The Daily Money 5-6
Welcome to Wednesday and also, happy National Nurses Week, a time when restaurants and stores will offer free meals and shoes to our first responders.
It's David, with the latest money headlines.
Let's start with the bad news: April will likely go down as the worst month ever for American workers, with economists expecting at least 21 million job losses and a record unemployment rate of 16% caused by coronavirus shutdowns. The final numbers are due out Friday.
COVID-19 is also locking down the dreams of aspiring athletes. Families and their young players are losing scholarship money and access to top tier sports programs as universities shut down.
But there's a flicker of good news for caffeine addicts. As shutdowns ease in more cities and states, Starbucks plans to reopen 85% of its U.S. coffee shops, starting this week. Customers should expect new protocols and restrictions, however.
Want more money and tech news? Keep scrolling down.
David Brinkerhoff, Deputy Money editor.