CGTN America

CGTN America 19 Mar 2020

How are small businesses going to survive the economic downturn of the COVID-19 era?

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CGTN visits a normally bustling neighborhood of Washington D.C. to show how small businesses are being impacted by the coronavirus pandemic.


On today's What America's Thinking a new Hill/HarrisX poll finds 59% of voters say they've been negatively impacted in a financial way by the economic chaos caused by COVID-19. The Hill's Senior Reporter, Scott Wong, gives Hill TV an update on the Senate's stimulus package and what it entails. Mike Konczal, Director of Progressive Though at the Roosevelt Institute, joins What America's Thinking to discuss what the economic fallout of the pandemic could be and what this could mean for progressive policies moving forward.

This survey was conducted online within the United States from March 22-23, 2020 among 1,002 registered voters by HarrisX. The sampling margin of error of this poll is plus or minus 3.1 percentage points. The results reflect a nationally representative sample of registered voters. Results were weighted for age within gender, region, race/ethnicity, income, political party, and education where necessary to align them with their actual proportions in the population.
Major tech conferences around the world are scrapping their events due to coronavirus. As of early March, the economic impact of these cancellations had surpassed $1.1 billion and since that time, the number has only increased as more events are scrapped everyday. Major cities from San Francisco to New York have banned large gatherings, as diagnoses in the U.S. have soared. It's undoubtedly a smart move for public safety. But all these cancellations, particularly of major conferences, are taking a huge financial toll.
China's economy is grinding to a halt as the government scrambles to stop the spread of the deadly Wuhan coronavirus, fueling fears that efforts to contain the outbreak will have worldwide economic consequences.
The Trump administration is working on an economic proposal to stimulate the economy that could be worth upwards of $1 trillion. One America's Stephanie Myers caught up with Jay Young, the CEO of King Operating Corporation and the author of "The Upside of Oil and Gas Investing, to get his take on the economic impact of the pandemic.

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