Thursday, 11 June 2020

Live updates: Fed chair says millions of Americans may never get their jobs back, predicts slow recovery from coronavirus

But there are some signs of recovery on the horizon: Mastercard spending data suggests that American consumers were shopping at nearly pre-pandemic levels in May, with many of those sales taking place online.

At least 111,000 people in the United States have died of the coronavirus, and nearly 2 million cases have been reported. More than 7,380,000 cases and 414,000 deaths have been reported worldwide, according to data compiled by Johns Hopkins University.

Here are some significant developments:

  • President Trump on Wednesday announced plans to hold campaign rallies in several states that are battling new surges of coronavirus infections, including Florida, Texas, Arizona and North Carolina.
  • A Republican Ohio state lawmaker is facing backlash for suggesting that African Americans might be disproportionately impacted by the coronavirus pandemic because of their personal hygiene.
  • Unrelated people can now spend the night at each other’s homes as Britain lifts restrictions in its new “support bubbles” policy, prompting the tabloids to hail the end of the “sex ban.”
  • As Russia lifts its last restrictions on nonessential movement, cases have passed the half million mark. Next month will see a key vote to extend President Vladimir Putin’s powers.
  • Disneyland plans to reopen its California theme parks in July — but there will be no meet-and-greets with Snow White.
  • The European Union on Wednesday accused China of sowing disinformation about the coronavirus, its sharpest criticism yet of Beijing’s handling of the pandemic.

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source https://jobsearchtips.net/live-updates-fed-chair-says-millions-of-americans-may-never-get-their-jobs-back-predicts-slow-recovery-from-coronavirus/

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