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This Article is From Apr 01, 2020

Slow U.S Stimulus, Tariff Delay, Global Factory Slump: Eco Day

(Bloomberg) -- Welcome to Wednesday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day:

  • The $2 trillion in U.S. stimulus may not deliver a rescue in time for the many small businesses and families who lack the cash to stay afloat for more than a week or two
  • With millions of people being thrown out of work as much of the U.S. economy shuts down, the companies hiring are seeing a boost in interest. But there's a skills and wage mismatch
  • Back to the trade war: President Donald Trump approved a proposal to delay payment of certain tariffs by three months, according to people familiar with the matter
  • Factories around the world suffered one of their grimmest months on record in March, as the coronavirus led to mass shutdowns and wreaked havoc on supply chains
  • Argentina is looking to press on with debt talks despite delays caused by the global coronavirus pandemic
  • There is no good reason for the Covid-19 pandemic to cause food shortages, at least of wheat, rice, or other staples, according to Bloomberg Businessweek's Peter Coy. The virus isn't foodborne. Plenty of food continues to be produced, processed, and delivered despite illnesses and lockdowns, and the world's appetite hasn't abruptly increased
  • Europe risks a new sovereign debt crisis if governments don't match the European Central Bank's action with a common fiscal response, according to GreeK central bank chief Yannis Stournaras

©2020 Bloomberg L.P.

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