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Markets Suffer Sharpest Drop in Months Amid Grim Forecasts & Rise in Cases

JacksinPA

JacksinPA

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Coronavirus Live Updates: Stocks Dropping Sharply - The New York Times

Arizona, one of the U.S. states that began reopening earliest, is emerging as a hot spot. Known cases in Africa doubled in the last 18 days.

RIGHT NOWThe S&P 500 plunged nearly 6 percent, its sharpest decline in three months, as grim forecasts and new virus cases pierced Wall Street’s bubble.

Here’s what you need to know:
Stocks fall, 1.5 million more U.S. workers file for unemployment, and Congress is divided on extending aid.
A jump in cases in Arizona is fueling concerns of an increase in community spread.
===============================================================
And all this cash that is being printed is only going to stroke inflation.

Trump's people should rewrite his current ad, that he is rebuilding the economy. With all these states opening up, hospitals are going to be overcrowded & the economy will only worsen .
 
Seems that perhaps Trump declared economic victory a bit too soon.
 
Ikari said:
Seems that perhaps Trump declared economic victory a bit too soon.
Click to expand...

I think it's going to get a lot worse. Poor timing on Trump's part heading into Nov.
 
JacksinPA said:
I think it's going to get a lot worse. Poor timing on Trump's part heading into Nov.
Click to expand...

this is an instance when tRump was unable to manipulate the circumstances that have tanked the economy
just terrible timing over which he had no control
even worse than visited mccain when he insisted "the fundamentals of the economy are strong" as the republican economy nosedived into the great recession
 
Ikari said:
Seems that perhaps Trump declared economic victory a bit too soon.
Click to expand...

There was no Rose Garden address today.....
 
Ikari said:
They'll have to start giving Bunker Addresses from now on, lol.
Click to expand...

Check with DEM DEUTSCHE VOLKE as to how the bunker addresses worked out........
 
I'm very curious as to the cOVID-19 fallout from the Tulsa rally. Very few in attendance, including Trump, will be wearing masks. Wait 2 weeks then look at the Tulsa area hospitalizetion numbers.

Tulsa County Sees Largest Single-Day Increase in COVID-19 Cases | Public Radio Tulsa

Tulsa County Sees Largest Single-Day Increase in COVID-19 Cases

The Oklahoma State Department of Health reported 65 new COVID-19 cases in Tulsa County on Tuesday, the county's biggest one-day increase during the state's now three-month outbreak.

Tulsa County now has 1,261 confirmed cases of COVID-19, second most in the state behind Oklahoma County's 1,404. Tulsa County's previous one-day high in new cases was 45 on April 3 and April 29.

On Friday, the Tulsa Health Department offered free COVID-19 testing at a food distribution event in north Tulsa. They quickly reached capacity there. Fewer tests are processed over the weekends.

The health department reported 158 new coronavirus infections statewide on Monday, bringing Oklahoma's total number of confirmed cases to 7,363. The number of new cases was the highest since May 22 and the fifth-largest one-day increase overall.
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Watch these numbers after the rally. OK has spent millions of $$$ on hospital beds in case there is a big surge. They may need them.
 
Last edited:
JacksinPA said:
Coronavirus Live Updates: Stocks Dropping Sharply - The New York Times

Arizona, one of the U.S. states that began reopening earliest, is emerging as a hot spot. Known cases in Africa doubled in the last 18 days.

RIGHT NOWThe S&P 500 plunged nearly 6 percent, its sharpest decline in three months, as grim forecasts and new virus cases pierced Wall Street’s bubble.

Here’s what you need to know:
Stocks fall, 1.5 million more U.S. workers file for unemployment, and Congress is divided on extending aid.
A jump in cases in Arizona is fueling concerns of an increase in community spread.
===============================================================
And all this cash that is being printed is only going to stroke inflation.

Trump's people should rewrite his current ad, that he is rebuilding the economy. With all these states opening up, hospitals are going to be overcrowded & the economy will only worsen .
Click to expand...

Where do you see long term demand outstriping supply which would cause the inflation you are expecting?
 
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