US economy shrinking while unemployment expanding

Markets are still on the rise despite mass unemployment in the United States. As stay-at-home orders persist, some economists estimate the economy could shrink between 30 and 40 percent for the second quarter of 2020. Plus, US President Donald Trump has readied an executive order aimed at social media giants following fact-check labels on his Twitter feed. Meanwhile, the Covid-19 outbreak has caused a major disruption in the travel industry, particularly airlines. A new report from the United Nations World Tourism organization says global tourism is going to drop by 70 percent in 2020 due to the pandemic.

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