Your Daily Roundup for May 18th
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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:
The economic recovery is set to last a while:
The Chair of the Federal Reserve, Jerome Powell, said that “the biggest shock that the economy’s had in living memory” could have a recovery that stretches “through the end of next year.”
Another retail giant falls to COVID-19:
J.C. Penny became the latest retail company to be on the brink of bankruptcy, as they wait for a judge's approval to spend $500 million to try to salvage the company.
This came after retail giants J. Crew and Neiman Marcus filed for bankruptcy earlier this month. As of today, J.C. Penny has over 800 stores and a staggering 85,000 employees.
A new Gallup poll found that Trump’s job approval slightly increased above other national polls:
Gallup was out with a new poll late last week, and they found that Trump’s job approval among Americans has matched the highest point of his Presidency:
- Approve: 49%
- Disapprove: 48%
The poll also found that in this time of crisis, the approval of Congress has jumped to levels not seen since 2009:
- Approve: 31%
- Disapprove: 65%
This is the highest Congressional approval since former President Barack Obama’s first year in office, when he enjoyed Democratic majorities in both chambers.
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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