Four weeks after easing “stay at home” orders . . . many states are beginning to see a large and rapid increase in Covid-19 cases.
During the last two weeks hospitalizations increased in over 12 states. Plus, the number of Covid-19 cases is increasing in 17 states.
The Centers for Disease Control estimates that total deaths could exceed 130,000 by July 4.
There are 2 million positive and confirmed Covid-19 cases in the U.S. And 114,000 total deaths.
New Covid-19 cases are increasing rapidly – especially across southern and western states. States experiencing at least a 10% increase in cases during the last week include Alaska, Alabama Arizona, Arkansas, California, Florida, Georgia, Hawaii, Louisiana, Mississippi, Montana, Nevada, North Carolina, Oklahoma, Oregon, South Carolina, Texas and Wyoming.
There is growing concern that a second wave of the virus is coming. This second wave was widely anticipated in fall or winter. However, rapid re-opening and may result in a rapid increase in cases as soon as July.
The stock market has been very volatile in recent days.
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Gov. Cuomo Warns New York City
Governor Cuomo is warning that New York may reverse reopening. The state has received over 25,000 complaints regarding businesses that are not abiding by reopening guidelines.
FDA Cancels Approval of Malaria Drugs
The FDA announced that its canceling “emergency approval” of two malaria drugs for use in coronavirus cases. President Trump has actively promoted the drugs as potential solutions. The FDA says both drugs are “unlikely to be effective.”
China Locks Down Part of Beijing
China reported 79 Covid-19 infections in Beijing. The outbreak is concentrated at a food market in the city. In response, China shut down the entire neighborhood. Beijing had gone 56 days without a new locally born case. The flair up shows how challenging it can be to contain the virus.
Pot stocks are surging 70% – doubling the returns of blue-chip stocks. Americans are increasing consumption of cannabis and CBD during the pandemic. And it’s sending these stocks surging. Go here for my #1 stock to BUY NOW.
The Coronavirus Numbers
Here are the numbers from Monday at 12:30 p.m. ET.
- 8,055,339 Infected worldwide
- 436,806 Deaths
- 2,170,711 Infected in the U.S.
- 117,951 Deaths in the U.S.
Stocks plunged late last week. And the market’s slide continued extended into Monday’s trading session.
The markets opened down 2% – 3%. By midday trading, the Russell 2000 and Nasdaq were in the black. Meanwhile, the Dow Jones industrials and S&P 500 continued to trade in negative territory.
In recent weeks there’s been great optimism regarding the reopening of the economy.
However, there is great concern that increased Covid-19 cases may hamper America’s economic rebound. And with the rate of new cases increasing it may cause new restrictions.
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Yours in Health & Wealth,