Turn Down For...Months: Falling US GDP Expected to Keep Dropping

Skimm This

theSkimm

News

4.5 • 3.6K Ratings

🗓️ 29 April 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

We knew the economy wasn’t doing well. But a new report out today shows us just how bad it really is. We’ll dive into what ‘gross domestic product’ is all about and why it matters that it’s down. Meanwhile: a new poll says a lot of Americans are worried that COVID-19 will disrupt this year’s presidential election. We’ll explain why one proposed solution — voting by mail — isn’t exactly easy. Also on today’s show: the recent shake up of the film industry has the Oscars changing its ways. Earlier this month, we hosted a live online presentation called Recessions, Skimm’d. We explained what recessions are, why they’re a big deal, and how you can be prepared for when one comes up. Call and leave us a voicemail at: 646-461-6370 to shout-out a loved one or share how you’re helping your community during the pandemic. You might hear your message on the show. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Wednesday, April 29th.
0:02.6	Welcome to Schim this.
0:03.9	We're breaking down the most complex stories of the day
0:06.5	and giving you the context on why they matter.
0:09.4	So we knew the economy wasn't doing well,
0:11.9	but a new report out today shows us just how bad it really is.
0:16.0	We'll dive into what GDP is all about
0:17.9	and why it matters that it's down.
0:20.3	Then a new poll says a lot of Americans are worried
0:22.9	that COVID-19 will disrupt this year's presidential election.
0:27.1	And finally, the recent shakeup of the film industry
0:29.8	has the Oscars changing its ways.
0:32.2	We're here to make your evening smarter.
0:34.4	Let's Schim this.
0:39.0	Today's episode is brought to you by H&R Block.
0:41.9	With many ways to file, H&R Block is always available to help.
0:48.8	Okay, the COVID-19 pandemic is a rapidly changing story
0:52.6	with lots of moving parts.
0:54.2	And we're gonna help you sort out what exactly you need to know.
0:57.2	Starting with the three big developments of the day.
1:00.7	This morning we got some big, not great news
1:03.1	regarding the state of the US economy.
	...

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