That was the proposed size of the latest economic stimulus package. And over the weekend the bill failed to pass in the Senate.
Democrats in the Senate opposed the bill because it provided too much for corporations. They claimed it didn’t do enough for individuals who lose their jobs. Democrats want unemployment insurance to cover 100% pay for four months.
Today, Treasury Secretary Steve Mnuchin urged the Senate to quickly pass the bill.
The latest bill is expected to top $2 trillion.
He expects that the Treasury can get checks into the hands of Americans within two to three weeks.
“I think we’re very close. We need to get this done today,” Mnuchin told CNBC.
This bill highlights that the U.S. economy is in dire shape. The weekly jobless claims data will be released on Thursday. And it will show that millions of Americans filed for unemployment in the last seven days.
The package clearly shows that the U.S. economy is collapsing. And we’ve seen a huge increase in stock market volatility as a result.
Yet these little known “V-Trades” are serving up 100% winners. And they’re handing Americans 23% profits in the last month – even when stocks crash.
The Big News…
10-Times Increase in Coronavirus Cases
Over the last seven days, there has been a 10x increase in coronavirus cases in the United States. As of this morning, there are over 35,000 cases. Only China and Italy have more cases.
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Tokyo Olympics: Will It Be Canceled?
Canada and Australia announced that they would not participate in the summer Olympic Games. This caused Japan to say for the first time that the Games may be delayed.
Federal Reserve Announces Unlimited Lending
The Federal Reserve bank today announced a major expansion to support credit markets. The Fed will purchase an unlimited amount of Treasury securities and mortgage securities. This week alone the Fed plans to purchase $375 billion in Treasury bonds and $250 billion of mortgages. The central bank is also planning additional lending programs to support the U.S. economy.
Goldman Sachs: Expect 2.5 Million Newly Unemployed Americans
The Wall Street firm is now expecting that 2.25 million people will file for unemployment benefits this week. The report is expected Thursday. The highest number on record was 695,000 jobless claims in 1982.
Italy Bans Travel
Italy is under complete lockdown. The country has stopped all travel. People are ordered to stay inside. All businesses are now closed – except essential services such as grocery stores and pharmacies.
The Coronavirus Numbers
Here are the numbers from Monday morning at 11 a.m. ET.
- 353,903 Infected worldwide
- 15,420 Deaths
- 35,230 Infected in the U.S.
- 459 Deaths in the U.S.
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Stock prices dropped again on Monday morning, after Congress failed to pass a stimulus bill.
Meanwhile, the U.S. Surgeon General Jerome Adams warned . . .
“I want America to understand – this week, it’s gonna get bad.”
Coronavirus cases in the U.S. grew by 10 times over the last week. And the numbers are expected to skyrocket in the coming days.
Millions of Americans in eight states have been ordered to stay home. Meanwhile, businesses are closing up shop and the U.S. economy is grinding to a halt.
Falling stock prices – and increased volatility may put butterflies in your stomach.
Yet it’s also creating huge profits for folks using these 10-minute V-Trades.
In fact, 100% of these current trades are WINNERS. And you could be earning profits of:
Yours in Health & Wealth,