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U.S. Response to the COVID-19 Pandemic

by BACIU PARTNERS April 27, 2020

 

  1. New North American trade pact (NAFTA) to take effect July 1, a month later than initially proposed. (https://www.reuters.com/article/us-usa-trade-usmca/new-north-american-trade-pact-to-take-effect-july-1-ustr-idUSKCN2263H0)

  2. Combined with the four prior jobless claims reports, the number of Americans who have filed for unemployment over the previous five weeks is 26.45 million. (https://www.cnbc.com/2020/04/23/georgia-michigan-and-pennsylvania-see-steep-jobless-claims-amid-virus.html)

  3. US President Donald Trump has signed an executive order to temporarily suspend the approval of some green cards. It is to last for 60 days and could be extended. (https://www.bbc.com/news/world-us-canada-52391678)

  4. Oil prices turned negative. Hundreds of US oil companies could go bankrupt. (https://edition.cnn.com/2020/04/20/business/oil-price-crash-bankruptcy/index.html)

  5. House of Representatives adopted a $ 483 billion plan on the 23rd of April to help small businesses and hospitals cope with the coronavirus pandemic, while strengthening screening capabilities. The text must now be promulgated by Donald Trump. (https://www.france24.com/fr/video/20200424-le-congr%C3%A8s-approuve-un-plan-d-aide-massif-pour-les-entreprises-en-difficult%C3%A9) 

  6. Next wave of U.S. states prepare to reopen as coronavirus could push jobless rate to 16%. (https://www.reuters.com/article/us-health-coronavirus-usa/next-wave-of-u-s-states-prepare-to-reopen-as-coronavirus-could-push-jobless-rate-to-16-idUSKCN2280L0) 

  7. U.S. workers who refuse to return to their jobs because they are worried about catching the coronavirus should not count on getting unemployment benefits, state officials and labor law experts say. (https://www.reuters.com/article/us-health-coronavirus-usa-georgia-worker/americans-too-scared-to-go-to-work-risk-losing-unemployment-aid-experts-say-idUSKCN2251RD) 

  8. U.S. says will not take part in WHO global drugs, vaccine initiative launch. (https://www.reuters.com/article/us-health-coronavirus-who-usa/u-s-says-will-not-take-part-in-who-global-drugs-vaccine-initiative-launch-idUSKCN2261WJ) 

  9. U.S. Senate Democratic leader Chuck Schumer said he had urged Federal Reserve Chairman Jerome Powell in a phone call on Monday to open Fed’s Main Street Lending program to nonprofits and local governments. (https://www.reuters.com/article/us-health-coronavirus-usa-schumer/schumer-urges-feds-powell-to-open-loan-programs-to-nonprofits-local-governments-idUSKBN2222XP) 

  10. Mortgage payments paused or reduced for 3 million U.S. households, survey suggests. (https://www.reuters.com/article/us-usa-economy-mortgages/mortgage-payments-paused-or-reduced-for-3-million-u-s-households-survey-suggests-idUSKBN2222T4) 

  11. Trump threatens to block aid for U.S. Postal Service if it does not raise prices for Amazon. (https://www.reuters.com/article/us-health-coronavirus-trump-postalservic/trump-threatens-to-block-aid-for-u-s-postal-service-if-it-does-not-raise-prices-for-amazon-idUSKCN226367) 

  12. World’s largest pork processor Smithfield Foods Inc said on Friday it will suspend operations at its Monmouth, Illinois pork processing facility next week after some employees tested positive for COVID-19, adding to already strained U.S. meat supplies. (https://www.reuters.com/article/us-health-coronavirus-smithfield/smithfield-to-close-illinois-pork-facility-after-workers-test-positive-for-virus-idUSKCN22636X) 

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