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The NewsWorthy

Record Unemployment, Biden's New Promises & Star-Studded Holidays - Friday, April 10th, 2020

The NewsWorthy

Erica Mandy

News, Daily News, Society & Culture

4.71.3K Ratings

🗓️ 10 April 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

The news to know for Friday, April 10th, 2020! 

What to know today about another round of record unemployment, and how the Fed and Congress are hoping to help now.

Also, even as the death toll continues to rise, there is more encouraging progress and lower death toll projections.

Plus: Biden's new promises in the presidential race, the NBA returns with a game from recess, and a 16-year-old making a difference for rural hospitals.

Those stories and more in less than 10 minutes!

Award-winning broadcast journalist and former TV news reporter Erica Mandy breaks it all down for you. 

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 www.Blinkist.com/news and www.MagicSpoon.com/newsworthy 

Become a NewsWorthy INSIDER! Learn more at  www.TheNewsWorthy.com/insider

 

Sources:

Unemployment Numbers: NYT, Washington Post, WSJ

Fed $2.3T in New Loans: NPR, CBS News

Dems Block Senate Relief Bill: AP, Politico

Americans Missing Rent Payments: CNN, WSJ

COVID-19 Cases & Deaths: Johns Hopkins

NY and CA Hospitalizations: NYT, NBC News

Social Distancing Cuts Death Toll: Axios, CNN

European Cases & UK PM Recovering: AP, Washington Post, Politico

Biden on Health & College Debt- Reuters

Cruise No-Sail Order: NBC News, Bloomberg, ABC News, USA Today

Drop in Air Travel: CNN, The Hill

Broadway Extends Shutdown: Entertainment Weekly, Billboard

AMC on Brink of Bankruptcy: Variety, Fox Business

HORSE Competition: CBS Sports, ESPN

UFC Fight Update: AP, NYT

Passover Online Benefit: Playbill, USA Today, Saturday Night Seder

Start-Studded Virtual Easter: People, TMZ, Lakewood Church, LA Times, AP News, YouTube

Feel Good Friday - Teen Pilot Delivers Medical Supplies- AP, Bloomberg

Transcript

Click on a timestamp to play from that location

0:00.0

Today is Friday, April 10th.

0:01.8

What to know today about another round of record unemployment,

0:04.6

how the Fed and Congress are hoping to help now.

0:07.2

And even as the death toll continues to rise,

0:09.3

there is more encouraging progress to report.

0:12.0

Plus Biden's new promises in the presidential

0:14.0

race, the NBA returns with a game from recess and a 16-year-old making a difference

0:19.1

for rural hospitals. Welcome, welcome to the newsworthy. All the days news in less than 10 minutes.

0:27.0

Fast, fair, fun, and on the go. I'm Erica Mandy. thanks so much for being here.

0:32.5

You ready?

0:33.4

Let's do this.

0:38.0

Another round of record unemployment.

0:40.1

The latest, 6.6 million more Americans filed for jobless claims last week.

0:44.3

That report from the Labor Department brings the total to nearly 17 million unemployment applications

0:49.0

in just three weeks. That's more losses than the most recent recession produced in more than two years.

0:54.9

And economists don't expect it to end here since stay-at-home orders aren't over yet.

0:59.2

Most predict by the end of the month at least 20 million people may be out of work

1:02.5

meaning about 15% of the nation's workforce will be out of a job. The US has not

1:07.3

seen this magnitude of layoffs and economic decline since the Great Depression and

1:11.2

it's happening quickly.

1:13.1

Federal Reserve Chairman Jerome Powell said the U.S. economy is in an emergency.

1:17.2

So the Central Bank is taking unprecedented action.

...

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