That was the second-worst single day performance for the S&P 500 – EVER.
Stocks are plunging. And that’s why I’m hosting this urgent event . . .
Emergency Briefing: The Bloodbath Millionaire Trader
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The Big News…
San Francisco: 7 Million People Locked Down
Over 7 million people in the Bay Area are now under 100% lockdown. People are told to stay home and not leave. The order allows people to walk outdoors – as long as they keep six feet away from others. This is the first official lockdown in the U.S. Prepare for similar announcements in the coming days.
Coronavirus Vaccine: Testing Starts in Seattle
Seattle is ground zero for Covid-19 in the U.S. And that’s why the FDA has agreed to fast-track testing of this vaccine in Washington hospitals. Nearly 50 people are currently receiving the treatment as part of a clinical trial.
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Amazon Booming: Hiring 100,000 People
Amazon (NASDAQ: AMZN) is seeing sales surge. The e-commerce giant says sales are surging. The company will hire 100,000 additional employees – effective immediately. Plus, all hourly workers will get a $2 per hour raise.
Amazon Prime members are also seeing delivery delays. My own Amazon orders are now requiring 4 – 5 days for delivery. This is another sign that Amazon is flooded with business.
President Trump: Get Rid of Your Friends
Many states have begun limiting gatherings of large groups. Last week, gatherings were limited to 200 people. As of today, it’s 50 people. And President Trump warned on Monday that that ideal number is “less than 10 people” in a room.
Bars & Restaurants = CLOSED
State and city governments are ordering the closure of bars and restaurants. California, Illinois, Washington and New York City have all forced the closures. Restaurants with takeout or delivery service will be allowed to remain open.
Mitt Romney Proposes $1,000 for Every American
Republican Mitt Romney has a bold proposal. Send a check for $1,000 to every American adult. Putting cash directly in the pocket of every American is a quick way to stimulate the economy. This was one of several new proposals from Romney – who has been an outspoken opponent of President Trump.
Congress Prepares $750 Billion Coronavirus Bill
The House of Representatives is finalizing a $750 billion spending bill. The legislation would help hospitals, expand unemployment, fund childcare, and help small businesses. The bill will go to the Senate by the end of the week. Plus, this novel coronavirus vaccine could get billions.
The Coronavirus Numbers
Here are the numbers from Tuesday morning at 9:45am ET.
- 188,387 Infected worldwide
- 7,499 Deaths from coronavirus
- 4,748 Infected in the U.S.
- 93 Deaths in the U.S.
Today President Trump announced that he’s requesting $850 billion from Congress. The stimulus package is designed to cushion the blow from the oncoming coronavirus recession.
$50 billion would be set aside for the airline industry. Plus, the president is requesting a payroll tax cut.
Trump will meet with Republicans on Tuesday.
Yours in Health & Wealth,