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Monday, March 23, 2020

Lawmakers squabble over coronavirus stimulus package

The Senate will hold a procedural vote on a $1 trillion-plus coronavirus stimulus package, stocks poised to extend losses and more news you need to know Monday. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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Daily Briefing
 
Monday, March 23
NEW YORK, NEW YORK - MARCH 20: Traders work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus.
Monday's Daily Briefing: Congress can't agree on stimulus package
The Senate will hold a procedural vote on a $1 trillion-plus coronavirus stimulus package, stocks poised to extend losses and more news you need to know Monday.

Happy Monday, Daily Briefing readers! Let's kick it off with a recap of the biggest news you missed this weekend:

Celebrities mourned the death of Kenny Rogers, the country crossover star who was known for recording enduring classics such as "The Gambler," "Lucille" and "Islands in the Stream"
Sen. Rand Paul, R-Ky., tested positive for the COVID-19 coronavirus and is being quarantined
President Donald Trump said the National Guard would be deployed in the states hit hardest by the coronavirus pandemic — Washington, California and New York 

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.

Senate Republicans propose $1,200 cash payments in coronavirus economic rescue package.

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. 

Are you prepared to hand over your finances to someone in an emergency?

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.

Coronavirus live updates: Congress can't agree on stimulus package; US deaths surpass 470
We've been flooded with thousands of reader questions on coronavirus. We're answering them
Trader Joe's and Walgreens join retailers adding senior shopping hours
These 10 essentials are selling out—here's where you can still get them
How FEMA, businesses and Donald Trump are confronting the country's N95 mask shortage amid coronavirus pandemic
Chloroquine is being tested as a COVID-19 treatment. It can have deadly side effects
Working from home tips: Save on electricity by paying attention to greedy appliances
Sick at home with COVID-19: How to care for your loved ones infected with coronavirus

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

Health experts warn holding Summer Games too soon risks spreading coronavirus more
Aussie Olympic chiefs advise athletes to prepare for 2021

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

We ranked TV's most cringeworthy characters including Larry David of 'Curb Your Enthusiasm' and his fellow masters of comedic discomfort
Former NFL player Kyle Turley says cannabis 'saved' him, and he thinks it can help others
Truckers brave coronavirus outbreak to deliver goods: 'If we stop, the world stops'
'American Idol' recap: Two is not always company during Hollywood Week duet competition
Meghan McCain announces she's pregnant, self-isolating and appearing remotely on 'The View'
Atlanta Braves' Freddie Freeman keeps in shape for season by homering off son

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. 

Bonus: Here are 100 songs to help lift your spirits during a pandemic
click here
 
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