So bad that were going to be debating whether were in a serious recession or depression. We have pockets, though, of strength Like Technology and health care. But those pockets cant offset a very weak backdrop, can they we saw it again today. The dow lost 218 points. The s p 500, it tumbled. 7 . But the techheavy nasdaq also had the darn gall to rally. 51 , and was up a percent most of the day. Oh, the indignity. If you make technology that helps businesses cut costs by firing people, or having them stay home, youre doing great. If you make something people literally captain live cant live without, medicine, terrific Everything Else is a drug here staggering layoffs and the big drop in the index i am worried about, or at least a lot of what im worried about which is 9 s p 500. It gets worse. If you run a business leave it to the u. S. Economy and not chinas economy, well, now your stock is getting walloped. Over and over in the earnings season we see Companies Report an incredible 2 1
Research and the excitement for one man who emerges from the hospital after 52 days social distancing guidelines expire today as the president leads the response more than 60,000 have died but double that amount have now recovered from the virus over 124,000 people have recuperated. Gavin newsom is poised to close beaches and state parks to slow the spread of the virus los angeles has become the first major city to offer three testing to all of its rest depts even those with no symptoms. Priorities will be given to front line workers you can still don those derby hats lebron james is helping make graduation an all star event this year. It will feature the Jonas Brothers and other celebrities that will join in. Extremely sick patients, the fda is expected to grant emergency approval for doctors about nurses on the front lines, a new weapon on the fight against covid19 data shows that they are a clear cut significant effect for diminishing the time for recovery the drug is the preliminar
People out here and its not even as warm as it has been over the weekend will you seen all of these people coming out you can see people walking their dogs down there people taking strolls on the beach. So the catalyst for news of the decision if youre wondering were going to show you what those large crowds looked like over the weekend in ventura and orange county. Its actually reported the nearly 800,000 people. Were at a Newport Beach over the weekend you can see them with their surfboards out there gathering. Now also the role is if you live within 5 miles of beach thats the beach that he could vote who they were trying to keep you away from beaches outside of that Governor Newsome sane the large crowds were an example of what we should not be doing. About a 100 beaches and sort of easily defined 100 beaches. And there were 5 where we had some. The ticker johns overwhelming there were no major issues quite frankly, no issues of note. Particularly. La san diego parts of the bay area
New york city to your couch somewhere in the world, this is the social distancing show with Trevor Noah Trevor although things may seem dark right now, its important to remember theres some sort of light up ahead and, yes, that light may just be the world on fire, but beyond that light is another lying. And that second light is what i like to call a ray of sunshine. Lets kick it off with the heros of the pandemic. Since black panther and thor and other losers only work in avengers movies, weve come to realize our true heroes are the essential workers who are keeping people alive and fed and, yes, they might not seem as cool as batman and spiderman, but all of that is about to change. Mattel is honoring essential workers on the frontline to have the covid 19 fight with a special edition line of Action Figures. They are called thank you heroes. The 16 collectible Action Figures include doctors, nurses, e. M. T. S driver and a little set that includes a Grocery Store worker. Each set cost
The answer is not for a long time even the greatest optimists think a mass vaccine in the middle of 2021 maybe something smaller this fall the idea of something that is just given to you in the hospital iv that makes it so it eliminates the lets say the odds of you dying, its something that makes us feel like maybe this is the tamiflu for this dreaded disease i think, of course that makes people feel more optimistic. Everybody wants the country open, but nobody wants to do its been that stark, that bipolar. How about we get it open versus getting really sick. Thats something that people will say open it up, thats why the market is flying its not the tamiflu, its for when you are already fairly sick its very important i dont want to discount it in any way, listening to Scott Gottlieb has been one of the more rational voices on this throughout. He frames it properly. We actually do still need those antivirals that would be taken earlier in the course of the disease to mitigate its effect