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KQED BBC World News America July 13, 2024

Ions to this pbs station from viewers like you. Thank you. Ansor this is bbc world n america. The u. S. Economy slumps and the worst is yet to come. Spending nosedived in the last quarter as the coronavirus lockdown began. Hopes for a treatment. Americas top Infectious Disease official says drugs being test ed shows signs of progress. And we look at why one county in the u. S. State of georgia has afed bthe ronas. Anchor for all of you watbsing fromnd around the globe, welcome to world news america. U. S. Economy is shrinking at the fastest rate in more than a as unemployment figur show the impact on the community. The 4. 8 contractionab iout what economists were expecting, but they warn the worst is yet to come, as the data only cover the first few weeks of the outbreak, this afternoe u. S. Federal reserve chief said the economy will needsp additionading from congress and the white house to ensure a robust recovery. With
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KQED BBC World News Outside Source July 13, 2024

And by contributions to this pbs station from viewers li. Thank you. Ros this is outside source on bbc news for ourrs vien the u. K. And around the world. A were covering all of the coronavirus developments in britain. Here are the headlines. The u. K. Goveme has extended the lockdown for another three weeks. There is a significant increase in the spread of the coronarus. We d not want to ease up too soon, allowing ak second pea the virus to hit the british people. Ros people around the u. K. Are saying thank you to frontline clapping outside their windows and homes. It has become a weekly tradition. Asdonald trumpnnounced a plan to reopen plans to announce a plan to reopen the economy. Another 5. 2ha million peopl filed for unemployment. There is a story that the virus has come from a lab in china. It is 8 00 in the u. K. And people are at their windows and front doors applauding those on the front lines battling covid19. Letas take a look and tak listen. [applause] ros this is outsid ....

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BLOOMBERG Bloomberg Markets Asia July 13, 2024

With a economist. This economyf this contracted for the First Time Since at least 1990 two. A big contraction, more than was anticipated. What is your instant reaction . Robin let me be clear. The First Quarter contraction is not a surprise considering the lockdown in late january and february. Outputch industrial dimension and trade data suggested the supply side in the chinese economy has been on a recovery path. Are first in, first out amid this covid19 recession. We have seen the worst First Quarter followed by a shallow recovery from the Second Quarter onward. The ip data is better than retail sales or domestic data, means the supply side has been largely mobilized with now 90 of factories in china, 40 are operational. Many are back online. That is why we see a ....

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CSPAN Washington Journal Newt Gingrich July 13, 2024

That there are 100,000 chinese working in northern italy. And unlike President Trump, the Italian Government was politically correct and kept ,pen flights from china bringing in a substantial number of people who are carrying the disease. So italy was in worse shape than new york city. All of this was in northern italy. They felt the only way they could stop it was to stop the entire country. For the last seven weeks we have been staying at home. A few runs to the embassy virtually. Is verywhole situation different than you might expect. They are beginning to gain ground. Daysonsecutive gays there has been a slight drop each day in the number of intensive care units. Next two or three weeks macy italy open up. They went through a cycle where the only things you could do store oro to a grocery a pharmacy or a gas station. And if you were on the street without permission, ....

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BLOOMBERG Bloomberg Technology July 13, 2024

White house briefing. We will be monitoring that for any headlines as they come. Shares of the biggest banks, citigroup and bank of america, plunging today after disappointing Earnings Results revealing just how hard the pandemic is hitting them. Goldman shares ended the day up. Their portfolio took a big hit. Joining us now, sonali. Walk us through these big loan losses and why did banks do so poorly today . Sonali these loan losses are the number one reason we are seeing issues at the big banks. This might get worse in the coming quarter. Let uncertainty as what is making investors nervous. When you go to bank of america, they expect they are considering what a recession would look like into 2021. You are drawing out time frames that go well past a couple months that people expect the economy to be closed for. The banks are factoring in the reality that the American Consum ....

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