FINALLY! Second Stimulus Check Update: NEW Stimulus Checks & Giveaway! Monday, May 25th
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Key Financial News & Economic News
1. Last night the U.S. officially banned travel from Brazil.
As of May 23, 2020, Brazil had 310,087 confirmed cases of Covid-19, which is the third highest number of confirmed cases in the world,”
White House press secretary Kayleigh McEnany said that President Trump was adding Brazil to the list of countries where travel has already been banned, including Europe and China.
2. Houses of worship around the world face tough choices in reopening.
Congregations across the U.S. were still using Facebook or YouTube to hold services on Sunday, or were taking part from their cars in the church parking lot.
But pastors have been sharing plans for returning to in-person services in the weeks ahead while deciding how to do so safely as growing numbers of churches pushed back against restrictions on in-person worship, and as President Trump threatened on Friday to try to overrule governors who refuse to open houses of worship.
3. The vaccine developed first may not be the best, an expert warns.
Though there are promising signs that coronavirus vaccines will be successfully developed, an expert cautioned on Sunday that the first vaccines that become available may not prove to be the most effective.
Dr. Peter Hotez, the dean of the National School of Tropical Medicine at Baylor College of Medicine, said on the NBC program “Meet the Press” that some early vaccines may be only partly protective.
Dr. Dan Barouch, a virologist at Beth Israel Deaconess Medical Center in Boston who led the monkey trials said “What people don’t realize is that normally vaccine development takes many years, sometimes decades,” “And so trying to compress the whole vaccine process into 12 to 18 months is really unheard-of.”
He said “If that happens, it will be the fastest vaccine development program ever in history.”
4. Last night Trump tweeted that “Schools in our country should be opened ASAP.
He tweeted this after Steve Hilton of Fox News happened to be talking and urging schools to reopen “schools now before you do even more needless damage.”
A Politico/Morning Consult poll published last week found 41 percent of Americans said it was a bad to reopen schools this fall, while about one-third thought it was a good idea
5. Washington D.C opening
Until this weekend, Washington had 11 days of declining community spread of the coronavirus. The city said 14 days of decline were needed as one of the measurements necessary before moving to stage one of reopening.
We don't have to go to day zero," Director of the DC Department of Health,
The DC Department of Health said Sunday it would consider this a reset back to day 11 of the decline because the number of cases was fewer than the department’s calculation of the standard deviation for the number of cases.
New Stimulus Check
Proposal: Next $4,000 Stimulus Check Might Be A Tax Credit For Skills Training
Delay Social Security Benefits for a $5,000 Stimulus Check? Learn About the New Proposal
Mcconnel said that the next coronavirus relief package cannot exceed $1 trillion, and should be narrowly focused on getting money in people's hands immediately, sources familiar with the meeting tell Axios.
#StimulusChecks #StimulusUpdate #Stimulus
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