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Light at the end of the tunnel?
We will likely be asked to stay at home another three to four weeks (at the minimum) to contain (and hopefully soon defeat) the coronavirus pandemic. This means much of the economy will be staying closed for now. However, the President and his advisors are looking for ways to reopen “parts” of the economy—possibly before the end of April. Sounds wonderful, doesn’t it?
Have a good read…

U.S. Economy President Trump Looking for Ways U.S. Economy Can Be Reopened
Treasury Secretary Steven Mnuchin revealed during a FOX Business interview that the President is considering ways for the country’s economy to reopen. "The president is very much looking at how we can reopen parts of the economy," Mnuchin told FOX Business' Maria Bartiromo. "There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not."
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Auto IndustryFord Makes 1 Million Face Shields in 13 Days
Back on March 19, the Mayo Clinic set out an alert of their need for face shields. Ford executives responded with a plan to address the personal protective equipment shortage. Within hours, the automaker pivoted from making cars to manufacturing medical devices. This has generated tens of thousands of protective face shields for doctors, nurses and first responders as they continue to battle the pandemic in the U.S.

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Small Business Lenders & Small Businesses Criticize Delays with Coronavirus Relief Program
Mom and Pop enterprises were grateful when Congress passed a $349 billion loan program for small businesses as part of the Trump administration’s response to the coronavirus crisis. But so far, many who are counting on the relief program are frustrated by the confusing hoops and red tape they are forced to go through to apply.

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Airline IndustryU.S. Airlines Want a $50 Billion Bailout
The “Big Four” airline companies—United, Delta, American and Southwest—are going to get a big chunk of stimulus money. Most economists agree that’s a done deal…what is not so well known is that these major airlines sent $45 billion to Wall Street over the past five years to keep shareholders happy. So now, a $50 billion airline bailout package is being proposed
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Tech Startups Venture Capital-Backed Startups Fear Small Business Stimulus Won’t Reach Them
A portion of the $2 trillion stimulus bill to ease the harsh economic effects from the coronavirus crisis includes loans to businesses with 500 or fewer employees. However, venture backed startups may not be included due to “affiliation” rules.
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Stock MarketThese Stocks Made the Biggest Move on Tuesday
Kohl’s shares surged 202% as investors celebrated a decline in new coronavirus cases. Four other brands in the retail sector saw big gains, along with companies in several other industries.
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Real Estate Surge of Americans Putting Off Mortgage Payments
Due to the financial stress Americans are feeling since the coronavirus crisis wreaked havoc on the economy, people are taking advantage of available relief measures and putting a pause on their mortgage payments. New data from the Mortgage Bankers Association show the total number of loans in forbearance increased to 2.66% from 0.25 percent between March 2 and April 1. Forbearance requests grew by 1,270% during the first half of March, and another 1,896% during the latter half of the month.
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Economic Shutdown ‘Big Short’ Investor Makes Controversial Statement On Coronavirus Economic Shutdown
Michael Burry, who made a name for himself by making a timely bet against mortgage securities ahead of the 2008 financial crisis, recently made some shocking statements about the current pandemic and the resulting shutdown of the economy. “Universal stay-at-home is the most devastating economic force in modern history And it is man-made.” That’s not all Burry said.
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