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Stranger Than Fiction
A brief daily note of things you might find interesting or useful
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TOP NEWS
The Senate passed the largest rescue bill in America history. The $2 trillion bill is meant to stabilize the economy, putting cash into the hands of businesses and individuals. It now needs approval in the House which is expected to take it up today, and President Trump said he would sign it immediately.
Hospitals are at a breaking point. In New York City, one of the worst hit regions in the country, the morgue at Elmhurst Hospital in Queens is using a refrigerated truck to hold some of the dead. The U.S. Army Corps of Engineers has identified four sites to convert to temporary hospitals.
U.S. unemployment claims will reveal unprecedented numbers. Global markets dipped in anticipation of the shock it will likely have on the U.S. market today. U.S. stock futures tied to the S&P 500 dropped 1.3%, signaling an end to two days of gains in U.S. stocks.
Global number of infected exceeds 470,000, nearly doubling in a week, with more than 21,000 dead. Deaths have more than doubled from a week ago following big increases in fatalities in Italy and Spain. 25% of the people who have been infected globally have recovered.
THE ELECTION
THE COMMENT
“Biden is powerless to invoke the Defense Production Act or build medical surge capacity. But there are things that a well-connected and trusted politician can do even from the middle of self-isolation, such as speaking to communities and populations who distrust Trump and providing a platform to people with good ideas about what to do next. Biden doesn’t have to go into hiding, but neither does he have to become the chief critic of Trump. The time for that will come later.” - Monica Prasad, professor of sociology and faculty fellow at the Institute for Policy Research at Northwestern University
THE STRANGEST
THE AV ROOM