It's Wednesday, April 15th.

Welcome to Schimbis.

We're breaking down the most complex stories of the day and giving you the context on why

they matter.

Today, the numbers are in, and surprise, retail sales in the U.S. are down by record numbers.

We'll tell you why this signals a double hit to the economy.

Then President Trump says he's halting funding to the World Health Organization.

We'll dive into what this can mean for its crisis efforts around the world.

And finally, we'll explain why a new government bailout to help airlines impacts us, too.

We're here to make your evening smarter.

Let's Schimbis.

Okay, the COVID-19 pandemic is a rapidly changing story with lots of moving parts.

And we're going to help you sort out what exactly you need to know, starting with the

three big developments of the day.

This morning, we got a new report from the U.S. Commerce Department about your empty shopping

card.

Retail sales for the month of March suffered a record drop, plunging 8.7%.

That's more than double what it was during the worst of the 2008 financial crisis.

So why did this drop in retail sales get so much attention today?

Well, since the COVID-19 pandemic started, we've been watching all kinds of signs to see

how the economy is being affected.

And it turns out, retail makes up a big share of the U.S. economy.

...