The shuttering and closing of most establishments have been implemented and will soon be implemented by most of the states in the US as per the recommendation of the CDC to slow down the spread of the coronavirus.
The White House Coronavirus Task Force meeting would be done today at the Whitehouse with Vice President Mike Pence and President Donald Trump together with the governors for combating the crisis.
A lot of news has been going on around and here are some of the major changes and headlines which is related to the pandemic coronavirus:
Residents from New Jersey are not allowed to leave their homes from 8 P.M. to 5 A.M. Many of the business restrictions such as restaurants, gyms, and other business establishments were asked to temporarily close down in New York, Connecticut, Indiana, Maryland, and some other states.
Since 1918, there is a postponement of oral arguments in the Supreme Court.
There are now some travel restrictions within the US. Disney World is eventually also closing its doors to its visitors and guests. Not only that but major hotels in Las Vegas have decided to close as well.
The White House also made clear that it is not considering the national curfew and national quarantine as some news reports have been saying. Katie Miller, the spokeswoman for Pence, clarified it and tweeted “This is not correct”.
A National Security Council tweet also made a statement regarding some text messages floating. They finally made a statement and said “Text message rumors of a national #quarantine is FAKE. There is no national lockdown.”
Earlier today, the CDC issued a new guideline and recommended a guideline against a gathering with 50 or more attendees for the next eight weeks to stop the rapid spread of the coronavirus.
Those who have already organized it should cancel or postpone it.
Their statement on their website says ” CDC, following its guidance for large events and mass gatherings, recommends that for the next 8 weeks, organizers (whether groups or individuals) cancel or postpone in-person events that consist of 50 people or more throughout the United States”.
It also clarified “does not apply to the day to day operation of organizations such as schools, institutes of higher learning, or businesses.”
Investors scuffed during the opening of trading on Monday. The president already used the Federal Reserve to cushion the economy that has been shutting all the economy all over the world.
A portfolio manager from CLS Investments said, “Investors aren’t happy because these rate cuts won’t stimulate the economy in the near term. You can’t stimulate demand if everyone is stuck in their house,”
There has been no impact despite the different efforts from the Central Bank but despite these economic anxieties that the pandemic has brought, interest rates are brought down to its lowest and bond yields have dropped below 1%.
Mortgages have also dropped to one of the lowest. This is an advantage to first-time homebuyers and those wanting to do some refinancing. As for mortgages, the bank charges now the lower rate for interests.