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Record jump in US jobless claims expected as Covid-19 hits economy - business live

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Rolling coverage of the latest economic and financial news, as investors brace to learn how many Americans lost their jobs last week

Back in the UK, the Daily Mail’s owner has warned shareholders it will miss its revenue targets this year, due to the Covid-19 crisis. DMGT says that its events and exhibitions arm, and consumer media businesses, are now suffering from the coronavirus outbreak and the efforts to control it.

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Thanks Captain Obvious

It will be BRUTAL. In fact you could call it 'American carnage'.

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