ECONOMY

Andrew Yang Talks Universal Basic Income During The Coronavirus Crisis

5:30pm March 22, 2020

Universal basic income has been getting more attention during the pandemic. NPR's Michel Martin talks with former presidential candidate Andrew Yang, who popularized the idea on the campaign trail.

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Economy

How Coronavirus Lockdown Will Affect California's Economy

5:29pm March 22, 2020

NPR's Michel Martin speaks with Julie Su, secretary of California's Labor and Workforce Development Agency, about the economic impact of the coronavirus crisis on her state's businesses and workers.

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Economic ghost town: New York City's 1st Avenue was mostly deserted Saturday as New Yorkers responded to orders to stay at home.

Economy

Why We Are Deliberately Allowing Our Economy To Go On A Downward Spiral

1:33pm March 22, 2020

by Uri Berliner

Americans are collectively putting much of the economy on lockdown. The priorities are clear: to save lives. For now, that means America is an economic ghost town.

Owner Steve Johnson attaches a notice on the door of Keegan's Grill in Phoenix notifying guests his restaurant will close. Rapid shutdowns have delivered a blow to restaurants around the country.

Economy

Closed All At Once: Restaurant Industry Faces Collapse

8:00am March 22, 2020

by Yuki Noguchi

Rapid shutdowns to stem the coronavirus have delivered an unprecedented blow to restaurants around the U.S. Many are quickly running out of cash and their workers are losing their jobs.

Angelica Rico says she lost all of her income this week when she was furloughed from her job as a digital marketing specialist. She doesn't know how she'll be able to pay rent on her apartment in Southern California.

Economy

Many Cities Halt Evictions, But Renters Still Need Help

6:38pm March 20, 2020

by Chris Arnold

In the midst of a pandemic where people are supposed to stay home, many municipalities have halted evictions. But housing advocates want to see more action to help people who can't pay rent.

Friday will be the last day of floor trading before the New York Stock Exchange switches to all-electronic trading starting Monday.

Economy

Dow's Dive Erases All Gains Under Trump

5:52pm March 20, 2020

by Avie Schneider

The Dow fell more than 900 points, leaving the index 2.8% lower than when President Trump took office. The drop culminated a staggering week of losses as the coronavirus impact took an economic toll.

Forecasters say the government's aggressive efforts to slow the spread of the coronavirus will trigger the sharpest slowdown in the U.S. economy on record.

Economy

U.S. Economic Slowdown In Coming Months Expected To Be Worst On Record

5:08pm March 20, 2020

by Scott Horsley

Forecasters say the government's aggressive efforts to curtail the spread of the virus will trigger the sharpest slowdown on record. Some see the economy shrinking a staggering 24%.

The Latest Developments Around Federal Coronavirus Response

4:29pm March 20, 2020

NPR economics, politics and science correspondents relay the latest federal developments in the coronavirus pandemic.

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Former Federal Health, Science And Economic Officials On Government Epidemic Response

4:29pm March 20, 2020

NPR's Ailsa Chang talks with Dr. Margaret Hamburg, Douglas Holtz-Eakin and Tara O'Toole — three former government officials — about the federal government's response to the coronavirus.

Thermometers and cleaning supplies are seeing spikes in demand, predictably — but now so are snacks and perishable food items.

Economy

America's Shopping List: Here's What We're Buying The Most

3:53pm March 20, 2020

by Camila Domonoske

Thermometers and cleaning supplies are seeing spikes in demand, predictably — but now so are snacks and perishable food items. See the latest rundown of what's been selling.