COVID-19 taking toll on economy

Video Credit: KTNV Channel 13 Las Vegas
Published on March 30, 2020 - Duration: 02:25s
COVID-19 taking a toll on the U.S economy.

COVID-19 taking toll on economy

SMALL BUSINESSES ARE CLOSEDRIGHT NOW.THE IMPACT BEING FELT HERE INLAS VEGAS..AND ACROSS THE NATION...TONIGHT..ABC'S ZACHARY KIESCH EXPLAININGTHE TOLL COVID-19 IS TAKING ONOUR ECONOMY...THE COVID 19 PANDEMIC IS NOTJUST TAKING A TOLL ON OURNATION'S HEALTH - TAKING A TOLLON OUR NATION'S HEALTH - BUT ISWREAKING HAVOC ON THE ECONOMYTHE LATEST UNEMPLOYMENT FIGURESRELEASED ON MARCH 26TH SHOW ARECORD 3.3 MILLION PEOPLE HAFILED FOR JOBLESS BENEFITS3.3 MILLION PEOPLE HAVE FILEDFOR JOBLESS BENEFITS SINCE THECRISIS BEGAN THE 2TRILLION DOLLAR ECONOMICSTIMULUS PACKAGE SIGNED BYPRESIDENT TRUMP ON FRIDAY ISDESIGNED TO HELP AMERICANS WHOARE NOW OUT OF WORK, AMONGOTHERS MNUCHIN/FOX:09;12;09 WE'LL ALSO HAVEDIRECT DEPOSIT INTO PEOPLE'SACCOUNTS WITHIN THREE WEEKS SOTHEY HAVE CHECKS.THESE ARE BRIDGE CHECKS.WE HAVE ENHANCED UNEMPLOYMENTINSURANCE THAT WE'RE WORKINGWITH THE STATES.THIS IS ALL ABOUT THEPRESIDENT'S DETERMINATION TOSUPPORT THE U.S.ECONOMY.IT ALSO INCLUDES HELP FOR SMALLBUSINESSES - AS WELL AS HARDHIT INDUSTRIES SUCH AS TRAVELAND THE AIRLINES KUDLOW/THISWEEK: YOU CAN'T HAVE A GOODJOB UNLESS YOU HAVE A HEALTHYBUSINESS.AND WHAT WE'VE TRIED TO DO ISTO PROVIDE TREMENDOUS,TREMENDOUS ASSISTANCE TO THEINDIVIDUAL MEN AND WOMEN, ANDTHEREFORE, ON THE OTHER SIDE,TREMENDOUS ASSISTANCE TO THESMALL BUSINESSES FOR WHICH THEYWORK.WE'RE TRYING TO BALANCE THISOUT.BUT THOSE SMALL BUSINESS OWNERSAND THEIR EMPLOYEES ARE STILLWORRIED (THIS WEEK) MAL STRONG[13:40:09] WE WERE PRETTY MUCHSET UP TO HAVE OUR BIGGEST YEAREVER IN 2020.AND NOW WE'RE AT ZERO DOLLARSIN GROSS RECEIPTS (THIS WEEK)SPEAKS: 164455 ISH WE'RE GOINGTO NEED SOME FORGIVENESS ONRETURNING TO NORMAL - EXPERTSTHESE BUSINESSES ARE LIKELY TOLOOK MUCH DIFFERENT (THISWEEK) JARVIS: AND FOR MANYAMERICAN BUSINESSES, THIS WILLBE A NEW REALITY OF THE FUTURE,FEWER TABLES, FOR EXAMPLE, IFYOU'RE A RESTAURANT.IN YOUR SHOP, MAYBE FEWERPEOPLE COMING IN IF YOU'RE AHAIRDRESSER.//THE QUESTION IS, HOW LONG CANTHEY REALLY HOLD ON FOR, EVENWITH THIS GIGANTIC STIMULUS?ZACHARY KIESCH, ABC NEWS, NEWYORKA RECORD-BREAKING 92-THOUSANDNEVADANS HAVE FILED FORUNEMPLOYMENTTHIS WEEK..THE PREVIOUS RECORD WAS NEARLY9- THOUSAND...IF YOU NEED TO FILE..WE HAVE A LINK ON OUR WEBSITE..KTNV DOT COM...THE FBI AND OTHER GOVERNMENTAGENCIES AR

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