Foreign Exchange Sky Eye APP News: Real-time statistics released by Johns Hopkins University in the United States show that as of 7:00 on March 23, Beijing time, the number of confirmed cases of new coronavirus pneumonia worldwide exceeded 330,000, with a total of 331,273 cases, a total of 14,450 deaths, and 97,847 cured. The number of confirmed cases of new coronavirus pneumonia outside China has exceeded 249,000.
Among them, the surge in the number of confirmed cases in the United States has attracted particularly attention. As of 6 pm Eastern Time on March 22, the United States has reported a total of 32,717 confirmed cases of new coronary pneumonia, 409 deaths, and 178 cured cases. In less than 18 hours on the 22nd, 6,670 new confirmed cases in the United States. Currently, the number of confirmed cases in the United States ranks third in the world, second only to China and Italy.
New York state accounts for nearly half of the total number of confirmed cases in the United States, reaching 15,777 on the 22nd, with 3,463 new cases in one day. Among them, New York City accounted for 9,654 cases, with 1,539 new cases. Other states with thousands of confirmed cases include Washington state 1,996, New Jersey 1,914, California 1,701, Illinois 1,049, and Michigan 1,035.
However, in the face of the escalating surging epidemic, the two parties in the United States are still stalemate in negotiations on economic relief plans. Affected by this, US stock futures will be opened and circuit breaker ...
☆Party talks collapse! US stock futures broke at the opening...
Due to the impact of the global COVID-19 epidemic, the futures prices in the U.S. stock market fell sharply on Sunday, indicating that US stocks may continue to decline when they open on Monday.
S&P 500 futures plunged 5% a few minutes after opening Sunday at 6 p.m. Eastern Time (6 a.m. Beijing time on Monday), hitting trading restrictions. The U.S. Congress Senate has not reached an agreement on a new round of epidemic response agreement with a total amount of about $1 trillion.
In addition to the US stock market, WTI crude oil futures fell by nearly 6% at the beginning of the trading session, with a low of $20.80/barrel; Brent crude oil futures also fell below $27/barrel for a time.
Asian stock markets were also dragged down, with the Australian ASX200 index opening down 398.10 points, or 8.27%, to 4816.60 points on Monday. South Korea's KOSPI index opened down 5.88%.
At the same time, safe-haven funds continued to flow into the US dollar, and the US dollar shortage intensified again. The dollar index rose by 0.45% in the day to 102.86. The New York dollar fell 1.1% to 0.5635 against the US dollar; the Australian dollar fell 1.5% against the US dollar to 0.5716; the British pound fell 40 points against the US dollar in the short term to 1.1624.
The third round of emergency economic aid program proposed by The Republican Party of the United States failed to pass the Senate procedural vote on the 22nd. According to US media, the scale of this emergency plan has exceeded US$1.8 trillion, including distributing cash to US taxpayers and emergency assistance to enterprises. The Democrats have previously publicly expressed dissent on the plan, but the Republicans still insist on promoting procedural voting. House Speaker Pelosi said that if there is still no agreement with the Republican Party, House Democrats will launch their own version.
According to zero hedging, at the end of Sunday's meeting, Pelosi told an employee: "We are so far apart." (We are so far apart.)
Still, Trump is optimistic that lawmakers will eventually reach an agreement. Shortly after the vote, Trump told reporters at a press conference of the novel coronavirus task force: "I think I will get there."
Previously, U.S. Treasury Secretary Mnuchin said on Sunday that the U.S. Congress is finalizing the new coronavirus economic relief bill, which will include issuing $3,000 to families at one time and allowing the Federal Reserve to use up to $4 trillion in liquidity to support the U.S. economy.
☆8 states in the United States have announced "home quarantine orders" affecting hundreds of millions of people
As of the 22nd local time, 8 states in the United States have announced "home quarantine orders", requiring residents not to go out to prevent the spread of the new crown epidemic. The eight states are: California, New York, Illinois, Ohio , New Jersey, Louisiana, Connecticut, and Delaware . This means that the "home isolation order" has covered hundreds of millions of people in the United States, or nearly one-third of the United States' population.
"All the evidence I have shown that we are in a critical moment of this war, and the current measures will be the key to turning the situation around," said Ohio Governor Mike DeWine. "The measures we are taking now will slow the invasion of the virus. This will slow the spread of the virus, so that our medical system can have time to treat patients."
New York City Mayor De Blasio said on the 322nd that New York City has become the epicenter of the epidemic in the United States. De Blasio warned that in 10 days, the hospital would have a general shortage of necessary equipment such as ventilators and surgical masks for treating patients with COVID-19, but the federal government did not move at all, did not mobilize the army, and did not order factories to maximize the production capacity of protective equipment. "If we do not get more ventilators within ten days, more people will lose their lives."
"This will be the biggest crisis in the country since the Great Depression." De Blasio told CNN, referring to the economic crisis in the 1930s. "This is the reason we need to mobilize the US military in full."
U.S. President Trump announced that he has mobilized the National Guard in California , New York and Washington to fight the coronavirus outbreak. Governors of the states will still retain command of the National Guard, but the Federal Emergency Management Agency will pay all costs. Trump said: "We are also negotiating with other states. These states have been hit the most."
"New York Times " recently published an article pointing out that The U.S. federal government should have been easier to control the epidemic in the early stages of the outbreak, but it missed a series of opportunities. "The ongoing delays have prevented officials from understanding the true situation of the scale of the epidemic. Local governments in the United States can only work in the dark and watch the epidemic rage."
Zhang Zuofeng, deputy dean of the School of Public Health at the University of California, Los Angeles and professor of epidemiology, said in an interview that in the previous six to eight weeks, the US Centers for Disease Control and Prevention responded slowly, resulting in relatively serious community infections. The stricter prevention and control measures currently taken try to delay the escalation of the epidemic and avoid the risk of the entire medical system being washed away.
☆People's forecast: U.S. GDP may plummet by 50% in the second quarter?
St. Louis Fed Chairman Brad said on Sunday that due to the impact of the new coronavirus epidemic, he believes that the US GDP may plummet by 50% in the second quarter, and the unemployment rate may reach 30%.
Brad said in an interview with the US media: "This is a planned and organized partial shutdown in the second quarter of the US economy. The overall goal is to keep everyone, family and business, overall. This is a huge impact, and we are working hard to deal with it and put it under control."
If Brad's pessimistic prediction comes true, the US unemployment rate will exceed the "Great Depression" period in the 1930s and be three times higher than the "Great Recession" period in 2007-09. "Everything is on the table," Brad said, referring to the Fed's additional loan program. “We can do more if necessary. There may be more in the coming months, depending on where Congress wants to go. With the appropriate measures, Brad said he expects economic activity to rebound quickly.” I think the third quarter is a transitional quarter, and “the next six months will be quite strong as American consumption accelerates.”
In addition to the warning issued by Federal Reserve officials, Wall Street investment banks have also generally issued pessimistic predictions about future prospects in the near future. Economists at Morgan Stanley said the coronavirus pandemic will put the United States in a deeper recession than previously expected, including a record 30.1% shrinkage in the second quarter. "Economic activity almost stagnated in March. The negative impact on recent GDP growth has become even greater as social distancing measures increase in more regions and further tightening of fiscal conditions," the economists said in a report to clients on Sunday. Bank of America Merrill Lynch warned that up to 3 million Americans are expected to file unemployment benefits this week, the highest level of new unemployment benefits in U.S. history and more than four times the worst of the 1982 recession.
Goldman Sachs html has lowered its forecast for 2020 earnings three times within 330 days, a total of 37%. "We now forecast that by 2020, the S&P 500 will earn $110 per share, down 33% from 2019," said David Kostin, chief U.S. equity strategist at Goldman Sachs in a note to clients last Friday.
