The stock market and Bitcoin are unexpectedly pumping amid a flurry of bad news. In the United States, the number of COVID-19 cases continue to rise, straining an overwhelmed health care system.
Concurrently, the number of affected citizens has gut-wrenchingly soared.
From the latest statistics, the number of citizens who lost jobs because of the coronavirus scourge–and therefore applying for relief through unemployment claims, is up 6.6 million against the forecasted 3.6 million, a near 100 percent increase.
Last week, 6.6 million applied for unemployment. Millions more will lose their jobs in the coming weeks. In the midst of this horrific crisis, Congress must pass a new, unprecedented emergency bill that guarantees income and health care for all Americans. Working on details now.
— Bernie Sanders (@SenSanders) April 2, 2020
President Trump Optimistic despite Rising Coronavirus Cases and Soaring Unemployment Claims
These statistics are scaring, sending shock waves to the financial markets and the US Economy.
With the leader being the United States, if the situation worsens, there are high chances that the global economy will sink, dropping into a recession, the worse of its kind, exceeding the Great Depression of the 1930s.
This is despite news of President Trump’s optimism that the situation will the contained.
Your daily reminder that Donald Trump fraudulently told Americans that COVID-19 cases would drop to 0 by April. Tragically, however, we now are at 216,500 cases with no end in sight. The con man’s attempt to lie coronavirus away should disqualify him from the next election.
— Publius (@ThePubliusUSA) April 2, 2020
There have been cases of nurses taking care of patients resigning fearing infections amid a scarcity of protective N95 masks and gloves.