Transcript
News Anchor (0:05)
Good morning.
Cecilia Ley (0:06)
Trump's oil blockade plunges Cuba into a major crisis as some flights to the island are suspended.
Jose DeCordova (0:12)
Cuba is enormously vulnerable at this time. The US Is immensely powerful and it's a huge power imbalance.
Cecilia Ley (0:21)
The Wall Street Journal explains why it's such a tough job market right now. And strange things are happening to some Winter Olympic medals. It's Tuesday, February. Cecilia Ley in for Shamita Basu. This is Apple News.
News Anchor (0:35)
Today.
Cecilia Ley (0:44)
Cuba's economy appears to be in serious trouble. The country has been starved of fuel and it's facing shortages of pretty much.
News Anchor (0:52)
Everything, including food and medicine.
Cecilia Ley (0:55)
Yesterday, Air Canada announced it would have to suspend flights to the island after.
News Anchor (0:59)
Cuba warned that airlines would struggle to refuel.
Jose DeCordova (1:03)
Cuba has been in an economic crisis for a while and it's now it's on the border of an economic meltdown. Basically. Cuba needs roughly 100,000 barrels of fuel of oil each day and it only produces about 40,000 barrels.
Cecilia Ley (1:24)
That's Jose Decordova, the Wall Street Journal's Latin America correspondent. He told us the news of flight withdrawals comes at a perilous time for the country.
Jose DeCordova (1:33)
That's a huge blow to Cuba's tourist industry, which is one of the most important pillars of Cuba's economy. And that's just one of many measures that the Cubans are doing to try to deal with this emergency situation.
Cecilia Ley (1:51)
The government has now decreed a four day week for state workers and told.
News Anchor (1:54)
Hospitals to only carry out completely necessary operations. Cuba has been subject to sanctions for decades, but things have deteriorated after the US Began choking off off oil supplies more aggressively. Cuba can no longer rely on Venezuela following the US intervention there and now its other major source, Mexico recently said it will stop supplying oil as well. President Trump had been threatening tariffs against anyone doing business with Cuba through recent executive order, though Mexico insisted it was a sovereign decision. In a rare and hastily arranged press conference, Cuba's President Miguel Diaz Canel said there had been a, quote, psychological war against his country. Over the weekend on Air Force One, Trump suggested that the US Was ready for discussions.
