NYC Aims to Reopen in July; France to Ease in May: Virus Update
Bloomberg 2 mins ago Bloomberg News
(Bloomberg) New York City is moving to fully reopen on July 1., Mayor Bill de Blasio said, though Governor Andrew Cuomo said he wants it to happen sooner. Chicago is broadly easing restrictions to allow for higher capacity at restaurants, bars and large indoor venues. Michigan will tie reopening to hitting vaccination benchmarks.
Popular Searches
The U.S.’s focus on increasing vaccine supply for other countries may mean boosting manufacturing at American facilities rather than waiving intellectual-property protections, the White House said.
Heading into today s closely watched payrolls report which as we reported earlier was expected to show a sharp improvement in the labor market, it seemed that stocks were faced with a lose-lose dilemma: a strong number would boost inflation fears further, sending yields higher and crashing stocks; a bad number and the recovery narrative would be hammered as virus fears returned, hammering stocks.
So as traders were busy navigating this tricky mind maze, moments ago the BLS reported that as expected, in February the jobs picture improved dramatically, with the US adding a whopping 379K jobs, nearly double the 198K consensus estimate!