Your Daily Roundup for July 30th
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Good morning. As the COVID-19 pandemic takes a toll on life in America, our team at Future Majority is tracking the latest updates:
The U.S. suffered its worst economic quarter ever in Q2:
U.S. GDP dropped 9.5% in the second quarter of this year -- or 32.9% on an annualized basis. This was the worst quarter of economic output on record.
Moreover, another 1.43 million Americans filed newly for state unemployment benefits -- the 19th week in a row that over a million Americans were out of work. An additional 830,000 Americans not covered by state unemployment benefits (freelancers, those who work for themselves, etc.) filed for federal Pandemic Unemployment Assistance.
Global cases of COVID-19 have surpassed 15 million:
Cases around the world of COVID-19 have topped 15 million. The U.S. leads the world with nearly 4.5 million cases -- or a quarter of those infected (the U.S. is only 4% of the world’s population).
As the virus surges here, lawmakers are far from negotiating additional economic relief for Americans. The $600 per week unemployment supplement is set to expire Friday.
President Trump has floated the idea of delaying the election:
This morning, President Trump took to Twitter to muse about delaying the election -- something the president has no authority to do:
Federal elections are set by federal law. Moreover, there is no evidence of fraud related to vote by mail. In fact, it is safe, secure, effective, and good for democracy.
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
#TrumpSlump Stresses Global MarketsWall Street Journal Reports: U.S. Stocks Fall on Fresh Trade Tensions U.S. stocks fall as a result of Trump's tweet saying he Infrastructure
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