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Edward Helmore has news on how the Covid-19 outbreak is affecting the fishing industry.
The commercial fishing industry is requesting $4bn in aid as orders dry up from restaurant owners and exports, which account for as much as 60% of their business, dry up due to the coronavirus pandemic
Federal Reserve chairman Jerome Powell said the US “may well be in a recession” as the pandemic puts an unprecedented strain on the US economy.
In a rare live interview with NBC’s Today Show, Powell sought to draw a distinction between what’s happening to the economy now as the result of forced public isolation and social distancing and a “normal” recession.
"I think it's been 30 years since we had a federal reserve chair (on TODAY) live ... What is the message you want to send?" -Guthrie
"... The Federal Reserve is working hard to support you now, and our policies will be very important when the recovery does come." -Powell pic.twitter.com/bd3Az6RKyH