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Happy Monday, Daily Briefing readers! Let's kick it off with a recap of the biggest news you missed this weekend: |
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Also, happy National Puppy Day! The holiday was created in 2006 to promote pet adoption, raise awareness about puppy mills and "to celebrate the magic and unconditional love that puppies bring to our lives," according to the National Puppy Day website. Here are 30 cute puppy photos to make you smile. 🐶 |
It's N'dea and I've got more news you need to know today. |
P.S. There's a lot going on with the stock market lately. Your money is important. Want money tips and advice delivered right to your inbox? Sign up for "The Daily Money." |
Will lawmakers agree on an economic rescue package? |
The Senate will hold a procedural vote Monday on a $1 trillion-plus GOP bill that would provide payments of $1,200 to most Americans amid the coronavirus pandemic . Negotiations over the massive economic package hit a snag on Sunday, as Republicans and Democrats sparred over how best to help laid-off workers and shuttered businesses reeling amid the coronavirus pandemic. Senate Majority Leader Mitch McConnell said he would force a second vote on the same bill Monday in the hopes that Democrats would have a "change of heart." Meanwhile, House Speaker Nancy Pelosi and House Democrats are planning to introduce a competing proposal that would address what they say are serious shortcomings with the GOP plan. |
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Stocks poised to extend losses after worst week since financial crisis |
Stocks were poised to extend losses Monday after posting their worst week since the financial crisis, as investors awaited government action to combat the coronavirus pandemic. Dow futures were down nearly 600 points after briefly falling more than 5% overnight, triggering an automatic shock absorber. S&P 500 futures slumped 3%. The New York Stock Exchange on Monday will move to all-electronic trading in response to the coronavirus pandemic, CNBC reported. It marks the first time the NYSE trading floor has been shuttered independently while electronic trading continued. |
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Want more coronavirus news? Here's the latest: |
As President Donald Trump announced new federal aid for three states crippled by the coronavirus, lawmakers in D.C. continued to squabble over a stimulus package aimed at saving an economy in free fall and the U.S. surpassed Spain in confirmed cases, now trailing only Italy and China. |
I'll be rounding up the biggest updates related to coronavirus every day in the newsletter so you can stay informed. Want daily coronavirus updates in your inbox? Sign up here. |
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Will the 2020 Summer Olympics be postponed? |
The sports world's eyes Monday turn to the International Olympic Committee as the countdown to their decision on what to do with this summer's Olympics is officially on. In the face of the coronavirus pandemic, IOC President Thomas Bach said Sunday that the organization has ruled out canceling the Games outright, but noted it is exploring other ways to stage the Olympics in Tokyo. That could mean postponement from its scheduled July 24 start. Bach said an official decision should be reached within the next four weeks. At least one country, though, will not be attending if the Games are still held this summer: Team Canada announced Sunday its athletes will not be going unless the Olympics are postponed. |
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State Department to evacuate stranded Americans |
The State Department has chartered two flights to begin evacuating Monday hundreds of Americans who are stranded in Guatemala . Guatemala suspended all air travel except for cargo flights on March 16 in an effort to slow the spread of coronavirus. "We do not know when civilian flights will resume in Guatemala after these U.S. government-coordinated charter flights, but urge travelers to continue to check the availability of commercial flight options," the State Department said. On Sunday, Vice President Mike Pence said the State Department had brought 3,000 Americans home from countries where they were stranded. |
Also in the news |
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These states are ordering residents to stay home or shelter in place |
Cities and states across the country are instituting orders to "stay home" or "shelter in place." The orders are not "lockdowns." Residents can continue performing tasks essential to the health and safety of family and pets. It's still OK to buy groceries, go for a run, walk the dog, pick up medicine, visit a doctor or get supplies to work from home. |
• | Delaware Gov. John Carney ordered residents to stay at home and closed nonessential businesses in the state starting Tuesday at 8 a.m. | • | Louisiana is imposing a statewide stay-at-home order, effective 5 p.m. Monday. | • | Ohio is imposing a statewide stay-at-home mandate, effective 11:59 p.m. Monday. | • | Philadelphia is ordering its residents to stay home, a mandate that goes into effect at 8 a.m. Monday. | • | Missouri's two largest cities issued stay-at-home orders: St. Louis' mandate, which also applies to St. Louis County, begins Monday. Kansas City and its metro area goes into effect Tuesday. | |
In better news: Please don't stop the music 🎶 |
Coronavirus has canceled a slew of concerts and live music shows, but that hasn't stopped people from finding a way to spread joy through song. Under stay-at-home orders amid the coronavirus outbreak, people scattered throughout the Chicago metro area belted out Bon Jovi's "Livin' On A Prayer." Alabama's statewide ban on visitors to assisted living and nursing homes couldn't stop this loving husband from visiting his wife of 45 years to stand outside her window and sing "Amazing Grace." |
And celebrities are getting in on the fun too: Neil Diamond re-structured his 1969 hit and karaoke favorite "Sweet Caroline" to a coronavirus public service video. DJ and rapper D-Nice went live from his Instagram account for what he called #ClubQuarantine, a streaming event that drew famous viewers like Michelle Obama, Oprah Winfrey, Rihanna, and more. |
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