Your Daily Roundup for April 30th
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Good morning. As the COVID-19 pandemic takes a toll on the U.S. economy, our team at Future Majority is tracking the latest updates:
3.8 million more Americans filed for unemployment claims in the last week:
Nearly 4 million more Americans are out of a job, bringing the six-week total to over 30 million Americans unemployed.
In spite of unprecedented unemployment figures, the DOW is having its best month since 1987:
Investors are looking past the devastating economic toll on Americans and are optimistic about a promising antiviral drug, and states reopening in waves. Moreover, federal guidance on social distancing is set to lapse today.
But consumer spending is way down, dropping a staggering 7.5% in March from February’s spending. Consumer activity is a major contributor to the country’s economic performance.
Voters continue to approve of Trump’s handling of the economy despite the disastrous economic numbers:
A new Economist/YouGov poll finds that voters approve of Trump’s handling of the economy:
- Approve: 54%
- Disapprove: 41%
But voters disagree with Trump’s insistence to reopen the economy, with a plurality saying it will be safe in “several months:”
- Safe right now: 10%
- In about two weeks: 5%
- In about a month or so: 17%
- In several months: 36%
- In about a year or longer: 18%
- Not sure: 14%
Your Daily Round Up for February 28thGood afternoon. Here are the latest news and updates that our team at Future Majority is tracking. Another Saturday, another
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