The Incredible Shrinking Economy
What A Day
What A Day
4.8 • 166 Ratings
🗓️ 30 April 2020
⏱️ 18 minutes
🧾️ Download transcript
Summary
New GDP data show the economy shrank at a 4.8% annual rate in January, February and March. That’s the worst quarterly decline since the 2008 recession, and unfortunately, the current quarter is probably going to be worse.
There’s an experimental drug called Remdesivir that the FDA is reportedly planning to approve for emergency use in treating symptoms of Covid-19. It’s not a cure, but some early trial data show that it reduces the length of the disease for some patients.
And in headlines: a 1-mile asteroid picks the wrong time to scare Earth, NCAA to allow athletes to make money, and "Trolls World Tour" brings equal parts pain and pleasure.
Transcript
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| 0:00.0 | Today's episode of What a Day is brought to you by Roman. So as the novel coronavirus pandemic |
| 0:05.2 | escalates in the US, public health officials are encouraging those who are experiencing signs |
| 0:09.4 | or symptoms of COVID-19 such as coughing or fever to seek medical guidance remotely. |
| 0:14.3 | If you or loved one are feeling sick or are just feeling a little worried, there is a way |
| 0:18.2 | to get help without leaving home. So, Ro has a free online assessment that's going to help |
| 0:23.8 | determine if you are at risk and if appropriate, Ro will connect you with a medical provider |
| 0:28.5 | for a free consultation. Visit ro.co slash coronavirus on your phone or laptop to complete a free |
| 0:35.6 | online assessment or to just learn more. If you're worried that you may be experiencing symptoms, |
| 0:41.0 | go to ro.co slash coronavirus to start your free assessment today. That's ro.co slash coronavirus. |
| 0:58.6 | It's Thursday, April 30th. I'm Achila Hughes and I'm Gideon Resnick and this is what the day |
| 1:03.0 | where we're sending a big virtual air conditioner to anyone dealing with high temps. |
| 1:07.7 | But if you're dealing with cold temps, I don't know what to do. We don't have anything else we |
| 1:11.5 | could send virtually. We had no plan B and we sincerely apologize for the error. |
| 1:24.1 | On today's show, new data on an experimental treatment for COVID-19, |
| 1:27.6 | then some headlines. But first, the latest. And again, we're on the other side of the medical |
| 1:32.9 | aspect of this and I think that we've achieved all the different milestones that are needed. So, |
| 1:37.6 | the government, federal government rose to the challenge and this is a great success story. |
| 1:42.4 | And I think that that's really what needs to be told. |
| 1:45.8 | Yeah, so that was Jared Kushner taking glasses half full approach to the pandemic. |
| 1:52.6 | Everyone listening, please don't listen to him. He is a dumbass. But moving onto |
| 1:57.2 | news. We got more data on the state of the economy yesterday and it is shockingly bleak. So, |
| 2:02.9 | so far, we've talked about unemployment numbers, which have shown millions of Americans out of work. |
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