Daily Comment (April 8, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA

[Posted: 9:30 AM EDT]

Yesterday’s optimism about a potential peak in the coronavirus crisis is being undermined a bit today by reports of re-tightened lockdowns in some countries and the failure of EU finance ministers to agree on an aid program for hard-hit European countries.  We review all the key virus news along with other odds and ends below.

COVID-19:  Official data show confirmed cases have risen to 1,446,242 worldwide, with 83,424 deaths and 308,146 recoveries.  In the United States, confirmed cases rose to 399,929, with 12,911 deaths and 22,539 recoveries.  Here is the chart of infections now being published by the Financial Times:


Real Economy

U.S. Fiscal Policy Response

Foreign Fiscal Policy Response

Odds & Ends:  Afghan and Taliban negotiators have broken off talks on a prisoner swap meant to pave the way toward a peace agreement, just weeks after U.S. Secretary of State Pompeo rescued the talks from a similar near-failure.

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