Economy

News Brief: COVID-19 Effects Hit Economy Hard, Biden Wins 3 Primaries

5:02am March 18, 2020

The Trump administration plans a $1 trillion economic stimulus. How will restrictive measures to fight the coronavirus be enforced? And, Joe Biden wins primaries in Arizona, Florida and Illinois.

White House Requests $1 Trillion In Economic Stimulus To Fight Coronavirus Effects

4:26pm March 17, 2020

The Trump administration is requesting that Congress pass an $1 trillion stimulus to address the economic fallout from the coronavirus epidemic.

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Global financial markets have been gyrating for weeks on increasing fears over the coronavirus pandemic.

Economy

U.S. Stocks Jump As White House Plans $1 Trillion Stimulus

4:07pm March 17, 2020

by Avie Schneider

In a rebound from its record plunge, the Dow gained more than 1,000 points as the White House planned a massive stimulus package and the Fed set up a new loan program to boost the economy.

WASHINGTON, DC - MARCH 13: U.S. Speaker of the House Rep. Nancy Pelosi (D-CA) makes a statement at the U.S. Capitol March 13, 2020 in Washington, DC.

Paid Leave Vs. The Pandemic

12:44pm March 17, 2020

by Greg Rosalsky

What if we renamed "sick leave" a "containment stipend"?

A Brooklyn restaurant tells would-be customers it is closed on Sunday, after a decree that all bars and restaurants in New York City shut down.

Economy

Poll: Nearly 1 In 5 Households Have Lost Work Because Of Pandemic

12:27pm March 17, 2020

by Camila Domonoske

Nearly 20% of U.S. households have experienced either a layoff or a reduction in work hours because of the coronavirus, according to a new NPR/PBS Newshour/Marist poll.

Economy

Trump Proposes Stimulus Package For Coronavirus Outbreak's Economic Damage

11:54am March 17, 2020

The Trump administration is proposing an $850 billion stimulus package to help struggling businesses and individuals weather the economic slowdown triggered by the coronavirus.

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As COVID-19 Outbreak Worsens So Does Economic Volatility

11:37am March 17, 2020

NPR's Steve Inskeep speaks with economist Carmen Reinhart about the volatility effecting markets around the world as the coronavirus pandemic spreads.

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Airlines Ask Federal Government For Financial Assistance

8:01am March 17, 2020

NPR's Steve Inskeep talks to Nicholas Calio of Airlines for America about airlines asking the federal government for over $50 billion in financial assistance as businesses take a hit due to COVID-19.

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Economy

National Grocers Assoc. Says Stores Are Keeping Up With Demand

6:26am March 17, 2020

NPR's Rachel Martin talks with Greg Ferrara, CEO of the National Grocers Association, about how grocery stores are faring as buyers clear the shelves.

Coronavirus Wreaks Havoc On The Global Shipping Industry

5:01am March 17, 2020

by Jackie Northam

Container ship operators say the coronavirus outbreak is their biggest crisis since 2009. Dozens of sailings have been canceled and vessels are being idled at a record pace.

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