The economy is crumbling. What will a recovery look like?

New York (CNN Business)US stock futures were up Wednesday following a rough start to the second quarter for Wall Street.

Dow (INDU) futures rose 155 points, or around 0.8%. S&P 500 (SPX) futures climbed about 0.8% and Nasdaq (COMP) futures were up 0.7%.
Stocks finished in the red for the second day in a row Wednesday. All three indexes closed down 4.4%.

The decline comes ahead of Thursday’s jobless claims report, which is expected to be even worse than last week’s record breaking number. Economists expect that 3.5 million people filed for unemployment benefits for the first time last week, according to the Refinitiv consensus estimate. Bank of America, Merrill Lynch and Barclays expect that number will be 5 million people or higher.
Meanwhile, the oil market continues to suffer. On Wednesday, Whiting Petroleum (WLL) became the first major oil producer to file for bankruptcy since oil prices sank to 18-year lows. Others are likely to follow.

Tony Winner Brian Stokes Mitchell Diagnosed With COVID-19

Tony-winner Brian Stokes Mitchell took to social media this afternoon to inform his followers that he has tested positive for coronavirus.

“I’ve been laying low for the last couple of days because I could feel my body fighting something unusual. I just got confirmation that I’ve indeed tested positive for the coronavirus,” Mitchell said in his video message.

“The good news is over the last few days I’ve isolated myself. I come to you from the bedroom right now,” added the Broadway vet, who won the Tony for his performance in Kiss Me, Kate and also holds Tony noms from his turn in Ragtime, August Wilson’s King Hedley II, and Man of La Mancha.

Thankfully, Mitchell is seemingly on the mend.

“The other good news is that for the last number of days, probably three or four, every day that has passed has been better than the previous. So I’m pretty sure I’m over the hump for this right now,” he said. “I just wanted to let you know so you don’t worry about me.”

Before signing off, he urged his followers to “take care of yourself” and “keep your social distancing.”

As of earlier today, the U.S. Centers for Disease Control said that the total number of coronavirus cases in the country has risen to over 186,000 with a national death toll of more than 3,600. The World Health Organization is reporting that the total number of confirmed cases has reached 823,626 globally with the death toll at 40,598.

Mexico's oil export basket falls slightly to $10.61/bbl

MEXICO CITY, April 1 (Reuters) – The price of Mexico’s oil export basket averaged $10.61 per barrel on Wednesday, down slightly from $10.76 per barrel the previous day, national oil company Pemex said. (Reporting by Diego Ore; Writing by Stefanie Eschenbacher; Editing by Julia Love)

More temporary foreign workers test positive for coronavirus in West Kelowna

Interior Health confirmed that another five temporary foreign workers have tested positive for COVID-19 in West Kelowna, bringing the total of confirmed cases up to 19.

Seventy-five workers have been impacted by an outbreak at Bylands Nurseries, including 63 migrant workers and 12 local workers, according to health officials.

Coronavirus: Okanagan teen relieved to be back in Canada after visiting ‘surreal’ Italy

Clark Coombs is relieved to be back home in the Okanagan after flying home from Europe last week.

“It’s really amazing,” he told Global News.

Coombs, 18, spent the last three months in Italy, where the death toll from the coronavirus has now surpassed 13,000, the highest number of fatalities in the world.

MEDIA-U.S. Treasury department selects Wall Street banks to advise on airline aid – WSJ

— Source link: on.wsj.com/2R319YR

— Note: Reuters has not verified this story and does not vouch for its accuracy

University of Saskatchewan not changing grading system despite calls for leniency during pandemic

Post-secondary students are calling on the University of Saskatchewan to temporarily change its grading system, citing concerns with how the COVID-19 pandemic will affect their final marks.

Students have been learning remotely since mid-March.

Montreal couple who both caught COVID-19 having very different experiences

Melanie Fournier, a 42-year-old Dollard-des-Ormeaux resident, feels she is nearing the end of her battle with COVID-19.

“Actually, I’m feeling much better. I’m feeling like I can breathe better,” she said Wednesday.

Pharmacists in Winnipeg allotted no PPE from province amidst COVID-19 pandemic

Gloves, specific face masks and medical gowns are all classified as personal protective equipment (PPE) used by frontline heath care workers like doctors and nurses right now to help reduce the spread of COVID-19.

Rockies podcast: Denver Post beat writers square off to draft all-time Colorado teams

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U.S. will work with global oil producers to address volatility in markets -Trump adviser

WASHINGTON, April 1 (Reuters) – The United States “will work with the world’s largest oil producers to address volatility in global oil markets,” U.S. President Donald Trump’s national security adviser Robert O’Brien said on Wednesday.

O’Brien made the remark at a White House news conference where Trump addressed the coronavirus crisis and other issues. (Reporting by Jeff Mason; Writing by Mohammad Zargham; Editing by Sandra Maler)