50 million Job Losses Ahead?, Oil Plunges, Promising Vaccine News, and the Fed’s unintended Mortgage Mess.

<p>New data from the Federal Reserve suggests the coronavirus could lead to nearly 50 million job losses and an unemployment rate of 32%. We look at the potential fallout for the markets and the economy. </p><p>Oil drops below $20 a barrel overnight. This as world demand is forecasted to plunge 20% from last year. Are bankruptcies inevitable at this point? We’ll ask.</p><p>Plus, shares of Johnson & Johnson higher on news that the company could have a vaccine ready in record time. Abbott Labs announcing some positive news of its own. We get you caught up with all the latest drug headlines.</p><p>And, the Fed’s effort to help the mortgage market could end up having the opposite effect. We’ll tell you why.</p>