To risk their lives to trinket 19 patients. Im still gail welcome to the Program German chancellor Angela Merkel and french president Emmanuel Mccraw have thrown their support behind the you efforts to raise billions of euros to Fund Research into a coronavirus vaccine. They use convening a Donor Conference next week in an effort to raise 7 and a half 1000000000 Euros European Commission president has set a fund the land says the goal of the fund is to develop widely available vaccines treatments and tests at an affordable price. As scientists around the world race to develop a vaccine the e. U. Is trying to rally close will support in the fight against corona virus in an interview with the Commission President person of on the lie and call for a court and. Approach have to build up capacities to manufacture and zillions of those and then we have to make sure that we can deploy to every corner in the world in a fair and affordable price and thats what exactly were working on for that w
Uslo, thank you for joining im claire pryde and we start with the french government announcing its Marshall Plan for the Tourism Industry which has taken a massive hit due to the coronavirus pandemic. Its going to inject 18 billion euros into the industry. The Prime Minister calling this unprecedented and necessary. Tourism is a crucial part of frances economy representing more than 7 of gdp. [speaking french] claire our correspondent discovering the story, she is that the that she e was at the front Prime Ministers office for the unveiling of that plan. The Prime Minister announcing the total of 18 billion euros in public aid for the hotel and restaurant sector, and unprecedented plan, really emphasizing the tourism which remains a national priority. You can feel that the Prime Minister was trying to reassure the sector and empathize with them. He said he understood that they are the first to close and they will be the last to open. On that note we e dont have a n of clarity regarding
Blake burman with the latest from the white house. Lauren simonetti is watching the markets. Edward lawrence in washington. Lets kick it off with lauren. Lauren hey, guys, two days of severe loss on wall street. Dow, nasdaq, s p 500 closing near the lows of the session. The past two days, during that time, the Dow Jones Industrial average has given up 1200 points. Nasdaq gave up 400 points last two days. If you look at s p sectors, communication services, technology, were worth performing Services Apple shares down three today. Believe it or not, and go figure that energy was the bestperforming sector although it was still negative. Let me show you the price of oil because as oil fell, so too did stock prices overall. Youre looking at may contract which expired. It closed at 10. Look at the june contract, 13. July, not much higher. Were seeing oil prices even in the future, all trading in tandem to the downside. The worry is is that demand is contracting charles lauren, well stop you r
What some of the states are doing, they can open, but its very difficult some of the rules of some of the states are hard core when you look at them, you think ppp versus, geez, those are the rules . Took some ppp before were seeing it . I think its not going to be nearly as easy as people think i do wonder if our show were located in austin if we wouldnt be saying those crazy new yorkers, but we live here. We live in new jersey. I think that its going to be a little bit more difficult for a company to stay in business unless they have great Balance Sheets, and are able to ride the waves. Look at norwegian cruise its a city on a a foreignflagged city on the ocean. I see situations like that, im like be careful. Its not all roses when youre opening. Right additional headlines this morning about pending layoffs, reportedly pending layoffs for the airlines in october. Bankruptcy news, whether its hertz or a few other companies now. The markets looking past a lot of that. I think the marke
Democrats would block it. Heres a look at her comments now. We will show you as much as we can before todays White House Briefing. Pelosi thank you all if you are out here. Good day wherever you are in this holy week, passover. Approaching Easter Sunday and ramadan. The appropriate time for us to more deeply pray for those who have lost their lives and the families that are suffering and those who are sick with the virus. Its a very, very sad time as we awaken this morning to see that the totals are approaching 450,000 people infected. Approaching nearly 15,000 people who have lost their lives. That is the sad, sad part of it all. More than 17 million initial unemployment claims. Hundreds of thousands of jobs lost in the month of march. Now millions more expected in the coming months. The assault on the lives and the livelihood of the American People is one of epic proportion and one that demands congress continue to take bold, urgent, effective action to bring rapid relief to the heal