion of the economy but now depend that make borders are sealed essential Industr
Percent now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time. This makes the Great Lockdown last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below previous levels the comments come weeks after u. N. Secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w t o said last week global trade will fall by between 13 and 32 percent this year alone now theres a lot of great down here so lets go ahead and bring in some expert analysis from cohost ben swann and christiane i guys thank you so much for joining us christy this contraction of Economic Growth is it simply because of supply chain slowdowns or are there entire industries th
The corona virus pandemic which has caused a lockdown and near halt of business worldwide is going to have a lasting effect on the Global Economy but just how bad will it get the International Monetary fund on tuesday joins those who say it could create the worst financial crisis since the Great Depression. We are projecting Global Growth in 2022 full. To minus. 3 percent. Now this is a downgrade of 6. 3 Percentage Points from general 2020 Major Division over a very short period of time this makes the Great Lockdown the last recession since the Great Depression and far worse than the Global Financial crises the i. M. F. Chief economist said there will be a partial recovery in 2021 adding the overall g. D. P. Will remain below pretty virus levels the comments come weeks after u. N. Secretary general and tony terras made similar comments saying the pandemic will bring a recession that has no parallel in recent years and that it is the worst crisis since the 2nd world war meanwhile the w
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