There's No Untangling The Pandemic From The Economy
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 15 July 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
On Tuesday, some of the country's biggest banks announced their second quarter results. The bottom line? The pandemic and the economy can't be separated.
Walmart, the nation's largest retailer, announced they will require customers to wear masks beginning next week. Small businesses around the country are already dealing with fallout when customers refuse.
And in a surprise move, Immigration and Customs Enforcement announced they will rescind regulations barring international students from staying in the U.S. if their colleges don't offer in-person classes this fall.
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Transcript
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| 0:00.0 | Monday afternoon in a church parking lot on the south side of Makin, Georgia, a line of cars stretched for blocks. |
| 0:08.0 | Donald Black, who's 74, was in one of those cars. It was a green Honda. He had been there for two hours waiting for a test. |
| 0:17.0 | I'm passing the doctor's appointment because I'm not getting out of line. I'm just close. |
| 0:22.0 | If they don't contact you within seven to ten days, call them. |
| 0:26.0 | Seven to ten days, he was told, for results to a coronavirus test administered by a private company to come back. |
| 0:33.0 | I cannot control how fast they come back. |
| 0:37.0 | Jason McClendon, a pastor, organized the testing site. |
| 0:40.0 | But what I can do is provide the opportunity in the service. |
| 0:44.0 | Now, Quest Diagnostics processes a lot of tests from private sites like this one. |
| 0:49.0 | And they say demand for testing from surging cases in the south and the west is part of that delay. |
| 0:55.0 | But in Georgia and all across the south, that demand is only increasing. |
| 1:02.0 | Coming up, the nation's largest retailer says you must wear a mask to shop there. |
| 1:08.0 | You're listening to consider this from NPR. Kelly McEvers is off this week. I'm Elsa Chang, and it's Wednesday, July 15th. |
| 1:15.0 | Support for this podcast and the following message come from Integrative Therapeutics, creator of Physicians Elemental Diet. |
| 1:30.0 | A medical food developed by clinicians for the dietary management of IBS, IBD, and SIBO under the supervision of a physician. |
| 1:39.0 | At this time, I would like to welcome everyone to the Wells Fargo Second Quarter Earnings Conference call. |
| 1:44.0 | Yesterday, three of the nation's biggest banks announced their second quarter results. |
| 1:48.0 | They typically do this on conference calls with investors. |
| 1:51.0 | I'm going to open the call by reviewing what is clearly a very poor quarter for us. |
| 1:55.0 | On his call, the CEO of Wells Fargo, Charles Sharf, did not have good news. |
| 2:01.0 | Our view of the length and severity of the downturn deteriorated considerably from our assumptions at the end of the first quarter. |
| 2:08.0 | Translation, we thought things might be better by now. |
... |
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