Your Daily Roundup for May 11th

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: 

Cases spike as the economy opens in states around the country

The United States now has 1.3 million confirmed cases of COVID-19 and nearly 80,000 Americans have lost their lives to the virus. 

Many of the new cases occurred in states where economies began to open last week, including Texas, who saw the highest 7-day increase in new cases to date.

The White House shelved CDC guidance on how businesses could safely reopen in states that have relaxed closure orders, leading business owners and consumers to effectively fly blind.

The economy is going to get worse before it gets better:

Treasury Secretary Steve Mnuchin said yesterday on Fox News Sunday that the jobless rate is likely worse than reported, and the unemployment rate could reach 25% soon. He added, "The reported numbers are probably going to get worse before they get better."

One poll shows Trump’s approval on the economy under water:

A new Navigator Daily tracking poll shows that Trump’s handling of the economy is below its usual spot in the mid 50’s, with a plurality disapproving:

• Approve: 48%
• Disapprove: 49%

As far as his overall job approval is concerned, the poll finds that he is under water by 12 points, a 2-point drop from a month ago:

• Approve: 43%
• Disapprove: 55%