The issuance is part of nearly US$3T in borrowing this quarter
Despite loss, CEO remains optimistic about the future
Production, new orders, hiring and export orders all fell
In March, sales were down more than 15%
Video game makers and consumer staples have gained ground
The deterioration of sales outpaced the decline that took place during the depths of the Great Recession
Wells Fargo also saw profits plunge in Q1 due to the coronavirus pandemic
A partial recovery in 2021 is possible if the pandemic fades in the year's second half
The surge in claims has overwhelmed state unemployment offices
Economists estimate that 20 million Americans could lose their jobs by month's end