Disney has cut pay for 100,000 in response to the Covid 19 pandemic. Abigail Disney, grand-niece of founder Walt Disney, publicly criticized the move. A $1.5 billion dividend package for investors and executives will be left intact.
This is the fifth historic week for unemployment numbers, bringing the total to 26.5 million since March 14th.
A new survey finds 43% of U.S. small businesses are fighting for survival in the wake of the Covid-19 pandemic.
24% of businesses surveyed have already closed on a temporary basis.
This figure corresponds to 2% of all U.S. workers — 1 in 50.
Spain has nationalized all private hospitals in effort to contain coronavirus outbreak. The European nation also declared a state of emergency, placing the country in lockdown.