Under control i would fain this is a balanced decision. Also coming up tonight its it was the summer of 1905 construction cranes dominated the berlin skyline a city preparing to be a capital city once again it was then that the artist christo presented berlin a present not to be. It was astonishing to see that every fold and wrinkle he had painted was exactly what you could see in real life later. It was as though he could envision the whole thing. To our viewers on p. B. S. In the United States and all around the world welcome we begin the day with a decision to reopen the beer gardens and a promise to close them if the coronavirus returns today leaders of all 16 german states along with german chancellor Angela Merkel agreed on far reaching measures to put the economy back in business and. To breathe life back into public spaces all stores will reopen this month along with restaurants including beer gardens just in time for the summer weather and after an unprecedented period of no p
The e. U. Economy had expanded by point one percent in the 4th quarter of 2019 and of course contraction is expected as the crow virus pandemic continues to wreak economic havoc but it should be noted that lock downs in the e. U. Did not actually start until early march of 2 months before those lockdowns took place weighing heavily on the economy now looking at some of the largest economies in the block frances g. D. P. Felt by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filing for unemployment reached 3840000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 30000000
In the block frances g. D. P. Fell by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filings for unemployment reached 3400000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 1000000 despite the dismal Economic Data an incredible number of unemployed americans markets are on pace for the best month and decades today of course excluded so lets get some expert analysis on the situation with tobin smith c. E. O. Of transforming research and boom bust cohost christi i thank you both for joining us today now christy weekly weekly jobless numbers are in now as i just mentione
Us today now christy weekly weekly jobless numbers are in now as i just mentioned 3840000 filing for unemployment which is worse than expectations again how bad can this actually get. It came back quite bad because if you remember we have been coming in worse than expectations now for about 6 weeks in a row so now you have roughly 30300000 people who have filed for unemployment in the last 6 weeks which its pretty much one in every 6 americans so with more employers cutting payroll in order to boost their earnings economists have now up their forecast that the Unemployment Rate for april could go as high as 20 percent now unemployment has always been a bit of a lagging indicator given the time it takes to process and gather all these numbers some analysts suggest that the real numbers are likely to be higher and estimated that up to 12000000 more people have lost their jobs to claim yet given the backlog in the system the biggest drops to date came from california florida connecticut a
A legit state sponsored torture begins in germany. A standoff in the South China Sea the u. S. And a stray away into a dispute between china and malaysia. And in sports the n. F. L. Draft gets ready to go virtual the games best Young Players will be selected remotely millions of fans watching. Lets begin in the United States where figures released just hours ago paint a devastating picture of the economy in just 5 weeks tens of millions of jobs have been wiped out take a look at the numbers last week another 4400000 americans filed for Unemployment Benefits thats fewer than the week before when more than 5300000 registered for jobless support but the scale of these weekly figures is unprecedented in all more than 26000000 americans have now applied for Unemployment Benefits since the end of march that was when President Donald Trump made the 1st of his coded 19 outbreak declarations. I want house correspondent kimberly house joins us live from washington d. C. Rising unemployment kinle