Business, Unusual: Decoding Wall Street’s Unemployment Warnings

Skimm This

theSkimm

News

4.5 • 3.6K Ratings

🗓️ 23 April 2020

⏱️ 9 minutes

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Summary

The House of Representatives is expected to pass another major stimulus bill to get more money into the hands of small businesses. We’ll dive into why convincing small businesses to put their names in the hat for this financial lifeline will still take some work. Meanwhile: this week’s new unemployment numbers are in. We’ll explain what “earnings season” is, and how the latest word from Wall Street could mean more bad news for workers. Also on today’s show: Georgia plans to take its first step towards normal life tomorrow. We’ll explain what that could mean for your state. Call and leave us a voicemail at: 646-461-6370 to shout-out a loved one or share how you’re helping your community during the pandemic. You might hear your message on the show. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Thursday, April 23rd.
0:02.1	Welcome to Schim this.
0:03.5	We're breaking down the most complex stories of the day
0:06.0	and giving you the context on why they matter.
0:08.9	Today, the House of Representatives
0:10.7	is expected to pass the latest major stimulus bill
0:13.4	to help small businesses.
0:15.0	We'll dive into why getting them the help they need
0:17.1	is easier said than done.
0:19.4	Then, this week's new unemployment numbers are in,
0:22.0	and they're not exactly great.
0:23.8	We'll explain why some new industries
0:25.6	are starting to be affected.
0:27.4	And finally, the state of Georgia
0:29.1	is looking to make some major moves to reopen,
0:32.1	but not everyone's on board.
0:34.1	We're here to make your evening smarter.
0:36.1	Let's skim this.
0:39.3	OK, the COVID-19 pandemic is a rapidly changing story
0:43.0	with lots of moving parts.
0:44.6	And we're going to help you sort out what exactly you need to know,
0:47.4	starting with the three big developments of the day.
	...

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