The U.S. just became the country with the most Covid-19 cases in the entire world, making it the center of the coronavirus crisis.
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America is now #1.
As of this morning, the U.S. has 85,906 confirmed cases. In the last 24 hours, we’ve launched ahead of China with its 81,340 cases.
Here’s the most concerning part:
In the last 24 hours, the U.S. has confirmed an additional 18,000 cases. Meanwhile, China added just 55 cases.
Here’s the latest map from the CDC showing the case load per state.
This booming coronavirus crisis will continue to weigh on stocks. That’s why it’s crucial that you discover a new way to trade during a bear market.
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The Big News…
House of Representatives Takes up $2 Trillion ‘CARES Act’
Yesterday the U.S. Senate passed a $2 trillion stimulus bill. Now the House of Representatives must pass that legislation. Members are expected to pass the measure in a “voice vote” that doesn’t require a vote on Capitol Hill. The bill is expected to pass today.
Plus, the bill will provide $153.5 billion for public health – including vaccines. This #1 biotech is working on a new Covid-19 vaccine. FDA approval could send shares surging 3,825% in 2020. Click here for urgent details.
U.K. Prime Minister Has Coronavirus
Boris Johnson – Prime Minister of the United Kingdom – tested positive for Covid-19. He has mild symptoms and is isolated at 10 Downing Street. He will continue as the prime minister during his recovery.
New York Hits 100 Deaths in 24 Hours
New York is ground zero of the coronavirus crisis in the U.S. The state now has over 37,000 confirmed cases. Some 14% of these identified cases lead to hospitalization. The number of deaths stands at 385 – an increase of 100 in the last 24 hours.
New York doctors plan to start taking this Covid-19 vaccine within the next couple of months. Go here for details on the biotech stock behind this new drug.
Consumer Sentiment Hits 4-Year Low
The coronavirus crisis is shaking consumer confidence. Accord to the University of Michigan, consumer confidence plunged to a four-year low in March. Confidence is expected to continue falling as the crisis increases unemployment and economic uncertainty.
The Coronavirus Numbers
Here are the numbers from Friday morning at 10:30 ET.
- 556,147 Infected worldwide
- 25,238 Deaths
- 85,762 Infected in the U.S.
- 1,306 Deaths in the U.S.
America needs this coronavirus vaccine (go here for details).
After a three-day winning streak . . .
U.S. stocks are giving back some of the gains.
The markets had been excited about the U.S. Senate’s $2 trillion stimulus bill. And the bill will almost certainly become law in the next day or two.
However, the mounting number of cases in the coronavirus crisis and unstoppable spread is deeply concerning.
Unfortunately, rate cuts from the Federal Reserve won’t stop this virus. And checks in the hands of Americans and businesses won’t stop the health crisis or the economic fallout.
A health crisis requires a medical solution. And that’s why biotech stocks will be the biggest winners in 2020.
Three biotech stocks are on the verge of a major breakthrough. And shares could deliver profits of 773% or more in the coming months.
Yours in Health & Wealth,