Innovation from the likes of Amazon and WeWork to make the COVID-19 workplace function. Wholesale food businesses turn to door-to-door delivery. Where does the Federal Reserve find $2.3 trillion?
OPEC and OPEC-adjacent Russia have reached a deal to cut oil production by 10 million barrels a day. State workers process the millions of unemployment claims. Have you done a puzzle lately? You’re not alone.
Eurozone finance ministers agree on protections worth $590 billion for businesses and workers. Russia tells OPEC it will cut oil production. Wholesale food businesses rush to sell directly to consumers.
More than 6.6 million Americans have filed for unemployment claims in the past week, and they’re spreading into new industries. The Fed will make $2.3 trillion more available to backstop the economy. President of the Boston Fed surveys the economy.
Warnings that the pandemic could push half a billion people into poverty. Nobel laureate Esther Duflo offers advice for aiding the poor. We’re in for another awful report on layoffs in the U.S. today.
Italy’s Prime Minister says European countries must agree over debt sharing. Sub-Saharan African nations face their first recession in 25 years. Brazil’s top companies agree on no job cuts for 60 days.
Some rebounding for U.S. markets; less confidence for those in Europe. Honda, Nissan and Tesla on the list of car companies triggering mass furloughs of factory workers. An update on the extra $600 in unemployment benefits.
New rules on tax-protected retirement plans, so people can take their money out without penalty and put it back when cash flow returns. TJX the latest retailer to trigger mass furloughs. Slow ramp-ups for Chinese cities after lockdowns.
Buses, trains and domestic flights have resumed from the Chinese city at the center of the COVID-19 pandemic. Does the British government face a leadership vacuum? Spain considers a universal basic income.
