To stay safe stay safe please stay safe. While subscribe to d. W. Books your favorite writer to see myself as the kid sky in the strange grown up world where your books on you tube. 13000000 americans have now filed for Unemployment Benefits well take a look at whats being done to get the worlds biggest economy going again. And a virus means businesses are having to adapt. Is one of them converting passenger planes to freight. This is due to be a business in berlin welcome along the u. S. Economy continues to shed jobs at a record pace with more than 3800000 americans filing for Unemployment Benefits last week nationwide lockdowns and a wreck or drop in Consumer Spending a causing many businesses to lay off employees as they just try to survive. More and more americans are lining up to file for Unemployment Benefits offices Factories Hotels restaurants and schools have been shuttered to stop the spread of covert 19 as a growing number of employers cut payrolls to save money economists expect the Unemployment Rate to continue climbing the number of americans filing for jobless claims each week rocketed in mid march reaching a peak of almost 7000000. 00 late in the month it has remained high with more than 30000000 asking for assistance since the corona Virus Outbreak began earlier this week the government reported that the economy contracted out a 4. 8 percent annual rate in the 1st quarter but more grim news is expected in the 2nd quarter analysts believe the economy could contract at an annual rate of as much as 40 percent between april and june. Amid signs of the corona Virus Outbreak plateau ing in some regions there is growing pressure on politicians to ease lockdowns many state governors have taken steps to reopen their economies but a large majority of americans remain wary of returning to shopping traveling and other Economic Activities u. S. Consumer spending which accounts for 70 percent of g. D. P. Tumbled 7 and a half percent in march and americans who are still employed are stashing away their cash fearing that the situation will get much worse before it gets better. Well now lets bring in our financial correspondent yens cohen hes in new york yeah millions more people are joining the u. S. And employment vegas markets reacted to that. Well we did not see the markets tank as much as you would expect to seeing those figures so there was also some nervousness because the Washington Post reported that the trouble ministration might take some measures some ritually ation measures against china because theyre not happy how that their country and communicated it was the corona outbreak of thats going to happen we dont really know but if you take the circumstances we only dropped a good percentage in the thursday session and actually for the month of april the s. And p. 500. 00 index of the main index here at the at the wall street is up by almost 13 percent meaning weve were marking here the best months since 1987 so really quite unbelievable whats happening at the stock markets in the past couple of weeks despite all those spent Economic News yes and major u. S. Firms and i think some impressive i think is weve had quite a nice from apple how are they doing. Well this talk reaction is a bit mixed in the after hours session but overall it has been a very solid quarter a great i phone sales dahlan a bit by about to 7 percent but overall 1st of all apple is saying that if hes in china the business is recovering at least civility and then in other places in the u. S. For example people contact their homes they have to work from home so they were buying other devices like i puts them or make computers and also using Apple Services and more than in the past so overall a very solid quarter from apple and then we also have numbers from amazon the other big trillion Dollar Company here in the United States and they profit from people buying almost everything on line but they also had to invest more and so to offer those services they employ more than 100000 new workers so they did beach on the revenue side but didnt meet their did miss on the on the profit side and thats why that stock is down quite a bit in the off to our session but we also shouldnt forget amazon is up about 30 percent since the beginning of the year thank you have financial correspondent yens cotton joining us from new york. Now for a look at some of the other business stories making the news. Was just touching on the fact alisons profits fell 29 percent during the 1st 3 months of the year thats despite revenues rising by more than a quarter the company says its an example wiped out by costs associated with the coronaVirus Outbreak including taking on new staff. American airlines has posted a loss of 2200000000. 00 for the 1st quarter of the year travel in the u. S. Has fallen by 95 percent since the start of the coronavirus pandemic the carrier says its revenue fell by a faith during the 1st 3 months of the year. Now this year it is unlikely that british scandinavian or German Tourists will be heading to the meds to soak up the summer sun on tuesday the German ForeignMinistry Extended its Worldwide Travel warning until at least the 14th of june spains Tourism Sector is certainly feeling the heat. Right now the beaches and streets of boston a nasheed be teeming with life the city is one of spains tourist hot spots normally the main season gets underway here by easter at the latest but this year things are anything but normal and thats not likely to change anytime soon. For the rest ourselves in the best Case Scenario assuming we were to do things really well in the all celebrities stepped in to protect the tourist sector and. Even then we would see a quarter of boston known as bars and restaurants close in the next 12 months. Because it measures for the spanish economy this compulsory break is disastrous tourism makes up around 14 percent of the countrys g. D. P. More than any other sector it employs almost 3000000. 00 people many of them have already lost their jobs. We need to stick together tourism is essential to the economy and itll need support to come out of this fighting other countries may have different sectors they can turn to but here tourism is everything. The tourist sector is facing a long period of drought people here hope theyll be able to welcome Foreign Tourists back by next easter. Now mention those drastic figures for American Airlines traffic around the world is almost at a standstill travel restrictions are seen the majority of flights cancelled anything planes empty of passengers but lines like returns or have been filling them with something else. The flight from lima to frankfurt to more than 13 hours the boeing 747 was the last rescue flight that looked carried out on behalf of the german government. On board flight 3 for one almost 280. 00 passengers who were happy to be back on german soil it was also a special flight for the crew because of the Coronavirus Crisis they werent looking forward to the end of their working day as they usually do. We will be working far less this month i just had this one flight it doesnt look like there will be much next month either we dont know how long this will last nobody does and of course were worried. Look turn sir has canceled 96 percent of all passenger flights due to the International Travel restrictions. And its now trying to get at least a few planes in the air. To do this technicians remove the seats. Large nets a stretch where the person just normally set this up us is now ready to transport boxes impossibles and freight is piling up in shipping companies warehouses because nearly every passenger plane also carries freight and since most liners have remained on the ground that freight is going nowhere. But in atlanta i dont think a lot of phrases flown in the bellies of planes especially on transatlantic and long haul flights right now this capacity is absent from the market 90 percent of passenger aircraft have disappeared and their cargo holds are no longer available to us thats about 50 percent of total freight capacity back up with a few. Less capacity means rising prices sending a kilogram of freight from china to germany now costs 5 times as much as it did before the pandemic thats why these repurposed passenger jets travel between china and trunk fast every day mostly carrying protective equipment to mosques similar special flights also go to munich. Its an ambivalent feeling under the circumstances its good that we can do our part to help but of course it would be much better of the receipts im bored with passengers sitting in them and if possible but all those seats have been sold as a typical of. The additional cargo flights are only providing work for a few love times for employees its almost all flight attendants and most pilots are being furloughed and with the uncertainty over the airlines future. And the coronavirus pandemic has seen the return of some unusual practices around the world as people call on tried and tested methods to get themselves through when in cuba patio picks have been making a comeback cubans have taken to reading the animals themselves in whatever space they have because of a severe shortage of poor with markets closed the meats prices doubled making it cheaper to rid the pigs yourself the practice was common during she was economic crisis 3 decades ago now pigs are being kept in gardens kitchens and even bathrooms. In my part i would say theres already a picture on my face as it for me in the Business Team here in berlin you can find more from. Slash business were also on facebook and twitter thanks for joining us. Europe. What unites. What divides. The man. Driving force. What binds the continent together. Answers and stories aplenty. Spotlight on people. Some good. Next on t. W. Eco africa i knew my 1st craft electronic Cameron House just one collection side materials are recycled there and resold in a fair fight but it was just too good to sicamous is one of all objectives is to promote state decision of more authentic negligee that is to keep people safe and buy a new device coquetry to get that 52nd wonderful africa. 60 on d w. Plato is for me. Is for youve. Been told its for health. Great hope for peace for her. Beethoven is for the. Beethoven is for us. Beethoven is for every one. Beethoven 202250th anniversary here on deal there. Alone a very warm welcome indeed to focus on europe with me peter craven and we begin this week with the threat posed by russian Cyber Attacks on the west were not just talking about data theft but also the spreading of whats described as industrial scale disinflation computer experts loyal to the kremlin socalled trolls are accused of infiltrate