Apr 15, 2020 - Economy & Business

Andrew Yang: "A lot of" coronavirus layoffs are "gone for good"

Photo: Axios Events

Entrepreneur and former 2020 presidential candidate Andrew Yang said during an Axios virtual event Wednesday that "a lot of" layoffs from the coronavirus pandemic "are gone for good."

The big picture: 1 in 10 working-age Americans filed for unemployment in the opening weeks of the crisis, with more on the way.

  • "We’re going to see 10 years worth of change in 10 weeks," Yang said, with companies adapting to fewer workers.
  • "Do we really think every Macy’s is suddenly going to reopen" with the same amount of stores? he asked.

Go deeper: Andrew Yang brushes off coronavirus stimulus cost concerns

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Axios
Updated 3 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

France reported more than 2,500 new COVID-19 cases in 24 hours — the largest single-day number since May. French officials said the situation was "clearly worsening," per France 24.

By the numbers: Over 745,600 people have died of the novel coronavirus globally and over 20.4 million have tested positive, per Johns Hopkins. Almost 12.7 million have recovered from the virus.

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Rashaan Ayesh
40 mins ago - Politics & Policy

Biden campaign raises $26 million in 24 hours after announcing Harris as running mate

Joe Biden and Kamala Harris. Photo: Olivier Douliery/AFP via Getty Images

Joe Biden's campaign announced on Wednesday that it raised $26 million in the 24 hours after revealing Sen. Kamala Harris as his vice presidential pick.

Why it matters: The cash influx signals that Harris has helped the Democratic presidential campaign pick up steam. Nearly 150,000 contributors were first-time donors, according to the campaign statement.

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Axios
Updated 43 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 20,456,016 — Total deaths: 745,600— Total recoveries: 12,663,206 — Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 5,190,948 — Total deaths: 165,883 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
  3. Politics: Pelosi says Mnuchin told her White House is "not budging" on stimulus position.
  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America's two-sided COVID-19 response — America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopen — Gallup: America's confidence in public school system jumps to highest level since 2004.
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