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The Daily DC

The "Mind Blowing" Economic Consequences of COVID-19

The Daily DC

CNN

News

4.4621 Ratings

🗓️ 1 April 2020

⏱️ 18 minutes

🧾️ Download transcript

Summary

The first of April is tomorrow, and people across the country won't be able to pay their bills. How will the actions that government and cooperations taken so far help those experiencing the very real economic effects of the coronavirus crisis? Join CNN Political Director David Chalian, CNN Senior Writer Zach Wolf, and CNN Anchor and Correspondent Julia Chatterley to break down just how bad the economy will get for Americans and how to get it back on track.To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Have you ever wondered what a sandwich sounds like?

0:04.0

Not much to it is there?

0:06.0

Unless, of course, it's a Walker's sandwich.

0:11.0

Mmm, that is good.

0:13.0

Now that's what Asani should sound like.

0:15.0

Go all crisp in with walkers.

0:18.0

Delicious.

0:20.0

Delicious.

0:26.2

Hey, everyone.

0:28.6

I'm David Chalien, the CNN political director.

0:30.3

This is the Daily D.C.

0:41.6

While the coronavirus crisis is primarily first and foremost about public health and keeping people safe, it is also an economic disaster of historic proportions.

0:47.6

Well, it's so bad for the economy, but the economy is number two on my list. First, I want to save a lot of lives.

0:51.1

We're going to get the economy back. I think the economy is going to come back very fast.

0:56.6

Tomorrow, that economic disaster is about to get very real for a lot of people around the country as they find themselves unable to pay their bills on the first of the month.

1:00.9

That, as Goldman Sachs today announced, that it has significantly downgraded its outlook for

1:06.4

the U.S. economy, projecting that the labor market will collapse even worse than anticipated.

1:12.3

Joining me now to explain the economic and political implications of this crisis, CNN anchor and

1:16.9

correspondent Julia Chatterley and CNN senior writer Zach Wolfe. Thanks so much for being here, guys.

1:22.0

Thanks. Thank you. I am in my closet, in my house, hoping that my children don't walk in and interrupt us.

1:30.6

Just to let you know, I'm coming to you from Hudson Yards, of course, our office here in New York.

1:35.9

One of the few people remaining here, but please excuse any beeps and phone lines ringing because things are still happening in the background.

...

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