The Monday Mix: March 23 – 29, 2020

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Headlines discussed at LNWM’s Monday morning briefing:

A $2.2 trillion economic relief package was signed into law by President Trump; US gov’t will spend roughy 10% of US GPD to support workers and businesses as stay-at-home policies continue through April.

US unemployment claims soared to 3.28 million the last full week of March, highest ever weekly number; 2nd highest was 695,000 claims week of Oct. 2, 1982.

A key index of US consumer sentiment fell to 89.1 in March from 101 in Feb. 4th biggest monthly drop in past 50 years.

— The Eurozone is facing new financial pressures: Germany and the Netherlands are blocking calls by Italy, Spain, France to issue common Eurozone debt to combat economic impact of coronavius.

China will allow Wuhan residents to travel freely starting April 8; has closed the temporary hospitals in Wuhan that treated coronavirus patients.

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