Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely difficult im saying this purely in micah pasty as your investing coach without a stimulus deal, there will be a ton of private company losers and could be a much worse place a year from now if we get a vaccine by the end of the year too many struggling Small Businesses cant wait that long. Now if you got a white collar job you can do from home you may not realize how bad it can be. The future is fine for anyone that can work from home whether we get another bailout or not. For millions of americans
Something hes never done before performing a solitary easter mass inside a virtually empty st. Peters basilica. Live streamed into homes of millions of americans. Here are the latest headlines. The u. S. Has now surpassed italy as the country with the most total deaths from coronavirus. More than 20,000 people have died of covid19, and more than 500,000 americans have contracted the virus. For the first time in history, all 50 states are under a major disaster declaration this morning. On saturday President Trump declared wyoming a disaster area. That is the last state to receive the designation. And some good news for americans awaiting a t federal government. The first round of Economic Impact payments were deposited directly into Bank Accounts saturday. The irs says it is issuing the money as quickly as it can. Much more on those stories. Plus, we will talk to dr. Natalie azar, after spending two weeks in selfisolation, spent this week on the front line inside a new york city hospit
Country want to talk about that and more all right its time to boost your news i q. Opec and their allied Oil Producers held a Virtual Meeting today seeking an agreement on Oil Production cuts in response to a slowdown triggered by the coronavirus pandemic but can all the key players make a deal that will actually last r. T. S. Rachel blevins has been following this story and the high level meetings taking place shes joining us now from the news room with more of the details so rachel whats going on while manila the price war between russia and saudi arabia appears to have reached a cease fire as 2 of the Worlds Largest oil producer seem to have reached a Historic Deal on thursday now this according to reports that saudi arabia agreed to remove 4000000 barrels of oil. A day from its april production levels while russia has agreed to cut 2000000 barrels a day the deal was made during a Virtual Meeting between opec members and other alloy Oil Producers amid a need to respond to the drop
A few short weeks of stay at home orders being implemented across the country the Washington Post reports that according to the u. S. Department of labor more than 17000000 new jobless claims have been filed in the past 4 weeks and in fact last week saw 6600000 americans applying for Unemployment Benefits in just one week and all the tea leaves are reading that this is just the beginning my friends and that these numbers could actually be on the conservative side of things. But its not just the United States of america facing massive amounts of unemployment new new new new new all around the globe jobs are being lost in record numbers thanks to the covert 19 pandemic in fact the International Labor organization well they now estimate that working hours will decline by 6. 7 percent in the 2nd quarter of 2020 which is equivalent to 195000000. 00 full time workers the aiello director general guy ryder sudden a statement to the media that quote this is the greatest test for International C
Men mentally and physically because for all going through it what what we know about a lot of things whats the effect on us well this is actually studied in rwanda which had the longest largest quarantine ever and that 60000000 people one point down to 11000000 quarantine for 11 weeks just released this week as a town the question and we looked at the emotional press go all being the number one thing they noticed over and over was depression i mean in a large says a population we are hardwired to be social were supposed to be out and about our brain grew the size that it grew so we can process each others faces are hear the voice says you dont need to go hunting with a big grey mini that connect with each other and thats why we have a big brain and so its very difficult to spend long periods a time out of sorts and out of touch with each other i actually worry especially for the older population because we know connectivities critical there and theyre the ones most at risk but theyre t