Coronavirus Economic Outlook Briefing: You’re invited to join me for today’s LIVE video call. We’ll explore whether this will cause a recession like 2008 – 2009 . . . or whether we’re headed toward another Great Depression like the 1930s.
The economic outlook is changing very quickly. And it’s crucial that you understand how this pandemic will impact the economy – and your investments.
Just click here for today’s video call. It’s LIVE at 4 p.m. Eastern Time / 1 p.m. Pacific Time.
Just after midnight, Congress and President Trump reached a bailout deal.
This morning lawmakers are finalizing the legislation, And the president is expected to quickly sign the bailout bill into law.
Senate Majority Leader Mitch McConnell explained . . .
“The men and women of the greatest country on Earth are going to defeat this coronavirus and reclaim our future. And the Senate is going to make sure they have the ammunition they need to do it.”
The final bill is expected to provide:
- $1,200 in cash for most American adults
- $500 in additional cash per child
- $350 billion in loans to small businesses
- $150 billion for the health care system
- $150 billion for state and local governments
Stocks rallied Wednesday in anticipation of the bailout legislation. The Dow rose 11% yesterday – the largest single day gain since 1933.
On Wednesday morning stocks were extending these gains on the bailout news.
Meanwhile, the spread of infections continues to surge. As of this morning, there are 439,000 cases worldwide. And in the U.S. the number of coronavirus patients soared past 55,000.
Volatility in the financial markets is expected to continue – until this coronavirus is contained.
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The Big News…
Johns Hopkins: 1 Vaccine Can Cure Coronavirus
One of America’s top medical schools says that the coronavirus isn’t mutating very quickly. In fact, there are just 4 – 10 genetic mutations of the virus. And that means a single vaccine could completely stop the spread of the virus.
St. Louis Fed: 30% Unemployment
St. Louis Fed President James Bullard just issued a warning. He says unemployment could surge to 30% in the second quarter of this year. He says that the negative impact on GDP will be shocking. Bullard also says that the economy will bounce back quickly.
National Guard Building Field Hospitals
The U.S. National Guard is now constructing field hospitals in states hit with the coronavirus. Meanwhile, the U.S. military is now beginning to build hospitals in New York and the Seattle area. Those two regions have been among the hardest hit with the virus.
England’s Prince Charles Has Coronavirus
Price Charles – son of Queen Elizabeth and heir to the throne – is the latest famous person to be infected with Covid-19. He and his wife are now isolating themselves in Scotland.
Coronavirus Costs $20k Per Person
The Kaiser Family Foundation just issued a report with the estimated cost of treating a single patient. The report says that a Covid-19 patient who is hospitalized could cost the patient $20,292. Even patients without medical complications could expect the total cost to approach $10,000.
Doctors plan to start testing this Covid-19 vaccine within the next couple of months. Go here for details on the biotech stock behind this new drug.
The Coronavirus Numbers
Here are the numbers from Wednesday morning at 11:30 ET.
- 440,795 Infected worldwide
- 19,758 Deaths
- 55,129 Infected in the U.S.
- 787 Deaths in the U.S.
Today, the financial markets are focused on the economic stimulus as well as the big moves taken by the Federal Reserve.
These are a good starting point. And it’s certainly helping support stock prices in the near-term.
However, America needs a Covid-19 vaccine to stop the virus and get the world back to “business as usual.”
That’s why I’m hosting this urgent briefing.
It reveals urgent details on the companies behind the new coronavirus vaccine. Plus, you’ll discover how you could see 773% AVERAGE PROFITS with these top biotech stocks.
Yours in Health & Wealth,