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How Coronavirus Spread Through Corporate America
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As corporate America takes stock of the damage it finds on April 12, 2020-
270 companies have draw on existing credit lines or added ones for a total $221 billon in new debt.
100 companies furloughing 3 million employees.
Unemployment insurance claims filed by 17 million people.
Airlines, retail and automobiles some of the worst hit industries.
President Trump acted quickly on April 11, to save the oil and gas industry by negotiating cuts with OPEC+ so that oil prices do not collapse at the opening of markets on April 13 from the price of $22 barrel. He also pledged to save Boeing.
Taking stock of the economic damage from coronavirus in April 2020- America
04/13/2020
Airlines, automobiles and retail are some of the worst hit industries.
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