Economic Crash, Hurricane Isaias & Oprah Gives Up 'O' Cover- Friday, July 31st, 2020
The NewsWorthy
Erica Mandy
4.7 • 1.3K Ratings
🗓️ 31 July 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
The news to know for Friday, July 31st, 2020!
We're covering:
- the nation's fastest economic crash on record
- where negotiations stand on the next relief bill
- why the president floated the idea to delay Election Day & whether it could become a reality
- a new way to get Lyft rides
- new rules for college athletes' uniforms
- a new person featured on the 'O' Magazine: why, for the first time, it won't be Oprah Winfrey
Those stories and more in less than 10 minutes!
Head to www.theNewsWorthy.com or see sources below to read more about any of the stories mentioned today.
This episode is brought to you by LiquidIV.com - use code NEWSWORTHY and www.MagicSpoon.com/newsworthy
Become a NewsWorthy INSIDER! Learn more at www.TheNewsWorthy.com/insider
Vote for The NewsWorthy in the People's Choice Podcast Awards in the month of July! Thank you for your support!
Go to PodcastAwards.com, enter your email and choose 'The NewsWorthy' in two categories:
1- People's Choice
2- Politics & News
Sources:
GDP Record Plunge: NBC News, WSJ, NY Times, AP, Reuters
Next Relief Bill Negotiations: AP, Reuters, Axios, CNBC
Coronavirus Outbreak Spreading: Johns Hopkins, Reuters, ABC News, WaPo
Herman Cain Dies from Covid-19: NY Times, Fox News, AP, Herman Cain, Trump Tweet
Trump Floats Delaying Election: ABC News, Reuters, Axios, NPR, Trump Tweet
No Charges for Officer in Brown Death: AP, NBC News, ABC News, St. Louis Dispatch
Hurricane Isaias Path & Flooding: AP, ABC News, FOX News, Weather Channel
Lyft Expanding Rental Car Business: Reuters, TechCrunch, CNN, Lyft
NCAA New Social Justice Rules: Fox News, ESPN, CBS Sports, NCAA
Breonna Taylor on the Cover of 'O' Magazine: USA Today, NBC News, CBS News, O Mag
MTV VMA Nominations: AP, CNN, Billboard
Feel Good Friday: The Upside Podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Today is Friday, July 31st. What to know about the nation's fastest economic crash on record and where negotiations stand on the next relief bill that could help? |
| 0:08.0 | Also why the president floated the idea to delay Election Day and whether it could become a reality. |
| 0:14.0 | Plus a new way to get lift rides, new rules for college athletes uniforms, and a new person |
| 0:18.8 | pictured on the O- Magazine cover, why it will not be Oprah for the first time ever. |
| 0:25.0 | Welcome to the newsworthy. |
| 0:27.0 | All the days news in less than 10 minutes. |
| 0:29.0 | Fast, fair, fun, and on the go. |
| 0:32.0 | I'm Erica Mandy. Thanks so much for being here. You ready? Let's do this. |
| 0:37.0 | This won't come as a surprise, but there's no proof the coronavirus pandemic has sent the U.S. economy into a downward spiral. |
| 0:46.0 | The gross domestic product, or GDP, fell at a rate of about 33% in the last quarter. |
| 0:51.0 | Of course, the GDP is basically the total value of goods and |
| 0:54.0 | services produced by a country in a certain time period and it has never |
| 0:57.4 | fallen that quickly. So the Wall Street Journal reports this is the most |
| 1:00.9 | devastating three-month collapse on record. |
| 1:03.2 | For context, the GDP felt less than half that much during the entire Great Recession |
| 1:07.9 | and that took 18 months. It's clear the downturn is really taking a toll too. |
| 1:11.9 | In the Census Bureau's weekly |
| 1:13.6 | household survey about 24 million Americans said they sometimes don't have enough |
| 1:17.8 | to eat and another 5.5 million said they often don't have enough food. |
| 1:21.7 | And things are about to get a little |
| 1:23.4 | harder for the unemployed that's because part of the relief package known as the |
| 1:27.2 | Cares Act expired this week it was giving an extra six hundred dollars every |
... |
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