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Coronavirus Pandemic Is “Like A Hurricane But Hitting The Entire Country At The Exact Same Time” As Cases Surge Past 245,500

Plus, oil is climbing again on reports that OPEC+ is meeting Monday to discuss production cuts, 3M said it is increasing production capacity for its masks for healthcare providers to 50 million per month, and Tesla delivered more vehicles than expected in the first quarter.

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Jobless Claims Surged By 6.65 Million Last Week Bringing The Two-Week Total To More Than 10 Million

Plus, oil is climbing after Trump said Russia and Saudi Arabia will work toward easing the pressure on oil by ending their price war, U.S. coronavirus cases rose past 216,000, and Luckin Coffee shares plummeted after the company disclosed that its COO had fabricated 2019 sales figures.

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Trump Says The U.S. Is In For A “Very Painful Two Weeks” Ahead As Experts Say COVID-19 Deaths Could Spike To 2,200 Per Day

Plus, manufacturing contracted in March, new mortgage applications fell, Fiat Chrysler reported a more than 10% decline in auto sales in the first quarter, and T-Mobile and Sprint finally completed their merger.

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Consumer Sentiment Slipped By The Most Since October 2008 This Month As The Coronavirus Grinds The U.S. Economy To A Halt

Plus, the $2 trillion stimulus bill has hit a snag in the House, the U.S. now has the most cases of the coronavirus in the world, and Novartis’ CEO said it’s “too soon” to say if two anti-malaria drugs will be an effective vaccine against the deadly virus.

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Could We Be At The Start Of The Next Depression? Here’s What Top Economists Have To Say

Economists say we’re already coming into a recession. The question now is, will it get bad enough and last long enough to qualify as a depression?

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6 Stocks Bill Ackman Is Buying Right Now

The billionaire fund manager cashed out of market hedges this week to the tune of $2.6 billion, and used that cash to buy these 6 stocks.

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Stocks Shrug Off The Headlines As Jobless Claims Surge To Nearly 3.3 Million

Plus, the Senate passed its $2 trillion coronavirus stimulus package, deaths from COVID-19 surpassed 1,000 in the U.S., and Wendy’s withdrew guidance for the year.

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Senate & White House Come To Agreement On Historic $2 Trillion Coronavirus Stimulus Package

Plus, 1 month and 3 month Treasury yields slipped into negative territory this morning, Target withdrew its full-year forecast, and Nike shares are rising after the sneaker maker reported better-than-expected sales.

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Chevron Shares Rocket Higher After The Company Said It Will Maintain Its Dividend

Plus, the market is higher on optimism that a third stimulus bill will be finalized today, Gilead Sciences’ experimental COVID-19 treatment, remdesivir, received Orphan Drug Designation from the FDA, and General Motors said it is conserving cash and drawing down $16 billion from credit lines.

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