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[VOA] VOA 2020-04-03

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Since emerging in China in December, the coronavirus has infected nearly one million people and in march toward 50,000 lives lost to the Covid-19 disease is underway. The U.S. is preparing to what President Donald Trump warns "would be horrific days head".


The U.S. death toll from Covid-19 is now over 5,000, according to a tally by Johns Hopkins University. Excerpts are warning Americans to brace for what could be up to 240,000 deaths in the United States.

The number of Americans seeking unemployment benefits has hit a record high for the second week in a row as the economic toll of the coronavirus worsen, more than 6.6 million people filed jobless claims in the week ending March 28th, the U.S. Department of Labour has reported that nearly doubled the week earlier which was also a new a record. Unemployment in the United States, the world's biggest economy, have been around 3.5%. But now, tens of millions of Americans are under lockdown and most business in the U.S. are closed.

Stocks rose in volatile trading Thursday as oil prices jumped on expectation that Saudi Arabia and Russia will ease the pressure off the oil market. The Dow Jones Industrial Average traded 117 point higher, or 0.8%. The S$P 500 was up 1/ by 1.1%, while the NASDAQ Composite climbed 0.7%.  The thurtyday/ the Thursday's stocks now*** briefly rose more than 500 points earlier in the day. WTI Crude surged 24% to trade back above 25 dollars a barrel Thursday after President Donald Trump told CNBC he spoke with the Russian leader and the Saudi Crown Prince and expected both countries to cut productions on about 10 millon barrels.

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