The Monday Mix: March 16 – 22, 2020

hand holding a coffee cup and newspaper

Headlines discussed at LNWM’s Monday morning briefing:

The Fed said it will buy assets “in the amounts needed” to support the smooth functioning of US markets, as Congress considers $2 trillion in new fiscal spending.

Claims for US unemployment benefits rose by 70,000 last week; however, firms like Amazon and Walmart look to add more than 100,000 jobs each.

Nearly 33% of Americans are under state orders to stay at home to limit the spread of the coronavirus, with the National Guard and FEMA called in to help NY, CA and WA.

US retail sales fell 0.5% in February, an early sign that consumer spending was starting to be impacted even before the coronovirus spread widely in the US.

China is slowly easing its 2-month lockdown of the city of Wuhan; everyone entering China is being tested for the coronavirus.

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