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Coronavirus update April 24

Current Events, Financial Crisis

Coronavirus
- US officials confirm full-scale investigation of whether coronavirus escaped from Wuhan lab
- Chinese Communist Subversion of WHO Undermined Global Pandemic Response
- Covid-19 is rapidly becoming America’s leading cause of death
- Can the coronavirus be spread through farts?
- Coronavirus has mutated into 30 strains and the one ravaging Europe is more deadly than the US strain, Chinese study finds
- In New York’s largest hospital system, 88 percent of coronavirus patients on ventilators didn’t make it
- Elizabeth Warren’s oldest brother has died of coronavirus
- ‘We will not have a vaccine by next winter.’ Like Spanish flu of 1918, CDC says second wave of coronavirus could be ‘even more difficult.’ Will herd immunity help?
- Trump's disinfectant idea shocking and dangerous, doctors say

Business/Economics
- The Trickle-Up Bailout
- The Finance 202: Alarming new data show the worst might be ahead in a coronavirus economy
- Walmart to require employees to wear face masks Monday
- Record government and corporate debt risks 'tipping point' after pandemic passes
- Construction industry hit hard, even as states deem it an ‘essential service’
- Coronavirus job losses hit these 10 states the hardest
- Billionaire Branson Asks For Government Money To Save Virgin Atlantic, Claims He ‘Did Not Leave Britain For Tax Reasons’
- Harvard And Other 'Well Endowed' Colleges Face Backlash For Tapping Tens Of Millions In Stimulus Funds
- Fed's National Activity Index Crashes Into Deep Recession Territory
- The Market Is Breaking... Everywhere
- Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash
- Oil Crash Accelerates, Rippling to Currencies and Stocks
- Central Banks Have Pumped An Annualized $23.4 Trillion Into The Financial System
- Existing Home Sales Tumble In March, Face 40% Collapse, NAR Warns
- Treasury Yields Are Tumbling... 5Y Just Hit Record Lows
- Here Are The 'Publicly Traded' Companies That Quietly Got A 'Small Business' Bailout
- The Death of the Department Store: ‘Very Few Are Likely to Survive’
- Killed By The Coronavirus Lockdowns: 1000s Of U.S. Businesses That Were Shut Down Will Be Closed Permanently
- Here are the largest public companies taking payroll loans meant for small businesses
- Harvard says to keep stimulus grant after Trump vows it will be returned
- Market Mayhem Meets Liquidity Mismatch: “At Least” 76 Mutual Funds in Europe Were “Gated” in March
- GM And Ford Are One Step Closer To Losing Billions On Used Car Price Plunge
- S&P 500 companies spent $7 trillion on buybacks and dividends and “been rewarded’ by coronavirus bailouts, says Social Capital CEO
- More Than 4 Million Workers Filed Jobless Claims: Live Updates
- US New Home Sales Have Never Dropped This Much In March... Ever
- Treasury Orders Public Companies To Repay PPP Loans Meant For Small Businesses
- Get Ready for the Return of Inflation
- Treasury gives big public companies until May 7 to return loans meant for small businesses
- US Durable Goods Orders Collapse In Early March Data
- US factory orders plunge 14.4% as economy grinds to halt
- "It's The Perfect Storm" - SoftBank Reports Staggering $25 Billion Q1 Loss
- U.S. Fed balance sheet increases to record $6.62 trillion
- Consumer Sentiment Improved In Early April Before Crashing Again
- Major U.S. credit card issuers begin lowering customer spending limits
- The Congressional Budget Office forecasts a $3.7 trillion deficit, a 5.6% economic contraction and an unemployment rate of nearly 12% by year’s end

Government
- This is where all 50 states stand on reopening
- Massachusetts Joins New York, New Jersey, Connecticut, Pennsylvania, Delaware and Rhode Island's Multi-State Council to Get People Back to Work and Restore the Economy
- Georgia Will Become First State In The US To Reopen: Live Updates
- Trump Temporarily Suspends All Immigration Into The United States
- Trump Announces 60-Day Pause On Immigration For ‘Individuals Seeking Permanent Residency’
- Mayor Lightfoot Says Stay-At-Home Order Could Go Into June
- Trump reverses course, says it's 'too soon' for Georgia Gov. Kemp to reopen state
- "Most, If Not All" Of The American Economy Should Reopen By Summer's End, Mnuchin Says
- Trump signs into law $484 billion bill that replenishes coronavirus aid program for small businesses

Military
- Pentagon to ask U.S. Congress for emergency coronavirus funds to support defense industry

World
- Riots and looting in Cape Town as Africa suffers 1,000 coronavirus deaths
- Coronavirus journey: The 'last cruise ship on Earth' finally comes home
- German Lawyer Who Criticized Lockdown Arrested, Taken To Psych Ward
- A million Brits are set to have their wages paid by the state as firms rush to join new compensation scheme
- US source: North Korean leader in grave danger after surgery
- Second night of riots as Paris locals react with fury over 'racist' police attacks on minorities during coronavirus lockdown
- Indonesia's Palu endured a triple disaster, now coronavirus looms
- Japan to boost stimulus to $1.1 trillion as virus threatens deeper recession
- China's fiscal revenue plunges 26.1% as virus ravages economy
- Netanyahu and rival Gantz clinch Israel power-sharing dealrm-emergency-governmen
- Israelis Just Showed the World What a Socially Distant Protest Looks Like
- Rampage leaves 18 dead in Canada's worst mass shooting
- Once safer than gold, Canadian real estate now facing its acid test
- Official unemployment numbers don’t show the true crisis for workers affected by coronavirus
- Germany Cancels Oktoberfest Over Coronavirus Fears
- Migrant Areas of Paris Hit With 3rd Consecutive Night of Riots
- Japanese PMI Collapses To Record Low, Signals 10% Crash In GDP
- New coronavirus outbreak in northern China puts city of 11 million on lockdown
- Eurozone economy suffers 'unprecedented' collapse
- Debt Monetization Creeps Closer by the Day in New Zealand
- NZ central bank governor says not ruling out negative interest rates
- BOJ To Launch Unlimited QE, Double Corporate Bond Purchases
- "Unprecedented Damage To The Euro Zone" - European PMIs Hammered By Record Collapse
- When $8 Trillion in Global Fiscal Stimulus Still Isn’t Enough
- Ecuador’s Death Toll During Outbreak Is Among the Worst in the World
- In Pictures: Lockdown adds to India's slum dwellers' woes
- Germany requires everyone to wear a face mask as coronavirus spreads

Local
- Georgia to allow some shuttered businesses to reopen amid pandemic
- Georgia mayors blindsided by Brian Kemp’s decision to let businesses reopen
- ‘There’s nothing essential about going to a bowling alley,’ says Keisha Lance Bottoms
- Georgia's Covid-19 reopening pits white governor against black mayors
- “I’m being forced to choose between my health and my job”: Georgia’s controversial reopening plan, explained
- ‘Wuhan Plague’ plaques found on Atlanta businesses, streets

Social
- Hundreds swarm Florida beaches following reopening amid pandemic
- ‘This Government Is Lucky’: Coronavirus Quiets Global Protest Movements

Unemployment
- More than HALF of Los Angeles workers are now unemployed just one month into coronavirus lockdowns
- Coronavirus Sends One-Fifth of Workers to Unemployment Line in Some States
- States Burn Through Cash for Unemployment Payments
- Coronavirus furloughs begin for more than 100,000 Disney, Best Buy, CarMax workers
- ‘Florida Is a Terrible State to Be an Unemployed Person’

Personal finances
- Who Has Enough Cash to Get Through the Coronavirus Crisis?

Media
- Here's why you should care coronavirus is obliterating the media
- The Coronavirus Is A Media Extinction Event
- News Media Outlets Have Been Ravaged by the Pandemic
- Fighting COVID-19 goes hand-in-han
- “A Darwinian Moment”: The Coronavirus Is Blowing Up the Media Landscape

Education
- "The Hit Is Huge": Colleges Brace For 'Fatal' Blow Of Next Fall As Face-To-Face Instruction Uncertain

Weather
- California, rest of the West sinking into a rare mega-drought, scientists say
- California and West suffering worst ‘megadrought’ in centuries, study of tree rings shows
- Southern States Face Giant Hail and Tornadoes for the Second Weekend in a Row
- Severe weather may target one region of US for several weeks

Oil
- Historic Oil Crash Sends Canadian Oil Prices Negative
- U.S. oil tumbles toward biggest one-day drop in history, off more than 38% near expiration as crude’s woes continue
- Oil market in ‘super contango’ underlines storage fears as coronavirus destroys crude demand
- In a historic plunge, the U.S. oil May benchmark fell 300% to a negative $37.63 a barrel
- Singapore giant oil trader Hin Leong failed to declare $1.14 billion losses
- Oil export price for Mexico's Pemex dips into negative territory
- World's Biggest Oil ETF Suspends Sales Of Creation Baskets: "This Shock Is Real... Be Very Careful Out There"
- The Third Largest Oil ETN Is Liquidating
- "Yesterday Was Scary, Today Is A Lot More Scary": Black Gold Bloodbath As 'Paper' Oil Plunges Everywhere
- ‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation
- USO Oil ETF To Execute 1-For-8 Reverse Stock Split
- About 150-years of oil-price history in one chart illustrates crude’s spectacular plunge below $0 a barrel

Precious metals
- "Lethal For Bullion Banks" - The Looming $600 Trillion Derivatives Crisis

Food
- Mile-Long Line Of Cars Waiting ... In Between Luxury Hotels
- It's Not Just Toilet Paper, Seed Shortages Spread As Locked-Down Americans Turn To Growing Their Own Food
- Schools Transform Into ‘Relief’ Kitchens, but Federal Aid Fails to Keep Up
- Meat Prices Suddenly Surge As Food Processing Plants Shut Down, With 1000s Of Tons Left To Spoil
- Food-Shortage Fears Well-Founded? Tyson Closes Nation's Largest Pork Plant Over COVID Concerns
- Five threats to US food supply chains
- Coronavirus pandemic 'will cause famine of biblical proportions'
- Coronavirus-driven CO2 shortage threatens US food and water supply, officials say
- The Meat Number That Makes Even Naysayers Worry About Shortages
- Missouri Pork Plant Workers Say They Can’t Cover Mouths to Cough
- Grocers Hunt for Meat as Coronavirus Hobbles Beef and Pork Plants

Op-ed
- Why it’s not so crazy that stocks are rising even though 26 million people are out of work

Posted: 2020-04-24 16:18:31


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