Marketplace Morning Report

From the BBC World Service: The Bank of England warns of a deep recession, though a quick recovery in 2021. Panic after gas leaks from a chemical plant in India. New Zealand’s winter tourism market suffers from a ban on most foreign visitors.

There were 20.2 million fewer people on American payrolls in April. Airbnb is cutting a quarter of its workforce. Uber and Lyft are reporting first quarter earnings. With COVID-19, the role of big meat producers is changing in the supply chain.

The payroll processor ADP releases its count of layoffs and hiring in April. The unofficial unemployment report is out Friday. Tourism revenue in China was down 60% during the recent holiday. A forecast that half of all department stores located in U.S. shopping malls will close by the end of 2021.

From the BBC World Service: Business activity in the eurozone plummeted to its lowest level ever in April. Why have the European Central Bank and Germany’s courts clashed over bond buying? Rethinking aviation’s business model.

Lower income people were already very anxious well before COVID-19. The price of crude oil has been on a two-day roll. Airlines focus on frequent flyers. The Treasury Department says it will borrow $3 trillion in three months.

The findings of our new Marketplace-Edison Research Poll, a national scientific survey out today. It’s the highest jump we’ve seen in our Economic Anxiety Index®. Plus, an Iranian airline flouted flight restrictions on China, likely contributing to the spread of COVID-19.

From the BBC World Service: Britain trials a new contact-tracing app as it prepares to loosen lockdown restrictions. India exporters feel the COVID-19 pinch. Has the global pandemic reshaped the agenda for U.S.-U.K. trade talks?

President Trump said any new economic stimulus would have to include a cut in payroll tax. Credit cards adapt to the COVID-19 economy. When Warren Buffett talks, investors listen. How TV and movies are filmed during lockdown.

J. Crew has entered bankruptcy protection, the first major retail chain to do so during the COVID-19 era. A global summit aiming to raise more than $7 billion for vaccines and treatments. The 57 million people with jobs labeled “vulnerable.”

From the BBC World Service: Italy has deep economic scars from its COVID-19 lockdown. The European Commission hosts an online pledge drive to help fund a pandemic vaccine. Air France and Norwegian Air have been handed lifelines.