Decline in infection rates as people are told to stay at home. But the virus continues to ravage economies across the world. Bloomberg economics seeing australia is heading for its deepest rest recession in 90 years. Taylor a quick reminder of how u. S. Stocks ended the day. A pretty good day on wall street. Up date on the s p 500, the fourth out of five up days we have seen as futures come online. Some of those gains just lightly continue to be extending in the session. So, starting to hear some rumors perhaps of catching a bottom with the equity markets, as you have not seen major losses. One market that is seeing major losses that we flip up the board, it is all about the equity markets, within the crude markets, i should say. Crude falling on monday, down for a Third Straight day. Today, now monday evening, trying to recover some of those losses. Up to 8 10 of 1 but Still Holding onto a 20 handle, near the lows we have seen going back since 2002. I want to see how things are shapin
A new surge of refugees trying to cross the border from turkey. Plus coping with confinement tweet me to Hong Kong Family thats been told to self quarantine in the wake of the coronavirus how are they and others like getting along in isolation. Hello im terry martin good to have you with us projections from the democratic super tuesday primaries in the u. S. Show former Vice President joe biden taking the lead against his rivals biden has clinched victories in 9 states so far including texas cementing his dominance in the south exit polls link his success to strong support from africanamerican older and suburban voters meanwhile senator Bernie Sanders has won 3 states and is on track to win the biggest prize california sanders is particularly popular with younger and latino voters. Biden is now leading the race with 450 delegates but sanders is keeping things interesting with 377 delegates and 91991 delegates are needed to clinch the nomination just a short while ago joe biden addresse
But first, heres my take. Something important has happened over the course of this crisis. Estimates of expected deaths have gone down by a lot. On march 31st, the white house estimated that even with social distancing policies in place, between 100,000 and 240,000 americans would die of covid19. Dr. Deborah birx, the white houses Coronavirus Response coordinator said that that was, quote, our real number. Dr. Anthony fauci, the nations top Infectious Disease expert, recently indicated he now believes it will be more like 60,000. The university of washington model, which has been cited by the white house, predicted on march 26th that assuming social distancing policies that stay in place until june 1st, u. S. Deaths by august would most likely be around 81,000. By april 10th, they had made many revisions to get to their current number, 61,500. Predictions for hospitalization rates have also proven to be way too high. On march 30th, the university of washington projected that california
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