Coronavirus supplemental update

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Based on Mitch McConnell’s speech on the Senate floor today, progress appears to be getting made on the supplemental spending bill:

The Senate’s immediate role is clear: We need to support the federal, state, and local public health officials and healthcare professionals who are working overtime to blunt, delay, and mitigate the spread of the virus. So I am grateful that our colleagues Chairman Shelby and Ranking Member Leahy, along with their Appropriations counterparts in the House, worked through the weekend on a bipartisan, bicameral agreement to provide supplemental appropriations for the coordinated response.

It goes without saying that a challenge like this leaves no time for moving goalposts or performative outrage. The American people deserve for their Congress to meet this subject head-on with a bipartisan and collaborative approach. I’m confident that is exactly what can and will happen.

Here’s the video of that speech:

There’s still plenty of things to worry about with regards to this virus. The things that the President is responsible for are getting done in a timely, proficient fashion. The medical professionals are, as near as I can tell, working together. The markets, which aren’t always driven by logic, had a massive sell-off last week which was attributed to the virus. Late Friday afternoon, with less than an hour left in the trading day, Apple CEO Tim Cook announced that people were going back to work in China.

From the time of that announcement to the end of trading that day, the DJIA rallied from being down 912 points to finishing down 357 points. That’s why I wasn’t totally surprised that the Dow finished up today. I must admit, though, that I was startled that it finished ahead by 1294 points today. The Dow Futures are ahead by 150 points already.